$ETH
⚠️ To profit from the market and identify the right altcoin, pay attention to the following points:

🔅 To map out the altcoin roadmap, considering Tether and Bitcoin dominance, Bitcoin's fluctuations are no longer of significant importance. Instead, Ethereum's movements are crucial,

🔅For Ethereum, we have two support levels. The first level was tested yesterday, and Altseason may start from this first support. However, you should plan in a way that allows you to add more volume to your altcoins when Ethereum reaches the second support.

🔅For entering altcoins, identify suitable entry points and then take your desired position. Always set a stop-loss for your trades. Place the stop-loss below significant support levels and avoid overly tight stops. This advice specifically applies to spot positions.

🔅Focus on buying altcoins that are attracting strong inflows and are trending. Older altcoins without updates or unique technologies tend to have shorter targets and move more sluggishly.
This is a friendly reminder... To be patient, to prepare, to load up, accumulate and hold.
Disclaimer:
The information provided here is intended for informational and educational purposes only. It does not constitute financial or investment advice. Always perform your own research before making any investment or trading decisions.
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#ETH

Ethereum (ETH) has slightly recovered after the recent price decline. As of now, it is trading at approximately $3,369.31, reflecting a slight decrease of about 1.3% from the previous close. Over the past week, Ethereum has experienced a 9.76% decline, while its monthly performance shows a 14.84% increase. Over the last year, Ethereum has increased by 51.40%.

Recently, Ethereum’s price has exhibited significant volatility, reaching an intraday high of $3,558.54 and a low of $3,352.16. This fluctuation follows a notable surge from $2,000 on November 22, 2024, to $4,868 on November 10, 2021, before retracing to current levels. 

Ethereum Price Analysis

Technical indicators present a mixed outlook for the Ethereum price. According to TradingView, Ethereum has fallen by 9.76% over the last week, with a month performance showing a 14.84% increase. However, Ethereum is showing signs of recovery, with bulls stepping in to quench U.S. investors’ selling pressure.

While Ethereum has experienced recent price volatility and a significant decline over the past week, technical indicators suggest a neutral to bullish trend. Traders should monitor key support levels at $3,350 and resistance levels at $3,550, as breaches of these levels could signal further price movements. Given the mixed signals from technical indicators, caution is advised when making trading decisions.

Immediate support is identified around $3,300. A sustained drop below this level could signal further bearish momentum. On the upside, resistance is present near $3,500. A breakout above this level could indicate a potential recovery and attract bullish interest. The RSI is currently in neutral territory, suggesting a balance between buying and selling pressures. However, a move above 70 could indicate overbought conditions, potentially attracting sellers.

Ethereum Price Prediction

The current market sentiment for ETH appears cautiously optimistic. Some forecasts suggest that ETH could reach new all-time highs of approximately $5,000 in 2025, indicating potential for significant growth. Analysts have also provided varying forecasts for ETH’s price by the end of 2024, with some predicting an average price of around $3,306.03, while others anticipate it reaching approximately $3,449.49.

If ETH maintains support above $3,300 and breaks through the $3,500 resistance, it could aim for higher targets, potentially reaching $3,800 in the near term. Positive developments in the Ethereum ecosystem and increased adoption could further bolster this scenario. Failure to hold the $3,300 support level may lead to a decline towards $3,100 or lower. Continued market volatility and negative sentiment could exacerbate this downward movement.

Frequently Asked Questions

What factors are currently influencing ETH’s price?

ETH’s price is being influenced by recent market volatility, analyst predictions, and overall investor sentiment.

What are the key support and resistance levels for ETH?

Key support levels are around $3,300, while resistance levels are near $3,500.

Is ETH expected to rise or fall in the near future?

Analysts suggest that ETH may experience growth, potentially reaching new all-time highs of approximately $5,000 in 2025, though this is subject to market conditions and investor sentiment.

Investment Risk Warning

Investing in cryptocurrencies involves significant risk due to their inherent volatility. It’s essential to conduct thorough research and assess your financial situation before making any investment decisions.

The crypto market is reeling as Ethereum ($ETH ) makes headlines for plunging below $3,200, marking a steep 13% drop in just 24 hours. Investors are left questioning the sudden downturn, with large-scale sales by Ethereum whales and the Ethereum Foundation cited as major contributors. Let’s dive into what’s happening.

What’s Behind Ethereum’s Drop?

Ethereum, which was recently hovering near $4,000, has seen a sharp decline. The critical $3,500 support level failed to hold, sending the price tumbling. Analysts now suggest the next key support lies at $2,800.

This isn’t just a case of market fluctuations—whales, or large Ethereum holders, are offloading their assets at an unprecedented pace. According to on-chain data from Lookonchain, recent whale activity has been staggering:

Whale 1: Deposited 22,746 ETH (worth $77.7 million) into Binance to settle debts and sold 31,968 ETH ($122.3 million) over the last two days.

Whale 2: Transferred a massive 49,910 ETH ($170 million) to Binance in just eight hours, cashing out stablecoins worth $137.8 million.

These high-volume sales have put significant downward pressure on Ethereum’s price, sparking panic among investors. Adding to the selling pressure, the Ethereum Foundation has also been strategically offloading ETH.

Ethereum Foundation’s Tactical Sales

The Ethereum Foundation is known for selling during market highs to fund development and operations, and their recent activity follows this trend. Just two days ago, when Ethereum was trading at $4,000, they sold 100 ETH. Over the past year, they’ve sold 4,466 ETH ($12.6 million) across 15 transactions—mostly at peak prices.

While this might seem concerning, the Foundation’s strategy is deliberate, aiming to maximize returns during favorable market conditions to support their initiatives.

What’s Next for Ethereum?

As whales continue their selling spree and critical support levels falter, the market remains on edge. Analysts are closely watching the $2,800 mark, which could serve as the next key support level. If Ethereum stabilizes there, it may pave the way for a recovery. However, if the selling persists, further declines could follow.

Should Investors Be Concerned?

Volatility like this can be unsettling, but seasoned Ethereum investors know this isn’t the first time the market has seen sharp declines. Historically, these dips often present long-term buying opportunities, even as short-term traders brace for more turbulence.

The crypto market moves in cycles. Today’s downturn could be tomorrow’s opportunity for growth. Stay calm, stay informed, and make decisions aligned with your investment goals.

What’s Your Take?

Do you think Ethereum will find stability at $2,800, or is more downside ahead? Share your thoughts below!
#ETH #CorePCESignalsShift #MarketPullback

Ethereum ($ETH ) has faced significant resistance at the $4,000 mark since March 2024, encountering rejections three times. Currently trading at $3,475, ETH has experienced a 24% drop from a high of $4,087 to a recent low of $3,097. While there was a brief bounce, the overall market sentiment remains weak.

Challenges at $4,000 Resistance

The $4,000 price point continues to act as a strong resistance level for Ethereum. Despite a minor rebound from the recent dip to $3,097, trading volume has declined by nearly 15%, indicating a lack of market interest. The relative strength index (RSI) remains neutral at 52.64, signaling a stagnant market, and the 20-day moving average is providing minimal support just above the $3,400 level.

ETF Impact and Market Sentiment

Ethereum's spot ETFs, launched in August, were expected to fuel growth, but they have not met expectations. Currently, Ethereum ETFs hold approximately $11.98 billion, a small fraction compared to Bitcoin’s $109.66 billion. Additionally, there was a significant outflow of $60 million from Ethereum ETFs recently. Social sentiment surrounding Ethereum is at its lowest point in a year, though this could hint at a potential future rebound.

Futures Market and Sell-Offs

The futures market for Ethereum is showing signs of weakness, with a negative premium for the first time since November. A large $299 million sell-off occurred recently, marking the biggest drop since December 9. Additionally, the Ethereum Foundation’s sale of 100 ETH on December 17 led to a 17% price drop, raising concerns among investors.

Looking Ahead
Although Ethereum has bounced back by 12% from its recent low, its future remains uncertain. Some analysts are hopeful, expecting sentiment to improve, while others remain concerned about high ETH supply and investors’ preference for Bitcoin. Ethereum’s trajectory is unpredictable, and the market may still surprise investors.
#ETH #BTCNextMove #MarketPullback

Ethereum has once again struggled to surpass the critical $4,000 resistance level, leading to a significant price drop. However, the cryptocurrency is now positioned at a major support zone, where analysts expect a rebound followed by a period of consolidation.
Technical Analysis
Daily Chart Overview
The $4,000 price level has been a pivotal resistance for Ethereum throughout the past year, repeatedly thwarting bullish attempts due to strong selling pressure.
Recently, ETH faced another rejection at this level, sparking a notable sell-off. This decline was exacerbated by comments from Federal Reserve Chairman Jerome Powell, hinting at a potential pause in the central bank’s ongoing rate-cutting policy.
Despite the downturn, Ethereum found strong support at the $3,000 mark, a critical price level. This led to a rebound above $3,500, with the price currently consolidating between $3,500 and $4,000. Analysts anticipate that this consolidation phase could pave the way for a renewed bullish attempt to break the $4,000 resistance.
4-Hour Chart Insights
On the 4-hour chart, the rejection at $4,000 triggered a sharp decline, breaking below the ascending wedge pattern—an indicator of bearish dominance. This move led to a pullback, followed by a continuation of the downtrend.
Currently, ETH is trading within a crucial support zone, defined by the 0.5 ($3,200)–0.618 ($3,000) Fibonacci retracement levels. This zone is expected to stabilize the price in the short to mid-term, allowing for further consolidation and minor retracements. Should this support hold, it could attract buyers, potentially setting the stage for another attempt to challenge the $4,000 resistance.
Onchain Analysis
Ethereum’s inability to reclaim the $4,000 level resulted in significant liquidations in the futures market, triggering a flash crash and dampening market sentiment.
The funding rates metric, a reliable indicator of futures market sentiment, reveals a sharp spike followed by a substantial drop after the rejection at $4,000. This reset in funding rates often signals a cooling phase in the market, which can create conditions for a sustainable bullish trend.
A similar pattern was observed in January 2024 when a sudden drop in funding rates calmed the market and preceded Ethereum’s next major rally. If history repeats itself, the current market reset could mark the beginning of another bullish phase for Ethereum.
$ETH #ETH

Ethereum has once again failed to reclaim the critical $4K resistance level, leading to a notable decline in price. However, the cryptocurrency has now reached a significant support zone, where a rebound followed by consolidation is anticipated.

Technical Analysis

By Shayan

The Daily Chart

Ethereum’s $4K price region has proven to be a critical resistance zone over the past year, consistently halting bullish advances due to strong selling pressure.

Most recently, the price faced another rejection at this level, triggering a significant sell-off. This decline was further fueled by Federal Reserve Chairman Jerome Powell’s remarks, suggesting the central bank might pause its current policy of lowering key interest rates.

Despite this setback, ETH has found support at the $3K level, a crucial price zone, leading to a rebound above the $3.5K threshold. Currently, the cryptocurrency is consolidating within the $3.5K–$4K range, with expectations of a potential bullish attempt to retest the $4K resistance following this consolidation phase.

Source: TradingView The 4-Hour Chart

On the 4-hour chart, Ethereum’s rejection at the $4K resistance triggered a sharp decline, breaking below the ascending wedge pattern—a clear indication of sellers’ dominance. This bearish momentum pushed the price lower, leading to a pullback before resuming its downtrend.

At present, Ethereum is trading within a significant support zone, defined by the 0.5 ($3.2K)–0.618 ($3K) Fibonacci retracement levels.

This is expected to provide stability in the short to mid-term, with the likelihood of continued consolidation and minor retracements. If this support holds, buyers may re-enter the market, setting the stage for another attempt to challenge the $4K resistance.

Source: TradingView Onchain Analysis

By Shayan

Ethereum’s failure to reclaim the $4K threshold triggered significant liquidations in the futures market, followed by a flash crash that appears to have substantially cooled the broader sentiment.

The chart illustrates the funding rates metric, a reliable indicator of futures market sentiment. While Ethereum’s aggregate funding rates saw a sharp spike last week, the rejection at $4K led to substantial liquidations, bringing funding rates back to levels conducive to a bullish trend.

This cooling effect could pave the way for a more sustainable rally in the coming weeks. A similar pattern was observed in January 2024 when a sharp decline in funding rates calmed the futures market, setting the stage for Ethereum’s next major impulsive rally. This historical precedent suggests that the current market reset could mark the beginning of another bullish phase.

Source: CryptoQuant

The post Ethereum Price Analysis: Following a 15% Weekly Crash, What’s Next for ETH? appeared first on CryptoPotato.

The Ethereum (ETH) price outlook has been on investors’ radars for a while. Amid this sentiment, the cryptocurrency has rallied above $4,000 and, at one point, decreased below $3,200.

However, in the last 24 hours, Ethereum’s price has increased by 10%, with large transactions climbing to levels not seen in almost one week.

Ethereum Sees Notable Institutional Interest

Ethereum’s 10% surge has pushed the altcoin to $3,422. On-chain data reveals that increasing institutional interest is a key factor influencing Ethereum’s price outlook.

IntoTheBlock reports that Ethereum’s large transactions have climbed to 2.83 million ETH. This increase suggests heightened trading activity among whales and key stakeholders.

On the other hand, a decline in this metric indicates dwindling interest. At the time of writing, these transactions are worth approximately $11 billion. Historically, when this metric rises alongside the price, it is a bullish sign. As such, the ETH price could rise above $4,500 in the short term.

Ethereum Large Transactions. Source: IntoTheBlock

The Weighted Sentiment indicator suggests Ethereum’s price could keep rising. This metric measures overall market perception of a cryptocurrency, with positive readings reflecting bullish sentiment and negative readings indicating bearish sentiment.

Santiment data shows Ethereum’s Weighted Sentiment is nearing the positive zone. If it remains in this territory, ETH’s value could continue to increase.

Ethereum Weighted Sentiment. Source: Santiment ETH Price Prediction: Breakout Beyond $4,000 Still On the Cards

According to the 3-day ETH/USD chart, the Accumulation/Distribution (A/D) line has continued to climb. A rising A/D line indicates that investors are buying, which could drive the price higher. When the indicator’s reading drops, it indicates that investors are distributing, which is a bearish sign.

Since it is the former for ETH, it suggests that the cryptocurrency’s price might break the $3,982 resistance. If validated, the value could hit $4,110. However, if the broader market conditions become extremely bullish, Ethereum’s price could rally above $4,500.

Ethereum 3-Day Price Analysis. Source: TradingView

But if the cryptocurrency fails to break above the resistance, the value might not experience such an upswing. Instead, the price might decline to $3,178.

Ethereum whales have made a bold statement in the market, withdrawing a massive 8,440 ETH, valued at $28.43 million, from Binance in just 30 minutes. The coordinated activity involves four newly activated wallets, suggesting strategic accumulation as the cryptocurrency market regains momentum after a recent dip.

Whales start accumulating $ETH after the market rebounds!In the past 30 minutes, 4 fresh wallets(probably belonging to the same whale) withdrew 8,440 $ETH($28.43M) from #Binance.Address:0xa7c8823c2d8CAF8C86F1F572Ac6902964c109bb40xf2500B6014dfe916B8e7706434e21B5FB2191A15… pic.twitter.com/qnMq2IEa2Z

— Lookonchain (@lookonchain) December 20, 2024

According to Lookonchain, The withdrawals were executed through four specific wallets: Wallet Address 1: 0xa7c8823c2d8CAF8C86F1F572Ac6902964c109bb4,Wallet Address 2: 0xf2500B6014dfe916B8e7706434e21B5FB2191A15,Wallet Address 3: 0x38b866814f278eB1b18f8E2e64612201633A8328,Wallet Address 4: 0x863a33C2df6735EE50647A07a895885cd5FdcA0E

Each wallet received approximately 2,300 ETH in separate transactions, highlighting a calculated and coordinated approach to Ethereum accumulation. The transfers suggest that the wallets are likely controlled by the same entity or closely related entities, aiming to leverage the current market conditions.

The timing of these transactions is critical. Occurring as Ethereum prices show signs of recovery, the withdrawals suggest that large investors, commonly referred to as whales, are preparing for a potential upward trend. By removing such a significant amount of Ethereum from Binance, the whales reduce the available supply on exchanges, a move often interpreted as a bullish signal.

This strategy reflects confidence in Ethereum’s long-term value. Large-scale withdrawals typically indicate a shift toward holding rather than trading, signaling that these investors expect higher prices in the future.

Ethereum’s Market Impact and Future Outlook

The immediate impact of whale activity like this is reduced liquidity on exchanges. With 8,440 ETH withdrawn in a short period, Binance now holds less Ethereum available for trading, which can increase buying pressure. This kind of movement is often followed by increased volatility, as traders react to the changing supply dynamics.

Such significant whale actions also tend to attract attention from retail and institutional traders alike, further amplifying market activity. While the full implications are yet to unfold, the withdrawals hint at rising optimism among high-net-worth investors.

This whale activity underscores Ethereum’s continued relevance and importance in the cryptocurrency market. As the backbone of decentralized finance (DeFi), non-fungible tokens (NFTs), and smart contracts, Ethereum remains a key asset for investors looking to capitalize on blockchain technology’s growing adoption.

The transition to Proof of Stake (PoS) has added another layer of appeal, reducing energy consumption and enabling staking rewards. These advancements have strengthened Ethereum’s position as a preferred asset for long-term investments, making it a cornerstone of the crypto ecosystem.

Market participants are closely monitoring these whale wallets for further activity. Whether the ETH will be moved to DeFi protocols, staking platforms, or held for long-term appreciation remains to be seen. Historically, similar accumulation events have preceded price rallies, as reduced exchange liquidity often leads to upward pressure on prices.

Ethereum’s recovery is a critical moment for the market, and the actions of whales like these provide insight into broader investor sentiment. As the cryptocurrency market continues to stabilize, this accumulation serves as a clear signal of confidence in Ethereum’s future potential. Traders and analysts will be watching for any follow-up moves that could further shape the trajectory of the asset.