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An upside break above the $4,080 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,150 resistance zone or even $4,220. More Losses In ETH? If Ethereum fails to clear the $4,000 resistance, it could start another decline. Initial support on the downside is near the $3,920 level. The first major support sits near the $3,880 zone. A clear move below the $3,880 support might push the price toward the $3,840 support. Any more losses might send the price toward the $3,770 support level in the near term. The next key support sits at $3,650. Technical Indicators Hourly MACD â The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI â The RSI for ETH/USD is now below the 50 zone. Major Support Level â $3,920 Major Resistance Level â $3,980
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#ETHđ„đ„đ„đ„ Ethereum Price Struggles Beyond $4K: Will the Bulls Return? Ethereum price corrected gains from the $4,080 resistance zone. ETH is now trading below $4,000 and showing some bearish signs. Ethereum started a downside correction from the $4,093 high.The price is trading above $3,920 and the 100-hourly Simple Moving Average.There was a break below a key bullish trend line with support at $3,965 on the hourly chart of ETH/USD (data feed via Kraken).The pair could start a fresh increase if it stays above the $3,840 support zone. Ethereum Price Corrects Some Gains Ethereum price remained well-bid above the $3,750 support zone. ETH formed a base and started a fresh increase above $3,920 beating Bitcoin. The bulls were able to push the price above the $4,000 resistance. The price tested the $4,080 resistance. A high was formed at $4,093 and the price started a downside correction. There was a move below the $4,050 and $4,000 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,680 swing low to the $4,093 high. Besides, there was a break below a key bullish trend line with support at $3,965 on the hourly chart of ETH/USD. Ethereum price is now trading above $3,920 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,960 level. The first major resistance is near the $3,980 level. The main resistance is now forming near $4,000. A clear move above the $4,000 resistance might send the price toward the $4,080 resistance.
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Amazon Faces Shareholder Call to Add Bitcoin to Balance Sheet Amazon shareholders are calling on the company to invest at least 5% of its assets in Bitcoin through a proposal from the National Center for Public Policy Research (NCPPR). , which pointed out Bitcoinâs superior performance over corporate bonds and referencing similar investments by companies like MicroStrategy and Tesla. The think tankâs letter criticizes the Consumer Price Index (CPI), which shows a 4.95% inflation rate, as an unreliable measure of currency debasement. It argues the true inflation rate could be twice as high. Further, the letter warned that this undermines Amazonâs $88b in cash and short-term assets. To protect shareholder value, it recommended using Bitcoin as a hedge against inflation. The National Center for Public Policy Research has submitted the attached shareholder proposal to , Inc. for consideration at the 2025 annual shareholder meeting. Shareholders request that the Board assess adding to the Companyâs Treasury â Tim Kotzman (@TimKotzman) âAmazon should â and perhaps has a fiduciary duty to â consider adding assets to its treasury that appreciate more than bonds, even if those assets are more volatile shortterm,â the National Center for Public Policy Research wrote.Microsoft Rejects Bitcoin Investment Push The NCPPRâs proposal aligns with a broader push for institutional Bitcoin adoption. In October, it urged Microsoft to invest in Bitcoin through a similar letter. However, Microsoft advised shareholders to reject it, stating management already evaluates such matters. The proposal will be discussed this week at Microsoftâs annual meeting on Dec. 10.Amazon Invests in Blockchain, But Has So Far Avoided Crypto Meanwhile, Amazon has not confirmed plans to hold cryptocurrency on its balance sheet. However, it offers a managed blockchain service through Amazon Web Services and has posted job listings for digital currency and blockchain experts. Despite this, Amazon still does not accept cryptocurrency as payment on its shopping platform.
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Ethereumâs chart signals to traders that a new high could hit next week Etherâs price is forming âstructural changes,â indicating that a big move may be on the horizon. Some crypto commentators say it may retest its all-time high within the next seven days. Bankless podcast host Ryan Adams said in a Dec. 9 X post that a new Ether ETHUSD all-time high âcould happenâ within the next week. Etherâs current all-time high is $4,878, reached in November 2021. Ether traders to closely watch seven-day timeline If ETH were to hit a new high in the next seven days, it would need a 24% weekly gain from its current price of $3,946, according to CoinMarketCap.
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Ethereumâs chart signals to traders that a new high could hit next week
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