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Ethereum Price Forecast Update Today 12-12-2024

Ethereum (ETHUSD) price trading is stable above the ascending channel support, reinforcing expectations of the continuation of the upward trend during the upcoming sessions, awaiting a preliminary test of the $4086.00 level, noting that breaching it will push the price towards $4200.00 directly.

The 50 moving average supports the proposed upward wave, which will remain in place provided that it remains above the $3780.00 level.

The expected trading range for today is between the support $3800.00 and the resistance $4070.00

Today's price forecast: High $ETH