If Ethereum ($ETH ) closes below $3,330 and fails to surpass the $3,454 weekly resistance, it may face a downward correction, potentially revisiting the $3,000 support level.
On the four-hour chart, ETH maintains a bullish outlook. The 50-day moving average continues to climb, signaling strong short-term momentum. Additionally, the 200-day moving average has been on an upward trajectory since November 23, 2024, reinforcing a positive long-term trend.
To January 2025 predictions indicate a potential peak price of $3,587.93 and a possible low of $2,591.74, with the average price likely to settle around $3,089.84.
