ETH: Poised to Reach December 4th Peak Near 4060
On January 3rd, ETH broke out from a strong resistance zone near 3552, indicating that the accumulation phase has likely ended and ETH has resumed its bullish trend. The support zone is holding well so far, and given the conditions under which the price has increased, we should not see ETH moving down again in the short term.
The first resistance is expected to be found near 3825, and the second, and strongest, resistance zone is near the top of the structure at 4057. This area was last tested on December 4th and previously at the end of May 2024.
You may find more details in the chart!
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