Forecast $ETH : will there be a new test of $4,000 in December

The price of Ethereum is currently between resistance at $3,987 and support at $3,763. If it breaks through resistance, ETH could rise to $4,100 and then aim for new highs around $4,800 or $4,900.

These levels are important targets for continued growth if buyers regain control.

However, the EMA lines are converging, which may warn of potential weakness in the trend. Combined with the 7D MVRV, which also indicates a possible correction, this could put downward pressure on the price.

If the short-term EMA crosses the long-term EMA from top to bottom, it will be a bearish signal. In this case, Ethereum may test support at $3,500. If this level does not hold, the coin risks dropping to $3,256.$XRP $USUAL #2024withBinance