$ETH retraced from the 20-day EMA ($3,540) on December 25, and the bears frustrated a recovery attempt on December 27.
ETH could drop to immediate support at $3,200. This is a crucial short-term support level that must be monitored, as if it breaks, the pair could fall to $3,000 and eventually to $2,850. Buyers are expected to strongly defend the $3,000 to $2,850 zone.
Bulls will need to push and maintain the price above the 20-day EMA to suggest that selling pressure is decreasing. The pair is likely to gain momentum above $3,555 and advance towards the formidable resistance at $4,094.
In 2025, we expect the crypto market to grow to yield significant profits for those betting on a bull market; it is important to take profits and have an exit plan.