As Bitcoin remains stagnant at nearly $96k, the bullish trend in the Ethereum $ETH price halts slightly above $3600. Struggling to pick up pace, the ETH price trend consolidates between 20 and 50 EMA lines in the 4-hour chart.

Based on the current price action, a breakout of either EMA line will determine the upcoming trend. Let's find out more in this Ethereum price prediction.

Ethereum Price Analysis

On the 4-hour chart, ETH price action reveals a rising channel pattern. The support trendline is in confluence with the 100 EMA line of the 4-hour chart.

Despite the quick bullish movements in the rising channel, the ETH price failed to breach the critical resistance at $3,750. This has led to the ongoing bearish reversal characterized by a dome-shaped pattern.

The Ethereum Price had retraced to $3556 last night to test the 100 EMA line and the local support trendline. The price is currently preparing its bullish turnaround in the 4-hour chart. Further, the recovery run is now challenging the 20 EMA line.

Technical Indicators:

MACD: The MACD and signal lines are in a bearish alignment. However, the declining bearish histograms reflect the average line closing the gap and teasing a bullish crossover.

Ethereum Spot ETFs Net $24.23M on December 2

Ethereum spot ETFs recorded a total net inflow of $24.23 million on December 2, marking six consecutive days of positive inflows. BlackRock’s Ethereum ETF (ETHA) led the pack with a single-day net inflow of $55.92 million, followed by Fidelity’s ETF (FETH) with $19.9 million.

The total net asset value of Ethereum spot ETFs now stands at an impressive $11.13 billion, reflecting growing investor confidence and interest in Ethereum.

Will Ethereum Price Hit $4,000?

In the next 24 hours, the Ethereum Price trend faces a decisive moment near the $3,550 support level. A bounce from this level could ignite a sharp V-shaped recovery, targeting the $3,759 resistance and reigniting bullish momentum.

The U.S. trading session will play a pivotal role, with increased trading volumes and positive sentiment needed to fuel an uptrend. Conversely, failure to hold support could lower the Ethereum Price, potentially retesting $3,382 if sideways action persists.

However, a market-wide recovery could see the Ethereum Price break above $3,750. This will set the stage for a rally toward $4,064.
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Ethereum ($ETH ) has been on a rollercoaster ride, surging through price levels and setting new highs. However, the most recent price action suggests that a significant pullback may be on the horizon. This isn’t just speculation—it’s backed by solid technical analysis and historical patterns that show the market’s behavior when filling Fair Value Gaps (FVGs). Let’s dive deeper into why ETH may revisit the $2,400–$2,600 range, backed by evidence from the daily chart and key indicators. 📉🧩

The Power of the Daily Chart Analysis 🔍

As a dedicated trader, I rely on the daily chart for a comprehensive analysis. This timeframe allows for better recognition of long-term trends and price patterns that are often overlooked in shorter timeframes. For ETH, this means seeing the macro movements and potential retracement zones that can signify a larger shift in the market sentiment. 🌐

The daily chart is essential for understanding the broader context, including areas where supply and demand interact to create pivotal market turning points. One such area is the Fair Value Gap (FVG), an unfilled space that traders watch like hawks. It’s a prime indicator of where the market may return to rebalance itself, and Ethereum’s chart has left a significant one that could dictate the next move. ⚠️

Fair Value Gap: The Market's Unfinished Business 🔄

A Fair Value Gap (FVG) appears when price rapidly moves from one level to another, creating a void where there was minimal trading activity. In the context of Ethereum, a gap formed between $2,400 and $2,600 after a swift upward move. This gap left behind unfilled buy and sell orders, and it is a natural area for price to return to, as the market attempts to complete its “unfinished business.” 🛒💼

📅 Historical Example: March 13, 2023
On March 13, 2023, Ethereum’s price moved rapidly down, creating a significant FVG below it. By September 11, 2023, ETH had returned to fill this gap, which allowed for a subsequent upward rally to reach higher price points, surpassing the $4,000 mark. This historical event was not an isolated one. The pattern of market retracement to fill gaps and then surge has been evident in multiple instances across different timeframes. 📈💥

Why Is This Evidence Crucial? 🤔

The market's behavior is never random—it follows certain rules. One such rule is that unfilled FVGs act as magnets, drawing price back toward them. By analyzing ETH’s past reactions to similar patterns, we can predict the likelihood of it filling the current FVG between $2,400 and $2,600 before any potential upward movement.

Other Supporting Evidence:

Supply Zone Resistance: The recent price action near $3,800 shows strong resistance. This is where sellers are actively entering, creating a supply zone that could push the market lower.
Volume Analysis: Lower trading volumes near the recent highs indicate that the upward momentum may not be as strong, hinting at a potential reversal.
Moving Averages: The 50-day and 200-day moving averages are showing signs of divergence, a typical precursor to a pullback. This technical indicator confirms that momentum may be slowing down, supporting a retracement.

The Psychology of the Market 🧠

Understanding market psychology is key to grasping why traders react in certain ways. When price approaches an unfilled FVG, traders might anticipate a pullback and start placing sell orders, expecting a correction. This collective behavior increases the chances that the price will indeed move to fill the gap before any significant rally. 🏦🔄

What Happens After the Pullback? 🚀

If Ethereum does retrace to the FVG, filling this gap could provide a solid base for a renewed uptrend. Historically, once a gap is filled, price action often experiences a bullish phase as the market’s liquidity has been rebalanced, creating a foundation for a stronger push upward.

Key Point: Once the FVG is filled, and if demand outweighs supply, Ethereum could soar past its previous resistance levels, potentially reaching new highs above $4,000. 🌟💪

Strategies for Traders and Investors 💡

For Short-Term Traders: Consider shorting Ethereum if it starts moving down toward the FVG range. Watch for confirmation with candlestick patterns like Doji or Hammer to signal the potential reversal.
For Long-Term Investors: Use the potential pullback to accumulate ETH at a lower price. A dip into the FVG zone could offer a strategic entry point for those looking at a longer-term bullish outlook. 🚀

Final Thoughts: The Power of Technical Analysis 🔎

This analysis isn’t just theoretical—it’s based on proven market behavior that has been consistent over time. Ethereum’s potential pullback to fill the FVG between $2,400–$2,600 is supported by historical data, daily chart patterns, and other technical indicators. Understanding these patterns can make the difference between falling into market traps and making informed decisions. ⚡

💬 Your Turn: What Do You Think?

Do you believe Ethereum will follow this pattern and revisit the $2,400–$2,600 range? How do you approach analyzing market gaps in your trades? Share your thoughts below! 👇

🔥 Tags:

#etherreum #ETHOnTheRise #ETHDOWN #ANALYSIS

Disclaimer 🛡️

This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research and consult with a financial advisor before making investment decisions. 📚💼

😍 Big moves are happening in the $ETH market! Over the past few days, Ethereum has captured investors’ attention with a surge in activity, substantial investments, and the potential for a record-breaking rally. 👽

🏅 Here's what you need to know:
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📊 Key Highlights
1. $1.2 Billion ETH Purchased by Investors
In the past 5 days, exchanges sold a whopping $1.2 billion worth of Ethereum to eager investors.This surge reflects growing confidence in ETH’s long-term potential.
2. Record-Breaking Investment Flows in 2024
Ethereum investment products hit $2.2 billion in net inflows this year, shattering previous records.Just last week, $634 million flowed into Ethereum investment products alone, according to CoinShares.
3. Strong Spot ETF Inflows
Coinglass data reveals $24.2 million in Ethereum ETF inflows on December 2, marking six consecutive days of positive momentum.
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📈 $ETH Price Action: What’s Driving the Surge?
Current Price: Ethereum is trading at $3,570, with liquidations hitting $49.13 million in the last 24 hours.Long positions: $37.62 million liquidated.Short positions: $11.52 million liquidated.Technical Patterns:Ethereum is forming a rounded bottom pattern, a bullish signal. If ETH sustains this trend, experts predict a potential 35% rally, targeting its all-time high of $4,868.Crucial Levels to Watch:Support: $3,578 and $3,410.Resistance: Falling trendline above $3,578.
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🌟 What’s Fueling Investor Confidence?
1. Declining Exchange Reserves:
Since November 28, Ethereum’s Exchange Reserve—a measure of ETH held on exchanges—has steadily decreased. This indicates investors are withdrawing their ETH, often a sign of long-term holding strategies.
2. Vitalik Buterin’s Vision:
Ethereum co-founder Vitalik Buterin emphasized the need for wallet developers to enhance cross-layer transaction security, privacy, and user experience.In his words:"A user only benefits from Ethereum’s decentralization, security, and privacy to the extent that their wallet also embodies these properties."
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💡 The Road to $5,000: Can ETH Make It?
To reach its all-time high, Ethereum needs to overcome key resistance levels and maintain strong investor momentum. Here’s why optimism remains high:Strong institutional inflows demonstrate growing trust in Ethereum as a valuable asset.The rounded bottom pattern historically signals bullish trends, hinting at a potential $5,000 breakout.Ethereum’s evolving ecosystem, backed by technical innovations and Buterin’s vision, continues to draw in investors.---⚡ Quick Recap$ETH is trading at $3,570 and eyeing a 35% rally to its all-time high.$1.2 billion worth of ETH was scooped up by investors in just five days.Ethereum investment products have already hit $2.2 billion in net inflows for 2024, breaking all records.
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🥶 Will Ethereum soar to $5,000? The signs are promising, but the journey depends on maintaining bullish momentum. Keep an eye on those charts, and let’s see how high ETH can fly! 💹💎
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