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Ethereum is in a short-term uptrend channel. Rising trends indicate positive development for the currency and increased buying interest among investors.
Ethereum has broken the floor of a medium to long-term uptrend channel, indicating a weaker initial upward rate.
Ethereum is in a long-term horizontal trend channel. This situation indicates that investors are uncertain and are waiting for forward signals.
Ethereum price approaches $2300: What is the next target for ETH? December 27 current ETH price analysis!
Short-Term ETH Analysis
ETH/USDT
Ethereum is in a short-term uptrend channel. Rising trends indicate positive development for the currency and increased buying interest among investors. The currency is moving within a rectangular formation between the support level of 2184 and the resistance level of 2320. A definitive breakout at one of these levels indicates the currency’s new direction. The currency is between the support of 2170 points and the resistance of 2300 points. A definitive breakout at one of these levels predicts a new direction. Generally, the currency is considered technically positive in the short term.
Medium-Term ETH Analysis
ETH/USDT
Ethereum has broken the floor of a medium to long-term uptrend channel, indicating a weaker initial upward rate. The currency has support at 2100 points and resistance at 2370 points. RSI shows a negative divergence, indicating the risk of a downward reaction. Generally, the currency is considered technically positive in the medium term.
Long-Term ETH Analysis
ETH/USDT
Ethereum is in a long-term horizontal trend channel. This situation indicates that investors are uncertain and are waiting for forward signals. A horizontal breakout is a positive signal, while a downward breakout is a negative signal. The currency is between the support of 1630 points and the resistance of 4800 points. Generally, the currency is considered technically positive in the long term.
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Ethereum Price
The current live Ethereum price is $2,284, and the 24-hour trading volume is $9,510,155,435. Ethereum has gained 1.9% in the last 24 hours. It holds the second position in the current CoinMarketCap ranking, with a live market cap of $268,523,060,455. There are 120,184,348 ETH in circulation, and the maximum supply information is not available.
