- 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
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
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
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.
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.
