Ethereum

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The <a href="https://u.today/binance-coin-bnb-price-analysis-for-december-14" rel="noopener noreferrer nofollow">bounce back</a> has not lasted long as most of the coins are again in the red zone. <img data-entity-type="file" data-entity-uuid="e4b688b6-a39b-4438-8e54-9dc565dd84eb" src="https://u.today/sites/default/files/inline-images/top10_831.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The rate of Ethereum (ETH) has fallen by almost 1% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="98d66dbb-f418-4df0-9be8-e68dada03471" src="https://u.today/sites/default/files/inline-images/eth1_101.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of ETH might have set a local support level at $2,243. If the daily bar closes near that mark, there is a chance to see a breakout, followed a further decline to the $2,000 zone. <img data-entity-type="file" data-entity-uuid="af43df3a-9345-413a-b6ba-8405db13810a" src="https://u.today/sites/default/files/inline-images/eth2_106.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
Bulls could not keep the rise going after yesterday's bullish candle. If the situation does not change until the end of the day, the correction may continue to the nearest support level of $2,145.&nbsp; <img data-entity-type="file" data-entity-uuid="6a47a9c8-9d99-424d-ba48-45af35f5a280" src="https://u.today/sites/default/files/inline-images/eth3_97.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly time frame, the rate of ETH might need time to accumulate energy before a further sharp move.&nbsp;
In this case, sideways trading between $2,100-$2,300 is the more likely scenario for the second part of the month.
Ethereum is trading at $2,246 at press time.

Ethereum (ETH) Price Analysis for December 15

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