Ethereum

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   Dec 26, 2023 at 09:47 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/852/900_900_1/cdk6vpd5qp4ela081c5bnepsi8ce5jg2.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of Ethereum (ETH) has remained in the bullish trend zone after its failure at the overhead resistance of $2,400.<br> </strong></p>
 <h2 style="text-align: justify;" id="long-term-analysis-of-the-ethereum-price-bullish">Long-term analysis of the Ethereum price: bullish</h2>
 <p style="text-align: justify;">The largest altcoin has maintained its position above the moving average lines. The current upswing will end if the moving average lines are broken. Since December 14, resistance at $2,300 has halted the upward movement. Buyers have failed three times to keep the price above the $2,300 high. Yesterday, Ether fell back above the 21-day SMA but is now resuming its uptrend.&nbsp;</p>
 <p style="text-align: justify;">The largest altcoin is currently trading between the 21-day SMA and the resistance level of $2,300. Ether could see a price breakout or breakout if the current price range holds. A breakout would propel Ether to a high of $2,400. On the other hand, a breakout would propel Ether above the 50-day SMA (Simple Moving Average) or the $2,100 support level.At the time of writing, Ether price was trading at $2,282.90.</p>
 <h2 style="text-align: justify;" id="analysis-of-the-ethereum-indicators">Analysis of the Ethereum&nbsp; indicators</h2>
 <p style="text-align: justify;">Ether price has retested the 21-day simple moving average three times as bulls bought declines. The price has dropped below the 21-day SMA on the 4-hour chart but is in between the moving average lines. This suggests that Ether will remain in the range defined by the moving average lines.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators:</h3>
 <p style="text-align: justify;"><b>Key resistance levels – $2,200 and $2,400</b><br> <b> Key support levels – $1,800 and $1,600</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="ETHUSD_(Daily Chart) – Dec.25.png" src="https://cdn.thebittimes.com/images/2023/12/26/a5f9eb5211e6430a802272b046268160.webp" height="551" title="ETHUSD_(Daily Chart) – Dec.25, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-direction-for-ethereum">What is the next direction for Ethereum?</h2>
 <p style="text-align: justify;">Ether is moving sideways on the 4-hour chart. The resistance at $2,300 has stopped the upward movement. ETH/USD can now only be traded between $2,150 and $2,300. Ether has not managed to break through the resistance level of $2,300 since December 14. However, a breakout above the current high is imminent.</p>
 <p style="text-align: justify;"><img width="1024" alt="ETHUSD_(4-hour Chart) – Dec.25.png" src="https://cdn.thebittimes.com/images/2023/12/26/97dc515dc7c17cd7125026eed2c0b31d.webp" height="551" title="ETHUSD_(4-hour Chart) – Dec.25, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do the research before investing in funds.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-stops-at-2-300-as-it-faces-a-collapse-or-breakout-tbt74807.html">https://thebittimes.com/ethereum-stops-at-2-300-as-it-faces-a-collapse-or-breakout-tbt74807.html</a></p>

Ethereum Stops At $2,300 As It Faces A Collapse Or Breakout

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