Ethereum Price Prediction December 26

The Ethereum price prediction shows that ETH is approaching a critical support level. Ethereum must remain above $4000.

Market ETH/USD

Key Levels:

Resistance levels: $4500 - $4700 - $4900

Support levels: $3700, $3500, $3300

The ETH/USD pair is currently hovering around $4081 after a 0.38% drop following the daily high of $4105. The Ethereum price has not seen any significant pullbacks, as the coin could use the 21-day moving mean for support if necessary. The most important move for Ethereum is to break above $4200 resistance, which could be a major resistance level.

Ethereum Price Prediction: Will Ethereum Break Below the Moving Averages

The daily chart shows that Ethereum prices remain above the 9-day, 21-day moving averages. However, the daily low of $4000 could give buyers trouble. A break below this support level could cause ETH/USD to fall below the channel's lower boundary before reaching critical supports at $3700 and $3500 respectively.

If the signal line falls below the 50-level, then the Relative Strength Index (14) may confirm the bearish trend. The channel may be broken below ETH/USD until the market finds a level that will support the uptrend. The resistance level could be at $4200, while potential resistance levels at $4500 and $4700 are possible.

The Ethereum price is clearly moving against the BTC at the time this article was written. Sellers are still threatening buyers by causing a slide towards the channel's lower boundary, where the nearest support level is. A break below this barrier could lead to the coin's collapse.

A continuation of the downtrend may touch the critical support at 7500 SAT or below, as the Relative Strength Index (14) will likely remain below 50-level. If the market is facing the upside, buyers could push it above the moving averages to reach the potential resistance at 8700 SAT or higher.

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By: Azeez Mustapha
Title: Ethereum Price Prediction: ETH/USD May Slide Below $4000
Sourced From: insidebitcoins.com/news/ethereum-price-prediction-eth-usd-may-slide-below-4000
Published Date: Sun, 26 Dec 2021 21:11:28 +0000