Ethereum is breaking below the ranging zone

What's in this article

Just as predicted last day Ethereum is headed towards over targets, breaking below the ranging zone.

Ethereum price today is $3,746.44 USD with a 24-hour trading volume of $16,429,777,155 USD. Ethereum is up 0.15% in the last 24 hours, with a market cap of $445,647,173,405 USD. It has a circulating supply of 118,952,282 ETH coins.

Source: Tradingview


Ethereum: Analysis

It’s been more than a week since Ethereum is ranging in this zone between $4169 and $3664. Ethereum is currently rising under the pullback effect and as we already have a candle confirming the bearish breakout, Ethereum might drop to its immediate support of December 4 at $3470. However, we have strong resistance at $4169, the upper line of the rectangular region.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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