Ethereum: the possibilities to $3000

Ethereum was bullish last day on a shorter timeframe but the volume wasn’t enough to break above the resistance.

 Ethereum price today is $3,823.44 USD with a 24-hour trading volume of $13,016,704,862 USD. Ethereum is down 0.18% in the last 24 hours, with market cap of $455,063,180,539 USD. It has a circulating supply of 119,019,286 ETH coins. 

Source: Tradingview

Ethereum: Analysis

From the current price level of Ethereum to $4000, there is a high-value area that has turned resistance for now. Ethereum needs a major price rally to clear above. However, when it comes to support level, unfortunately, there is no significant support but at $3,000. The local support level is at $3476, the bottom of December 04. 

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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