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Ethereum is rising since yesterday on a shorter time frame but the uptrend is exhausting due to as a bearish divergence is seen on the chart.
Ethereum price today is $3,826.45 USD with a 24-hour trading volume of $17,928,150,418 USD. Ethereum is up 0.78% in the last 24 hours, with a market cap of $454,386,257,213 USD. It has a circulating supply of 118,748,734 ETH coins.
Ethereum: Analysis
The local resistance of Ethereum above $3800 should push the price down as RSI already marks above 62 at the current price level. Considering this rise a minor pull back the price will start to resume the downtrend breaking the local support level of EMA 100 and 200. The first target for Ethereum below is at fib 0.5 at $3782, the second at 0.236 at $3723. The final target for Ethereum that should act as a support level is at $3669, the bottom of December 13.
