Ethereum

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<p>With the crypto market hitting the $3.10T market cap, Ethereum's bull run struggles to continue above $3,100. Following the massive surge, the ETH price rally reverses from the overhead trendline.&nbsp;</p>   
<p>Will Ethereum's recovery rally break through critical resistance levels and surpass $3,000 before December? Read our latest Ethereum price analysis to find out!</p>   
<h2 class="wp-block-heading" id="h-ethereum-eth-price-analysis">Ethereum (ETH) Price Analysis</h2>   
<p>In the daily chart, the Ethereum (ETH) price trend shows a channel breakout rally, demonstrating a strong upward trajectory. However, over the past seven days, the price of ETH has dropped by 0.90%.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/20191630/yNJxLKnU-1-1024x509.webp" alt="ETH price chart" class="wp-image-382615">
</figure>   
<p><a href="https://www.tradingview.com/x/BJUwwxcD/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>Currently trading at $3,119 with an intraday gain of 0.24%, Ethereum maintains its position above the critical 50% Fibonacci level at $3,103. This indicates sustained bullish sentiment as buyers defend key support levels.</p>   
<h3 class="wp-block-heading" id="strong-technical-indicators-strong"><strong>Technical Indicators:</strong></h3>   
<p><strong>EMA</strong>:&nbsp; The 50-day EMA prepares for a golden crossover with the 200-day EMA.&nbsp;</p>   
<p><strong>RSI</strong>:&nbsp; On the daily chart, the RSI line remains above the midline and edges closer to the overbought zone, reflecting increasing bullish momentum.</p>   
<h2 class="wp-block-heading" id="h-will-eth-price-cross-3-321">Will ETH Price Cross $3,321?</h2>   
<p>The current uptrend signals strong buyer interest, with the potential to test and break above the $3,321 level in the coming sessions. However, if Ethereum faces rejection near the 61.80% Fibonacci level, a pullback to retest the $2,860 zone could occur before another leg higher. Overall, the sentiment remains bullish as long as ETH holds above the $2,800 range.&nbsp;</p>   
<h3 class="wp-block-heading" id="h-key-levels-to-watch">Key Levels to Watch:</h3>   
<ul class="wp-block-list">
  
 <li>Immediate resistance is at $3,321, aligning with the 61.80% Fibonacci level.</li>   
 <li>A breakout rally above $3,321 could reach $4,091.</li>   
 <li>$2,860 (38.20% Fibonacci retracement level and 200-day EMA) acts as a crucial support.</li> 
</ul>   
<p>Wondering if the bull run in ETH will surpass $4,000 in 2024? Find out now in Coinpedia’s well-rounded <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">ETH price prediction</a>!</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732110406917">
  <strong class="schema-faq-question">What is the current price of Ethereum?</strong> 
  <p class="schema-faq-answer">Ethereum is presently changing hands at $3,119, with an intraday gain of 0.24%.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732110408648">
  <strong class="schema-faq-question">Can Ethereum surpass $3,321 in the near term?</strong> 
  <p class="schema-faq-answer">Ethereum has strong bullish momentum, and breaking the $3,321 resistance level could trigger a rally toward $4,091.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732110409077">
  <strong class="schema-faq-question">What are Ethereum's key support levels?</strong> 
  <p class="schema-faq-answer">Ethereum's critical support levels are at $2,860 and $2,800, aligning with the 38.20% Fibonacci retracement and 200-day EMA.</p> 
 </div> 
</div>

Ethereum Price Analysis: Will ETH Price Rally Beyond $3,321 Soon?

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