Ethereum

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Buyers are trying to restore the lost initiative, according to <a href="https://u.today/bitcoin-btc-price-prediction-for-december-20">CoinMarketCap</a>.
<img src="https://u.today/sites/default/files/inline-images/top10_1543.png" data-entity-uuid="ba36bc57-5a99-4c2d-89fb-47471f435873" data-entity-type="file" data-caption="Top coins by <a href=&quot;https://coinmarketcap.com/&quot;>CoinMarketCap</a>">
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The rate of Ethereum (ETH) has dropped by 6.58% over the last 24 hours.
<img src="https://u.today/sites/default/files/inline-images/eth1_144.png" data-entity-uuid="73fe5c25-ead6-4a1d-ae89-5f59251f3de2" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ETHUSDT&quot;>TradingView</a>">
On the hourly chart, the price of ETH is approaching the local support of $3,393. If a breakout happens, the correction may continue to the $3,300 range shortly.
<img src="https://u.today/sites/default/files/inline-images/eth2_151.png" data-entity-uuid="f2272f7c-a2f1-488f-ad57-aab0e0da8a96" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ETHUSDT&quot;>TradingView</a>">
On the bigger time frame, bulls have failed to keep yesterday's growth. If today's bar closes around the current prices or below, there is a chance of a test of the support level of $3,252 by the end of the week.
<img src="https://u.today/sites/default/files/inline-images/eth3_138.png" data-entity-uuid="06646629-e51b-4a49-b46e-c8dc9ab96489" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ETHUSDT&quot;>TradingView</a>">
From the midterm point of view, one should focus on the weekly candle closure.
If it happens near $3,200, traders may witness an ongoing decline the upcoming week.
Ethereum is trading at $3,406 at press time. <a href="https://u.today/ethereum-eth-price-prediction-for-december-21">Read original article on U.Today</a>

Ethereum (ETH) Price Prediction for December 21

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