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  • bitcoinBitcoin (BTC) $ 22,810.00 0.53%
  • ethereumEthereum (ETH) $ 1,640.75 0.61%
  • tetherTether (USDT) $ 1.00 0.18%
  • bnbBNB (BNB) $ 325.47 0.67%
  • usd-coinUSD Coin (USDC) $ 1.00 0.32%
  • xrpXRP (XRP) $ 0.396762 0.64%
  • binance-usdBinance USD (BUSD) $ 1.00 0.19%
  • cardanoCardano (ADA) $ 0.388634 0.67%
  • dogecoinDogecoin (DOGE) $ 0.089808 0.85%
  • matic-networkPolygon (MATIC) $ 1.27 3.19%
  • okbOKB (OKB) $ 43.57 0.47%
  • solanaSolana (SOL) $ 22.97 0.07%
  • staked-etherLido Staked Ether (STETH) $ 1,637.59 0.73%
  • shiba-inuShiba Inu (SHIB) $ 0.000014 2.15%
  • polkadotPolkadot (DOT) $ 6.67 0.08%
  • litecoinLitecoin (LTC) $ 97.53 1.01%
  • avalanche-2Avalanche (AVAX) $ 19.83 0.69%
  • tronTRON (TRX) $ 0.066155 2.25%
  • daiDai (DAI) $ 1.00 0.1%
  • uniswapUniswap (UNI) $ 6.65 1.55%
  • cosmosCosmos Hub (ATOM) $ 14.69 1.47%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 22,808.00 0.38%
  • chainlinkChainlink (LINK) $ 7.01 0.55%
  • the-open-networkToncoin (TON) $ 2.27 3.03%
  • leo-tokenLEO Token (LEO) $ 3.39 1.03%
  • ethereum-classicEthereum Classic (ETC) $ 22.32 0.04%
  • moneroMonero (XMR) $ 164.07 1.89%
  • bitcoin-cashBitcoin Cash (BCH) $ 131.40 1.65%
  • aptosAptos (APT) $ 14.92 3.21%
  • stellarStellar (XLM) $ 0.090326 0.41%
  • nearNEAR Protocol (NEAR) $ 2.60 11.54%
  • apecoinApeCoin (APE) $ 5.71 1.7%
  • crypto-com-chainCronos (CRO) $ 0.082841 2.75%
  • filecoinFilecoin (FIL) $ 5.37 0.42%
  • lido-daoLido DAO (LDO) $ 2.36 6.04%
  • algorandAlgorand (ALGO) $ 0.279005 1.39%
  • quant-networkQuant (QNT) $ 137.96 0.41%
  • hedera-hashgraphHedera (HBAR) $ 0.073244 0.63%
  • vechainVeChain (VET) $ 0.025270 2.73%
  • internet-computerInternet Computer (ICP) $ 5.67 0.53%
  • the-graphThe Graph (GRT) $ 0.174041 3.53%
  • fantomFantom (FTM) $ 0.521968 5.15%
  • the-sandboxThe Sandbox (SAND) $ 0.822869 14.91%
  • decentralandDecentraland (MANA) $ 0.746295 3.01%
  • axie-infinityAxie Infinity (AXS) $ 11.47 4.88%
  • aaveAave (AAVE) $ 85.51 0.41%
  • flowFlow (FLOW) $ 1.16 5.07%
  • eosEOS (EOS) $ 1.08 1.13%
  • elrond-erd-2MultiversX (EGLD) $ 45.64 0.26%
  • theta-tokenTheta Network (THETA) $ 1.12 2.35%

Ethereum (ETH) Price Analysis for December 3

Ethereum
By Bitcoin News


The cryptocurrency market is currently neutral as neither buyers nor sellers are controlling the situation.

Top 10 coins by CoinMarketCap

ETH/USD

Ethereum (ETH) is looking worse than Bitcoin (BTC), going down by 0.35% since yesterday.

ETH/USD chart by TradingView

After the false breakout of the local support level at $1,267, the price of Ethereum (ETH) remains weak, which means that there is a high chance to see a retest.

If that happens, the fall may continue to the $1,250 zone.

ETH/USD chart by TradingView

The situation is similar on the daily chart, as Ethereum (ETH) is about to close below yesterday’s low at $1,264. In this regard, there is a high probability to see a decline to the closest support at $1,233. Such a scenario is relevant until the end of the upcoming week.

ETH/USD chart by TradingView

The weekly time frame gives traders hope for midterm growth. It can only occur if the bar closes near the $1,290 mark or above. All in all, the strength might be enough for a price blast to the $1,350-$1,400 area. Thus, the selling volume is low, confirming bears’ weakness.

Ethereum is trading at $1,271 at press time.

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Read More: Ethereum (ETH) Price Analysis for December 3

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