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ETH Price Analysis December 2022

ETH Price Analysis December 2022

ETH is a token of the platform Ethereum. Its  current price  is around $1,259.50 at the time of writing, with a low of $896.11, and it has a market cap of 154 billion dollars.



What is Ethereum (ETH)?



ETH is the coin of the Ethereum platform , which is around $1,259.50 at the time of writing, with a low of $896.11. It reached a high of $4,482.31, and its current ranking is #2, according to CoinMarketCap, with a market cap of 154 billion dollars.



 Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts. Participants in Ethereum, such as validators, can earn ETH for their contributions.




BUY ETH




ETH Coin Market Analysis 



ETH has a total supply of 122,373,866 coins worth around $1,259.50 with a market volume of 6 billion dollars, whereas the market capitalization is 154 billion dollars at writing. Despite a tick upward today, bears are trying to seize the initiative and break the $1,300. If it falls below this level, the buyers will likely not extend their gains further up.



Ether is up on average, about 20% from the last three weeks since it made a double bottom in the $1,080 area. But ETH is still recovering from losses caused by the FTX collapse. Now that it’s December and investors are starting to talk about “Santa rallies”, people hoping for a recovery in risk assets will be watching Ethereum to see if it manages to do so.



ETH Crypto Price Prediction



In the 4H timeframe, the price action of $ETH/USDT is trying to break its horizontal resistance zone. Currently, the price is getting rejected from the strong horizontal resistance zone. A downward movement is expected from here.



For any time, on-demand analysis on $ETH or any other coin can join our  Telegram channel.



ETH Price Analysis



Closing Thoughts



Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Research before investing.


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