Ethereum Price Prediction, ETH Price News Today, Technical Analysis, ETH Price Now

🎬 Ethereum Price Prediction, ETH Price News Today, Technical Analysis, ETH Price Now 28 December 2023
📖 Description:
This video discusses the Ethereum ETH technical analysis and short-, medium- and long-term price forecast of Ethereum on weekly, daily and intraday charts based on the current situation as of 28 December 2023.
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Hey guys welcome back to cryptol link Channel and this is another update on ethereum as we’ve expected yesterday ethereum broke through the upper boundary of the descending Channel and moved into the key intraday resistance zone between 2381 $419 with this bullish move today ethereum tested the daily resistance level

2432 which also coincides with the bottom of the weekly resistance Zone 2435 276 called out many many months ago the bullish move in ethereum USD chart came from a combination of a bullish Bitcoin and bearish Bitcoin dominance as we’ve expected yesterday uh we continue to see bearishness in BTC dominance chart um it

Actually rejected the resistance level of 51.86 6 52.34% and moved uh downward right now it is facing some minor support from 51.2% however I do expect to see a continuation of a bearish move into the key zone of Interest it is 15 a half% this bearish move in Bitcoin dominance

Is putting pressure on the Satoshi price of ethereum and as you can see our forecast from yesterday this lines actually from yesterday’s update video worked out perfectly so we broke through the resistance zone of 5, 260,000 5 m 347,000 satosi and uh today’s candle already tested the next resistance Zone around

5,600,000 satosi given the fact that Satoshi price of ethereum in ethereum BTC chart hit the key resistance Zone and uh dollar price of ethereum uh in the ethereum USD daily chart H the daily resistance level 2432 which coincides with the bottom of the key weekly resistance Zone 2435

27006 I do expect ethereum taking a Poe here however price action on ethereum USD chart will depend on the price action on uh Bitcoin as well as what Bitcoin dominance will do next a bearish breakout of the support level of 51.2% will push Bitcoin dominance further down into the 15

Half% uh support Zone and this will put further bearish pressure on the Satoshi price of ethereum and most likely the resistance Zone around 5,600,000 Satoshi will be broken and this will be highly positive again for the dollar price of ethereum and we can see finally ethereum in the region around

$2500 my primary expectation Remains the Same I do expect uh ethereum get into this key weekly resistance zone between $ 2435 27006 and then once we in I do expect to see um price consolidation in the weekly chart for a few weeks before we break through 27006 uh the top of the current

Resistance Zone a bullish breakout of 27006 in the weekly chart will be highly positive for ethereum and in this case the next key weekly resist resistance Zone will be around 3860 4367 obviously on the way to 3860 there will be minor resistances that we will discuss once ethereum will

Break through the resistance Zone 2435 276 for now my attention will be in the intraday chart of ethereum USD and let me share with you uh my thinking what uh can we expect in the 4our chart in the coming days uh coming week so first of all again ethereum hit the key seller

Zone in the inaday chart between 2381 $419 now the um current forour candle is bearish and actually it’s pushing uh down out of this Zone which is normal price action again from this Zone however um if uh the current 4our candle closes as is then it will be a bearish

And go candle and we can expect uh some pullback you know towards the next support level in the 4our chart it is 2328 uh or it can go even a little bit lower to retest the upper boundary of the descending Channel now as long as ethereum is trading on top of the upper

Boundary of the descending Channel and the support level in the inaday chart 2327 we are fine and we can expect a continuation of a bullish move towards $2500 however a bearish breakout of the support level of 2327 and uh the upper boundary of the descending Channel could possibly Place

Ethereum back into the intraday range zone between 2200 and 2283 and as you remember from my updates this is the Zone where we can continue to see some sideways price action in ethereum and we’ve actually just had a 4-Hour candle closure it closed uh bearish and it closed below the resistance level of

2381 which is the bottom of the key resistance Zone 2381 2419 so there is a sort of a higher likelihood of a possible move um uh to the next support level 2327 however this could be a fake out and I just want to make sure that um you

Know we confirm it with the upcoming candle so if it closes bearish as well below this Zone uh then um we are most likely to see uh price hitting this support level in the coming hours Return of the price from the current location back into the resistance zone of 2381

2419 and possible consolidation within this Zone will be considered as a sign of strength and most likely we will uh see soon bullish move towards 2500 resistance level all opinions in this video are my own and not a financial advice in this video I reference Crypt

In price levels that you have to watch on price charts in different time frames therefore I recommend you to update your price charts with these levels and closely monitor the price section I also invite you to check cryptol lin.com where I publish the daily crypto updates and trade setups the link to cryptol

Lin.com you’ll find in the description of this video head over to crypin and sign up to receive daily Crypt updates straight into your mailbox I hope you likeed this video if you did please subscribe to the channel hit the like button and leave the comment below what alt coins you’re interested in

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