In comparison to BTC, the ETH price is rising more slowly, which suggests the potential for the asset to reach new annual highs. Since December 1, ETH has appreciated by 9%, currently trading near the price level of $2,265.
Buyers are likely to keep pushing the price up this week. Consequently, a rapid increase in growth could occur, potentially triggering a brief altcoin season. This scenario might unfold if Bitcoin's growth stalls and it enters a period of sideways trading.
A correction in Ethereum's chart, akin to Bitcoin, appears unlikely. Current buyer orders are situated within the support zones of $2,224-$2,240 and $2,182-$2,205. Ethereum's price could also reach $2,160. A significant correction may only start if the asset's price firmly drops below $2,000.
⭐⭐⭐ Sign Up for Free ⭐⭐⭐
1) Download our Mobile App >> link-to.app/dexwirenews
2) Join our Telegram >> t.me/DEXWireNews
3) Sign Up for Text Alerts >>
dexwirenews.com/TEXT
4) Follow @DEXWireNews on Social Media
1) Download our Mobile App >> link-to.app/dexwirenews
2) Join our Telegram >> t.me/DEXWireNews
3) Sign Up for Text Alerts >>
dexwirenews.com/TEXT
4) Follow @DEXWireNews on Social Media
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⭐⭐⭐ Sign Up for Free ⭐⭐⭐
1) Download our Mobile App >> link-to.app/dexwirenews
2) Join our Telegram >> t.me/DEXWireNews
3) Sign Up for Text Alerts >>
dexwirenews.com/TEXT
4) Follow @DEXWireNews on Social Media
1) Download our Mobile App >> link-to.app/dexwirenews
2) Join our Telegram >> t.me/DEXWireNews
3) Sign Up for Text Alerts >>
dexwirenews.com/TEXT
4) Follow @DEXWireNews on Social Media
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.