Ethereum (ETH) Price Technical Analysis - 2024

Ethereum "ETH" candles have rebounded off $2,030 multiple times, which acts as a very strong support line. The ($3,050) mark has also acted as a solid line of support recently. Which has also bounced off back from November 18th and broke above the ($3,225) resistance on November 21st, indicating that the bulls are trying to take charge.

Bulls will retest the ($4,860) zone with momentum once again; if bulls succeed, then ETH will likely see a possible surge to break above the All-Time High of $4,868 going back from 2021.

Another perspective from the chart above will be decided in the near short term if the price turns down and breaks below ($3,000). The price may drop to $2,750, which is an important level for the bulls to defend against the bears.