Ethereum (ETH) Price Analysis for December 1
Analysis
Price Impact
HighEthereum (eth) has dropped 7% in the last 24 hours, breaking a local support level. further declines are anticipated if key levels are not held.
Trustworthiness
MedAnalysis is based on technical indicators and support/resistance levels from tradingview charts, but market volatility can quickly alter technical setups.
Price Direction
BearishAfter a false breakout of the $3,071 resistance, eth is currently trading near $2,820 and has broken local support at $2,806. a continued downtrend could lead to tests of $2,750, $2,623, or the $2,600-$2,700 range.
Time Effect
ShortThe analysis focuses on immediate price movements within the day, with potential continuation over the short-to-midterm based on daily candle closes.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News A new week has started with the market decline, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap ETH/USD The price of Ethereum (ETH) has dropped by 7% over the last 24 hours. Image by TradingView On the hourly chart, the rate of ETH is near the local support of $2,806. If a bounce back does not happen until the end of the day, the correction may lead to a level breakout, followed by a test of the $2,750 range. Image by TradingView On the longer time frame, the price of the main altcoin is going down after a false breakout of the $3,071 resistance. You Might Also Like Sun, 11/30/2025 - 16:29 SHIB Price Analysis for November 30 By Denys Serhiichuk If the daily bar closes near $2,800 or below, there is a high chance to witness a further downward move to the support of $2,623. Image by TradingView From the midterm point of view, one should focus on the candle's closure in terms of the $2,788 level. If its breakout happens, the accumulated energy might be enough for a more profound decline to the $2,600-$2,700 range. Ethereum is trading at $2,820 at press time. #Ethereum Price Prediction