Ethereum (ETH) Price Analysis for December 4
Analysis
Price Impact
MedEthereum saw a 3.77% gain, but is currently struggling to fix above the $3,230 level. failure to sustain this level could lead to a decline to the $3,100 range, while a strong weekly close above $3,233 could signal a move towards $3,300-$3,400.
Trustworthiness
MedThe analysis relies on technical chart patterns, identifying key support and resistance levels on hourly, daily, and weekly timeframes.
Price Direction
NeutralThe price direction is currently neutral, as there are conflicting signals. a failure to hold above $3,230 suggests bearish potential towards $3,100, while a successful close above $3,233 on the weekly chart indicates bullish momentum towards $3,300-$3,400.
Time Effect
ShortThe analysis focuses on immediate price movements, hourly and daily chart closures, and projections for the 'end of the week,' indicating a short-term outlook.
Original Article:
Article Content:
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 The market is mainly green today, according to CoinStats . Advertisement ETH chart by CoinStats ETH/USD Ethereum (ETH) is one of the biggest gainers today, rising by 3.77%. Image by TradingView On the hourly chart, the rate of ETH might have set a local support of $3.158. If the daily bar closes near that mark, the decline is likely to continue to the $3,100 range. Image by TradingView On the longer time frame, the price of the main altcoin has once again failed to fix above the $3,230 level. You Might Also Like Tue, 12/02/2025 - 16:09 SHIB Price Analysis for December 2 By Denys Serhiichuk If the candle closes far from that mark, bears may seize the initiative, which may lead to a test of the $3,100 zone by the end of the week. Image by TradingView From the midterm point of view, one should focus on the weekly bar's closure in terms of the $3,233 level. If bulls can hold the gained initiative and the candle closes around that mark, or above, the accumulated energy might be enough for a continued upward move to the $3,300-$3,400 range. Ethereum is trading at $3,155 at press time. #Ethereum Price Prediction