Ethereum (ETH) Price Analysis for December 6
Analysis
Price Impact
MedEthereum's price declined by 3% but shows potential for a short-term recovery to $3,050-$3,100 if immediate support holds. conversely, a break below $2,985 could lead to a correction toward $2,800-$2,900. mid-term indicates sideways trading due to falling volume.
Trustworthiness
MedThe analysis uses standard technical indicators (support, resistance, volume) and offers conditional predictions. however, it's a general market analysis without specific fundamental drivers and comes with a strong disclaimer about financial advice.
Price Direction
NeutralMixed signals across timeframes. hourly suggests a slight upward move, but a breakdown of key levels on a bigger timeframe could lead to further decline. midterm view points to consolidation between $2,800 and $3,200, indicating no clear dominance from either bulls or bears currently.
Time Effect
ShortImmediate price movements are anticipated based on hourly and bigger timeframe chart patterns. potential breakouts or breakdowns of support/resistance levels are expected in the short term, leading to quick shifts in direction.
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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 Almost all coins from the top 10 list are in the red zone today, according to CoinStats . Advertisement ETH chart by CoinStats ETH/USD The price of Ethereum (ETH) has declined by 3% since yesterday. Image by TradingView On the hourly chart, the rate of ETH is rising after setting a local support of $3,013. If the daily candle closes around the resistance, there is a high chance to see a level breakout, followed by a further upward move to the $3,050-$3,100 range. Image by TradingView On the bigger time frame, one should focus on the interim level of $2,985. If a breakout happens, the accumulated energy might be enough for a continued correction to the $2,800-$2,900 area. Image by TradingView From the midterm point of view, neither side is dominating as the price of the main altcoin is far from the key levels. Such a statement is also confirmed by the falling volume. You Might Also Like Fri, 12/05/2025 - 15:50 Bitcoin (BTC) Price Analysis for December 5 By Denys Serhiichuk In this case, sideways trading in the range of $2,800-$3,200 is the more likely scenario. Ethereum is trading at $3,034 at press time. #Ethereum Price Prediction