Ethereum Price Analysis for Today (December 7, 2024)

The current price of Ethereum ($ETH ) is $3987, the price has increased by +2.09% in the last 24 hours. Currently, ETH is available on 91 exchanges, and in the last 24 hours, 9,140,066 ETH coins have been exchanged, totaling $36,439,464,583 in trading volume. $AMP $IQ

Today, Ethereum (ETH) opened at $4000. It has decreased by -0.34% from the opening price. Despite a rally to $4020, Ethereum (ETH) faced resistance and could not maintain momentum to move higher. From the maximum price in the last 30 and 7 days, it has increased by 1.04%, and from the minimum recorded price in the same period, it has increased by 64.56% and 13.36%.

According to our analysis, ETH needs to stay above $3953 to potentially move toward the first important resistance level at $4168. A breakout above $4168 could lead to an increase in ETH to the next resistance level at $4475. The third resistance is at $4655.

If the price drops, the first support level to watch will be $3953. If this level does not hold, further decline to the next support level at $3668 is possible. #2024To2025 #2024withBinance