CandleFocus Ethereum (ETH) Bulls Eye Another Shot at $4K
2024-12-18
Author: Content Editor
The crypto market has experienced a 3.06% decrease in market cap over the past 24 hours. Bitcoin's price went from $109K to $104K, while Ethereum failed to stay above $4K and is currently trading at $3,858. Analysts believe Ethereum could potentially reach $4.5K and even $5K. However, if the current trend continues, Ethereum may experience a downtrend towards $3,728 and $3.5K. Technical indicators, such as the MACD and CMF, suggest a potential downward correction and minimal positive money flow. Ethereum's current market sentiment is considered neutral.
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