CandleFocus

Ethereum (ETH) Price Return to $4,000 Could Be Postponed For Now as Showed By These Metrics

Author: Content Editor
In December, the price of Ethereum (ETH) did not meet expectations of staying above $4,000. However, it has still gained nearly 6% in the past week, indicating some resilience. The Relative Strength Index (RSI) has remained neutral, suggesting a lack of strong momentum, while whale activity has stabilized at high levels. The price of ETH is currently consolidating between $3,523 and $3,220, and its next move will depend on breaking resistance or maintaining support levels. The RSI at 50.21 signifies a balanced market with no strong control from buyers or sellers. The number of addresses holding at least 1,000 ETH has increased, indicating a recovery in large holders' activity. While the stabilization suggests confidence in ETH, the slight decline suggests caution. ETH is currently trading in a range with resistance at $3,523 and support at $3,220. If resistance is broken, higher levels of $3,827 and potentially $3,987 could be targeted. On the other hand, if support fails, the price could drop to $3,096, which is a critical level for potential stabilization.

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