The price of Ethereum (ETH) has risen by over 3% in the past 24 hours, indicating a potential recovery as the year comes to a close. While other cryptocurrencies like Solana and Bitcoin reached new all-time highs in 2024, ETH fell short of this milestone. Key indicators such as the Relative Strength Index (RSI) and the Directional Movement Index (DMI) suggest that bullish momentum is building for ETH. The RSI, currently at 56.2, shows a steady recovery from oversold conditions, indicating a neutral-to-slightly-bullish zone. The DMI chart also shows buying pressure beginning to dominate over selling pressure, but the weak trend strength suggests that the uptrend is not yet firmly established. If a strong uptrend does emerge, ETH could test resistance at $3,523, with potential further gains up to $3,827 and $3,987. However, if the current momentum fails to establish a strong uptrend, ETH may revisit support at $3,300, with the possibility of further declines to $3,218 and $3,096.



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