The post Ethereum Price Prediction (Dec 2nd 2024) appeared first on Coinpedia Fintech News
With the broader market paying attention to the XRP price rally as it crossed above the Solana and USDT in terms of market cap, the Ethereum price is struggling to sustain a bull run.
Further, the intraday drop of 2.54% brings the Ethereum price closer to the $3600 psychological support. With its market cap hinging at $435 billion, will Ethereum crash and lose to the XRP rally? Let’s find out in this Ethereum price prediction.
Ethereum Price Analysis
In the 4H chart, the ETH price action showcases a broadening wedge, showcasing a massive rising channel pattern at play. However, the higher-high formation in the bullish channel fails to surpass the critical resistance at $3,750, resulting in a bearish turnaround with a dome-shaped reversal.
Tradingview
The ETH price is now back at $3,615. The intraday pullback comes with a higher price action from the R1 pivot resistance level
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