The post Ethereum (ETH) Price Analysis for December 27 appeared on BitcoinEthereumNews.com. Most of the coins are in the green zone again, according to CoinStatsThe post Ethereum (ETH) Price Analysis for December 27 appeared on BitcoinEthereumNews.com. Most of the coins are in the green zone again, according to CoinStats

Ethereum (ETH) Price Analysis for December 27

Most of the coins are in the green zone again, according to CoinStats.

 ETH chart by CoinStats

ETH/USD

The rate of Ethereum (ETH) has risen by 0.63% over the last day.

Image by TradingView

On the hourly chart, the price of ETH is in the middle of the local channel between the support of $2,921 and the resistance of $2,938. As neither side is dominating, there are low chances to see sharp moves by tomorrow.

Image by TradingView

On the bigger time frame, the situation is similar. The technical position of ETH has not changed a lot since yesterday.

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The volume is low, confirming the absence of buyers’ and sellers’ energy. All in all, sideways trading around the current prices is the more likely scenario until the end of the week.

Image by TradingView

From the midterm point of view, the rate of the main altcoin does not have enough strength for a sharp move. In this case, traders are unlikely to witness sharp ups or downs soon.

Ethereum is trading at $2,928 at press time.

Source: https://u.today/ethereum-eth-price-analysis-for-december-27

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Ethereum Price(ETH)
$2,950.53
$2,950.53$2,950.53
+0.82%
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