{"id":2538,"date":"2024-12-09T14:15:12","date_gmt":"2024-12-09T16:15:12","guid":{"rendered":"https:\/\/criptonizando.com\/en\/?p=2538"},"modified":"2024-12-09T14:15:12","modified_gmt":"2024-12-09T16:15:12","slug":"will-ethereum-eth-price-pullback-in-december-2024","status":"publish","type":"post","link":"https:\/\/criptonizando.com\/en\/news\/will-ethereum-eth-price-pullback-in-december-2024\/","title":{"rendered":"Will Ethereum (ETH) Price Pullback in December 2024?"},"content":{"rendered":"\n<p>The price of Ethereum (ETH) has been on an impressive run in recent months, but technical signs indicate that a correction may be on the way. The asset is currently trading near $3,800, showing signs of resistance in the $4,000 region.<\/p>\n\n\n\n<p>In this analysis, we will explore the key support and resistance levels and what to expect for ETH through the end of 2024.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">ETH Uptrend Shows Signs of Weakening<\/h2>\n\n\n\n<p>On the daily chart, Ethereum has been in a clear uptrend since October, with a cumulative gain of over 45%. However, the recent rejection at the $4,000 region, which coincides with a key resistance level, signals a potential slowdown.<\/p>\n\n\n\n<p>Key resistance for ETH is at the recent high of $4,087.73. This level represents the high of the current move, where sellers have shown strength by pushing the price lower. Above this resistance, $4,300 would be the next target, based on the Fibonacci projection. Therefore, a break above these levels would pave the way for new highs.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1024\" height=\"434\" src=\"https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-15.png\" alt=\"Will Ethereum (ETH) Price Pullback in December 2024?\" class=\"wp-image-2540\" srcset=\"https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-15.png 1024w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-15-300x127.png 300w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-15-768x326.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>On the other hand, the most relevant support is at $3,677, which corresponds to the 38.2% Fibonacci level. This level will act as a crucial point in determining whether Ethereum can sustain its uptrend or enter a sharper correction phase. However, if it loses this level, the next supports are $3,534.28 and $3,418.04.<\/p>\n\n\n\n<p>If ETH loses the support at $3,418.04, the trend could change to bearish, with the next significant support at $3,200.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1024\" height=\"433\" src=\"https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-16.png\" alt=\"Ethereum price action\" class=\"wp-image-2541\" srcset=\"https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-16.png 1024w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-16-300x127.png 300w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-16-768x325.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Ethereum Trading Volume Also Declines<\/h2>\n\n\n\n<p>The daily trading volume showed a decrease during the last upward movement, indicating a possible weakening of the momentum. Furthermore, the increase in volume during bearish days reinforces the pressure from sellers, which could lead to a consolidation or correction in the short term.<\/p>\n\n\n\n<p>To sustain the rally, Ethereum needs an increase in buying volume, especially when it retests the $4,000 resistance.<\/p>\n\n\n\n<p>In addition, the Relative Strength Index (RSI) has retreated from 72.67 to 64.81, corroborating the weakening momentum of the uptrend. A drop in the RSI below 60 could signal a short-term reversal.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1024\" height=\"395\" src=\"https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-17.png\" alt=\"Will Ethereum (ETH) Price Pullback in December 2024?\" class=\"wp-image-2542\" srcset=\"https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-17.png 1024w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-17-300x116.png 300w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-17-768x296.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>If Ethereum manages to break the $4,087.73 resistance with significant volume, it could reach $4,300 and even $4,500. This would indicate strong bullish momentum to close the year at new highs.<\/p>\n\n\n\n<p>If the price fails to overcome the resistance, ETH could consolidate between $3,677 and $3,534.28. Thus, this range would allow for a healthy correction before a new upward attempt.<\/p>\n\n\n\n<p>If sellers dominate and the price breaks the support at $3,418.04, Ethereum could retreat to $3,200, indicating a possible trend reversal in the medium term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of Ethereum (ETH) has been on an impressive run in recent months, but technical signs indicate that a correction may be on the way. The asset is currently trading near $3,800, showing signs of resistance in the $4,000 region. In this analysis, we will explore the key support and resistance levels and what [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":2539,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tpgb_global_settings":"","kia_subtitle":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Will Ethereum (ETH) Price Pullback in December 2024? - Criptonizando<\/title>\n<meta name=\"description\" content=\"Ethereum has seen a significant increase in value in recent months, reaching $4,000. Will the upward trend continue until the end of December?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/criptonizando.com\/en\/news\/will-ethereum-eth-price-pullback-in-december-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will Ethereum (ETH) Price Pullback in December 2024? - Criptonizando\" \/>\n<meta property=\"og:description\" content=\"Ethereum has seen a significant increase in value in recent months, reaching $4,000. Will the upward trend continue until the end of December?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/criptonizando.com\/en\/news\/will-ethereum-eth-price-pullback-in-december-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Criptonizando\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-09T16:15:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-14-1024x585.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"585\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Thiago Barboza\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Thiago Barboza\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/criptonizando.com\/en\/news\/will-ethereum-eth-price-pullback-in-december-2024\/\",\"url\":\"https:\/\/criptonizando.com\/en\/news\/will-ethereum-eth-price-pullback-in-december-2024\/\",\"name\":\"Will Ethereum (ETH) Price Pullback in December 2024? - Criptonizando\",\"isPartOf\":{\"@id\":\"https:\/\/criptonizando.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/criptonizando.com\/en\/news\/will-ethereum-eth-price-pullback-in-december-2024\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/criptonizando.com\/en\/news\/will-ethereum-eth-price-pullback-in-december-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2024\/12\/image-14.png\",\"datePublished\":\"2024-12-09T16:15:12+00:00\",\"dateModified\":\"2024-12-09T16:15:12+00:00\",\"author\":{\"@id\":\"https:\/\/criptonizando.com\/en\/#\/schema\/person\/890609f4dedc0628379cacf36e24a98b\"},\"description\":\"Ethereum has seen a significant increase in value in recent months, reaching $4,000. 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Our \u2018News\u2019 category brings you up-to-date insights, market trends, and breaking stories from the digital finance world.","parent":0,"count":536,"filter":"raw"}],"post_tag":false},"author_name":"Thiago Barboza","author_url":"https:\/\/criptonizando.com\/en\/author\/thiago-barboza\/","author_email":"thiago.barboza@moveup.media","author_website":"","author_description":"Thiago Barboza has a degree in Communication with an emphasis on creative writing from the Federal University of Bahia (UFBA). In 2019, he learned about cryptocurrencies and blockchain, but it was in 2020 that he decided to dive headfirst into the crypto universe. In 2021, he joined the BeInCrypto team, and over the course of 3 years, he has published more than 1,500 articles covering the most diverse sectors of the cryptocurrency, blockchain, and Web3 markets.","author_facebook":"","author_twitter":"","author_instagram":"","author_role":["subscriber"],"author_firstname":"Thiago","author_lastname":"Barboza","user_login":"Thiago Barboza","author_avatar":"<img alt='' src='https:\/\/secure.gravatar.com\/avatar\/89fa6ccd530aecabaed31927afa7e364?s=200&#038;d=mm&#038;r=g' srcset='https:\/\/secure.gravatar.com\/avatar\/89fa6ccd530aecabaed31927afa7e364?s=400&#038;d=mm&#038;r=g 2x' class='avatar avatar-200 photo' height='200' width='200' decoding='async'\/>","author_avatar_url":"https:\/\/secure.gravatar.com\/avatar\/89fa6ccd530aecabaed31927afa7e364?s=96&d=mm&r=g","comment_count":0,"post_likes":0,"post_views":0},"tpgb_post_category":{"category":"<a href=\"https:\/\/criptonizando.com\/en\/news\/\" alt=\"News\" class=\"category-news\">News<\/a> "},"_links":{"self":[{"href":"https:\/\/criptonizando.com\/en\/wp-json\/wp\/v2\/posts\/2538"}],"collection":[{"href":"https:\/\/criptonizando.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/criptonizando.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/criptonizando.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/criptonizando.com\/en\/wp-json\/wp\/v2\/comments?post=2538"}],"version-history":[{"count":1,"href":"https:\/\/criptonizando.com\/en\/wp-json\/wp\/v2\/posts\/2538\/revisions"}],"predecessor-version":[{"id":2543,"href":"https:\/\/criptonizando.com\/en\/wp-json\/wp\/v2\/posts\/2538\/revisions\/2543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/criptonizando.com\/en\/wp-json\/wp\/v2\/media\/2539"}],"wp:attachment":[{"href":"https:\/\/criptonizando.com\/en\/wp-json\/wp\/v2\/media?parent=2538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/criptonizando.com\/en\/wp-json\/wp\/v2\/categories?post=2538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/criptonizando.com\/en\/wp-json\/wp\/v2\/tags?post=2538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}