{"id":30343,"date":"2024-12-03T09:04:11","date_gmt":"2024-12-03T09:04:11","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=30343"},"modified":"2024-12-03T09:04:12","modified_gmt":"2024-12-03T09:04:12","slug":"ethereum-technical-analysis-report-3rd-december-2024","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-3rd-december-2024","title":{"rendered":"Ethereum Technical Analysis Report – 3rd December 2024\u00a0"},"content":{"rendered":"\n

Ether continues to hold above its downtrend line, indicating resilience from the bulls. However, upward momentum is facing resistance near the $3,900 mark. Sellers may attempt to regain control by pushing the price below the 20-day EMA ($3,379), but strong buying interest is expected on any dips. A sustained break below this level could suggest that the recent breakout was a false signal or bull trap. Meanwhile, Ether-focused investment funds have experienced unprecedented net inflows of $2.2 billion in 2024, surpassing the previous record of around $2 billion set in 2021. This highlights growing institutional interest and confidence in the crypto’s long-term prospects.
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At the time of writing, ETH<\/a> was trading at $3,646.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

ETH, after giving the range breakout ($2,350 to $2,7500), surged almost by 25% up to $3,442. Post this move, the asset witnessed some profit booking and corrected to $3,015. ETH took multiple support at $3,000 and rallied up to $3,760. ETH has a strong resistance at $3,750. Once it breaks and sustains above this level then we can expect it to rally further up to $4,000, whereas $3,300 and $3,000 will act as a strong support for the asset.
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  Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2<\/strong><\/td><\/tr>
$3,000<\/td>$3,350<\/td>ETH<\/strong><\/td>$3,750<\/td>$4,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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Ether continues to hold above its downtrend line, indicating resilience from the bulls. However, upward momentum is facing resistance near the $3,900 mark. Sellers may attempt to regain control by pushing the price below the 20-day EMA ($3,379), but strong buying interest is expected on any dips. A sustained break below this level could suggest […]<\/p>\n","protected":false},"author":1,"featured_media":30266,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[16,311],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30343"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=30343"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30343\/revisions"}],"predecessor-version":[{"id":30345,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30343\/revisions\/30345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/30266"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=30343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=30343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=30343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}