{"id":30447,"date":"2024-12-10T08:23:54","date_gmt":"2024-12-10T08:23:54","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=30447"},"modified":"2024-12-10T08:23:55","modified_gmt":"2024-12-10T08:23:55","slug":"ethereum-technical-analysis-report-10th-december-2024","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-10th-december-2024","title":{"rendered":"Ethereum Technical Analysis Report – 10th December 2024"},"content":{"rendered":"\n

Ethereum faced rejection at $4,094 on December 6, as sellers aggressively defended the level, signaling strong bearish resistance. The price is now at risk of retreating towards the 20-day EMA ($3,633), a critical support zone in the short-term. A sustained move below this level could indicate a shift in momentum. On the institutional front, inflows into Ethereum-focused investment products hit a record $1.2 billion last week, surpassing the volumes seen when U.S. spot ETH ETFs were first approved by the SEC in July. This highlights the growing demand for Ethereum as a key asset in the evolving crypto landscape. <\/p>\n\n\n\n

At the time of writing, ETH<\/a> was trading at $3,662.<\/p>\n\n\n\n

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

ETH, after giving a breakout above $3,500, rallied up to $4,087.  The asset however, failed to give a daily closing and sustain above the psychological level of $4,000 and witnessed a correction. The prices fell almost by 14% and dropped to $3,509. ETH has a strong support at $3,500 and $3,300, whereas $3,750 and $4,000 will act as strong resistance for the asset.
<\/p>\n\n\n\n

  Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2<\/strong><\/td><\/tr>
$3,350<\/td>$3,500<\/td>ETH<\/strong><\/td>$3,750<\/td>$4,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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Ethereum faced rejection at $4,094 on December 6, as sellers aggressively defended the level, signaling strong bearish resistance. The price is now at risk of retreating towards the 20-day EMA ($3,633), a critical support zone in the short-term. A sustained move below this level could indicate a shift in momentum. On the institutional front, inflows […]<\/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\/30447"}],"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=30447"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30447\/revisions"}],"predecessor-version":[{"id":30450,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30447\/revisions\/30450"}],"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=30447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=30447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=30447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}