{"id":30600,"date":"2024-12-24T12:07:35","date_gmt":"2024-12-24T12:07:35","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=30600"},"modified":"2024-12-24T12:07:36","modified_gmt":"2024-12-24T12:07:36","slug":"ethereum-technical-analysis-report-24th-december-2024","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-24th-december-2024","title":{"rendered":"Ethereum Technical Analysis Report | 24th December 2024\u00a0\u00a0"},"content":{"rendered":"\n

Ethereum (ETH) closed below the 50-day Simple Moving Average (SMA) at $3,432 on December 21, signaling a shift in favor of the bears. Despite this setback, Ethereum has demonstrated remarkable resilience, reaching the $4,000 mark twice in recent months\u2014an achievement that has reignited conversations about its strength and dominance in the blockchain space. Currently, the bulls are attempting to mount a recovery, but this effort is likely to encounter resistance near the 20-day Exponential Moving Average (EMA) at $3,594. This critical level will determine whether Ethereum can regain upward momentum or remain under pressure from sellers.  <\/p>\n\n\n\n

At the time of writing, ETH<\/a> is trading at around $3,390.<\/p>\n\n\n\n

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

ETH faced a stiff resistance above the $4,000 mark. The asset reached a high of $4,107 but failed to close above $4,000 on a daily basis, subsequently witnessing a sharp correction. Prices fell by nearly 24.5%, dropping to $3,101. Post this move, ETH is consolidating within the $3,200 to $3,500 range, accompanied by low trading volumes. The asset has a strong support at $3,000, while $3,500 is expected to act as a significant resistance.
<\/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>
$3,000<\/td>$3,150<\/td>ETH<\/strong><\/td>$3,500<\/td>$3,750<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Unravel everything that you need for your crypto journey via ZebPay blogs. Get started today and join 6 million+ registered users on ZebPay!<\/p>\n\n\n\n

\n
TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) closed below the 50-day Simple Moving Average (SMA) at $3,432 on December 21, signaling a shift in favor of the bears. Despite this setback, Ethereum has demonstrated remarkable resilience, reaching the $4,000 mark twice in recent months\u2014an achievement that has reignited conversations about its strength and dominance in the blockchain space. Currently, the […]<\/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\/30600"}],"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=30600"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30600\/revisions"}],"predecessor-version":[{"id":30603,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30600\/revisions\/30603"}],"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=30600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=30600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=30600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}