Ethereum ($ETH) Crypto Forecast: Down 5.5% Today

What is Ethereum?

Ethereum (ETH) is a popular cryptocurrency token known for its smart contract functionality and decentralized applications.

Why is Ethereum going down?

ETH crypto is down 5.5% on Dec 22, 2024 5:07

• ETH experienced a bearish movement today amidst a broader market downturn in the cryptocurrency space.
• Monitoring Ethereum's journey back to $3.7K underlines the significance of accumulation metrics for its price recovery, reflecting potential investor sentiment.
• Market dynamics, including the resistance level at $99,800 for Bitcoin, may have had a negative impact on ETH's price trajectory.
• Despite the recent bearish movement, indications of ETH's recovery are emerging as buyers are entering the market to counter selling pressure, hinting at a potential turnaround in the near future.

ETH Price Chart

ETH Technical Analysis

ETH News

Crypto Prices Today December 22: BTC Below $97K, SOL Drops 7%, WIF Falls 13%

Crypto Prices Today December 22: BTC Below $97K, SOL Drops 7%, WIF Falls 13%

https://coingape.com/crypto-prices-today-december-22-btc-below-97k-sol-drops-7-wif-falls-13/

Why Ethereum’s road back to $3.7K depends on THIS accumulation metric

Why Ethereum’s road back to $3.7K depends on THIS accumulation metric

https://ambcrypto.com/why-ethereums-road-back-to-3-7k-depends-on-this-accumulation-metric/

Bitcoin Price Above $100,000 Again? Why $99,800 Is An Important Resistance To Break

Bitcoin Price Above $100,000 Again? Why $99,800 Is An Important Resistance To Break

https://www.newsbtc.com/bitcoin-news/bitcoin-price-above-100000-again-why-99800-is-an-important-resistance-to-break/

How Low Will Ethereum Price Go By The End of December?

How Low Will Ethereum Price Go By The End of December?

https://coingape.com/how-low-will-ethereum-price-go-by-the-end-of-december/

Ethereum Price Forecast: ETH shows signs of recovery as bulls step in to quench US investors selling pressure

Ethereum (ETH) price is showing signs of recovery on Wednesday as buyers are returning to the market to buy the dip.

https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-eth-shows-signs-of-recovery-as-bulls-step-in-to-quench-us-investors-selling-pressure-202412202000

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Ethereum Price History

20.11.2024 - ETH Crypto was down 8.5%

• ETH dropped by 20% in a strong bearish movement.
• The SEC's approval of new Bitcoin and Ethereum ETFs did not boost ETH's price.
• Dogecoin, Bitcoin, and XRP also saw losses, revealing a general bearish sentiment in the crypto market.
• Concerns are raised about ETH's recovery prospects following its notable price decline, despite the positive developments in the cryptocurrency industry.

20.11.2024 - ETH Crypto was down 5.6%

• Ethereum (ETH) experienced a notable drop of over 8% in a day, mirroring the general bearish sentiment in the cryptocurrency market.
• The decline in Bitcoin prices has impacted altcoins, with Ethereum decreasing by 18%, highlighting a significant connection between Bitcoin's movements and those of other cryptocurrencies.
• The increase in Bitcoin dominance to 60% while altcoins struggle further emphasizes the tough climate for alternative cryptocurrencies like Ethereum.
• Despite positive fundamental metrics and capital movement analysis for Solana, Ethereum's price decrease indicates that market adjustments and external factors are currently outweighing favorable news and metrics in the cryptocurrency space.

20.11.2024 - ETH Crypto was down 10.6%

• The SEC's approval of new Bitcoin and Ethereum ETFs initially uplifted market optimism, but subsequent bearish movements suggest additional influencing factors.
• A positive hint towards Ethereum ETF approval from an SEC Commissioner briefly boosted sentiment, yet broader market dynamics seemed to overshadow overall sentiment.
• The substantial liquidation of $1.2 billion in crypto assets, encompassing Bitcoin and Ethereum, likely impacted the bearish trend as investors responded to the sudden sell-off.
• Ethereum's price plummeting by 20% today may be attributed to profit-taking, market manipulation, and a general market correction, setting up a challenging near-term landscape for the cryptocurrency.

20.11.2024 - ETH Crypto was down 5.9%

• World Liberty Financial accumulating more ETH amid the price crash could indicate a long-term bullish outlook on the token despite the current dip.
• The announcement of the first hybrid Bitcoin-Ethereum ETFs by Hashdex and Franklin Templeton might have diverted some investment away from individual cryptocurrencies like ETH, contributing to the bearish movement.
• The reaction of DOGE founder to the sell-off of major cryptocurrencies like Bitcoin, Dogecoin, and Ethereum could have added to the overall market sentiment of uncertainty and fear, leading to the bearish movement.
• The significant dip in altcoins like ETH, XRP, and SOL following Bitcoin's price drop suggests a broader market trend rather than token-specific issues, impacting ETH's price negatively.

20.11.2024 - ETH Crypto was down 12.3%

• Today's downward movement in ETH is linked to the broader market decline, with significant losses observed in Bitcoin and other major cryptocurrencies.
• The liquidation of $1.2 billion in crypto assets could have intensified selling pressure on Ethereum, contributing to its current downward trajectory.
• Negative market sentiment and a sense of panic, exemplified by the crash of major coins and Bitcoin dropping below $95k, likely influenced the decrease in ETH's price.
• The recent largest outflow from US Bitcoin ETFs since inception, breaking a 15-day streak, indicates a shift in investor sentiment away from cryptocurrencies, potentially impacting Ethereum's price.

20.11.2024 - ETH Crypto was down 7.0%

• ETH saw a decline in its value, potentially influenced by the market's preference for Bitcoin, with Bitcoin dominance reaching 60%.
• Analysts tracking on-chain data revised their ETH price forecasts downward, leading to a lack of buying interest and triggering a sell-off.
• The downtrend in other altcoins such as Dogecoin and Solana could have contributed to the pessimistic outlook on ETH, impacting its market value.
• The SEC's authorization of hybrid Bitcoin-Ethereum ETFs may have shifted investors' focus away from individual cryptocurrencies like ETH, affecting its price trajectory.

21.11.2024 - ETH Crypto was up 5.1%

• ETH witnessed a rise in value as large investors accumulated tokens in anticipation of a potential surge towards $20K.
• Recent options expiration events for Bitcoin and Ethereum caused market turbulence, yet ETH managed to buck the trend and sustain its upward momentum.
• A cryptocurrency project associated with Trump seizing the opportunity to acquire ETH during a market downturn could have boosted confidence in the token.
• Despite competition and obstacles, ETH's strength and positive market sentiment have driven notable gains, surpassing predictions.

21.11.2024 - ETH Crypto was up 5.3%

• ETH experienced a strong bullish movement today, possibly fueled by positive price predictions for December 21.
• The growth in the number of crypto users in 2024 could have contributed to increased demand for ETH.
• Despite struggling to break the $4,000 mark, ETH's bullish momentum shows resilience in the face of challenges.
• The decline in Bitcoin due to the Federal Reserve's shift may have led investors to seek alternative cryptocurrencies like ETH, driving up its price.

21.11.2024 - ETH Crypto was up 9.8%

• The bullish movement of Ethereum today can be attributed to the buying activity of Ethereum whales who are eyeing a quick price rally to $4,000.
• The struggle to break the $4,000 mark may be due to some resistance levels and profit-taking by short-term traders.
• The positive sentiment around Ethereum, fueled by the potential for future gains, as indicated by suggestions of it as a promising investment for potential 2X gains in 2025.
• The comparison with Solana as the "Ethereum Killer" might have sparked interest and discussions, potentially drawing attention to Ethereum's strengths and unique features, contributing to its bullish movement.

21.11.2024 - ETH Crypto was up 5.0%

• ETH experienced a strong bullish movement today, potentially driven by positive market sentiment and increased demand.
• Discussions around Ethereum's price prediction to $20K and whales loading up for a massive bull run could have contributed to the positive momentum.
• Updates regarding Bitcoin facing challenges and expert opinions on its potential recovery might have indirectly impacted ETH's movement.
• Overall, the bullish trend in ETH could be a result of renewed investor confidence in the cryptocurrency market and expectations of future price appreciation.

21.11.2024 - ETH Crypto was up 5.7%

• Ethereum recently saw increased buying activity from large investors, indicating confidence in a potential price surge to $4000.
• Comparisons labeling Solana as a competitor to Ethereum sparked additional interest in Ethereum, leading to a rise in buying pressure.
• Following a drop in the value of Bitcoin ETFs below $94K, some investors may have turned to Ethereum for its perceived stability.
• Positive forecasts regarding a particular exchange token offering potential gains of up to 1,000% may have shifted focus away from Ripple and Ethereum, causing a surge in demand for Ethereum.

22.11.2024 - ETH Crypto was down 5.5%

• ETH experienced a bearish movement today amidst a broader market downturn in the cryptocurrency space.
• Monitoring Ethereum's journey back to $3.7K underlines the significance of accumulation metrics for its price recovery, reflecting potential investor sentiment.
• Market dynamics, including the resistance level at $99,800 for Bitcoin, may have had a negative impact on ETH's price trajectory.
• Despite the recent bearish movement, indications of ETH's recovery are emerging as buyers are entering the market to counter selling pressure, hinting at a potential turnaround in the near future.