{"id":203095,"date":"2023-11-29T22:50:56","date_gmt":"2023-11-29T17:20:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-eth-surpass-3000-in-december-crypto-news\/"},"modified":"2023-11-29T22:50:59","modified_gmt":"2023-11-29T17:20:59","slug":"will-eth-surpass-3000-in-december-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-eth-surpass-3000-in-december-crypto-news\/","title":{"rendered":"Will $ETH Surpass $3000 in December? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-166848\">\n<p>\nEthereum Price Prediction: The formation of a double bottom pattern could increase the selling pressure in ETH price and lead to a prolonged correction.\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/GAq1z8hT-e1701277282483.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ETH price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 15 mins ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Ethereum Price Prediction: Throughout the major part of November, the Ethereum price remained within a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/ethereum-price-prediction-as-elliot-wave-theory-to-3400\/\">sideways range<\/a>, fluctuating between $2133 and $1917. Both of these horizontal levels were tested twice, signaling uncertainty among market participants. However, this consolidation has formed a bearish reversal pattern, suggesting a potential further downside for ETH.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><strong>Also Read:<\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/here-why-cbdc-could-outshine-btc-ethereum-and-other-private-cryptos\/\">Here\u2019s Why CBDCs Could Outshine BTC, Ethereum, and Other Private Cryptos<\/a><\/p>\n<h2><b>Will $ETH Consolidation Lead to Massive Leap?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The overhead supply at $2133 assists sellers in developing a bearish reversal pattern called double bottom<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The $1917 level aligned with the 32.8% Fibonacci retracement level creates a strong support zone.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in Ether is $10.5 Billion, indicating a 16% gain.<\/span><\/li>\n<\/ul>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ethereum Price Prediction\" width=\"1946\" height=\"1105\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/g\/GAq1z8hT.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/g\/GAq1z8hT.png\" alt=\"Ethereum Price Prediction\" width=\"1946\" height=\"1105\"\/><\/noscript><figcaption class=\"wp-caption-text\">Ethereum Price Prediction | TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Amid the past two weeks\u2019 consolidation, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">Ethereum price<\/a> retreated twice from the $2133 resistance, indicating substantial overhead supply. These reversals have emphasized the emergence of a bullish reversal pattern known as a Double Bottom on the daily timeframe chart.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">Typically observed near market tops, this pattern signifies a decline in bullish momentum. At present, ETH trades at $2,025 and, with an intraday loss of 1.6%, is gradually approaching the neckline support at $1,970.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">A bearish breakdown below this neckline could intensify supply pressure, potentially causing ETH to drop to around the $1700 mark, marking a potential loss of 12%.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">However, the recent price rejections around the psychological support of $2,000 suggest buyers are attempting to counter the bearish setup. If this buying pressure persists, the ETH price might rebound to challenge the last swing high at $2133 and the upper trendline of a longstanding wedge pattern.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>ETH Price Recovery to $3400<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Over the past 20 months, the ETH price has experienced a shallow recovery within a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/wedge-pattern\/\">rising wedge pattern<\/a>. Historically, the upper boundary of this trendline has resulted in increased supply pressure, leading to significant corrections. Therefore, the current upward movement towards this upper trendline necessitates a definitive breakout to confirm a bullish trend. A post-breakout rally could potentially drive prices up to $3400<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Relative Strength Index (RSI): <\/b><span style=\"font-weight: 400;\">A sharp drop in the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI slope<\/a> suggests a bearish divergence with the Ethereum price, hinting at potential upcoming downturns.<\/span><\/li>\n<li aria-level=\"1\"><b>Bollinger Bands: <\/b><span style=\"font-weight: 400;\">The converging boundaries of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger Bands<\/a> indicate an uncertain market sentiment prevailing for Ethereum.<\/span><\/li>\n<\/ul>\n<p><noscript><link rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/aa886f2146fc066653c797da881ef448.css\" media=\"all\" data-minify=\"1\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.3.2\" type=\"text\/css\" media=\"1\"\/><\/noscript><\/p><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/ethereum-price-prediction-will-eth-surpass-3000\/&#038;text=Ethereum Price Prediction: Will $ETH Surpass $3000 in December?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/ethereum-price-prediction-will-eth-surpass-3000\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/ethereum-price-prediction-will-eth-surpass-3000\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/ethereum-price-prediction-will-eth-surpass-3000\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA166848\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD166848\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum Price Prediction: The formation of a double bottom pattern could increase the selling pressure in ETH price and lead to a prolonged correction. Published 15 mins ago Ethereum Price Prediction: Throughout the major part of November, the Ethereum price remained within a sideways range, fluctuating between $2133 and $1917. Both of these horizontal levels [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":203096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-203095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=203095"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203095\/revisions"}],"predecessor-version":[{"id":203097,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203095\/revisions\/203097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/203096"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=203095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=203095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=203095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}