2025-12-12 11:47:29

📉 📈 Ethereum Price Forecast: ETH struggles near $3,470 resistance and key EMAs

Ethereum has experienced $134.8 million in liquidations over the past 24 hours, led by $105.4 million in long liquidations, according to Coinglass data.

💢ETH has bounced near the $3,100 support after a rejection at the $3,470 resistance, which lies near the 200-day and 100-day Exponential Moving Averages (EMAs). The 50-day EMA has also proven a key hurdle, with ETH failing to close above it on several attempts over the past two days.
🤝A decisive close above the EMAs and $3,470 could push ETH to test the $3,800 resistance, and if successful, the $4,100 key level. On the downside, the $3,100 and 20-day EMA could serve as support. Further down is the $2,850 support if ETH moves below $3,100

🕳️The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are above their neutral levels but trending downward, indicating a weakening bullish
#FedRateCutComing

ETH-0.78%

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