The daily chart shows that the price of $ETH has fallen in recent months. This decline could continue next month, as the currency has formed a death cross, a bearish flag, and is about to fall below the 61.8% Fibonacci retracement level.

The price of Ethereum also remains below the Supertrend indicator. Therefore, the most likely forecast is bearish, with the initial target at the November low of $2,622. A break below that level will indicate a further decline.

ETH

2,939.13

-0.20%