$ETH
Current Price: Approximately $3,324.
Recent Volatility: ETH has experienced high volatility over the past 30 days, with a 6.69% volatility rate.
Monthly Performance: ETH is up significantly in December, showing a nearly 20% increase from its price on December 1st.
3-Month Performance: Despite the recent gains, ETH is down over 24% over the last three months, reflecting a challenging period from September to early December.
All-Time High: The all-time high for ETH was $4,946.05, recorded on August 24, 2025.
Short-Term Technical Analysis
Technical indicators suggest a market shifting from a prolonged consolidation phase to a potential bullish move, but resistance is imminent.
Bullish Indicators:
Positive Inflows: After weeks of outflows, Ethereum recorded a positive $13 million net inflow, signaling that some investors are re-entering accumulation mode.
Moving Averages: The price has recovered above the 50-day Exponential Moving Average (EMA), which provides dynamic support.
Momentum: The Relative Strength Index (RSI) is around 58, indicating healthy buying momentum without being overbought.
Derivatives Activity: Open interest and futures volume have surged, suggesting positioning for a directional move to the upside.
Key Levels to Watch:
Immediate Support: Firm support levels are identified around $3,180 and $3,120.
Major Resistance: The critical resistance cluster is between $3,450 and $3,520, which aligns with the 200-day EMA. A decisive break and hold above this range is needed to confirm a broader trend reversal and target the $3,800-$3,900 range.
Fundamental News and Upgrades
Fusaka Upgrade: A major network upgrade, "Fusaka," is scheduled for December 2025. This upgrade is expected to improve scalability and overall system efficiency, which analysts believe could enhance investor trust and the network's utility.
Institutional Interest: Institutional holdings have surpassed $13 billion, and the growing interest from major asset managers is a positive l
