📌 Current market situation
ETH is trading around ~2,900 - 3,000💲 with volatility and difficulties in holding and recovering after the recent decline. Macroeconomic uncertainty (for example, CPI data in the USA) affects the crypto market and inclines investors to caution.
📈 Technical short-term forecast:
Short-term forecasts from various services indicate minor consolidation with no strong deviation:
• Expected prices on December 20 - 21 are approximately ~2,900 - 2,920💲( ± minor fluctuations ).
• Other models predict a range of ~2,910 - 3,010💲 for the coming days, with potential growth by the end of the week.
🔄 Potential support and resistance levels:
Strong support is estimated to be around past technical levels (below the current price). Resistance may appear around levels slightly above the current ones if the market shows attempts at recovery.
🐻 Bearish and 🦬 bullish factors:
🐻Bearish:
Current sentiment remains rather bearish, with a significant number of technical indicators pointing to weakness in the recovery momentum. Further pressure is possible if key support levels do not hold.
🦬Bullish:
Some technical models suggest potential growth in the medium term with higher levels being reached later in December. Institutional interest in the Ethereum ecosystem remains a significant long-term factor (though this may not necessarily reflect in the short term).
🟡 Weekend summary:
➡️Short-term (this weekend): stabilization is likely with minor fluctuations around current levels, without a clear strong trend upward or downward.
➡️Risks: high volatility and bearish sentiment may pressure the price.
➡️Potential: with a recovery in volumes and buyer strength, attempts to rise above current levels are possible, but this is unlikely without strong news.
