news 
Ethereum (ETH) Price Prediction for December 29
As we approach the end of December, traders are eager to know what’s in store for the cryptocurrency market. In this article, we’ll be focusing on the Ethereum (ETH) price prediction for December 29.
According to our analysis, it seems that ETH is currently facing some resistance at around $3,406. As a result, there might not be significant movement in the short term. Traders may witness a test of the support of $3,375 by tomorrow.
On the bigger time frame, the situation remains neutral as the price is far from any main levels. The volume keeps going down, which means neither buyers nor sellers are ready to seize the initiative at the moment.
In this case, one should not expect sharp ups or downs shortly. From a midterm perspective, it’s too early to think about a reversal despite the possible bullish weekly closure.
If the bar closes around the current prices, ongoing sideways trading is the more likely scenario.
Source: u.today
