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Ethereum (ETH) Price Prediction for December 27
In a recent analysis, Denys Serhiichuk, a seasoned trader with over 5 years of experience in the market, has provided insights on the price prediction of Ethereum (ETH). According to his findings, it is unlikely to see any significant ups or downs shortly.
The focus should be on the midterm perspective, which indicates that the price is far from key levels. This lack of momentum has led to a drop in trading volume, as neither bulls nor bears are ready for a sharp move.
In light of this information, traders may not witness any sudden movements on the chart. Instead, it’s essential to focus on the bigger picture and wait for a breakout or significant trend reversal.
If we were to consider a short-term perspective, however, there is a chance to see a breakout, followed by a move to the $3,300 area. This would be an interim zone that traders should pay attention to. In the event of a breakthrough, it’s possible that the accumulated energy could be enough to drive the price towards the $3,200 range by the end of the week.
It is essential for investors and traders alike to keep an eye on these developments and adjust their strategies accordingly.
Source: u.today
