This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The price of Ethereum (ETH) experienced a significant increase on December 3, surpassing the target price of $2,200. At the time of writing, the cryptocurrency reached a high of $2,251.70. This surge in price allowed Ethereum to break through the $2,200 resistance level, indicating a bullish trend. The next target price level is projected to be $2,500. Technical indicators suggest that the moving average lines on the 4-hour chart are rising, and the price bars remain above them, indicating a continued upward movement for Ethereum. The current uptrend has also broken above the overbought zone of the market. Key resistance levels for Ethereum are $1,800 and $2,000, while important support levels are $1,600 and $1,400. The cryptocurrency is expected to reach price levels of $2,500 and $3,000. It is important to note that this analysis and forecast are the personal opinions of the author and should not be considered as a recommendation to buy or sell cryptocurrency. Readers are advised to conduct their own research before making any investment decisions.