The post Ethereum (ETH) Price Analysis for December 4 appeared on BitcoinEthereumNews.com. The market is mainly green today, according to CoinStats. ETH chart by CoinStats ETH/USD Ethereum (ETH) is one of the biggest gainers today, rising by 3.77%. Image by TradingView On the hourly chart, the rate of ETH might have set a local support of $3.158. If the daily bar closes near that mark, the decline is likely to continue to the $3,100 range. Image by TradingView On the longer time frame, the price of the main altcoin has once again failed to fix above the $3,230 level.  You Might Also Like If the candle closes far from that mark, bears may seize the initiative, which may lead to a test of the $3,100 zone by the end of the week. Image by TradingView From the midterm point of view, one should focus on the weekly bar’s closure in terms of the $3,233 level. If bulls can hold the gained initiative and the candle closes around that mark, or above, the accumulated energy might be enough for a continued upward move to the $3,300-$3,400 range. Ethereum is trading at $3,155 at press time. Source: https://u.today/ethereum-eth-price-analysis-for-december-4The post Ethereum (ETH) Price Analysis for December 4 appeared on BitcoinEthereumNews.com. The market is mainly green today, according to CoinStats. ETH chart by CoinStats ETH/USD Ethereum (ETH) is one of the biggest gainers today, rising by 3.77%. Image by TradingView On the hourly chart, the rate of ETH might have set a local support of $3.158. If the daily bar closes near that mark, the decline is likely to continue to the $3,100 range. Image by TradingView On the longer time frame, the price of the main altcoin has once again failed to fix above the $3,230 level.  You Might Also Like If the candle closes far from that mark, bears may seize the initiative, which may lead to a test of the $3,100 zone by the end of the week. Image by TradingView From the midterm point of view, one should focus on the weekly bar’s closure in terms of the $3,233 level. If bulls can hold the gained initiative and the candle closes around that mark, or above, the accumulated energy might be enough for a continued upward move to the $3,300-$3,400 range. Ethereum is trading at $3,155 at press time. Source: https://u.today/ethereum-eth-price-analysis-for-december-4