12/2/2025
166 words
1 min read
Ethereum price analysis: Will ETH continue to decline in December?
Overview
Ethereum is currently facing potential challenges that could lead to a significant decline in its price. Observations indicate that the cryptocurrency may be at risk of further downward movement as certain technical indicators show signs of weakening support.
Current Situation
Recent analysis suggests that Ethereum could experience a deeper sell-off, with projections pointing toward a price range between $2,500 and $2,200. This forecast is driven by the weakening of the MVRV support level, which is an important metric for assessing the profitability of holders. Additionally, the presence of a bearish pennant pattern raises concerns about a possible breakdown, further exacerbating the risk of declining prices.
Impact on the crypto market
- Potential for increased selling pressure on Ethereum.
- Weaker support levels may influence investor sentiment negatively.
- The bearish pennant pattern could lead to broader market volatility.
- Observations may prompt traders to reassess their positions in Ethereum.
- A decline in Ethereum’s price could impact other cryptocurrencies in the market.
Updated: 12/2/2025, 4:35:20 PM
