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Ethereum (ETH) Price Prediction For December 19: Sell Signals Emerge

source-logo  coingape.com 19 December 2024 11:33, UTC

The Fed’s FOMC meeting conclusion of fewer rate cuts in 2025 caused the crypto markets to crash. As a result, Ethereum closed 7% lower on Wednesday. Ethereum price today trades at $3,700. The four-hour chart hints at a sell signal and that a reversal could be coming for ETH due to the double-top formation. This setup is a sell signal. As the name suggests, the technical formation contains two local tops, which often leads to a reversal of the uptrend. Will Ether reverse the bull trend and trigger another double-digit correction? Let’s find out.

coingape.com