Ethereum Price Prediction As $ETH Exits 19-Month Channel to Pursue $3400

The transition from November to December has brought a bullish wave to the crypto market, primarily driven by the Bitcoin price recovery. Ethereum (ETH), the second-largest cryptocurrency, has also gained momentum, particularly over the last week When the ETH price rebounded from the significant psychological level of $2,000. In the past six days, the Ether value has increased by approximately 11%, now trading around $2,251. Despite this positive trend, the buyers are currently confronting a long-standing resistance trendline, which poses the risk of a bearish reversal.