Important points
- The current price of ETH is $3,204.11, but it is expected to rise to $3,447.98 by the end of this week.
- It traded lower than 89% of the top 100 cryptocurrencies on the market.
- Ethereum showed mixed whale activity even though the price was above $3000.
- ETF inflows and outflows were also mixed.
- Macroeconomic factors that influence ETH prices include monetary policy signals, inflation dynamics, ETF/institutional investor flows, growth/inflation expectations, etc.
Ethereum current market scenario
The general sentiment for ETH in the market is bearish. This means that investing in ETH at this stage may result in losses. Other important indicators related to ETH are listed below.
- Fear and Greed Index: 26 (Fear)
- Market sentiment: Bearish
- Supply inflation: 0.21% (low)
- Dominance: 12.21%
- Volatility: 7.81% (high)
Ethereum price prediction: today, tomorrow and this week
This is the short-term price prediction for ETH this week.
| date | price prediction |
|---|---|
| December 4th | $3,204.11 |
| December 5th | $3,211.45 |
| December 6th | $3,246.99 |
| December 7th | $3,314.89 |
| December 8th | $3,448.33 |
| December 9th | $3,537.13 |
| December 10th | $3,603.05 |
| December 11th | $3,505.68 |
| December 12th | $3,447.98 |
Market Outlook: Technical, Institutional Investor Activities and Macro Trends
A balanced market outlook includes factors such as: technical analysisanalysis of institutional activities such as ETF inflows and outflows and reserve updates, on-chain scenarios such as whale activities and network updates, and related macroeconomic trends.
technical analysis
According to technical analysis data, ETH has a bearish outlook at the moment. The price of ETH has fallen by 13% in the last year. Outperformed 89% of the top 100 cryptocurrencies on the market. The number of green days in the last 30 days was 14, which is 47%.
There are some positive outlooks for ETH. Ethereum is currently trading 0.40% above its 200-day SMA ($3,178.07). 14 days relative strength index The (RSI) of the ETH token is 53.12, which indicates that the cryptocurrency is currently neutral and may trade sideways. Ethereum token sale performance is positive for USD and BTC, but negative for ETH. Ethereum is currently trading -1.51% below its cycle high and 21.23% above its cycle low.
On-chain scenario
Ethereum is showing mixed whale activity despite the price being above $3000. Recently, a whale moved 40,000 ETH (worth about $120 million) for internal transfer or staking. Whale’s holdings rose 1.8% in two weeks on purchases in the $2,950 to $3,050 range, including $105 million accumulated since early November, showing confidence as more than $500 million left the exchange in 48 hours. of Recently started upgrading Fusaka It is expected to provide a bullish outlook for Ethereum in the future.
organized activities
In terms of institutional investor activity, the market saw a mix of ETF inflows and outflows. Demand from institutions and fund managers did not follow a stable trend, but changed periodically. Institutional demand often correlates with higher on-chain activity and secondary market liquidity.
macroeconomic factors
Macroeconomic factors that influence ETH price include liquidity, risk appetite, monetary policy signals influencing on-chain activity, inflation dynamics, ETF/institutional investor flows, growth/inflation expectations, etc. A rate cut would help reduce volatility, but a rate hike could put pressure on ETH. Increased inflows for an ETF increases the credibility of the asset. In a risk-on environment, ETH tends to outperform with stochastic gains, but during the risk-off phase the correlation may weaken or it may move into defensive behavior.
conclusion
In the short term, ETH price could rise to an average of $3,365. Analysts expect support to remain between $3,000 and $3,055, but resistance near $3,500 if inflows continue and macro liquidity supports risk assets. However, we cannot say anything about future volatility. That depends on the release of federal interest rates expected in December.
Analysts suggest that in the long term, ETH price will rise further due to scalability upgrades, institutional adoption, and macro liquidity, but substantial uncertainty remains. Downside risks associated with the ETH price cannot be ignored, including increased regulation, slower-than-expected adoption, competitive networks, and macro shocks that reduce liquidity and risk appetite.
Disclaimer: These cryptocurrency price predictions are based on predictive modeling and should not be considered financial advice.
post Today’s Ethereum price prediction: Can ETH regain $3,500 soon? It first appeared Byte My Coin.
