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Ethereum Technical Analysis Report – 17th December 2024  

  • Ether has been steadily advancing toward the $4,094 level, a key resistance point where sellers will likely challenge the bullish momentum.
  • Ethereum whales have been accumulating aggressively since late November, indicating a potential breakout based on historical patterns.
  • During 2024, ETH rallied to $4,087 after breaking above $3,500, but faced resistance at $4,100 for a daily closing above $4,000.
  • If ETH can sustain above $4,100, it may rally further up to $4,500.

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