Ethereum’s ‘Important Week:’ $4,000 Tapped But Why Is ETH Going Down?
Posted On December 9, 2024
Ethereum’s (CRYPTO: ETH) to $4,000 has come to a sudden end on Monday, but traders on social media continue to see bullish catalysts driving ETH higher in the future.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Ethereum (CRYPTO: ETH) | $3,848.94 | $463.6 billion | -3.5% | +6.6% |
| Bitcoin (CRYPTO: BTC) | $97,809.31 | $1.93 trillion | -2.1% | +2.6% |
| XRP (CRYPTO: XRP) | $2.41 | $137.4 billion | -6.9% | -10.3% |
Trader Notes: With Ethereum prices dropping 3.7% below $4,000, crypto trader Wolf highlights $3,500 as “solid support,” suggesting this may be the final chance to buy before Ethereum accelerates higher.
Trader Jelle points out that Ethereum has broken through major resistance and is now retesting previous highs, advising holders to remain patient as price discovery is imminent. He calls …
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