Ethereum (ETH) Price Analysis for December 12

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Ethereum (ETH) Price Analysis for December 12
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Can ETH remain stronger than other altcoins? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum

Ethereum is feeling worse than Bitcoin , declining by 1.36%.

Despite the decline, the price of Ethereum is rising on the hourly chart after the false breakout of the support level at $1,241.70. At the moment, the rate is located close to the resistance at $1,257.30. If a breakout occurs, there is a good chance to see the test of theOn the bigger time frame, the situation is unclear as Ethereum keeps locating in a narrow range. This means that the accumulated strength is not enough for a further move.

A similar pattern can be seen on the daily time frame against Bitcoin , as neither bulls nor bears are dominating at the moment. The rise may start only in case of fixation above the resistance level at 0.076133.

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