Ethereum to Jump Over $600 and Fly? Ethereum Price Analysis December

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marcoecon
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Despite the immense pullback this week, the Ethereum price has enjoyed unprecedented gains this year – 608% only since March. And whilst the bigger picture does look very positive, we are seeing very mixed signals in the Ethereum technical analysis. And that, in turn, makes for a very divided Ethereum price December 2020 forecast.

On the one hand, there are bearish indicators such as the weekly RSI of the Ethereum price analysis, which is showing bearish divergence in the overbought territory. And then on the other hand, there are no such divergences in the MACD, which, on the contrary, is on the rise and supporting a bullish Ethereum forecast (December).

With that in mind, though, the bulls have their eyes on the next Ethereum price target of $830 where there is strong resistance. And in the event that there’s a break above that level for the Ethereum price, December may see a new all-time high.

On the flipside, a bearish Ethereum forecast is quite foreboding with a drop in its price foreseeing the closest support only at $180. But most analysts are still more inclined towards a positive Ethereum December forecast, predicting that we will be seeing a breakout and a potential new high.

Watch the full video for our take on the Ethereum December 2020 price analysis and a deeper insight into what to expect from the cryptocurrency in the weeks ahead. And drop us a line in the comments with your thoughts on our Ethereum price prediction.

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