REDATOR Ben Graham Posted December 19, 2025 REDATOR Report Share Posted December 19, 2025 Ethereum is trading around $2,954 within the downtrend channel formed since December 8 and is showing signs of recovery after finding good support around 1/8 of the Murray level. A double bottom pattern is in progress.If the bullish force prevails, we could expect ETH/USD to break decisively through the downtrend channel in the coming hours.If ETH consolidates above the psychological level of $3,000, then we could expect it to reach the 200 EMA around $3,134 and even return to the 3/8 Murray levels around $3,437.On the other hand, if ETH/USD falls below $2,906, where the 21 SMA is located, there is a chance that the bearish cycle will resume. If this scenario occurs, the cryptocurrency could return to $2,812. If the instrument breaks below this level, it could reach the bottom of the uptrend channel around $2,690, and possibly lower, to reach the 0/8 Murray level around $2,500.The Eagle indicator is showing a positive signal after a consolidation in the oversold zone. We could expect Ethereum to reach $3,437 in the coming days and it could even return to 3,750.The material has been provided by InstaForex Company - www.instaforex.com Visitante_408fd004 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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