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Weekly forecast: Ethereum holds $2,900 support but remains vulnerable to liquidations
Just days before the New Year, Ethereum is trading around $2,946, losing 1% over the week. After declining in October and November, ETH managed to recover above $3,400, but the momentum proved insufficient, and the leading altcoin has once again fallen below the psychological $3,000 mark, currently defending a strong support zone at $2,900–$2,940, where buyers previously prevented deeper declines. The next important support level, according to AMBCrypto, is $2,796, which corresponds to the acquisition cost of ETH for large long-term holders (LTH). This category of investors benefited from Ethereum’s autumn ... (full story)
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