FX.co ★ Technical Analysis of Daily Price Movement of Ethereum Cryptocurrency, Friday December 22, 2023.

On the daily chart of the Ethereum cryptocurrency, you can see EMA 21 intersecting with the Golden Cross with WMA 55, which is confirmed by the appearance of the Ichimoku Projection Waves Y Wave and the penetration of the three main levels of the CCI indicator (-100, 0, & 100), thus confirming the strengthening that is taking place in Ethereum. So, in the next few days, Ethereum has the potential to strengthen to the 2400.51 level, but if on its way to that level suddenly there is a significant weakening correction, especially if it manages to penetrate below the 2082.40 level, the strengthening scenario that has been described previously will become invalid and cancels itself.

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