Advertisement
AD

Main navigation

BTC and ETH Price Analysis for December 17

Advertisement
Sat, 17/12/2022 - 9:15
BTC and ETH Price Analysis for December 17
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The weekend has started with a continued drop on the cryptocurrency market as none of the coins are in the green zone.

Advertisement

Top 10 coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has dropped by 4.20% over the last 24 hours.

BTC/USD chart by TradingView

On the daily chart, the price of Bitcoin (BTC) has returned to the middle of the channel after the false breakout of the resistance at $18,157. At the moment, bears have again seized the initiative as bulls could not fix the price above the $18,000 zone.

Related

If the decline continues to the $16,000 mark, there is a high chance to see a breakout of the support at $15,632.

Bitcoin is trading at $16,754 at press time.

ETH/USD

Ethereum (ETH) has lost more value, falling by 7.45%.

ETH/USD chart by TradingView

Ethereum (ETH) is trading similarly to Bitcoin (BTC) on the daily time frame. Currently, the rate is located closer to the support than to the resistance. The price is far away from the $1,300 mark, which means that traders can expect a test of $1,100 within a few days.

Ethereum is trading at $1,182 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD