07:24
Ethereum Price Prediction: ETH May Rebound 15%, Inverse Head and Shoulders Pattern Signals Bullish Trend
As the flow of spot Ethereum ETF funds improves, the price structure of Ethereum (ETH) is gradually showing bullish signals. According to the latest market data, as of December 15th Asian time, Ethereum's price is approximately $3,113. Although it has retreated compared to last week, positive changes are emerging in both technical and capital aspects, creating conditions for a subsequent rebound.
Previously, Ethereum's decline was mainly driven by decreased on-chain activity, phased profit-taking, and risk aversion triggered by macroeconomic uncertainties. At the same time, the overall liquidation pressure in the crypto market has increased, also weighing on ETH prices. However, based on current indicators, the market may have entered a consolidation phase.
ETH-4.93%