Ethereum Price Hits First Target, Eyes Further Upside – Forecast for December 2, 2024

Ethereum (ETHUSD) has successfully reached the first target of $3,700, with the price currently consolidating around this level. The bullish momentum remains intact, and the next target is set at $3,850 as the price continues to rise within the bullish channel.

The EMA50 remains supportive of the ongoing bullish trend. However, if the price breaks below $3,660, it could face a pullback, testing support levels at $3,545.30 and $3,475 before any potential further upward movement.

The expected trading range for today is between $3,560 (support) and $3,840 (resistance).

Trend Forecast: Bullish

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