Ethereum (ETH) Slowly Rising

In comparison to BTC, the ETH price is rising more slowly, which suggests the potential for the asset to reach new annual highs. Since December 1, ETH has appreciated by 9%, currently trading near the price level of $2,265.

Buyers are likely to keep pushing the price up this week. Consequently, a rapid increase in growth could occur, potentially triggering a brief altcoin season. This scenario might unfold if Bitcoin's growth stalls and it enters a period of sideways trading.

A correction in Ethereum's chart, akin to Bitcoin, appears unlikely. Current buyer orders are situated within the support zones of $2,224-$2,240 and $2,182-$2,205. Ethereum's price could also reach $2,160. A significant correction may only start if the asset's price firmly drops below $2,000.