December brought positive sentiments to the cryptocurrency world. Bitcoin reached a new all-time high. As Bitcoin reached its 2023 peak, cryptocurrency enthusiasts started discussing the possibility of Ethereum making a similar move. At the time of writing, Ethereum had already surpassed its 2023 record.
The cryptocurrency world continues to experience volatile days. After the highs of 2023 in Bitcoin, attention turned to Ethereum. Comments about Ethereum particularly emphasized the critical resistance level of $2100.
It was stated that if this critical resistance level is broken, the 2023 peak of $2141 could be reached. It was also emphasized that if this level is surpassed, it could reach the $2200 levels.
At the time of writing, Ethereum broke the $2141 peak and reached $2150. This level represents the 2023 peak for Ethereum. At the time of writing, ETH was trading at $2142.
It is difficult to predict what can happen next for Ethereum. Since the price has reached the 2023 peak, it could trigger the selling desire of those who want to sell for profit. This could push the Ethereum price to lower levels.
On the other hand, those who see an increase in price can pour money into Ethereum. As a result, there may be more buying desire, which can mean new 2023 peaks for ETH. The next resistance level for Ethereum is $2250. If ETH surpasses this level, the price could target $2320. Further increases could initiate a wave towards $2440.
When talking about the 2023 peaks, it is worth mentioning that analyst Michaël van de Poppe has recently started talking about levels around $3000 for Ethereum. The analyst stated that these levels will be seen in the near future.