Ethereum, Dogecoin, Terra Price Analysis: 18 December
The global crypto market capitalization decreased by 0.21% to $2.19 trillion over the last day. Well, the king coin saw a decline in its value while the major altcoins followed suit.
Ethereum was unable to climb above $4000 despite another attempt to flip the supply zone. Dogecoin was trading at the $0.171 support level, and LUNA faced a price compression on the hourly chart.
Ethereum (ETH)
Source: TradingView, ETH/USDT
On the 4-hour chart, the price action was not favorable for ETH bulls as it failed to flip the $4000 supply area.
The Fixed Range Volume Profile of the past two months showed that the Point of Control was at $4320, well much above the current price.
A descending wedge pattern was observed (white) while theOBV made a higher low in
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