Ethereum Breaks the 2023 Record

December brings positive emotions to the cryptocurrency world. Bitcoin has already reached a new all-time high. When Bitcoin reached the 2023 peak, crypto enthusiasts started discussing whether Ethereum would make a similar move. As I write this article, Ethereum has already broken the 2023 record.

Ethereum Hits the 2023 Peak

The cryptocurrency world continues to experience volatile days. After the occurrence of the 2023 peaks in Bitcoin recently, attention turned to Ethereum. Comments on Ethereum particularly emphasized that the key resistance level was $2,100.

It was stated that if this key resistance level was broken, the 2023 peak of $2,141 could be surpassed. It was also emphasized that if this level was surpassed, the $2,200 levels could be reached.

As I write this article, Ethereum has surpassed the $2,141 peak. Ethereum has reached the $2,150 level. This level signifies the 2023 peak for Ethereum. At the time of writing, ETH is trading at $2,142.

What Can Be Expected Next?

It is difficult to predict what will happen next for Ethereum. Since the price has reached the 2023 peak, this situation may trigger the selling appetite of those who want to take profits. Such a development could push the Ethereum price to lower levels.

On the other hand, those who see the increase in price may also pour money into Ethereum. As a result, there may be more buying appetite, which would mean new 2023 peaks for ETH.

Let’s note that the next resistance level for Ethereum is $2,250. If ETH surpasses this level, the price could target $2,320. Further increases could initiate a wave towards $2,440.

Speaking of the 2023 peaks, it is worth mentioning that analyst Michaël van de Poppe has started mentioning the $3,000 levels for Ethereum recently. The analyst indicated that these levels would be seen in the very near future.