Ether (ETH) fell to $1,160 at the beginning of trading on December 20. By the evening, the support strengthened, and the altcoin bounced above $ 1200.

At the time of publication of this review, ETH was trading at $1,211.

Trading has returned to the green zone, and now the coin will again try to break the resistance at $ 1,220. The RSI indicator signals that the asset is oversold, so the ether has a chance of a breakthrough to $1,250 within the next 24 hours.

The zone of strong altcoin support has formed around $1,150.

It will work if there is no new surge of activity on the part of sellers. PeckShieldAlert analysts point to an alarming signal.

The team found out that last Sunday whale wallets that had been inactive since October 2018 started moving. They redistributed a total of 22,982 ETH worth up to $27.2 million.

The researchers also recorded the activation of a large address associated with the collapsed hedge fund Three Arrows Capital. On December 19, he withdrew about 2000 ETH from his exchange wallet on Binance, but there are still 6595 coins worth almost $ 7.85 million that can be sold in the near future.