Ethereum price analysis: Will ETH continue to decline in December?

Ethereum risks a deeper sell-off toward $2,500–$2,200 as MVRV support weakens and a bearish pennant threatens to break lower.

Ethereum’s native token, Ether (ETH), extended its downturn into December after falling roughly 30% over the past three months, raising worries about how much further the sell-off could run by year’s end.

Key takeaways:

ETH could slide toward $2,500–$2,200 if MVRV support and the pennant break down.

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