December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
#ETH走势分析 The weekend brings another familiar low-volume market, with not much volatility. Let’s briefly discuss this week’s market performance.
Starting Tuesday, Bitcoin saw an increase in volume and surged, reaching as high as 94,150. Coincidentally, this happened right at the resistance point of the 30-day moving average on the daily chart. It failed to break through and started to pull back. The rally on Tuesday and Wednesday was mainly driven by external news—the Fed hype, Japan’s rate cut moves, and various other factors combined. But once the hype faded, the market returned to rationality. There was no continued push on Friday; instead, it chose to pull back.
Looking closely at the chart, the decline wasn’t deep. On the hourly chart, you’ll notice higher lows. After retesting support near 89,000, there was no further breakdown, and over the weekend, it mainly fluctuated between 90,300 and 89,000. For Bitcoin to continue its uptrend, it must break through the 90,300 upper boundary of this range. If it can’t break through and set a new high, the chances of a pullback are much higher than further upside.
As for Ethereum, its performance this week was similar to Bitcoin’s, but I personally feel Ethereum was more resilient this round, with a noticeably smaller retracement than Bitcoin. I’ve posted detailed analysis before—feel free to check my previous posts for specifics, so I won’t repeat it here.
From the hourly chart, Ethereum is also consolidating within a range, similar to Bitcoin. To move higher, it must first break out of the range. If it can’t even break out, there’s not much to expect going forward.
With the market continuing to shrink in volume, there really isn’t much to watch. Since there aren’t any good trading opportunities, it’s better to just take a break. Let’s see if anything stirs up tonight. $BTC $ETH