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–
#美联储重启降息步伐 December 8 $BTC Trend Observation
From a technical perspective, the price is currently holding steady at the middle Bollinger Band at 90236. The MACD has formed a golden cross and the bars have turned green, indicating that bearish momentum is weakening and the bulls are starting to fight back. However, there's an issue—the trading volume hasn't picked up. While there is a rebound, the volume looks weak, so whether it can be sustained is still questionable.
Looking upward, the upper Bollinger Band at 92335 is the biggest hurdle in the near term. If this level cannot be broken, it's likely we'll return to a consolidation phase; but if it can be breached and held, there's a chance to test the previous high around 94185.
Trading strategy reference:
Consider building long positions in the 89000-88000 range, targeting the 90500-91500 region. If the price breaks through smoothly, continue to hold and aim for higher levels.
Currently, expectations of the Fed restarting the rate-cutting cycle are also affecting market sentiment, so it’s worth keeping an eye on subsequent macro developments.