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–
Top 3 Cryptocurrency Price Predictions: BTC and ETH Aim for Breakout as XRP Holds at 2 USD
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all saw mild gains in early-week trading, marking a positive start for the cryptocurrency market. Notably, retail investor demand has remained high, even as Bitcoin and Ethereum ETFs have recorded outflows. Technically, the price movements of BTC, ETH, and XRP are drawing market attention toward key overhead resistance zones, as selling pressure shows signs of cooling off.
Retail demand remains stable amid mixed ETF flows
Spot Bitcoin and Ethereum ETFs in the US recently recorded net outflows of $87.77 million and $65.59 million, respectively, over the past week, reflecting a short-term weakening in institutional demand. Conversely, XRP ETFs attracted inflows of up to $230.74 million, marking the fourth consecutive week of growth and highlighting the asset’s rising appeal.
As of the time of writing on Monday’s trading session, Bitcoin is hovering around $91,000, marking its second consecutive day of recovery. This upward move is pushing the price close to the resistance line of a symmetrical triangle pattern on the daily chart—formed by connecting the key highs from November 15 and December 3—around the $93,500 level.
A decisive candle close above this resistance level would confirm a breakout, opening up new upside potential with the next target being the 50-day exponential moving average (EMA) at $97,205.
Daily momentum indicators are showing more positive signals as selling pressure weakens. The relative strength index (RSI) is currently near 46 and continues to rise toward the neutral level. If RSI holds above 50, Bitcoin will have more room to grow before entering overbought territory.
However, while growing retail demand is helping to bolster market sentiment, the risk of a pullback cannot be dismissed. If the price fails to break out at the $93,500 area, Bitcoin will likely need to retest the lower support line of the triangle pattern, around $84,000.
Ethereum approaches key resistance
Ethereum is up nearly 2% at the time of writing on Monday, but still struggling with the resistance line connecting the highs from October 7 and October 27 on the daily chart. In a bullish scenario, if the market-leading altcoin successfully breaks above Thursday’s high at $3,240 with a decisive daily close, the price could extend its rally to the 200-day EMA around $3,459.
Nevertheless, downside risks remain. If the price reverses and drops below the psychological $3,000 level, the decline could extend, pulling Ethereum back to the November 21 low around $2,623.
Ripple rebounds within descending channel
Ripple is up nearly 2% at the time of writing, as buying interest continues to successfully defend the key psychological level at $2.00. The session’s rebound suggests the potential formation of a short-term upward wave, although the overall trend remains within a large descending channel on the daily chart.
If the rally continues, XRP could target the overhead resistance at $2.18—defined by connecting the highs from October 6 and November 10. In the event of a successful breakout, the price could extend its gains toward the 200-day EMA around $2.47.
On the downside, XRP’s key support remains concentrated around $1.90—the low set on June 22—which serves as an important short-term defense zone for the bulls.
SN_Nour