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–
The previous government shutdown delayed a lot of matters, and tonight the backlog of initial unemployment claims data will be announced in advance, but this data is not very reliable—unemployment applications from federal employees during the shutdown were not fully accounted for and were compiled a month late, so it can only serve as a partial reference; don't expect it to reflect the real situation.
Interpreting data cautiously: If the unemployment numbers exceed expectations, the market may believe that the Federal Reserve will ease its policies, which could lead to a slight rise in risk assets such as cryptocurrencies and stocks. However, the U.S. stock market is closed tomorrow, resulting in low market liquidity. Investors are unlikely to make large bets, and it is highly probable that there will be a brief uptick followed by a pullback, leading to fluctuations. Don't chase the highs, as it can easily result in losses.
Remember not to be careless in your operations: always set a stop loss and don't let this distorted data throw you off your rhythm.
In the long run, there will be a lot of backlog data to be sent out during the suspension period, and many of the data have flaws. Additionally, the Federal Reserve's policy has not yet been determined, so the market will definitely continue to fluctuate. For short-term trading, the key word is "stability"; be flexible with your positions, stay alert, and don't rely solely on a single data point to make decisions. It's more reliable to consider other indicators as well. #Gate广场圣诞送温暖