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 The current market sentiment is rather bearish, and the technical outlook for several major coins doesn’t look too optimistic.
Starting with BNB, the hourly chart has clearly weakened. You can see that its rebounds can’t break higher; each peak is lower than the last. Recently, there was even a bearish engulfing candlestick pattern, and trading volume keeps shrinking. If it fails to hold the current support level, there’s a high probability it’ll continue to drop. Personally, I think you can watch the 905 to 895 range; if it rebounds, you could consider setting up short positions. The 885, 875, and 865 levels below are all potential targets.
The situation for SOL is similar, with an overall bearish pattern. It’s more prudent to short on rallies between 140 and 134, with targets at 128, 122, and 116.
LTC is relatively weaker, and you can look for short opportunities in the 84 to 82 range. The 80, 78, and 76 levels below are reasonable target areas.
Overall, the bears currently have the upper hand, and there are no clear signs of a trend reversal yet. In terms of strategy, it’s still more appropriate to focus on shorting at rebound highs. Of course, the specific entry points should be determined based on real-time market conditions and your own risk tolerance.