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–
#数字货币市场洞察 12.9 BTC Midday Real-Time Analysis
[Market Support]
The probability of the Fed's rate cut decision tonight is up there (89.6%), so in the short term, the market still needs to wait for this to land before making any strong moves. On-chain data shows that institutional ETFs are continuously seeing net inflows, and whales are also steadily increasing their holdings. The 89,000-89,500 line is holding up pretty firmly, and the selling pressure isn’t as intense as imagined.
From a technical standpoint, the price action is oscillating between 89,000 and 92,300. On the 1-hour chart, a converging triangle is brewing for a breakout. The key levels marked by moving averages and Fibonacci retracement are pretty clear in terms of support and resistance.
[Trend Judgment]
Right now, it’s a neutral range-bound situation. From 12:00 to 16:30, the price will likely fluctuate around the 89,500-91,500 USD band. There’s no clear one-sided movement, and we need to see when trading volume picks up to confirm the real direction.
[Trading Suggestions]
Mainly Longs:
- Conservative approach: accumulate gradually between 89,500-90,000, set stop loss at 88,800, and target 91,000-91,500;
- For a more aggressive approach: wait for a breakout above 92,300 with significant volume and hold for 5 minutes, then enter, set stop loss at 91,800, target 93,000.
Alternative Shorts:
- Conservative short: enter after testing resistance at 91,500-92,000, stop loss at 92,500, target a pullback to 90,000-89,800;
- If it directly breaks below 89,500 and the rebound lacks momentum, set stop loss at 90,000, target 88,500-88,000.
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