#ETHDecPrediction

Ethereum’s December outlook is shaping up with remarkable clarity as the asset continues to trade with strength near the $3,324 level, demonstrating stability and firming up its technical base for potential upward continuation. Over the last seventy-two hours, ETH has shown persistent bullish momentum, driven by steady dip-buying and renewed trader confidence across both retail and institutional sectors. With daily trading volume reaching an impressive $31 billion and futures open interest sitting at record highs, the market is experiencing heightened engagement that often precedes sharp directional moves. The dominance of short positions across major exchanges adds an additional layer of potential, as any upward push toward the $3,460–$3,510 liquidation cluster could ignite a powerful short squeeze. Technical indicators further reinforce this bullish structure: the 4-hour rising channel midline at $3,480, the 200-day EMA at $3,477, and the high-volume POC region between $3,475–$3,482 all converge to create a strong resistance zone that also serves as a natural price target. Daily and weekly RSI levels remain comfortably below overbought thresholds, confirming that momentum still has room to expand. Meanwhile, Bollinger Bands are widening toward $3,488, signaling an active volatility phase that typically aligns with upward price expansion. On-chain fundamentals add significant weight to this narrative, with Ethereum supply on exchanges falling to multi-year lows, staking participation rising toward twenty-nine percent, and Layer 2 networks generating more than twelve million daily transactions — clear evidence that real network usage continues to grow. Gas fees remain stable in the five to seven gwei range, indicating healthy throughput without bottlenecks, while positive but moderate funding rates show balanced leverage that does not threaten immediate downside risk. Institutional influence is also unmistakable, as Ethereum spot ETFs recorded over three billion dollars in net inflows during the past week, marking the largest influx in ETH ETF history and providing a robust foundation of sustained demand. As year-end dynamics unfold, historical profit-taking generally accelerates after the twentieth of December, suggesting that the current window remains driven primarily by liquidity, positioning, and structural market flows. Bringing all factors together — technical alignment, on-chain strength, reduced sell-side pressure, and unprecedented institutional participation — the most probable trading range for December stands between $3,350 and $3,479, reflecting a realistic, data-backed outlook while avoiding exaggerated predictions that disregard market mechanics. Ethereum enters the final stretch of the year with all necessary conditions to support a steady, controlled rise, anchored by strong confluence across every major indicator.