#ETHDecPrediction

Range of $3,240 to $3,420
ETH Price Outlook for December

Ethereum (ETH) is currently trading within the range of $3,240 to $3,420, with market participants closely watching macroeconomic signals and technical support levels. Expectations of a potential December interest rate cut have created a generally positive sentiment for ETH, as lower rates tend to increase risk appetite among investors. Despite recent price pressure caused by whale activity and low liquidity, the $2,820 support level has held, indicating a solid technical foundation for potential upward movement. If the Federal Reserve delivers the anticipated easing, ETH could remain above $3,240 and move toward the $3,420 resistance level.

Several factors are supporting this potential rebound. First, a Fed interest rate cut could stimulate broader market optimism, encouraging both retail and institutional participation. Second, reductions in Layer-2 (L2) transaction costs improve usability and adoption of Ethereum-based solutions, indirectly supporting demand. Third, expectations around Ethereum ETFs continue to attract institutional interest, adding another layer of potential price support.

However, there are risks to consider. Whale selling could trigger short-term volatility, especially if large positions are liquidated during minor pullbacks. Additionally, if the Fed delivers unexpectedly hawkish messages, the $2,820 support level could be breached, resulting in downward pressure on ETH.

In summary, ETH appears positioned for a cautiously optimistic December, provided macroeconomic conditions remain supportive and technical levels hold. Traders should monitor support and resistance ranges, whale activity, and Fed announcements closely to navigate potential volatility and capitalize on opportunities in this price range.