Market expectations of a potential rate cut in December are once again boosting positive sentiment for ETH. The macroeconomic conditions that are beginning to ease, combined with increased capital flows into risk assets, provide room for ETH to maintain its bullish momentum.
On-chain, decreasing transaction costs and increased activity within the L2 ecosystem help sustain investor interest. Additionally, stable institutional demand and anticipation of regulatory developments further strengthen ETH's prospects to move in the upper mid-range.
With these macro and fundamental factors combined, ETH has the potential to stay above the strong support zone of $3,300 and continue pushing toward resistance areas of $3,450–$3,480 ahead of the interest rate policy announcement. If buying pressure increases, movement toward the upper boundary of the range becomes more likely.
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#ETHDecPrediction
Range: $3.335–$3.480
Market expectations of a potential rate cut in December are once again boosting positive sentiment for ETH. The macroeconomic conditions that are beginning to ease, combined with increased capital flows into risk assets, provide room for ETH to maintain its bullish momentum.
On-chain, decreasing transaction costs and increased activity within the L2 ecosystem help sustain investor interest. Additionally, stable institutional demand and anticipation of regulatory developments further strengthen ETH's prospects to move in the upper mid-range.
With these macro and fundamental factors combined, ETH has the potential to stay above the strong support zone of $3,300 and continue pushing toward resistance areas of $3,450–$3,480 ahead of the interest rate policy announcement. If buying pressure increases, movement toward the upper boundary of the range becomes more likely.