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–
- Chart of the Day: Can Bitcoin Maintain Its Key Support Level?
Bitcoin is trading above the pivotal $91,000 level at the time of writing on Friday, as sellers look to regain control after a recovery from Monday’s low of $83,822.
The Moving Average Convergence Divergence (MACD) on the daily chart has maintained a bullish outlook since November 26, when the blue MACD line crossed above the red signal line.
The green historical bars above the average line further support the bullish outlook. However, the indicator remains below the average line itself, which may limit the potential for recovery.
BTC/USDT Daily Chart
The bearish Relative Strength Index (RSI) is steady at 44, indicating increasing bearish momentum. Bitcoin’s price is also below the 50-day Exponential Moving Average (EMA) at $98,153, the 100-day EMA at $103,370, and the 200-day EMA at $104,378, all of which could limit price rebounds. A break below the $90,000 level could accelerate its decline toward $80,000.