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–
#ETH走势分析 to Li: Bitcoin and Ethereum Trading Strategies for Midday, December 8
Looking at the 4-hour chart, the descending channel structure remains intact and clear, providing technical support for a continued bearish outlook. The MACD dual lines are still hovering below the zero axis, indicating the bearish pattern has not truly reversed. However, the J line of the KDJ indicator has already surged into the overbought zone, which often means that short-term rebound momentum is about to be exhausted.
Examining the details on the hourly level—there’s a severe divergence between volume and price. During this morning’s rally, trading volume did not keep up, indicating this is not a genuine reversal signal. Market sentiment is excessively pessimistic, causing a large amount of capital to stay on the sidelines and making investors hesitant to enter the market.
Remember a golden rule: any price increase not accompanied by volume is a false prosperity. Therefore, during the midday session, my strategy is very clear—sell short on rallies!
Specific trading recommendations:
$BTC can open short positions in the 91,000-91,500 range, targeting around 89,000.
$ETH can enter short positions in the 3,120-3,150 range, targeting the 3,030 level.
Be sure to control position sizes and stop losses. Exercise extra caution when market volatility is high.