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Get some insight into December price expectations for ETH here 👇
Range: $3,240–$3,420
Expectations of a December interest rate cut are strengthening, creating a positive atmosphere for ETH. Although whale activity and low liquidity have put pressure on the price during recent declines, the 2,820 support level is technically being maintained. If the Fed's decisions come as expected, it seems possible for ETH to remain above 3,240 and rise towards the 3,420 level.
Supporting factors:
Potential Fed interest rate cut → increases risk appetite
L2 cost reductions → support usage and demand
ETF expectations → keep institutional interest alive
Risks:
Whale selling may create short-term volatility
Support may be broken if unexpectedly tough messages come from the Fed