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–
From a technical perspective, BNB, SOL, and LTC are all looking rather bearish at the moment.
BNB is showing weakness on the 1-hour chart. The rebound lacks momentum, each high is lower than the previous one, and a bearish engulfing candlestick pattern has appeared, with trading volume also shrinking. If it breaks below the key support level, there will be more room for a drop. You can watch for short opportunities in the 905 to 895 range, with targets at 885, 875, and 865.
SOL is in a similar situation, leaning bearish. You might consider entering a short position in the 140 to 134 range, with targets at 128, 122, and 116.
For LTC, the 84 to 82 range is a good entry point for shorts, with targets at 80, 78, and 76.
Currently, bears have a clear advantage in the market, and there are no signs of a trend reversal yet. In terms of strategy, it’s advisable to focus on shorting at the highs and wait for a rebound before entering for a more secure approach.