Today, on December 19, a good recovery in Ethereum's price has been observed. In the last 24 hours, it is trading at around $2,947 with an increase of about 3.5%. This rise, following the decline of the past few days, has reignited discussions on Ethereum Price Prediction. The biggest question in investors' minds is whether this uptrend will last long or if it is just a short-term bounce.
Current status of Ethereum Price
According to CMC data, Ethereum has increased by approximately 2.47% to reach $2,943 in the last 24 hours. During this time, its trading volume has also recorded an increase of over 40%, indicating rising activity.
Speaking of technical indicators, the 14-day RSI is at 44, indicating that ETH is currently in a neutral zone. If positive sentiment persists, new traders may enter.
However, Ethereum is still trading below its 20, 50, and 200-day Simple Moving Average, indicating that a long-term bearish trend is currently in place.
Why did Ethereum Price rise today?
In recent days, there has been negative sentiment in the crypto market regarding the potential interest rate hike by the Bank of Japan (BoJ). Today, BoJ officially increased interest rates by 25 basis points to 75 BPS, the highest level in the last 30 years. After this, many analysts were expecting a decline in Ethereum and the entire crypto market, but contrary to that, ETH saw an upward trend.
There were some important reasons behind this:
Despite the BoJ's rate hike, the Yen weakened against the dollar to 156 Yen per Dollar, providing short-term relief to investors.
Ethereum had already fallen over 10% in the past week, meaning negative news had largely been priced in.
The US CPI data released on December 18 was lower than expected, strengthening the prospects for a US Fed rate cut going forward.
All these factors combined have supported Ethereum's price today. It is clear that the current bullish trend includes both short-term triggers and some long-term expectations.
Why has Ethereum ETF and Staking data raised concerns?
Currently, Ethereum is trading about 40% below its All-Time High of $4,953 from August 2025. One major reason for this is the continuous outflow in the Ethereum Spot ETF, causing traditional capital to exit.
According to Sosovalue data:
In November 2025, there was a net outflow of $1.42 billion from ETH Spot ETF.
In December 2025 (up to December 18), an additional outflow of $424.73 million was recorded.
Decreasing interest in the ETF has directly impacted the price of Ethereum.
Additionally, after the Fusaka Upgrade on December 3, there were expectations for improved network performance and an increase in ETH Staking. However, the total staked ETH has decreased from 35.76 million to 35.69 million over the past month. This unstaking has also increased selling pressure.
Decreasing demand and increasing supply are currently the biggest obstacles to an Ethereum breakout.
Ethereum Price Prediction: Will there be a breakout soon?
Many chart analysts believe that a Double Bottom Pattern is forming on ETH's chart, which typically signals a breakout. However, the recent volatility has made it difficult to rely solely on chart patterns.
In the coming times, Ethereum's direction will depend on these key factors:
The macro sentiment of the crypto market, in which the US Fed's policy will play a crucial role.
Return of Traditional Investors to ETH Spot ETF
Breakout of the $3,000 resistance level
Improvements in the first two factors could trigger the third. Currently, the Fear and Greed Index is at 16, indicating an extreme fear situation. As a result, retail investors remain cautious.
Along with this, the increase in BoJ's interest rates could put pressure on global liquidity, especially due to the Yen Carry Trade. However, if inflation in the US remains under control and expectations for a Fed rate cut increase in the coming months, the impact of BoJ's decision may be somewhat mitigated.
Future Outlook
According to Cryptohindinews, if the Yen weakness continues and traditional investors re-enter the market, Ethereum could soon break the $3,000 resistance level. In such a case, the next resistance zone could be seen between $3,300 and $3,400.
In a negative scenario, it will be crucial for Bulls to maintain the support zone of $2,700–$2,800. If a breakdown occurs from here, ETH's price could slide to $2,400.
Disclaimer
This article is written for educational purposes only. The crypto market is highly volatile, so be sure to do your own research before making any kind of investment.
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