$ETH (ETH) — December 8, 2025: What’s Going On
Current price and market mood: ETH is trading around $3,100–$3,150, having recently recovered from a dip near $2,800. Blockchain News+2Trading News+2
Supply squeeze & institutional accumulation: On-chain data shows that only ~8.7–8.8% of total ETH supply is now on centralized exchanges, a multi-year low, suggesting less “ready-to-sell” coins and tighter supply. Pintu+1
Recent technical setup: After the psychological $3,000 barrier broke, analysts point to short-term targets of $3,400–$3,550, with a medium-term range of $3,850–$4,295 if momentum holds. Blockchain News+2Blockchain News+2
Catalysts: network upgrades & demand factors: The recent Fusaka upgrade is viewed as bullish — improving layer-2 scalability, reducing gas costs, and strengthening ETH’s long-term utility. Trading News+1
📈 What Could Push ETH Higher — and the Risks
Potential upside triggers:
If ETH clears resistance around $3,240–$3,250, buyers may target $3,550–$4,300 over the coming weeks. Blockchain News+2Blockchain News+2
Reduced exchange supply + more staking and institutional holdings could fuel a supply-driven rally if demand increases. Pintu+2TechStock²+2
Technical momentum is building — several short- to mid-term forecasts see room for 15–40% upside. Blockchain News+2Blockchain News+2
What could go wrong:
A breakdown below the $2,950–$2,900 support zone could reignite bearish pressure. Trading News+1
Macroeconomic instability (global rates, regulation) or weak demand could stall any rally, especially given near-term volatility.#ADPJobsSurge✨ #BinanceHODLerMMT #PrivacyCoinSurge
