The asset has increased by 10% over the day and reached our first local target at $3,400.
Now, after a slight pullback, I will expect the continuation of growth and a move to the next significant resistance level, which is at $3,600.
The continuation of the upward movement should be obtained from the trading range of $3,300 - $3,100. Therefore, it is worth allowing a slight price pullback before further growth.
1. Tether receives approval from Abu Dhabi to expand USDT across nine key chains. 2. Circle receives approval from Abu Dhabi, aiming for growth in payments and settlements in the UAE. 3. CryptoUK partners with The Digital Chamber amid the emergence of transatlantic crypto regulations. 4. Circle is testing a USDC variant with enhanced privacy on Aleo. 5. Stripe, the Tempo chain from Paradigm focused on payments, debuts in public testnet. 6. Bitcoin and Ethereum rise ahead of the FOMC decision, causing a wave of liquidations. 7. HashKey initiates IPO in Hong Kong, seeking to raise up to 215 million dollars.
$ETH has repeated its signature pattern: accumulation → breakout.
In both the ETH/BTC and ETH/USD pairs, there has been a breakout from multi-week ranges - a signal that the market is returning to a phase where Ethereum starts to lead.
And importantly: this is not just 'beta' following Bitcoin. This is the inherent strength of ETH that the market hasn't seen in a long time.
The ether is holding a bit more steady in the market. Therefore, before continuing the growth, I expect to see only a retest of the nearest mobile support level at $2,980.
So, from the trading range of $3,100 - ~$2,980, we should see a continuation of the upward trend, with the price reaching $3,400.
The asset recently showed a + 100% clean movement, but at the moment it has almost completely retraced this movement.
We have returned to support at $0.2278 and I think we have a chance for a reversal and another attempt to break resistance at around $0.3995.
You can consider buying from the current levels or place a limit order lower towards the aforementioned support. I am potentially expecting around 70% clean movement in the medium term.
⏺The average drawdown of stocks from public crypto companies in the USA and Canada was 43%, but some securities plummeted by 99%, despite having cryptocurrencies on the balance sheet.
Thus, SharpLink's stocks initially soared by 2600%, then collapsed by 86%. The Trump effect also did not work — the company Alt5 Sigma Corp, supported by his sons, fell by 86%.
The coin has entered a strong support area at the level of $0.00000408, and it is extremely dangerous to go further down, as we would fall into the area of $0.00000091 and invalidate the entire growth that took a lot of effort.
I lean towards a reversal from the current levels in the next couple of weeks, but I do not rule out the possibility of a long protracted sideways movement in this area for liquidity accumulation and preparation for the next move.
🔥🔥🔥BlackRock takes a new step in Ethereum - has submitted an application to launch Ethereum Staking Trust
Now institutional investors will be able to earn income from staking $ETH , without the hassle of setting up a validator and managing keys. For large players - the simplest entry into passive income on Ethereum.
If the application is approved - institutions will gain a new "legal" channel to enter ETH. And this most often = increased demand.
Coinbase: December 2025 may mark the beginning of market recovery
According to Coinbase, the cryptocurrency market is capable of turning around as early as December — the probability of a Fed rate cut reaches nearly 92%.
The exchange also sees improved liquidity, sustained interest in AI narratives, and favorable conditions for short positions on the dollar.
All these factors could trigger a new growth cycle.
🔥🔥🔥Three whales opened long positions at $ETH for a total amount of $432 million
Lookonchain detected large positions: one entered with 20,000 ETH, the second jumped in with 54,515 ETH with a leverage of 5, and the third shook the market with two orders nearly totaling 62,000 ETH with leverages of 20 and 15.
1. MetaMask enters the prediction market through a partnership with Polymarket. 2. ZKsync plans to phase out ZKsync Lite in 2026, completing the initial ZK-rollup Ethereum $ETH 3. Canada is investigating Dapper Labs users in a rare case of cryptocurrency taxation amid a growing enforcement gap. 4. The leader of Jupiter acknowledges that the statement about "zero spread" was not entirely accurate amid criticism of the storage design. 5. U.S. prosecutors are seeking 12 years of prison time for Do Kwon from Terraform over the collapse of more than $40 billion. 6. Poland remains the only EU country that does not support MiCA, after lawmakers failed to overcome a veto on the cryptocurrency bill.
The market is really entering an active phase before mid-December, and here’s what to keep in focus.
🟣Solana is preparing for the largest Breakpoint on December 11, and usually such events heat up interest in $SOL in advance. 🟣Bitcoin is waiting for the Fed's decision on December 10 — volatility is guaranteed, because the market is still debating whether there will be a policy easing. 🟣$TAO is approaching its first halving on the 12th, and this may significantly change the behavior of stakers and the dynamics of supply. 🟣$ASTER is launching a buyback program on December 10, which often leads to local spikes in demand. 🟣The memecoin from Lighter could also become a catalyst for hype, just like the launch of the token from Almanak on the 11th. 🟣LUNA is back in the information field — on December 11, the verdict for Do Kwon will be delivered. 🟣This week, the Stable mainnet is launching, and Extended will open the possibility to use shares from vaults as collateral for trading. 🟣And don't forget about Avalanche — the ETF deadline in the US on December 12 could give the asset additional attention.
The week promises to be hot - those who catch movements in advance will reap the best.
The coin is currently holding the support level at $0.4534 with all its strength, but everything suggests that the asset will fall below. I have already taken the coin into work at around these levels, but the situation is extremely controversial now, and I lean towards a decline of another 40%.
At around $0.2495, you can confidently buy the coin almost with your entire volume, as I do not expect it to go much lower. Right now, we need to cover the squeeze and then implement the movement.
However, considering the unpredictability of the market - you can take 30% from the current levels and 70% from the area of $0.2495.
🐋 Let's see what mood the market wakes up with today
Fear and greed yesterday showed 10 - this is the most severe fear value in the entire cycle. And it's not surprising after what happened on October 10th: the largest liquidation candle, empty order books, market makers sharply removing liquidity, investors going into defense, and ETF flows that immediately turned into outflows. In short, the market was really blown out then.
Today, the mood has slightly revived - the index rose to 28, but we are still in the fear zone.
And what's interesting is that more and more people are starting to openly talk about the bear market. But right now, it is still difficult to label it as a "bear market." If this is just a correction within the cycle, then such a mood can even become beneficial.
Markets always like to go against the emotions of the crowd. And right now, that emotional consensus is being formed.