Ethereum price has stabilized above the key support level at $3,000 as demand for the coin continues rising. ETH token was trading at $3,260, up sharply from theEthereum price has stabilized above the key support level at $3,000 as demand for the coin continues rising. ETH token was trading at $3,260, up sharply from the

Ethereum price prediction today: the bullish case for ETH

2025/12/12 15:09

Ethereum price has stabilized above the key support level at $3,000 as demand for the coin continues rising. ETH token was trading at $3,260, up sharply from the November low of $2,618. This article explores the bullish case for ETH and why it may jump to a record high soon.

Ethereum price has strong technicals

The first main bullish case for Ether is that it has strong technicals. The daily chart shows that the token has rebounded from the November low of $2,618 to the current $3,260. 

It has already moved above the upper side of the falling wedge pattern, which is one of the most popular bullish reversal patterns in technical analysis.

The token is now attempting to move above the 50-day and 200-day Exponential Moving Averages (EMA). It is also attempting to move above the Supertrend indicator, one of the most accurate indicators in technical analysis.

Therefore, the token will likely continue rising in the coming weeks, with the next key target to watch being the psychological level at $4,000. A move above that level will point to more gains, potentially to the psychological level at $4,950, its highest level on August 24, up by 52% from the current level.

The bullish Ethereum price prediction will become invalid if it tumbles below the November low of $2,620, its lowest level in November. Such a move will confirm that bears have prevailed.

ethereum priceETH price chart | Source: TradingView

Ethereum is Winnie the layer-1 game 

The other main catalyst for Ethereum price is that the network has largely won the layer-1 industry despite the rising competition from the likes of Plasma, Monad, Midnight, Solana, and BSC.

Third-party data shows that the network has continued to gain market share despite this competition. For example, data compiled by DeFi Llama shows that Ethereum has a total value locked (TVL) of $150 billion in the decentralized finance industry, giving it a market dominance of 77%. 

In contrast, Solana has a TVL of  $20 billion, while BSC and Plasma have $9.5 billion and $5.3 billion, respectively. These numbers mean that the network is firing on all cylinders, a move that will accelerate after the Fusaka upgrade, which was implemented last week. Ethereum has a bridged TVL of over $463 billion, higher than other networks, combined. 

Additionally, the network is a juggernaut in the stablecoin industry, where its market capitalization has jumped to $166 billion, much higher than Tron, which has over $81 billion in stablecoin supply. In contrast, Solana and BSC have $16.50 billion and $14 billion, respectively.

The same is happening in the Real-World Asset (RWA) tokenization industry, where Ethereum holds most of the assets. Data shows that it holds over $12 billion of the $18 billion in the sector. 

Ethereum is benefiting from its history and the fact that the developers have continued to improve its performance over the years, including through its regular upgrades that have made it a faster and less expensive network.

ETH supply in exchanges has tumbled 

More data shows that demand for Ethereum has jumped in the past few months, a trend that will continue. 

Ethereum ETFs have brought in over $12 billion in inflows since their inception. This growth will continue now that BlackRock has applied to a staked ETH ETF, which will allow users to earn a monthly return.

Additionally, the staked market capitalization has jumped to over $116 billion, giving it a staked ratio of 30%. 

Most importantly, Tom Lee’s BitMine Immersion has continued to accumulate Ethereum tokens and now holds 3% of the tokens in circulation. Its goal is to eventually hold about 5% of the tokens, a move that will lead to more demand.

Bruno Trader
@BrunoTrade87
·Follow

🚨 ETH SUPPLY CRISIS INCOMING? Only 8.7% of all $ETH is left on exchanges , this is the lowest level since 2015. Yes, you read that right: almost a decade low. When demand comes back… there might not be enough $ETH to go around. 👀🔥 Prepare for violent price action.

10:36 AM · Dec 7, 2025
5 Reply Copy link
Read more on Twitter

All this is happening at a time when the supply of Ethereum on exchanges has tumbled to the lowest level on record. As such, soaring demand and falling supply is a sign that the token will continue rising.

The post Ethereum price prediction today: the bullish case for ETH appeared first on Invezz

Market Opportunity
Bullish Degen Logo
Bullish Degen Price(BULLISH)
$0,01729
$0,01729$0,01729
-%16,51
USD
Bullish Degen (BULLISH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

XRP price weakens at critical level, raising risk of deeper pullback

XRP price weakens at critical level, raising risk of deeper pullback

Markets Share Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
XRP price weakens at critical level, raising
Share
Coindesk2025/12/16 11:34
Warsaw Stock Exchange Launches Poland's First Bitcoin ETF

Warsaw Stock Exchange Launches Poland's First Bitcoin ETF

PANews reported on September 19th that according to Cryptobriefing, the Warsaw Stock Exchange has launched Poland's first Bitcoin ETF, marking a significant step forward in the adoption of cryptocurrencies in Eastern Europe. The ETF allows Polish investors to gain exposure to Bitcoin through standard brokerage accounts.
Share
PANews2025/09/19 08:52
Slate Milk Raises $23 Million Series B Round To Bolster Protein Drink’s Rapid Growth

Slate Milk Raises $23 Million Series B Round To Bolster Protein Drink’s Rapid Growth

The post Slate Milk Raises $23 Million Series B Round To Bolster Protein Drink’s Rapid Growth appeared on BitcoinEthereumNews.com. Slate Classic Chocolate milk shake Slate A new slate of functional beverages is about to dominate the ready-to-drink shelf, ushering in a more modern era of easily incorporating more protein in our diets. Today, Slate Milk cofounders Manny Lubin and Josh Belinsky reveal the brand has raised a $23 million Series B funding round. Led by Foundership, a new fund by Yasso frozen greek yogurt cofounders Drew Harrington and Amanda Klane, the money will allow Slate to continue its momentum towards ubiquity as it hits 100,000 points of distribution across 20,000 stores nationwide by the end of 2025. Slate also reveals that it is rolling out several line extensions including a 20 gram protein Strawberry milk at Sprouts Farmers Market, a 30 gram protein Cookies & Cream milk at Target, and a 30 gram protein Salted Caramel flavor at Walmart and Albertsons banner stores. New “Ultra” 42 gram protein options in Chocolate, Vanilla and Salted Caramel will also be available in retailers across the country. “Stores where we may have just had our ready-to-drink lattes, now we’re adding our shakes, and vice versa. We’re adding new partners and executing deeper with our existing partners,” Lubin tells me. The impressive growth is due to Slate’s early entry into the high-protein product space slightly before it caught mainstream attention–ready to execute immediately once consumers craved it most. Slate’s macronutrient ratios are practically unbeatable, largely due to the utilization of ultra-filtered milk. It’s a protein drink that writes a new script about who protein drinks are for. “We’re not sons of dairy farmers. We had no milk history,” Lubin says “We’re just a couple of dudes from the burbs of Boston who like chocolate milk.” Slate cofounder Manny Lubin Slate Another Clean Slate Slate’s brand has evolved significantly in just the past six…
Share
BitcoinEthereumNews2025/09/19 03:08