Ethereum Inches Toward A Critical Decision Point: Bullish Break Or Deeper Dive?

Bitcoin price struggled to stay above $92,000. BTC is now consolidating gains and might dip again if there is a clear move below $89,500.

• Bitcoin started a downside correction from the $92,500 zone.
• The price is trading below $91,000 and the 100 hourly Simple moving average.
• There is a contracting triangle forming with support at $90,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move up if it settles above the $92,500 zone.

Bitcoin Price Dips Again

Bitcoin price managed to stay above the $90,000 zone and started a fresh increase. BTC gained strength for a move above the $91,500 and $92,000 levels.

However, the bears were active near $92,500. A high was formed at $92,269 and the price recently corrected some gains. There was a drop below the 50% Fib retracement level of the upward move from the $87,777 swing low to the $92,269 high.

However, the bulls were active near the $90,000 support. Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. Besides, there is a contracting triangle forming with support at $90,000 on the hourly chart of the BTC/USD pair.

If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $90,800 level. The first key resistance is near the $91,200 level. The next resistance could be $92,000. A close above the $92,000 resistance might send the price further higher. In the stated case, the price could rise and test the $92,500 resistance. Any more gains might send the price toward the $93,500 level. The next barrier for the bulls could be $94,200 and $94,500.

More Losses In BTC?

If Bitcoin fails to rise above the $92,000 resistance zone, it could start another decline. Immediate support is near the $90,000 level. The first major support is near the $89,500 level and the 61.8% Fib retracement level of the upward move from the $87,777 swing low to the $92,269 high.

The next support is now near the $88,800 zone. Any more losses might send the price toward the $87,500 support in the near term. The main support sits at $86,500, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $90,000, followed by $89,500.

Major Resistance Levels – $91,200 and $92,000.

Bitcoin hovered around $90,000 on Tuesday while Asian stocks slipped, as traders grew uneasy about how quickly the US Federal Reserve will cut rates after a widely expected move this week.

MSCI Inc.’s gauge of Asia Pacific shares outside Japan fell about 0.2% as benchmarks in Korea, Japan and Australia opened in the red.

US stock futures moved slightly higher, offering a small offset after the S&P 500 lost 0.3% on Monday and US Treasuries joined a broader global bond sell-off. Australian bond yields climbed ahead of a monetary policy decision later in the day.Market snapshot

• Bitcoin: $90,227, down 0.8%
• Ether: $3,109, up 0.3%
• XRP: $2.07, up 0.1%
• Total crypto market cap: $3.16 trillion, down 0.8%

📊 As Bitcoin's market value hovers around $90K, crypto's top market cap continues to see its supply moving away from exchanges. Over the past year, there has been:📉 A net total of -403.2K moving off exchanges📉 A net reduction of -2.09% of 's entire supply moving… — Santiment (@santimentfeed) Markets Adjust As Traders See Fewer Cuts Ahead Amid Fed Uncertainty

The Fed meets on Wednesday and is widely expected to deliver a 25 basis-point rate cut, a step that traders have treated as nearly certain for days. The real debate now centres on what comes next, with investors increasingly nervous that policymakers will signal a “slower pace” of easing in the months ahead.

Still high inflation and a lack of fresh data during the government shutdown have fed “divisions” inside the Fed, according to some investors and analysts.

After this week’s likely cut, money markets now lean toward only two more moves by the end of 2026, down from three that were priced in barely a week ago, a shift that matters for Bitcoin and other digital assets that trade closely with global liquidity conditions.

In bond markets, the US 10-year Treasury yield hit its highest level since September during Monday’s session, extending selling pressure in Europe and Japan and lending support to the dollar. Higher long term yields tend to tighten financial conditions, a backdrop that can cap risk appetite even as traders talk about rate cuts.Markets Waver As December Cut Bets Firm But Policy Path Remains Unclear

Wall Street’s main indexes closed lower on Monday, with most S&P 500 sectors finishing in negative territory while Treasury yields pushed higher.

Hopes for a December rate cut firmed after data last week showed consumer spending increased “moderately” toward the end of the third quarter, although investors still want clearer signals on future policy moves from what many see as the most “divided Fed” in years.

Derivatives pricing reflects that tension. Traders are now assigning roughly an 89% chance of a 25 basis-point cut on Wednesday, while expectations for additional easing have been trimmed.

For crypto markets, any surprise in the statement or the press conference could quickly show up in sharp moves around the $90,000 level.Policy Signals From Beijing And Washington Guide Asian Equities And Crypto

Chinese assets remained in the background as Beijing’s top leaders set “domestic demand” as their main economic priority for 2026 while signalling a measured approach to stimulus. Any conviction that China will stabilise growth without aggressive easing could influence regional risk appetite and therefore the broader tone for Asian equities and crypto alike.

Monetary policy politics are also in play. Kevin Hassett, seen as a leading candidate to become the next Fed chair, said it would be irresponsible for the Fed to lay out a plan for where it aims to take interest rates over the next six months.

The White House National Economic Council director told CNBC that following the economic data remains crucial, a stance that points to more meeting-by-meeting decisions rather than a pre-set easing path.

For crypto traders, the coming days look pivotal. Greg Magadini, director of derivatives at Amberdata, said this upcoming week is going to be driven by the FOMC rate decision. “This will set the tone for the EOY sentiment. Odds are shifting toward a -25bps cut, which could set the stage for an end-of-year rally in crypto and risk assets,” he said.

He added that Trump is expected to announce his pick for Fed chair in early 2026, with Senate approval to follow and the new chair taking over in May 2026 after Powell.

That handover, combined with this week’s decision, is already feeding into long-term positioning in Bitcoin and the rest of the digital asset market, even as prices hold near $90,000 for now.

Dogecoin is trading directly on top of a long-term support band defined by its monthly Ichimoku cloud, according to a chart shared by crypto analyst Cantonese Cat (@cantonmeow) via X. The analyst summed it up by saying DOGE is “licking the bottom of its monthly Ichimoku cloud.”

Dogecoin Hovers At Key Monthly Ichimoku Support

The 1-month DOGE/USDT chart on Binance, captured on 7 December 2025, shows Dogecoin at around $0.14050, down about 3.8% for the month so far. The monthly candle opened at $0.14599, reached a high of $0.15340 and a low of $0.13177, underlining relatively tight but clearly downward monthly price action.

On the chart, the Ichimoku indicator uses standard 9-26-52-26 settings. The fast conversion line (Tenkan-sen) currently sits near $0.20092, and the base line (Kijun-sen) around $0.27491. The leading spans that form the cloud are plotted near $0.23792 and $0.26674, producing a forward-projected red Kumo that extends well into 2026.

With DOGE at roughly $0.14, price is trading far below both Tenkan and Kijun and is positioned just at the lower boundary of the projected cloud.

That lower cloud edge, which bends into the low-$0.12 to mid-$0.13 area before flattening, is the zone highlighted by Cantonese Cat. The October monthly candle shows a long lower wick that briefly pierced deep below, toward the mid-$0.06 region, but closed back above the cloud floor. The current, still-forming candle again tests just under that boundary and is, at the time of the snapshot, holding marginally above it around $0.14.

For Ichimoku practitioners, the lower Kumo boundary is often treated as the final structural support in a still-constructive higher-timeframe trend. In this case, the implication of the chart is clear: as long as monthly closes remain above roughly $0.12–$0.14, the multi-year structure can still be interpreted as a long-term bottoming zone rather than a completed breakdown.

In other words, for this analyst, Dogecoin’s prospective bottom hinges on whether that monthly Ichimoku support band in the $0.12–$0.14 range continues to hold.

DOGE Sits Inside Key Support Zone In The Weekly Chart

On the weekly DOGE/USDT chart, price is sitting directly in the highlighted red support zone around $0.135–$0.145. This band coincides with a prior multi-week consolidation area and a former horizontal resistance level that capped price before the last major breakout.

Over the past several candles, weekly closes have clustered inside this zone while wicks repeatedly probe through it, underlining how aggressively the market is testing this level. The current candle trades near $0.14392, keeping Dogecoin inside the upper half of the support block but still below the 20-, 50-, 100- and 200-week EMAs, with the 200-week EMA at $0.15563 now just overhead.

At the same time, DOGE has clearly lost the rising black trendline that had connected higher lows from the left side of the chart. After breaking beneath this trend support, the DOGE price dropped sharply. The intersection of the broken trendline and the nearby moving averages now forms an overhead supply region, meaning price is compressing between these levels and the red horizontal support zone.

Crypto companies seeking a US federal bank charter should be treated no differently than other financial institutions, says Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC).

Gould told a blockchain conference on Monday that some new charter applicants in the digital or fintech spaces could be seen as offering novel activities for a national trust bank, but noted “custody and safekeeping services have been happening electronically for decades.”

“There is simply no justification for considering digital assets differently,” he added. “Additionally, it is important that we do not confine banks, including current national trust banks, to the technologies or businesses of the past.”

The OCC regulates national banks and has previously seen crypto companies as a risk to the banking system. Only two crypto banks are OCC-licensed: Anchorage Digital, which has held a charter since 2021, and Erebor, which got a preliminary banking charter in October.

Crypto “should have” a way to supervision

Gould said that the banking system has the “capacity to evolve from the telegraph to the blockchain.”

He added that the OCC had received 14 applications to start a new bank so far this year, “including some from entities engaged in novel or digital asset activities,” which was nearly equal to the number of similar applications that the OCC received over the last four years.

The U.S. Justice Department announced today that a key figure in a $263 million social engineering scheme has pleaded guilty to charges.

Before U.S. District Court Judge Colleen Kollar-Kotelly, California resident Evan Tangeman, 22, admitted guilt to participating in a Racketeer Influenced and Corrupt Organizations (RICO) conspiracy by laundering over $3.5 million for the scheme. Tangeman is the ninth defendant to plead guilty in this investigation, the statement noted.

The social engineering enterprise ran its scheme from October 2023 to May 2025. The syndicate grew from a group of friends on online gaming platforms, scattered across California, Connecticut, New York, Florida, and abroad. The scheme stole around 4,100 BTC, valued at $263 million at the time. The same amount is currently worth $371 million.

The group, composed of hackers, organizers, target identifiers, callers, and residential burglars targeting hardware wallets, used stolen databases to target subjects of the attack. Hackers accessed websites and servers to gain crypto-related databases, while identifiers used the database to determine the most valuable targets.

"Callers were responsible for cold-calling victims and convincing them their accounts were the subject of a cyber-attack and the callers were attempting to help secure their accounts," the indictment said. 

The stolen cryptocurrency was used to purchase millions of dollars worth of nightclub services, luxury handbags, watches, cars, rental homes, private jet rentals and a team of private security guards.

Tangeman assisted the scheme's members by using a bulk-cash converter to exchange the stolen cryptocurrency into cash, which the members used to obtain rental homes. He then used fake names on property leases, concealing the real owners. Tangeman's sentencing is scheduled for April 24, 2026. 

With Tangeman's guilty plea, the court unsealed its second superseding indictment of the case, which charges three more defendants — Nicholas Dellecave, Mustafa Ibrahim and Danish Zulfiqar — who were recently arrested.

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The US Commodity Futures Trading Commission (CFTC) has issued updated guidance for tokenized collateral in derivatives markets, paving the way for a pilot program to test how cryptocurrencies can be used as collateral in derivatives markets.

Collateral in derivatives markets serves as a security deposit, acting as a guarantee to ensure that a trader can cover any potential losses. 

The digital asset pilot, announced by CFTC acting chairman Caroline Pham on Monday, will allow futures commission merchants (FCM) — a company that facilitates futures trades for clients — to accept Bitcoin (BTC), Ether (ETH) and Circle’s stablecoin USDC (USDC) for margin collateral.

The CFTC pilot is another step toward integrating crypto into regulated markets, and Circle CEO Heath Tarbert said it will also protect customers, reduce settlement frictions because tokenized collateral moves instantly onchain, and assist with risk reduction. 

Pham said in a statement that the pilot program also “establishes clear guardrails to protect customer assets and provides enhanced CFTC monitoring and reporting.”

As part of the pilot, participating FCMs will be subject to strict reporting criteria, which require weekly reports on total customer holdings and any significant issues that may affect the use of crypto as collateral.