Ethereum’s End-Of-Year Rally Still At Play? Analysts Eye 50% December Jump

The Bitcoin price appears to be entering a new recovery phase, as the leading cryptocurrency recaptured the $91,000 level after falling by more than 30% from all-time highs last Friday, tumbling to an 8-month low of $80,000.

Critical Bitcoin Price Range

Technical analyst Daan Crypto Trades highlighted on social media site X (formerly Twitter) on Wednesday that the critical region for investors to monitor right now is between the $89,000 and $91,000 range. 

He observed that this price level acted as support in late 2024 and early 2025 before becoming a point of resistance during President Donald Trump’s recent tariff negotiations with the world’s top economies, including China. 

After breaking out of this zone almost exactly one year ago, the Bitcoin price reached new highs of $109,000 in January, which held until a new uptrend in May of this year resulted in BTC reaching $112,000. 

Daan emphasizes that a strong consolidation above these levels could pave the way for a rally toward the $106,000 to $108,000 range. Conversely, if Bitcoin falls back below these levels, it could revisit last week’s low of $80,000, which he identifies as the nearest support.

Bullish Sentiments Amid Caution

Another analyst, BitcoinVector, echoed Daan’s bullish sentiment but cautioned that the market remains in a high-risk environment and that the current momentum has yet to strengthen significantly. 

According to BitcoinVector, steady momentum is required for Bitcoin to break out of the compression pattern that has formed since its all-time high. 

He laid out the bullish path: first, the Bitcoin price must close within the $89,000 to $90,000 zone, followed by consolidation above this area, and finally, a breakout through the $93,500 to $95,000 compression band.

For this recovery to gain traction, BitcoinVector stressed the importance of a “Risk-Off Signal,” indicating that buyers must begin to overpower sellers while generating momentum. Without such momentum, each upward movement would merely be a tactical reaction rather than indicative of a structural recovery. Prolonged Bear Market Ahead?

Market analyst Skew provided additional insights, noting that the four-hour chart for Bitcoin appears more constructive for bulls. He pointed to several indicators suggesting upward momentum, including the price being above the four-hour 50 EMA, the RSI remaining above 50, and the Stochastic RSI trending higher. 

Skew identifies the $88,000 mark as a crucial “line in the sand,” arguing that a drop below this level would signal weakness and a failed attempt to gain momentum.

Despite the cautious optimism from some analysts, others, like Jacob King, offer a starkly different perspective. He argues that given the Bitcoin price decline from its all-time high in October, it has never experienced such a fall followed by a sustained bull market. 

According to King, Bitcoin is now in a bear market that may persist for years, poised to affect the fortunes of countless investors, particularly those heavily leveraged.

As of this writing, the Bitcoin price stands at $91,390, marking a 4% recovery within the last 24 hours. This places the cryptocurrency 27% below its all-time high. 

Featured image from DALL-E, chart from TradingView.com 

VeChain will talk with Rekord AG about Digital Product Passport technology and how it can help Europe’s digital growth. Such events can help VeChain’s token if they show new deals or real business use. If traders and investors see VeChain making partnerships or moving into real-world work, it could increase demand for VET. Still, talks alone may not drive a large price move unless new partnerships or solutions are revealed during the event. More about the talk is available source.

The planned delisting of GOATS from ONUS could have a negative effect on the price. When a token is removed from an exchange, it becomes harder to buy or sell, leading to less demand and lower liquidity. This often results in selling pressure as users may try to exit their positions before the removal deadline. Also, ONUS stopping support means users must act fast or risk asset loss. Traders should watch for possible price drops around the delisting dates. Learn more from the official announcement source.

The launch of Arise Playtest 3 gives more users a chance to try the game, with rewards and new features like weapons and dungeons. This wider access can attract fresh players and bring more interest to the Cross The Ages token. If feedback is good, the token could see more buying, especially if rewards require using or holding CTA. However, playtests do not always lead to big price moves unless they highlight real progress or adoption. Details are shared by the Cross The Ages team source.

Bitcoin’s most important reversal signal may finally be forming. After three weeks of relentless sell pressure from US spot markets and record ETF outflows, a rare cluster of metrics is shifting in unison.

The Coinbase Premium is recovering, whales are going long aggressively, funding rates have flipped negative, and fresh ETF inflows have reappeared. Analysts say it is the first coordinated improvement in Bitcoin’s market structure since early November.

US Selling Pressure Suddenly Cools After 22 Days of Pain

For most of November, US-based entities drove the price of Bitcoin lower. The Coinbase Premium Index, which compares BTC prices on Coinbase Pro (heavily used by US institutions) versus global exchanges, remained negative for 22 consecutive days, marking the longest discount window of 2025.

Analyst Crypto Goos added that every time this indicator turns “deeply red,” Bitcoin dumps, recognizing the budding change this week. Now it’s starting to cool off, which could signal the beginning of a reversal.

Dark Fost, who reportedly monitors the indicator daily, said the same selling cohort, institutions, professionals, and US whales, has sharply reduced pressure since the panic peak on November 21.

Elsewhere, analysts note that the most significant shift is occurring in position data, with whales going long on Bitcoin more aggressively than individual investors for the first time in history.

With the Coinbase Premium rising again, funding rates falling, and retail showing hesitance, analysts say such conditions often precede sustained uptrends.

In the same tone, analyst Daan Crypto Trades confirmed the spot dynamic improving underneath, citing a steadily returning Coinbase premium with funding rates turning negative. In his view, even small improvements matter because the prior sell pressure was extreme.

Macro Flips Risk-On: Dollar Rejects, Yields Break Lower, and ETF Flows Finally Turn Green Again

However, others observe key catalysts emerging from the macro level, with MV Crypto highlighting a series of market-wide shifts.

Against this backdrop, the prevailing sentiment is that it may be time to adopt a bullish stance rather than a bearish one, thanks to macroeconomic conditions turning positive for the crypto market.

Large transfers and associated flow signals add credence to this line of thought, with SpaceX moving $105 million worth of Bitcoin to Coinbase Prime for custody.

Additionally, after one of the worst ETF outflow months on record, November 25 and 26 finally posted positive inflows.

Historically, Bitcoin performs best when ETF inflows and the Coinbase Premium rise in tandem, signaling broad US demand across both institutional products and spot exchanges.

Analyst Ted has, however, issued a more cautious tone, indicating that even though the Coinbase Bitcoin premium is recovering now, until this trajectory stabilizes in favor of the upside, most BTC rallies will be sold.

Perhaps that is exactly where the market sits, a state that is not fully reversed, but no longer bleeding. This aligns with a recent BeInCrypto analysis that highlighted lingering liquidity concerns despite the Bitcoin price climbing over $90,000.

With whales increasing longs, US sell pressure cooling, funding rates going negative, macro flipping bullish, and ETF inflows reappearing, analysts say Bitcoin is entering its first legitimate window for upside since early November.

Terraform Labs co-founder Do Kwon has asked a US judge to cap his prison time at five years for his role in the collapse of the Terra ecosystem, which erased about $40 billion from crypto markets in 2022.

In a court filing on Wednesday, Kwon argued that a longer term would be excessive given the punishment he has already served and the penalties he has agreed to accept, according to Bloomberg.

Kwon pleaded guilty in August to two counts of wire fraud and conspiracy to defraud after being extradited from Montenegro, where he had been detained. His lawyers said he has spent nearly three years behind bars, “with more than half that time in brutal conditions in Montenegro,” and that he has already paid a heavy personal and financial price.

Under the plea agreement, US prosecutors agreed not to seek a sentence longer than 12 years. However, the defense urged the court to go further, calling anything beyond five years “far greater than necessary” to achieve justice. Kwon also agreed to forfeit more than $19 million along with several properties as part of the deal.

Kwon to face prison time in South Korea

After the US sentencing, Kwon’s legal troubles are not going to be over. Prosecutors in South Korea are pursuing a separate case tied to the same events and are seeking up to 40 years in prison there.

Kwon is scheduled to be sentenced by US District Judge Paul Engelmayer in Manhattan on Dec. 11. Prosecutors are expected to submit their own recommendation in the coming days.

After the 2022 Terra crash, Kwon’s whereabouts were largely unknown until Montenegrin authorities arrested him for using falsified travel documents. He served four months in prison there before US and South Korean officials both petitioned Montenegro for extradition, which was complicated by challenges in the country’s lower courts.

Related: Three years after FTX’s collapse, creditors wait as the industry rebuilds trust

SBF appeals conviction

Kwon is not the only crypto-related figure that has not gotten off easy. In 2024, a federal judge sentenced former FTX CEO Sam Bankman-Fried to 25 years in prison. Earlier this month, the case headed back to court as the former FTX CEO challenged his conviction and sentence in a US appeals court, where his lawyers argued that he was denied a fair trial.

The defense said the jury never heard evidence suggesting FTX remained solvent and claims an early narrative that customer funds were stolen shaped the case before Bankman-Fried could properly defend himself.