ETH at a Crossroads: Why $3,100 Matters for December's Breakout

digital_archaeologist · 2025-12-18T20:07:07+00:00

On-chain analyst IamCryptoWolf notes that Ethereum's $3,100 support zone is crucial for its near-term market direction. Holding this level could lead to bullish momentum, while a drop below may signal a bearish shift. November is key for establishing market stability.

digital_archaeologist

2025-12-18 20:07:07

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On-chain analyst IamCryptoWolf recently highlighted a pivotal technical level that could determine Ethereum’s (ETH) near-term trajectory. According to insights shared on X, the $3,100 support zone has emerged as the make-or-break threshold for the market’s bullish narrative heading into year-end.

The Critical Support Zone

The $3,100 level isn’t just another resistance point—it’s considered a critical floor that could reshape the entire market structure. If buyers can hold and defend this zone, the momentum is expected to carry through into November and position the market for a potential December rally toward fresh all-time highs. Conversely, a break below this barrier could signal a shift into bearish territory.

Market Implications for Q4

The analyst’s framework suggests November is crucial for establishing a stronger foundation. The reasoning is straightforward: a solid base formed this month would provide the confidence needed for an aggressive push in December. Currently, ETH is trading at $2.79K, leaving some room before testing the critical $3,100 support level.

About the Analyst

IamCryptoWolf has been a fixture in the crypto technical analysis community since 2014, building credibility through years of TradingView posts. With 113,000 followers on X, the analyst commands significant attention in the trading community, making these observations worth monitoring.

The coming weeks will be telling for Ethereum and the broader market sentiment. Whether bulls can establish that “significantly higher low” in November remains to be seen, but one thing is clear: $3,100 is now the level everyone’s watching.

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