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Ethereum price could close December trading in a subdued posture as price action remains compressed within a well-defined range. Market structure across multiple timeframes points to consolidation near key support, with analysts divided on whether 2026 brings recovery or deeper downside.

Near-term targets remain capped below $4,000, while broader signals suggest volatility may stay muted until liquidity improves.

Ethereum Price Stalls as Consolidation Dominates Year-End

According to analyst Ted Pillows, the 10-day ETH price chart on Binance reflects a prolonged period of consolidation following November’s sharp rejection near $4,200. Repeated upside attempts were capped by layered resistance between $3,400 and $3,800, forming a tight ceiling. Price continues hovering around $2,900 to $3,000, indicating indecision.

Moreover, a thick support zone around $2,700 to $2,800 has remained intact despite multiple tests. Shrinking candle sizes point to declining volatility, consistent with holiday-thinned trading conditions. The range-bound behavior suggests traders are awaiting clearer catalysts.

$ETH has gone almost nowhere since yesterday.

Ethereum is still stuck in a range, and maybe we won't see any major volatility until 2026 starts. pic.twitter.com/stOJrVJmzl

— Ted (@TedPillows) December 28, 2025

In addition, post-options expiry dynamics and year-end positioning have historically reduced directional conviction. Ted noted that Ethereum has stagnated, reinforcing expectations of limited movement into early January. Breakout scenarios may depend on renewed liquidity or external drivers.

Bearish Cycle Warning Raises Downside Risks

Meanwhile, market analyst AshCrypto highlighted a cautious outlook on the 3-day CoinEx chart spanning early 2025 through mid-2026. The structure shows a breakdown from a multi-year uptrend that peaked near $5,000. Descending arcs and rounded tops signal bearish continuation.

$ETH IS DONE FOR THIS CYCLE 🚨

Be prepared for a crash now. pic.twitter.com/BeOqTEifER

— Ash Crypto (@AshCrypto) December 28, 2025

Furthermore, price currently sits just above a rising dashed support line near $2,800. A decisive close below this level could expose targets between $1,000 and $2,000, based on projected measured moves. Repeated lower highs reinforce the weakening trend.

However, Ethereum price has historically staged sharp reversals from oversold conditions. Staking yields and layer-two expansion remain structural supports beneath the market. While bears control momentum, invalidation risks remain elevated near key technical levels.

Monthly Data Echoes Past Bear Market Stress

Additionally, data from market commentator DustyBC Crypto shows Ethereum price on track for its ninth red month in 2025. CoinGlass’s monthly returns reveal heavy losses earlier this year, including sharp declines in February, March, and November. December is also set to close negative.

This pattern closely mirrors 2018, when an extended downside preceded market capitulation. During that period, sustained negative months marked the later stages of the bear cycle. The comparison suggests exhaustion selling may already be underway.

$ETH is currently on track to close its 9th red month this year.

The last time this occurred was during the 2018 bear market. pic.twitter.com/NJAhKbiRvY

— DustyBC Crypto (@TheDustyBC) December 28, 2025

That said, historical extremes often attract contrarian interest. Prior cycles showed recovery following prolonged drawdowns, especially as sentiment reset. While near-term pressure persists, long-term participants may begin positioning for a potential 2026 rebound.

Ethereum price enters the new year constrained by technical levels and cautious sentiment, leaving direction dependent on renewed volume and macro clarity. At the time of writing, ETH price is trading at around $3,000 while holding key support.

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