Dogecoin started a steady increase above $0.1550 against the US Dollar. DOGE 
is now consolidating and might decline sharply if it trades below $0.1490. 
DOGE price started a fresh increase above $0.1480 and $0.150. The price is 
trading below the $0.1520 level and the 100-hourly simple moving average. 
There is a bullish trend line forming with support at $0.1495 on the hourly 
chart of the DOGE/USD pair (data source from Kraken). The price could aim for 
a fresh increase if it remains stable above $0.1490. Dogecoin Price 
Consolidates Gains Dogecoin price started a fresh increase after it settled 
above $0.1450, like Bitcoin and Ethereum. DOGE climbed above the $0.150 
resistance to enter a positive zone. The bulls were able to push the price 
above $0.1525. A high was formed at $0.1565 and the price is now correcting 
some gains. There was a move below the 23.6% Fib retracement level of the 
upward move from the $0.1330 swing low to the $0.1565 high. Dogecoin price is 
now trading below the $0.1520 level and the 100-hourly simple moving average. 
Besides, there is a bullish trend line forming with support at $0.1495 on the 
hourly chart of the DOGE/USD pair. If there is another increase, immediate 
resistance on the upside is near the $0.1550 level and a connecting bearish 
trend line on the same chart. The first major resistance for the bulls could 
be near the $0.1565 level. The next major resistance is near the $0.160 level. 
A close above the $0.160 resistance might send the price toward $0.1680. Any 
more gains might send the price toward $0.1720. The next major stop for the 
bulls might be $0.1780. Downside Break In DOGE? If DOGE’s price fails to climb 
above the $0.1550 level, it could start a downside correction. Initial support 
on the downside is near the $0.1490 level and the trend line. The next major 
support is near the $0.1450 level and the 50% Fib retracement level of the 
upward move from the $0.1330 swing low to the $0.1565 high. The main support 
sits at $0.1420. If there is a downside break below the $0.1420 support, the 
price could decline further. In the stated case, the price might slide toward 
the $0.1330 level or even $0.130 in the near term. Technical Indicators Hourly 
MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 
50 level. Major Support Levels – $0.1490 and $0.1420. Major Resistance Levels 
– $0.1550 and $0.1565.

Dogecoin (DOGE) Pauses After Gains, Setting Up for a Possible Sharp Move

Despite Bitcoin remaining below $100,000, crypto sentiment is improving as the 
cryptocurrency has climbed above $90,000.

Crypto sentiment recovers to levels when Bitcoin last traded over $100K

Ethereum (ETH) has joined Bitcoin (BTC) in a notable price recovery, managing 
to reclaim the $3,000 mark. This resurgence could signify a pivotal moment for 
the altcoin, suggesting a potential new upward trend. However, investors 
remain divided on whether ETH may face further declines or if a year-end 
rebound could reignite bullish sentiment. ETH’s December Struggles In order to 
anticipate Ethereum&#8217;s probable moves in December, Alex Carchidi, an analyst at 
The Motley Fool, notes that this month has traditionally been a difficult 
month for the cryptocurrency. Since 2016, Ethereum has only concluded December 
higher than it started in four of the nine years studied. In the remaining 
five cases, the month ended in negative territory. The average December return 
throughout this span is about 7%, indicating that a strong &#8220;Santa rally&#8221; is 
improbable. The median performance shows a 6% drop. Related Reading: Bitcoin 
Price Climbs Back To $91,000: Is The Decline Over? Key Levels To Watch 
Examining the relationship between November and December reveals a more 
intriguing pattern. Between 2016 and 2024, when November has been weak for 
ETH, December often followed suit, with three out of four instances showing 
declines. The only outlier was in 2018, when Ethereum rebounded in December 
after a particularly harsh downturn in November. This historical context 
suggests that a poor performance in November could carry over into December, 
making a cheerful month less probable. But while December&#8217;s performance has 
historically been mixed, the beginning of the year has typically shown strong 
potential for the Ethereum price, particularly in the first and second 
quarters. In fact, average returns tend to peak in the first quarter at around 
77% and the second quarter at approximately 64%, indicating that there may 
still be significant growth on the horizon for the leading altcoin. Tom Lee 
Foresees Ethereum Surging To $7,000 Amidst this hypothetical scenario, Tom 
Lee, chairman of BitMine Immersion Technologies and a major industry advocate, 
predicts a bright future for Ethereum in the near and long term. The executive 
believes that the cryptocurrency could surge to $7,000 per coin heading into 
the first quarter of 2026, reflecting a nearly 150% price surge from its 
current value. Related Reading: Metaplanet In Jeopardy: Bitcoin Needs To 
Surpass $108,000 By December 18 To Prevent New Crisis Lee is even more 
optimistic about the long term, predicting that if his vision for a 
decentralized financial system materializes, the Ethereum price could soar by 
2,090% to reach $62,000 by 2035. After a challenging year in which ETH 
significantly underperformed its peers, it has shown increased resilience, 
especially following the recent crash in crypto prices that saw the token’s 
valuation drop to $2,600 last Friday. Currently, ETH is trading just above 
$3,000. While this is not bullish enough to outpace the recent crash, ETH is 
positioned to recover significantly if demand and capital flow back into 
exchange-traded funds (ETFs) as the year comes to a close. Featured image from 
DALL-E, chart from TradingView.com

Top Analyst Unveils Ethereum (ETH) December Trajectory: 150% Surge On The Horizon?

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Cryptocurrency price in MMK