Home » Bitcoin and Ethereum Price Outlook: Can BTC Hold Support as ETH Tests $3,500?

Bitcoin and Ethereum Price Outlook: Can BTC Hold Support as ETH Tests $3,500?

by Bella Baker


Bitcoin and Ethereum are moving in a tight market today, with traders adding more leverage even as prices sit near recent highs.

As of December 11, Bitcoin (BTC) trades around $92,585. The price is flat over the past 24 hours, and its weekly performance shows a slight decline, based on CoinGecko data.

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Ethereum (ETH) sits near $3,354. It is up about 0.8% on the day and nearly 6.9% over the week, giving it stronger short-term momentum compared to Bitcoin.

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Bitcoin Price Prediction: Can BTC Hold the $91,800 Support After the FOMC Volatility?

For Bitcoin, derivatives continue to steer most intraday movement. CoinGlass data shows BTC futures open interest close to $59.2Bn. 

Bitcoin holds key support near $91,800 while Ethereum tests the $3,500 barrier as leverage builds across markets today.
(Source: Coinglass)

Futures volume over the past 24 hours stands near $97.3Bn, while spot trading is only about $8.0Bn. The gap shows how much the market still leans on leverage.

It’s small compared to centralized futures activity, but it confirms that native BTC perp markets remain active. Rising fees and heavy address activity also point to continued demand on the base layer.

Bitcoin is keeping its bullish structure after the FOMC meeting, and traders are watching whether the market can stay above the key $91,800 support level.

Crypto analyst Michael van de Poppe said on X that “Bitcoin remains to be following the bullish path,” adding that the post-FOMC swings have not broken its broader trend. 

He said the main question now is whether BTC can hold $91.8K. If it does, he expects a move toward $100,000 as price “takes out the highs and starts to accelerate.”

His chart shows a multi-week consolidation phase, with Bitcoin defending support and forming higher lows since late November. Price is also reclaiming short-term moving averages, which points to improving momentum.

Van de Poppe also noted a large liquidity pocket above current levels. He believes a strong breakout could trigger a quick move upward. A clean push past the $100,739 resistance would also break the broader December downtrend and add strength to the bullish outlook.

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Ethereum Price Outlook: Can ETH Break the $3,500 Resistance Zone?

CoinGlass data puts ETH futures open interest above $41.4Bn, with more than $91.3Bn in 24-hour futures turnover and about $5.8Bn in spot volume.

Bitcoin holds key support near $91,800 while Ethereum tests the $3,500 barrier as leverage builds across markets today.
(Source: Coinglass)

DeFiLlama also reports that Ethereum-based perp platforms handled nearly $3.5Bn in trading volume over the past day, with open interest above $182M.

Bitcoin holds key support near $91,800 while Ethereum tests the $3,500 barrier as leverage builds across markets today.
(Source: DefiLlama)

This keeps Ethereum at the center of on-chain leverage activity.

ETH is trying to recover after several weeks of selling. The price is now testing a key resistance zone near $3,500. 

The chart shows a bounce from early-December lows and a move back above short-term moving averages. 

But the broader trend still leans bearish, as the 50-day and 100-day averages continue to slope downward.

The $3,450–$3,500 range has been a major level since September. It worked as support for months and has now flipped into resistance. ETH needs a clean breakout and a steady hold above this area to shift momentum.

The analyst summed it up simply: “$ETH needs to reclaim and defend $3500 for a sustainable rally. Otherwise, I’m turning cautious.”

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The post Bitcoin and Ethereum Price Outlook: Can BTC Hold Support as ETH Tests $3,500? appeared first on 99Bitcoins.





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