Ethereum News Update: Altcoins Face Critical Juncture—December Turning Point May Spark Market Recovery or Downturn

The crypto market appears poised for a significant move as alternative coins gather near important technical thresholds, attracting fresh interest from both traders and large-scale investors. Bitcoin’s recent ability to hold above $88,000

for risk-taking behavior, while (ETH) and are still facing downward pressure but are beginning to show hints of recovery after an extended bearish trend . At the same time, lesser-known tokens such as , STRK, and others are becoming key targets for speculative investments, with analysts predicting a “final shakeout” before the market as a whole rebounds .

Ethereum’s technical outlook remains delicate, with the coin trading under major moving averages and nearing oversold levels on the Relative Strength Index (RSI)

. The 200-day EMA is positioned at $3,560, acting as a ceiling for upward movement, while the MACD continues to . Still, recent price movements hint at a possible turning point: has managed to stay above $3,100, a level that, if maintained, could prompt a challenge of the $3,470 resistance . The Account Abstraction team at the Ethereum Foundation is also making efforts to , a move that could enhance user experience and promote broader adoption over time.

XRP is at a pivotal moment as well, with its price lingering near a vital support range of $2.07–$2.10. Should it fall below this zone, the decline could accelerate toward $2.00 and possibly $1.90, a level last reached in June

. The RSI nearing oversold conditions and the MACD’s ongoing sell signal highlight the fragility of the current situation . As for ICP, the token has entered a narrow trading range between $4.92 and $4.97 after failing to break above $5.17. during the unsuccessful breakout—32% above the daily average—suggests a move into a corrective phase. A decisive move above $4.97 could revive bullish momentum, while losing current support may prolong the decline.

The wider altcoin sector has shown some signs of recovery, with assets like

, CRO, and INJ recording gains of 2% to 6% . The CoinDesk 10 Index, which excludes , is slightly up over the past 24 hours but remains 19.5% below its monthly high . This contrast underscores a split in the market: Bitcoin’s dominance has slipped to 58% from 60% at the start of November, indicating a move of capital into smaller coins as traders prepare for potential liquidity shifts .

The outlook is still uncertain. If Bitcoin loses its $88,000 support, it could trigger renewed selling across the market, while ongoing regulatory ambiguity and security risks—

—continue to dampen confidence. Nevertheless, for those willing to manage the volatility, the current consolidation in altcoins may offer a strategic entry point ahead of what some analysts call a “December turning point” .