The last month of the year will determine the most bearish ETH chart – the community is waiting for a rebound in 2026

December as a Turning Point for Ethereum

Ethereum is facing one of the most challenging periods in its history. Since the beginning of 2025, Ethereum has declined by 5.31%, and the current valuation at $3.05K reflects growing investor concerns. Over the past 24 hours, the price has dropped an additional 4.77%, reaching a range of $3.05K–$3.23K, with a trading volume of just $569.52 million.

Analyst Ted Pillows pointed out a key fact: if December ends with a loss, it will be the ninth negative month for ETH in 2025. Such a scenario has no precedent since the bear market of 2018, when the coin experienced an equally long streak of monthly declines.

The price, which peaked above $4000 in August, has been oscillating below the $3000 threshold throughout the latter part of the year, frustrating both traditional investors and traders speculating on a rebound.

What Discourages the Market Regarding Ethereum?

Recently, activity from some major holders has intensified the bearish atmosphere. A wallet attributed to Erick Voorhees, inactive for nine years, was suddenly activated and dumped ETH worth $13.42 million. During the same period, Samson Mow, CEO of JAN3, also liquidated Ethereum holdings to focus solely on Bitcoin.

Such moves signal a shift in market trust and naturally influence the overall sentiment of participants. At the same time, decreased trading volume indicates increased caution and anticipation of clearer market signals.

Long-term Outlook: Hope for 2026

Despite current difficulties, the Ethereum community remains optimistic about the future. Analysts point to historical data: over the past decade, December typically brings an average increase of 5.79%, with exceptional years such as 2017, when Ethereum grew by 70%.

In 2025, positive months appeared only three times — in May (41.1%), July (48.7%), and August (18.7%) — suggesting that favorable market conditions may return. Investors hope that the start of the new year will bring a strong rebound and a shift in the narrative around the largest smart contract network.

Ethereum has less than 96 hours left in the year to make history as a coin that broke the bearish streak, or it will remain a symbol of how turbulent a year can be even for long-term investments.