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Ethereum is starting December in Bitcoin’s shadow. The token is selling off with the rest of crypto but holding key support zones as traders wait for signs of stabilization in risk assets. It has lagged Bitcoin on the way up this cycle, giving the tape less euphoria but also less excess to unwind.

The tone shifted from quiet strength to cautious consolidation as macro pressure pulled the entire crypto complex lower.

Against that backdrop, we ran Ethereum through an AI price-prediction agent powered by OpenAI’s GPT.

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The model generated a thirty-day outlook based on recent trading action and a focused set of technical indicators. At the time of the run, Ethereum traded at $2,752.20. For the period from Dec. 1 through Dec. 31, the model’s base-case projection came out to:

• Average predicted price: $2,900.80

• Implied move: about 5.4% higher

• Signal snapshot: MACD turning positive, RSI deeply oversold

The forecast points to a modest recovery as Ethereum stabilizes after a sharp pullback. Still, broader AI price prediction says that Ethereum could reach $28,230.61 by 2030.

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MACD has climbed back toward its signal line after a multiweek slide, reflecting early signs of regained momentum. RSI in the low-30s signals oversold conditions that often precede short-term bounces when macro headwinds ease. The model reads the tape as fragile but capable of a rebound.

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Ethereum’s latest move is macro-led. A risk-off shift tied to global rate concerns and thin weekend liquidity has hit BTC and ETH simultaneously, pushing ETH below $2,918 support and forcing a test of the $2,800 zone. Leverage resets and forced liquidations have amplified the drop, with hundreds of millions in liquidations across majors.

On-chain fundamentals remain stable. Gas fees are low, network activity is consistent, and developer momentum continues ahead of the December “Fusaka” upgrade aimed at improving L2 scaling and lowering transaction costs. The fundamental story has not broken even as the chart has weakened.