Ethereum Price Dips Back to $3,100 — Is a Bullish Crossover on the Horizon?

Updated

December 11, 2025

Gambar Ethereum Price Dips Back to $3,100 — Is a Bullish Crossover on the Horizon?

Jakarta, Pintu News – On December 10, the price of Ethereum experienced a 6.7% increase and rose to $3,320. This increase followed the breakout pattern confirmed on December 3, which still shows potential upside towards the $3,710 target.

However, the appearance of mixed signals indicates that this upward movement may take longer to materialize. So, how will Ethereum price move today?

Ethereum Price Drops 3.74% in 24 Hours

On December 11, 2025, Ethereum was trading at approximately $3,185, or around IDR 53,209,593 — marking a 3.74% drop over the past 24 hours. During that time, ETH reached a low of IDR 53,156,061 and climbed as high as IDR 57,542,290.

At the time of writing, Ethereum’s market capitalization is estimated at IDR 6,408 trillion, while its daily trading volume has increased by 6% to IDR 555.18 trillion over the same period.

Breakout Structure Persists, Bullish Crossover Begins to Form

Ethereum price is still moving within the inverse head-and-shoulders breakout pattern that started forming since late November. This pattern remains valid beyond December 3 as the right shoulder support level of $2,710 still holds. The pattern will only weaken if the ETH price drops below that level.

One important trigger at the moment is the formation of a bullish crossover between the 20-period EMA and the 50-period EMA. The EMA (Exponential Moving Average) is a price moving average indicator that gives greater weight to the most recent price.

A bullish crossover usually indicates that buyer strength is on the rise, and price momentum is likely to continue moving up. If formed, this signal could push ETH prices closer to the $3,710 target.

However, this crossover will only happen if selling pressure does not increase. One on-chain metric shows why the market still needs to be cautious.

On-Paper Profits Create Profit Opportunities

Ethereum’s Net Unrealized Profit/Loss (NUPL) indicator measures the “profits on paper” held by all ETH wallets. As the NUPL increases, more and more asset holders are encouraged to sell as they have potential unrealized gains.

Currently, Ethereum’s NUPL has climbed to the 0.296 mark, which puts it within the Optimism-Anxiety zone. This is the highest level since early November.

The last time NUPL reached a similar level – which was on December 3 – the price of ETH fell by about 5.2% in two days, as many investors took profits.

Similar conditions appear again at the moment. Profitability is on the rise while ETH prices are approaching resistance levels. This increases the likelihood that some holders will sell before the bullish crossover signal is fully formed. If this sell-off occurs, then the crossover could fail to form, and the upward price momentum could stall – even though the breakout structure is still valid.

This is the reason why prices may take longer to rise again.

Ethereum Price Key Levels: What Could Pave the Way to $3,710 – and What Could Derail It

If the bullish crossover manages to form and the pressure from NUPL remains under control, then Ethereum price has a pretty clear upside opportunity:

An early signal comes if ETH manages to close above $3,390 on the 12-hour chart.
After that, the next resistance is at $3,570.
If the price manages to cross $3,570, it opens a full path towards the $3,710 target, which is a projected 20% upside from the breakout point.

However, if the selling pressure increases, then the technical structure starts to weaken.
ETH price is still considered to be in a breakout pattern as long as it stays above $2,710. But if it drops below $2,610, then this setup is considered void, and a deeper correction is likely.

For now, ETH is between two forces:

Bullish crossover that could push the price to $3,710
And the rise in paper profits could tempt investors to sell and slow the rise.

The next few trading sessions will determine the next direction.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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