- Ethereum might retrieve and retain $3,660 or remain locked below it.
- Whether the new 60 million gas limit holds smoothly and whether more increases follow.
- The final year-end ACD discussions, then an easy stretch until the regular schedules are resumed.
Ethereum (ETH) is sitting at a key turning area after a sharp daily pullback, while builders close out the final developer calls of the year and the network’s Layer 1 gas limit steps up again.
At the time of writing, Ethereum was trading at $2,828.86, down 4.08% within the last 24 hours. 24-hour trading volume is at $46.89 billion, with market cap at $341.43 billion and dominance at 11.75%.
Long-Term Targets Range $10K–$15K
One prevalent viewpoint depicted the current chart as a classic decision zone formation. In a post to his journal, Crypto Patel explained that ETH is still bearish below $3,660, stating that a clean breakout and close above that price would represent a structural shift.
In that scenario, the post argues, bigger long-range targets such as $10,000 to $15,000 could return to focus. Until then, the outlook maintains a reserved stance, but it is also posited that larger pullbacks could then be looked upon as opportunities for accumulation by investors to assemble a holdings base.
On the developer front, Ethereum’s weekly coordination activities are also easing into the end of the year. Researcher Christine D. Kim reported that developers were winding down for the holidays and included comments from the penultimate All Core Developers (ACD) call of the year.
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Ethereum L1 Gas Limit Rises to 60 Million
Also, a community educator, Sassal.eth, posted that the Ethereum Layer 1 gas limit is now at 60 million units, hailing it an achievement with even loftier targets in the new year. The post also established an early target in 2026, hoping to increase the gas limit to about 3x, reaching a total of 180 million.
Higher gas limits may increase total block capacity, but this may also increase operating difficulty regarding node operators due to rising throughput. Currently, the Ethereum price is positioned at a point where the clean break that will lead to the subsequent leg could go up or down.
Also Read | Ethereum Bullish Pattern Suggests Path Toward $8,557 Price Target
