Guy Fawkes 
The crypto space is beginning to turn. Bitcoin (BTC) is the preferred crypto flavour of the month since it has bounced back from the lows of $88,000 to above $91,000, gobbling up liquidity across the board, highlighting how tricky weekends can be.
However, there is another key player that is not getting nearly as much attention as the crypto gold. The altcoin king,
Ethereum
4.29%
Ethereum
ETH
Price
$3,128.75
4.29% /24h
Volume in 24h
$21.39B
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Price 7d
, has managed to maintain its position above the $3,000 support zone, and is currently trading at
Is this the moment when ETH rallies? On-chain data from Coinglass highlights that ETH saw inflows of $140 million on 3 December 2025, coinciding with the long-awaited Fusaka upgrade.
For now, ETH is holding up well, with its price action trading above the 20, 50, and 100-day EMAs (Exponential Moving Averages), indicating that buyers are stepping in to protect key levels.
(Source: TradingView)
The RSI is sitting at 58, hinting at more upside to come before it reaches overbought territory. If ETH manages to push above $3,270 and hold on a daily close, it would all but confirm the rally. A strong close on the 4-hour chart works as well.
However, if it fails to hold the resistance level, then the $2850–$2815 zone is where buyers may step back in. For now, the mood is cautious since weekend pumps generally fade early into the week.
$ETH continues to outperform $BTC, and the $ETHBTC chart makes that clear.
The trendline break held through a small retest, and momentum is still pointing upward.
That gives ETH a structural advantage right now.Inside the current range I wouldn’t take trades.
Same logic as… pic.twitter.com/lc3ah02HPy— Bishaqs (@Bishaqs) December 8, 2025
The smartest move right now is patience.
EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year
Crypto News Today: Whales Bet $426M On ETH Rally After Fusaka Upgrade
ETH holding above $3,000 has lifted trader sentiments, as they finally move on from the continuous doomsday fears of last month, especially with the big market events lined up.
The most important of them is the Fed’s (Federal Reserve) rate cut decision coming up on 10 December 2025. Every trader in the game is currently expecting a 0.25% rate cut, which will boost the broader crypto market if it comes to pass.
BREAKING:
JPMORGAN CALLS ITS DECEMBER RATE-CUT PUSH A “PIVOTAL SHIFT” IN MONETARY POLICY, SIGNALING MORE LIQUIDITY AND A SOFTER FED INTO 2026. pic.twitter.com/z5c8I6NjJO
— Crypto Emperor (@Cryptoemperor06) December 1, 2025
While the market eagerly waits for the cut, attention has shifted to three whales who are going long on ETH. Together, they have opened up long positions worth $426 million.
The famed BitcoinOG has gone long with a $169 million position, while Anti‑CZ has stacked $194 million in ETH long bets. At the same time, pension‑usdt.eth is holding 20,000 ETH valued at around $62.5 million.
Smart whales are all unanimously going long on $ETH!#BitcoinOG(1011short), with $105M in total PNL, is long 54,277 $ETH($169.48M).
Anti-CZ whale, with $58.8M in total PNL, is long 62,156 $ETH($194M).
pension-usdt.eth, with $16.3M in total PNL, is long 20,000 $ETH($62.5M).… pic.twitter.com/idHbyTePTv
— Lookonchain (@lookonchain) December 8, 2025
Additionally, Arkham took note of another whale, 0xBADBB, who is using two different accounts to go long on ETH with $189.5 million.
THIS GUY IS LONG $300M OF CRYPTO ON 6X LEVERAGE
This whale “0xBADBB” is using 2 accounts to long a total of $314.23M of ETH, HYPE and XRP.
He is currently long:
$189.55M ETH
$79.22M XRP
$45.85M HYPEHowever, he’s currently down a total of $20.46M. Will BADBB make it all back? pic.twitter.com/iIAErFAiEF
— Arkham (@arkham) December 6, 2025
In the background, BitMine has continued to double down on Ethereum. Just last week, it added another $199 million in ETH, bringing its total holdings to 3.73 million ETH, worth about $13.3 billion, cementing its position as the largest corporate holder of ETH.
EXPLORE: 20+ Next Crypto to Explode in 2025
Saylor Doubles Down: Drops Nearly $963M On Fresh BTC Purchases
Michael Saylor is putting it all on the line. Strategy just bought 10,624 BTC worth nearly $963 million in a single scoop, just hoovering down all the BTCs they can get their hands on.
This purchase is one of their biggest in recent months.
Strategy has acquired 10,624 BTC for ~$962.7 million at ~$90,615 per bitcoin and has achieved BTC Yield of 24.7% YTD 2025. As of 12/7/2025, we hodl 660,624 $BTC acquired for ~$49.35 billion at ~$74,696 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STRE https://t.co/oyLwSuW7nW
— Michael Saylor (@saylor) December 8, 2025
Strategy had to sell some of its company shares to get its hands on all these fresh BTCs. On average, it paid about $90,600 per coin. With this latest move, Strategy now owns over 200,000 BTC, making it the largest corporate holder of Bitcoin anywhere.
India Tightens Crypto Oversight: $500M Frozen, 44K Tax Notices Issued
India has been turning on the heat on crypto criminals.
According to a recent update from the Ministry of State (MoS), Pankaj Chaudhary, enforcement agencies have frozen digital assets worth over ₹4,190 crore ($500 million) and have declared an individual a fugitive.
The Enforcement Directorate (ED) has been busy as well, freezing about $499 million in crypto, making 29 arrests, and filing 22 charge sheets across multiple cases.
INDIA GOVT TAKES ACTION ON CRYPTO TAX EVASION
ED has frozen crypto assets worth ₹4,190 crore and declared one individual a fugitive.
CBDT uncovered ₹888.82 crore in undisclosed income from VDA transactions.
— Karan Singh Arora (@thisisksa) December 8, 2025
Meanwhile, the Central Board of Direct Taxes (CBDT) unearthed about $106 million of undisclosed income from virtual digital assets (VDA) and has issued 44,057 notices to taxpayers who traded in crypto, but did not disclose it in their income tax returns.
Coinbase India: Service Restarts After A Two Year Hiatus
In a move welcomed by many, Coinbase has relaunched its operations in India after a two-year hiatus. The trading, however, is limited only to crypto‑to‑crypto pairs for now.
Coinbase had to suspend its services in the country after running into regulatory hurdles with India’s Unified Payment Interface. The regulatory hurdles have been ironed out, and Coinbase has registered with the Indian Financial Intelligence Unit (FIU) to function under stricter compliance rules.
BREAKING:
pic.twitter.com/hzoK8PLgHP
— Crypto India (@CryptooIndia) December 8, 2025
Users can now buy, sell, and transfer digital assets. Meanwhile, withdrawals in rupees remain unavailable until a fiat on‑ramp launches in 2026.
The post Crypto News Today: ETH Holds Firm Above $3k As It Heads Into December- What’s Next? appeared first on 99Bitcoins.
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