On December 3, major crypto assets exhibited synchronized upward momentum, with bullish sentiment clearly rebounding in the market. Bitcoin staged a strong rebound from the $80,000–$83,000 support zone, briefly approaching the short-term key resistance level of $93,100. FPG International notes that, from a technical perspective, the daily MACD remains in a bullish structure, providing a solid foundation for Bitcoin's upward trajectory. Although the hourly MACD indicates slightly weakened upward momentum—suggesting short-term consolidation is inevitable—the overall trend remains upward. FPG International believes that as long as Bitcoin holds above the $80,000–$83,000 support zone, the bullish advantage will remain intact. A breakout above $93,100 could pave the way for a challenge against the descending trendline resistance extending from October’s all-time high, with ample short-term bullish opportunities still present.
XRP also shows strong technical rebound signals, recovering from its long-term support near $2 and reclaiming the Ichimoku cloud on the hourly chart, indicating renewed short-term buyer dominance. FPG International highlights that XRP now faces a critical resistance zone between $2.28 and $2.30. A breakout above this range could fuel a push toward the $2.50 descending trendline, while failure may trigger a retest of the $2 support. Despite accumulating short-term buying pressure, overcoming resistance remains pivotal for sustaining the bullish momentum in the near-to-medium term.
Ethereum recently formed a classic bear trap, with prices briefly dipping below the descending channel’s lower boundary before rebounding sharply. FPG International interprets this as a sign of absorbed selling pressure, with bulls regaining control and a clear short-term upward path established. The immediate focus lies at last week’s high of $3,060–$3,100, with potential to extend toward the $3,500 short-covering zone. The $2,600–$2,700 support remains crucial; maintaining above this level ensures the bullish structure stays dominant. FPG International emphasizes that Ethereum’s bear trap confirmation not only reflects market absorption of selling pressure but also sets the stage for further gains, bolstering investor confidence.
Solana is gradually approaching the upper boundary of its sideways range at $145. A volume-backed breakout could target the mid-term objective of $165. While hourly charts show slowing upward momentum, the daily timeframe retains a bullish bias, suggesting a high likelihood of a breakout. FPG International underscores Solana’s upside potential amid healthy high-timeframe momentum, advising investors to monitor price action around the range’s upper limit for confirmation.
In summary, major crypto assets display bullish technical structures, with overall market risk appetite recovering. FPG International observes that Bitcoin, Ethereum, and XRP have all found solid support at key levels, favoring trend continuation, while short-term resistance breakouts may act as catalysts for further upside. Investors should track the sustainability of support zones and breakout dynamics to capitalize on medium-to-long-term opportunities, while staying attuned to inter-asset correlations and trend confirmations for robust strategy formulation.
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