$ETH
Ethereum's (ETH) price extended its good run from 2023 into 2024, rising by about 48% to $3,390 in December. ETH somewhat mimicked its performance of 2023, posting a green first quarter that saw its price reach a two-year high of $4,093.

It declined from the late stages of Q1 and into Q2 – with $2,817 as a key support level – before surging in May. However, the increase didn't last long as ETH resumed a downtrend that spanned into Q3, breaching the $2,817 support. This aligned with the historical crypto market's slow growth in Q3 due to the holiday season.Ethereum picked up pace in Q4, rising by over 50% between November 5 and December 19, particularly fueled by bullish sentiment surrounding the US presidential election victory of Donald Trump.

Many anticipated a higher price ceiling of $5,000 for ETH in 2024 following the ETH exchange-traded fund (ETF) launch and overall crypto bullish market cycle. However, it looks set to fall short of expectations due to the headwind of declining on-chain revenue and the inflationary pressure it experienced during the year.
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