What will happen to ETH in December 2024?

In December 2024, the Ethereum (ETH) price is expected to experience corrective pressure, with a potential drop in volatility due to several key factors. First, there may be selling pressure from institutional investors, as increased interest in ETH leads to profit-taking at the end of the year. Additionally, the cryptocurrency market often experiences high volatility at this time of year, due to the influence of macroeconomic factors and investor sentiment.

From a technical analysis perspective, ETH is facing a key resistance level around $3,800. If the price fails to break above this level, it could lead to further declines to lower support levels. Furthermore, competition from other blockchains could dampen interest and investment in ETH, while market sentiment could also be affected by negative news or regulatory uncertainty, which could trigger a sell-off.

However, some predict that ETH could continue its bullish momentum, if it breaks through current resistance levels. In short, December promises to be a volatile month for Ethereum, with both positive and negative factors affecting its value.