Ethereum ($ETH )

Unlike Bitcoin, Ethereum failed to impress investors in 2024. The price of ETH rose only 40% over the past 12 months. Furthermore, the second-largest cryptocurrency by market capitalization has been unable to overcome the main barrier — the $4,000 level.

In mid-December, Ethereum experienced the largest decline in the altcoin sector — in a week, the ETH price dropped by 19% to $3,203.

The launch of spot ETFs based on Ethereum in 2024 became a turning point for ETH. This could stimulate the growth of the altcoin in the near future.

Currently, the main goal for Ethereum is to turn the $4,000 level into support to move forward. For this, ETH needs to secure a position at $3,419. Otherwise, the cryptocurrency may drop below $3,000.$XRP $BNB #BtcNewHolder