The altcoin market, especially Ethereum (ETH), has seen a lot of volatility in the last 15 days. Ethereum has experienced notable price movements along with hot news from the cryptocurrency market. Let’s take a deeper look at these developments and make some predictions for the upcoming time.
Recent Ethereum Developments
From data from December 20, 2024 to January 3, 2025, Ethereum's price has changed significantly. Starting from a price of $3,434.675 on December 20, ETH fell to a low of $3,275.889 on December 23 before rebounding to $3,497.555 on December 25. This trend shows that despite market volatility, there are still short-term increases during price corrections.
Based on recent news, Ethereum slightly decreased by 1.06% to $3,433.91 on January 3, while other altcoins such as ADA and HBAR showed positive signs of growth. This emphasizes that the coin market does not depend on a single base but is a mixture of multi-dimensional trends and news.
Impact News
Major news such as BlackRock’s struggles to retain Bitcoin ETFs, coupled with increased interest from governments in Bitcoin, suggest that Bitcoin could reach new heights in the not-too-distant future. However, the macro implications will also spill over to Ethereum and other altcoins.
Another factor that cannot be ignored is Northern Data's appreciation in tapping into the AI boom, suggesting that money could be diverted into areas related to this technology, affecting the overall coin market value.
Predicting the Future
In the next 15 days, analysts predict that Ethereum will continue to fluctuate with prices hovering around $3,300 - $3,500. Market momentum will depend on news from major institutions and the market's reaction to further developments in global events.
Much attention is being paid to new performance metrics and institutional trading activity. Investors are hoping that these factors can bring stability and growth potential to Ethereum and the entire altcoin ecosystem.
Combined with signals from technical charts and market indicators, investors are advised to continue to closely monitor trends and adjust strategies accordingly in the coming period.
