Also, Ethereum, like the entire crypto market, noted Ryan Lee, will now "breathe more freely" thanks to the upcoming resignation of the head of the US Securities and Exchange Commission (SEC) Gary Gensler. A separate review told about what the commissioner did not please the crypto community with and why cryptocurrency traders are so happy about his departure.

Taking into account all the features of the market situation, Ryan Lee does not rule out the growth of Ethereum in December to $4,500. At the same time, the analyst warns that corrections could plunge ETH to $3,000.