The market sentiment for Ethereum is currently high. In the past 30 days, its price has risen by 33%, and the market expects it to possibly rise further by the end of the year. However, based on on-chain data and market analysis, the future trend of ETH is not entirely clear.

Currently, the funding rates for Ethereum on mainstream exchanges are positive, with bullish sentiment clearly dominant. However, high funding rates may actually increase the risk of price adjustments. Historical data shows that maintaining neutral or slightly bearish funding rates is more conducive to pushing prices to break resistance levels.

From the perspective of whale fund flows, the net inflow from large investors has gradually slowed down. Will this affect ETH's further rise? The market's answer may depend on whether retail investors can take over and push the market higher.

Overall, Ethereum's upward trend remains relatively solid. In December, $4,000 has become a key psychological level for the market, and whale movements and funding rates will be the core factors determining whether this target can be achieved.