#ETHOnTheRise Ethereum (ETH) has recently shown significant movement, with its price increasing by approximately 33% over the past month. Currently, the price hovers around $3,676, and analysts suggest potential bullish momentum leading into December. Some forecasts indicate that ETH might test the $4,000 mark, provided that major holders continue to accumulate and market dynamics remain positive. Technical indicators, such as the MVRV ratio and funding rates, also show a strong setup for potential upward movement.
However, risks remain, including market resistance at the $4,000 level and a decrease in activity among major holders, which may hinder further growth. Near-term forecasts suggest relatively stable trading in the $3,600–$3,700 range unless significant catalysts arise.
For investors, the performance of Ethereum is closely linked to overall market trends, especially with Bitcoin, and upcoming events in its ecosystem. If you are following ETH, pay attention to key support and resistance levels, as well as any changes in institutional interest.
