#ETHOnTheRise Ethereum (ETH) has shown significant movement recently, with its price surging by around 33% in the past month. Currently, the price is hovering near $3,676, with analysts suggesting potential bullish momentum through December. Some projections indicate ETH could test the $4,000 mark, contingent on continued accumulation by large holders and positive market dynamics. Technical indicators like the MVRV ratio and funding rates also show a strong setup for potential upward movement.

However, risks remain, including market resistance at $4,000 and declining large-holder activity, which could hinder further growth. Near-term forecasts suggest relatively stable trading around $3,600–$3,700 unless significant catalysts emerge.

For investors, Ethereum's performance is closely linked to overall market trends, particularly Bitcoin, and upcoming developments in its ecosystem. If you're tracking ETH, watch for key support and resistance levels and any shifts in institutional interest.