#ETHOnTheRise

Ethereum (ETH) has recently shown significant movement, with its price increasing by approximately 33% over the last month. Currently, the price is hovering around $3,676, and analysts suggest a potential bullish momentum leading up to December. Some forecasts indicate that ETH could test the $4,000 mark, provided there is further accumulation by large holders and positive market dynamics. 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 from large holders, which could hinder further growth. Short-term forecasts suggest relatively stable trading within the $3,600–$3,700 range unless significant catalysts emerge.