$ETH has been showing resilience recently, even though its price faced some pressure after reaching its all-time high.
As of December 2024, $ETH is trading around the $3660 mark, with slight fluctuations.
The general sentiment in the market suggests that Ethereum could see further upside in the coming weeks, especially with positive momentum from Ethereum ETFs and reduced gas fees, making it a more attractive investment.
For those watching the $ETH market closely after a long position liquidation, the short-term outlook points to potential consolidation around the current range before another push upwards.
If Ethereum continues on this trajectory, the next target could be around $4200 by early 2025.
However, be mindful of the ongoing volatility in the crypto market, so staying informed and ready for shifts in market dynamics will be crucial.
ETH
2,289.79
-0.92%