Ethereum (ETH) Price Breaks $4,000

On Monday, December 16, the Ethereum (ETH) price once again exceeded $4,000, laying the foundation for a new bullish cycle. Let's figure out what is the secret of Ethereum (ETH) success and what levels the cryptocurrency can grow to in the near future.

At the time of publication, Ethereum (ETH) is trading at $4,010, trying to consolidate above the key mark. Over the course of the day, the cryptocurrency has risen in price by 1.5%, and the trading volume has approached $2.5 billion.

The breakout of the important $4,000 level has improved the mood of long-term Ethereum (LTH) holders. An analysis of the net unrealized profit and loss (NUPL) ratio among this group of investors shows that they are confident in the future of the cryptocurrency.