As of December 20, 2024, Ethereum (ETH) is trading at approximately $3,375.01, reflecting a slight decline of 8.36% from the previous close.

Recent Developments:

Market Performance: Ethereum has experienced significant growth this year, with a 71.5% increase, though it has been outpaced by Bitcoin's 142% rise. Currently, ETH is trading about 19% below its all-time high of $4,865 reached in November 2021.

Regulatory Environment: The recent U.S. presidential election has led to a more favorable regulatory stance towards cryptocurrencies, potentially benefiting Ethereum. Analysts suggest that a second term for President Trump could enhance Ethereum's appeal through supportive policies and increased institutional investment.

Upcoming Upgrades: Ethereum is set to launch the Pectra upgrade in Q1 2025, introducing features like grouped transactions and social recovery, which aim to improve transaction efficiency and user experience.