Ethereum (ETH) is showing mixed performance as of December 2024. Currently trading around $3,500–$3,600, the price has seen steady resistance at $3,600, a level critical for reaching $4,000. Ethereum is supported at $3,000 and $2,359, with whale accumulation suggesting confidence among major holders despite increasing short positions in the derivatives market​​​​.

Key factors influencing Ethereum include technical patterns like a potential "Golden Cross," which could trigger bullish momentum, and the recent Dencun upgrade aimed at improving scalability and lowering transaction costs. These developments enhance Ethereum’s appeal for long-term holders and institutional investors​​​​.

Short-term predictions for December suggest incremental growth, with ETH potentially trading between $3,650 and $3,800 in the next two weeks if bullish sentiment prevails. However, risks remain due to market volatility and profit-taking activities​​​​.

For more detailed forecasts, you can explore resources like CoinCodex and CryptoNews.