#ETHOnTheRise
ETH 🇲🇨
Momentum for Ethereum in December 2024
Ethereum (ETH) is in the spotlight as it has shown significant upward momentum this month. The cryptocurrency has seen consistent growth, recently trading above $3,600, representing a 38% increase over the past month. Key factors contributing to this bullish trend include a surge in spot Ethereum ETFs, with daily inflows reaching $300 million—a record-breaking milestone. These inflows highlight the growing institutional interest in the Ethereum ecosystem.
Additionally, advancements in Ethereum’s Layer 2 solutions, such as specialized subchains for various industries, are revolutionizing the blockchain’s scalability and usability. These developments signal Ethereum’s potential to host the next wave of “killer apps,” bridging traditional Web2 systems with Web3 technologies.
