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Ethereum (ETH) is currently trading at around $4,063.58, showing a strong upward trend with significant price momentum over the last month.

$Analysts are optimistic about its potential performance by the end of December 2024, with projections indicating it could rise further towards the $5,000 mark if current bullish conditions persist.

Several factors are driving this momentum:

Increased Institutional Interest: Ethereum's transition to a more energy-efficient Proof of Stake (PoS) system has made it more appealing to institutional investors.

Decentralized Finance (DeFi) Growth:

Ethereum remains the backbone of DeFi, and increased activity in this sector is positively impacting its price.

Macroeconomic Trends: As traditional markets stabilize, cryptocurrencies like Ethereum are benefiting from renewed investor confidence.

However, potential resistance levels near $4,500 and external factors such as regulatory changes or broader market corrections could temper this growth.

What do you think about the price of

$ETH at the end of December 2024?