Ethereum Price Set to Pump to $5K Before Year’s End? Here’s

Why a “Santa Rally” Is Likely 👍

While Ethereum could hit $5,000 this year, much more exciting

is the prospect for much larger gains in 2025.

As the Ethereum (ETH) price consolidates just above $3,900,

traders are eyeing the possibility of a surge into the year’s end, a phenomenon referred to as a “Santa Rally”.

From a technical perspective, Ethereum is looking good right now, sitting above all of its major moving averages and still in a

clear uptrend.

However, resistance in the form of the early 2024 highs just

above $4,000 continues to cap the Ethereum price action.

However, Christmas could be about to come early for Ethereum

investors.

While Polymarket betting odds only currently place a

14% chance that the Ethereum price will hit new all-time highs

at $5,000, this may represent the market under-pricing the

likelihood of a strong breakout. Here’s why.

Ethereum Price to Pump to $5,000 Soon? Here’s Why That’s

Likely

Reason 1 – Vibes

To say that vibes are good in the crypto market right now would be an understatement ahead of the arrival of an almost

unimaginably pro-crypto incoming US administration in March.

Trump promised this week to do great things for the crypto

industry, his picks for Treasury Secretary and SEC Chair are

ardently pro-crypto, and his family were spotted loading up

their ETH, AAVE and LINK positions just days ago.

U.S. President Donald Trump's World Liberty Financial bought

• 2,631  $ETH ($10M)
• 3,357  $AAVE  ($1M)
• 41,335  $LINK  ($1M)