December 2024, the Ethereum market continues to decline.

Recent Ethereum developments

 Price trend On December 3, Ethereum fell below $3600, a daily decrease of about 2%; on December 20, Ethereum's 24-hour drop exceeded 10%.

 Market opinion Some market analysts believe that the ETH market crash has only just begun. According to the logarithmic regression model, the ETH market may retrace by another 50%.

Market impact

 Investor sentiment The continued decline in Ethereum's price may undermine investor confidence in the cryptocurrency market, leading to a depressed investor sentiment, further affecting market stability.

 Market structure As the second-largest cryptocurrency in the world, Ethereum's price fluctuations will impact the overall structure of the cryptocurrency market. If Ethereum's price continues to decline, it may trigger a chain reaction in other cryptocurrencies, resulting in an overall market downturn. #ETH