Analysts are generally optimistic about the Christmas market, with Ethereum hitting $5,000 early next year.
According to BlockBeats, on December 13, Mena Theodorou, co-founder of Coinstash, stated in a report this week that Bitcoin’s “all-time high has inspired hope among traders for a continuation of the altcoin season and a potential Christmas rebound.” According to data from CoinGecko, cryptocurrencies have seen a rally around Christmas in 8 of the last 10 years.
Additionally, Nexo analyst Liya Kalchev predicts that the price of Ethereum will hit $5,000 by early 2025. (DL News)
Source: BlockBeats
