As of January 1, 2025, Ethereum (ETH) is trading at approximately $3,338.94 USD, reflecting a slight decrease of about 1.73% over the past 24 hours.
The 24-hour trading volume stands at around $19.25 billion USD, indicating robust market activity. Ethereum's market capitalization is approximately $400.05 billion USD, maintaining its position as the second-largest cryptocurrency by market cap.
Technical analysis presents mixed signals. According to Bitget's technical ratings, there are 11 indicators suggesting a 'Sell' position, 8 indicating 'Neutral,' and 6 recommending a 'Buy,' resulting in an overall 'Neutral' stance.
In the broader context, Ethereum has experienced a 46% increase in 2024, despite a correction from $4,000 to below $3,400 in December. Projections suggest a potential rise to $8,000 by 2025, with 75% of holders being long-term investors.
Please note that cryptocurrency markets are highly volatile, and past performance does not guarantee future results. It's advisable to conduct thorough research and consider your financial situation before making investment decisions.