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Viewpoint: Analysts are generally optimistic about the Christmas market, and Ethereum will reach $5,000 at the beginning of next year

According to a report by Coinstash co-founder Mena Theodorou, the record of Bitcoin "has inspired traders' hopes for the continued season of altcoins and potential Christmas rebound". Furthermore, according to CoinGecko data, in the past 10 years, cryptocurrencies have experienced an increase around Christmas time for 8 of those years.

In addition, Nexo analyst Liya Kalchev predicts that Ethereum's price should reach $5,000 in early 2025.

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