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

All Comments

Recommended for you

The US spot Bitcoin ETF saw a net inflow of $54.8 million yesterday.

The US spot Ethereum ETF saw a net outflow of $75.2 million yesterday.

Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates

The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

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