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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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