Ethereum is attempting to find bullish momentum through the end of the year. According to coinmarketcap, Ethereum made only a modest gain of 0.89% on the daily charts. It has a market size of $410.3 billion and a 24-hour trading volume of $14.27 billion.
Short-term indicators are bearish yet hopeful. Weekly charts show a gain of 5.51%, and many holders think Ethereum will increase sharply by 2025. The monthly and six-month trend is likewise bearish, with Ethereum losing over 6% and 2%, respectively. However, the year-to-date graph reveals a 47% increase, suggesting possible development ahead.
December’s decentralized exchange (DEX) trading data has added to the optimism. Ethereum recorded a DEX trading volume of $84.168 billion, an increase from November’s $70.635 billion. Still behind Solana with $107.865 billion and Binance Smart Chain with $91.444 billion, this increase highlights Ethereum’s continuing relevance as the second hottest crypto for long-term crypto development.
Currently trading around $3,405, analysts think Ethereum might regain its ATH of $4,868. With bullish momentum and increasing adoption, they predict ETH could break the $5,000 barrier as market conditions improve. Ethereum’s resilience and steady growth make it a must-buy token in the crypto space.