Quote from: Sayeds56 on December 14, 2023, 10:52:08 AM

Quote from: Out of mind on December 13, 2023, 03:05:28 PM

We've seen the price of Ethereum already hit $2400 and that's before Christmas. But I believe that with Christmas coming up, the price of Bitcoin and many other coins, including Ethereum, is likely to increase more. ETH is a reliable coin to HODL for the future and can offer high returns. And the value of this coin certainly I think has the potential to touch $3000 before Christmas if it continues to get higher. However, as the current market conditions show that all coins are trending higher and trending towards this or that position, holding Ethereum will give you a profit.

Certainly, we are again witnessing positive sentiment in cryptocurrencies after the correction of three consecutive days started on Monday when market opened after weekend. This correction dragged Bitcoin price down to around $40,000 and Ethereum price dropped to $2,100. Today Ethereum price is trading $2,280 and if weekly candle closes in green, we might see Santa Clause rally (Christmas) in the coming week. This potential upward trend might continue for one week before traders usually book profit just before Christmas and new year holidays.

It is indeed difficult to predict when predicting the price of Cryptocurrency. Sometimes it doesn't match expectations. Don't blame you, at least we know the habits of a market at the end of the year or before Christmas. It seems that your prediction is actually wrong, it even looks like the price of Bitcoin will affect the price of everything, including Ethereum. Today, the price of Ethereum has actually increased compared to what we all expected because this is the impact of approaching big holidays such as Christmas and New Year.