Ethereum Price Set to Pump to $5K Before Year’s End? Here’s Why a “Santa Rally” Is Likely

Description

As the Ethereum (ETH) price consolidates just above $3,900, traders are eyeing the possibility of a surge into the year’s end, a phenomenon referred to as a “Santa Rally”. From a technical perspective, Ethereum is looking good right now, sitting above all of its major moving averages and still in a clear uptrend. However, resistance in the form of the early 2024 highs just above $4,000 continues to cap the Ethereum price action. However, Christmas could be about to come early for Ethereum invest...