Ether traded at $3,601.50 against the US dollar on Friday, November 29th, marking an increase of $20.70, or 0.58%, from the previous trading session.
Ether surpasses $3,600 level
Over the past four weeks, Ether has experienced a significant gain of 35.35%, reflecting growing investor confidence and market momentum. Looking at a broader timeframe, Ether has appreciated by 76.00% over the last 12 months, underlining its strong performance despite market volatility and regulatory challenges.
Negative outlook
Looking ahead, Trading Economics’ global macro models and analysts’ expectations predict that Ether will be priced at around $2,491.42 by the end of the current quarter, with further declines anticipated. Over the next year, Ether’s price is projected to reach approximately $2,138.84, reflecting a more cautious outlook based on broader economic conditions and evolving trends in the cryptocurrency market. These forecasts highlight the ongoing uncertainty in the crypto space, influenced by factors such as potential regulatory changes, global economic shifts, and investor sentiment.
