Ether/US Dollar traded at $3,962.32 on Thursday, December 12th, marking an increase of $128.62, or 3.35%, from the previous trading session.
Ethereum rises by over 3%
Over the past four weeks, Ether has experienced a remarkable gain of 24.04%, indicating strong short-term performance. Looking back over the last 12 months, Ether’s price has surged by 75.25%, showcasing its resilience and growth despite the fluctuations in the broader cryptocurrency market. This sustained upward trend highlights investor confidence and the growing adoption of Ethereum-based applications and decentralized finance.
Outlook on ETH
Looking ahead, analysts and Trading Economics global macro models forecast Ether to be priced at $3,839.20 by the end of this quarter, reflecting some cooling after recent gains. In one year, the price is projected to decrease further to $3,561.68, which suggests potential market adjustments and broader economic factors that may impact its performance. However, these projections remain subject to volatility in the cryptocurrency market, as well as developments in Ethereum's network upgrades and the regulatory landscape.
