The price of Ethereum has shown some positive movement in the past day, rising by 1.86%. However, it has experienced negative growth since December 2024 despite some gains in the past month. Market activity indicates a potential price breakout, with an increase in buying volume during the price dip suggesting strong demand from buyers. A market expert predicts Ethereum may experience a price surge similar to one in May 2024. Long-term holders of Ethereum have a high level of confidence in its future value potential. However, the absence of short-term participants and competition from other blockchain solutions are challenges for Ethereum. As of now, Ethereum is trading at $3,306 with increased trading volume.



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