Bitget Research analyst Ryan Lee has made a price prediction for Ethereum (ETH) in December 2024. He highlighted the growing inflow of spot Ethereum ETFs as a key factor that could influence ETH's performance. Additionally, Lee mentioned the recent consecutive price increases in the secondary market and stable implied volatility of options as indicators of spot accumulation driving the price breakout. Lee also believes that external events such as the emergence of new popular memecoins and the potential appointment of Paul Atkins as the new Chairman of the SEC could positively influence Ethereum's performance in December. Based on these factors, Lee predicts ETH to fluctuate between $3,000 and $4,500 in December 2024. However, he does not expect ETH to surpass its all-time high in that year. At the time of writing, ETH is valued at $3,578, experiencing a 7% increase compared to seven days ago and a 38% increase compared to a month ago.



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