Viewpoint: Analysts are generally optimistic about the Christmas market, with Ethereum expected to reach $5,000 by early next year

ChainCatcher news, Coinstash co-founder Mena Theodorou stated in a report this week that Bitcoin's record "has sparked traders' hopes for the continuation of altcoin season and a potential Christmas rally." According to data from CoinGecko, in the past 10 years, cryptocurrencies have risen around Christmas in 8 of those years.

In addition, Nexo analyst liya Kalchev expects that the price of Ethereum should reach $5000 by early 2025.