Ethereum Reclaims $3,000 Amid Analyst Predicting Potential 150% Surge

Ethereum (ETH) has recovered to the $3,000 mark alongside Bitcoin (BTC), potentially signaling an upward trend. However, opinions are divided on whether ETH will continue to rise or face further declines.

December Performance Analysis

Historically, December has been challenging for ETH, with only four out of nine years ending positively since 2016.
The average December return is approximately 7%, with a median drop of 6%.
A weak November often leads to a weak December, with three out of four instances showing declines from 2016 to 2024.
Despite mixed December results, early-year performance is generally strong, with average first-quarter returns around 77% and second-quarter returns about 64%.

Future Predictions by Tom Lee

Tom Lee predicts ETH could reach $7,000 by the first quarter of 2026, marking a nearly 150% increase from current prices.
Long-term projections suggest a potential rise to $62,000 by 2035 if a decentralized financial system materializes.

Ethereum

After underperforming and dropping to $2,600 last Friday, ETH has regained some ground above $3,000. This recovery may continue if demand and capital flow into exchange-traded funds (ETFs) as the year ends.