OPINION: Ether to hit $5,000 early next year as analysts are generally bullish for Christmas

Coinstash co-founder Mena Theodorou said in a report this week that Bitcoin's record ‘has fuelled traders’ hopes for a sustained and potential Christmas rally in the cottage season’. And according to the data, cryptocurrencies have risen around Christmas in eight of the last 10 years. In addition, Nexo analyst liya Kalchev predicts that the price of ethereum should reach $5,000 by early 2025.