We are nearing the end of the year, and everyone is wondering what the cryptocurrency market is going to do over the holidays. Ethereum is second only to bitcoin, and it is leading the Defi revolution, and everyone wants to know what the Ethereum Price Analysis is going to be for ETH through the end of the year. Well, there is good news because the growth of smart contracts and the Ethereum-fueled Defi movement is probably just beginning to walk on its one.
Buying the pre-Halloween dip before ETH explodes
The cryptocurrency market’s current temperature is cold, which does not mean that blockchain has cooled down. Now, is the time to buy the dip. This is when a cryptocurrency like Ethereum dips below its trend line value. Currently, the October dip is at $366, but it will soon be on the rise. Once Ethereum begins to break the resistance level of $400, the sky is the limit. When this happens, it will be time to suit up for a trip on a rocket.
Ethereum Price Analysis and Defi Movements Start their Climb in November
As the lower resistance level begins to break after Halloween, you can Ethereum to begin an upward trend in November. The current trendline for Ethereum shows the smart contract cryptocurrency climbing past the $400 resistance level and breaking $500 before the end of the year. If you want to invest in the Defi movement, now is the time to do it.
The second wave of the Defi storm: when to buy in December
As November passes and the holiday season begins, it is going to bring the second wave of the Defi storm. The masses will be freed from the grips of institutions that manipulate markets during the rest of the year. It is the perfect time to get in on the action of the Defi movement. When the banks, markets, and creditors are closed for the holidays, it is going to truly be the people to take control of their financial future.
Preparing for new years and the Defi, smart contract, and dApp use case explosion
Once the Defi movement has taken off again, we will be able to see the true potential of blockchain technology. There is more to blockchain ledgers than decentralized finance, coins, and tokens. Decentralized apps, Web3 Internet projects, and other blockchain projects are scheduled to come to fruition in the coming months.
As you can see, the price of Ethereum is more than just the Defi movement, and it is going to continue to climb well-past the holidays. Since its price follows Bitcoin closely, this also depends a lot on if the $12,000 dollar resistance level for BTC is broken before the end of the year.
