Will Ethereum Price Witness Santa Claus Rally? Here's What Top Analysts Predict

Ethereum price is holding strongly above the $1,170 support level and looks bullish. Moreover, crypto analysts and on-chain data experts also consider that buying Ethereum near $1,170 would be a good price to buy for the long term. A Santa Claus rally can push the ETH price above $1,300, but traders contemplate whether a rally will happen or not as the year was not good for the crypto market.