Ethereum's price isn't moving significantly right now due to profit-taking and weak sentiment in the crypto market. However, there are reasons to believe that a price rebound could occur by January 1. Rising spot Ethereum ETF inflows and negative exchange net flows suggest potential for growth.
Additionally, technical indicators like the MVRV ratio, which measures the market value against the realized value, also support the possibility of a price increase. These factors combined present a bullish outlook for Ethereum in the short term.
Analysts believe that these catalysts could help Ethereum's price jump by as much as 20% by the start of the new year.