In December, data from IntoTheBlock, as reported by CryptoPotato, revealed that over 70% of Ethereum is now held by long-term holders (HODLers), a record high that surpasses Bitcoin's slightly lower percentage. This trend indicates a strong belief in Ethereum's long-term potential, despite its slight underperformance compared to other major assets in 2023. Optimism for Ethereum's price trajectory in 2024 is high, with experts predicting significant growth, influenced partly by its appeal to traditional finance and potential for an environmentally friendly image.