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ethereum poised for potential breakout as market consolidation continues
Ethereum is currently in a consolidation phase, with analysts suggesting it may be poised for a significant price rally if it can maintain levels above 0.032 BTC. Key resistance at 0.046 BTC remains a hurdle, but if surpassed, it could trigger increased buying activity across altcoins. Traders are advised to monitor these critical levels as the market prepares for potential upward momentum.
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Ethereum USD Jason Pizzino
Crypto, Market Report
05:08 25.12.2024
ethereum and altcoins poised for significant upward movement signals analyst
Crypto analyst Jason Pizzino suggests that Ethereum and altcoins are poised for an upward swing, mirroring patterns from December 2020. He notes that while the ETH/BTC pair shows potential, further drops may occur before a significant rally, indicating that market sentiment is not yet at a peak of excitement. Currently, ETH/BTC is valued at 0.0342 BTC ($3,264.68).
dailyhodl.com
Jason Pizzino
Crypto, Market Report
02:00 24.12.2024
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