CandleFocus Analyst Says It’s Time for New Ethereum All-Time High, Sees Bitcoin Going ‘Full Santa Claus Mode’
2024-12-18
Author: Content Editor
A crypto trader believes that Ethereum is poised to reach new record highs and reclaim resistance at $4,000 as support. The trader suggests that as Bitcoin has been performing well in December, some profits may flow into Ethereum, leading to a potential rally to $4,800 or even mid $5,000. The trader also expects Bitcoin to continue its Christmas rally and break its diagonal resistance, with potential prices of $116,000 or even $125,000 by the end of December. The trader recommends focusing on Bitcoin and Ethereum for the next two weeks, as they are expected to outperform other digital assets in the market.
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