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Ether has 3-year cup-and-handle ‘in the making,’ analyst eyes $7.2K

Ether is forming a pattern on the price chart signaling a 97% upward move by the end of the first quarter of 2025, according to a crypto analyst.

Ether is forming a convincing pattern on the price chart, signaling a potential surge of up to 97% within the next four months, according to a crypto analyst.

“ETH has a 3-year cup and handle in the making; it is about to be completed now if Ethereum confirms $3.8k as support,” pseudonymous crypto analyst venturefounder said in a Nov. 30 X post.

Venturefounder projected Ether’s (ETH) first price target at $5,349, followed by $6,457, and a third target of $7,238 to be reached by the end of Q1 2025 at the latest. This represents approximately a 97% increase from Ether’s current price of $3,669, as per CoinMarketCap data at the time of publication.

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

Focusing too much on Bitcoin Uptober is a ‘mistake,’ says crypto trader

A crypto trader opined that market participants should step back from the Bitcoin “Uptober” hype and look at the bigger picture.

While October has historically been one of the strongest months for Bitcoin (BTC), a trader argues that placing too much importance on the entire month is wrong.

“I do believe focusing too much on one month versus periods or larger blocks of time is a mistake,” Oliver Velez wrote in an Oct. 2 X post.

The average monthly return in October for Bitcoin is 20.65%. Source: CoinGlass

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

Ether all-time high in 2024 ‘possible, but not highly likely’

A crypto analyst notes that while spot Ether ETFs have gained “Wall Street attention,” they now compete directly with tech stocks, which are delivering “better revenue and multiples.”

An analyst has argued that Ether has a slim chance of hitting new all-time highs by the end of 2024, as the asset has struggled to build a strong narrative and keep up with the appeal of tech stocks. 

However, several traders are adamant a price spike is just around the corner.

“Right now, Ethereum is struggling with a lack of a strong narrative to drive its price, especially compared to other assets,” Nick Forster, founder of crypto derivatives platform Derive and former Wall Street trader told Cointelegraph. 

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

Bitcoin at the Beginning of a Parabolic Advance As World Superpowers Prepare Money Printer: InvestAnswers

Bitcoin at the Beginning of a Parabolic Advance As World Superpowers Prepare Money Printer: InvestAnswers

A widely followed crypto analyst says that a parabolic advance is on the horizon for Bitcoin (BTC) as the world’s largest economies once again prepare to print money. In a new strategy session, the host of InvestAnswers tells his 452,000 YouTube subscribers that the king crypto is in the beginning stages of a parabolic move […]

The post Bitcoin at the Beginning of a Parabolic Advance As World Superpowers Prepare Money Printer: InvestAnswers appeared first on The Daily Hodl.

BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency