Crypto Media

Ethereum has formed a cup and handle pattern on the monthly chart, and a breakout could happen at any moment. The first target is $6,510, and I expect this to occur in January. By the end of March, I foresee #Ethereum trading above $10K. On the daily chart, the cup and handle pattern is also active, and a breakout seems likely within the next two weeks. Everything looks positive, and I anticipate a very strong Q1 for altcoins. I expect institutional buying driven by #EthereumETF 's to significantly increase $ETH demand, which is already happening – recent ETF inflows confirm this. I'm confident that once Ethereum clears the way, the Solana $SOL , Kaspa $KAS , Avax $AVAX ecosystems will experience strong rallies. For now, it's time to patiently wait and enjoy the moment. Source :  https://coinmarketcap.com/community/post/348494125/

Bitcoin continues to witness a tough battle between the bulls and the bears near the $100,000 level. A positive sign is that the bulls have not ceded much ground to the bears, increasing the likelihood of an upside breakout. Bitfinex head of derivatives Jag Kooner said that the rate cut by the People’s Bank of China on Nov. 21 and by the European Central Bank on Dec. 12 could “spur capital flows into risk-on markets, including crypto.” The  sentiment could improve further  if the United States Federal Reserve cuts the rate in its Dec. 18 meeting. That could boost Bitcoin to “record-breaking levels” by the end of the year. Analysts anticipate Bitcoin’s rally to extend in 2025. According to a report by Sygnum Bank, a crypto-focused asset manager, Bitcoin could witness “demand shocks” in 2025 due to  increased institutional participation, sending its price higher . The report added that altcoins could participate in the rally only if the US passes laws supporting crypto adop...