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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B

Ethereum Price Outlook: Whales could drive ETH to challenge $4,868 all-time high resistance

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Ethereum (ETH) is regaining momentum as significant market players, known as whales, exhibit increased buying activity. Analysts suggest this surge in accumulation could drive Ethereum closer to testing its all-time high resistance of $4,868, last achieved in November 2021. This renewed interest reflects broader optimism in the crypto market, spurred by easing regulatory concerns and improving macroeconomic conditions.

ETH Exchange Reserve as of December 4, 2024
Source – FXStreet

Market data highlights a substantial rise in large-scale ETH transactions, often a precursor to price rallies. If whales maintain their aggressive stance, Ethereum’s bullish trajectory could extend into the first quarter of 2024, testing key psychological levels. However, experts warn of potential volatility as external factors, including Federal Reserve policies and Bitcoin’s performance, continue to influence the market’s direction.

ETH Staking Flows as of December 4, 2024
Source – FXStreet

Ethereum’s outlook remains cautiously optimistic, hinging on whether whale activity sustains its momentum. A successful break above the $4,868 resistance could signify a new phase of growth for the second-largest cryptocurrency by market capitalization.

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