#ALTCOINs Big Moves Incoming…
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- Ethereum is currently holding within a consolidation range between $3,650 and $3,850.
- Bitcoin has undergone a retest from the 200 EMA, indicating a bearish confirmation.
- Despite Ethereum holding up relatively well, the overall market situation is not great due to a significant selloff of spot Ethereum.
- Fridays are notoriously volatile in the crypto market, so a massive spike up is possible.
- For Ethereum, a breakout above $3,750 would be a bullish confirmation. Bitcoin needs to break above $68,000 to indicate a bullish trend.
- The recent news about the Ethereum ETF approval has caused a sell-off effect. The ETF is not technically approved yet as it still needs an S1 filing.
- Coins to watch for potential trading opportunities include RSR, UNI, RUNE, FLOKI, APTOS, PHANTOM, and ALT LAYER.
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