Bitcoin and Ethereum prices both prepare for a major pump ahead.
Bitcoin targets set from $100,000 to $320,000 during this bull cycle.
Analyst notices bullish pattern on ETH chart taking its price to $6,675.
The crypto market has had a phenomenal start this week and for the month of December with major pumps across the altcoin price charts. Bitcoin (BTC)’s green close in November was up by over 35% which beats its last two bullish green closes in September and October contributing to a bullish start for December.
As analysts expect BTC price to set a new ATH int he 6-digit price range traders patiently await Bitcoin to break the $100,000 price target and set higher 6-digit ATH hopefully by the end of December if not later in the new year of 2025. Whilst BTC continues in its bullish sideways movement, altcoins have gone parabolic.
ETH and BTC Prepare for Greater Rally
So far multiple altcoins have pumped parabolically with bullish signals indicating that the pump has just started. This phenomenon also hints at an earlier start to altseason for the crypto market. Furthermore, analysts are keeping a close eye on BTC and ETH the pioneer crypto and altcoins assets.
https://twitter.com/JavonTM1/status/1863744095664902457
As we can see from the post above, Bitcoin (BTC) and Ethereum (ETH) have both confirmed bullish signals strengthening an extremely bullish and powerful expectation for the crypto market as a whole. What’s more, with a target already set for BTC from $220,000 to $320,000 cycle top prices, analysts are working to do the same for ETH price.
ETH’s Next ATH Set Target at $6,675
https://twitter.com/CryptoBullet1/status/1863647220400074862
According to the analyst in the most above, Ethereum (ETH) month chart showcases a highly bullish cup and handle pattern pointing to a major price pump. The reputed analyst then goes on to set an ATH target for ETH price at the end of this pattern at $6,675. Thus, ETH price is set to smash through a major resistance level.
The post $6,675 ATH Loading for ETH Price as Chart Depicts Bullish Cup and Handle Formation appeared first on Crypto News Land.
