ETH may reach new highs in January; Ethereum whales flock to Remittix (RTX)
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In recent developments in the crypto market, **Ethereum (ETH)**'s potential has garnered widespread attention, especially with the breakout of the ETH/BTC pairing, which could lead to a rise in altcoins. Below is a brief analysis of Ethereum's price expectations, the ETH/BTC pairing, and investment trends related to Remittix (RTX).
Ethereum (ETH) Price Expectations
ETH/BTC Pairing Analysis:
The ETH/BTC ratio is a key indicator for assessing ETH's performance relative to Bitcoin. Currently, the ETH/BTC ratio is around 0.033, however, analyst Michaël van de Poppe predicts that by January 2025, the ETH/BTC ratio is expected to reach 0.04, which means ETH will rise approximately 20% relative to BTC. This increase could signal a market breakout and potentially trigger a widespread altcoin season.
The potential for ETH price to reach new highs:
If the breakout of the ETH/BTC ratio is confirmed, ETH could surpass the resistance level of $4,000, moving towards a target of $6,000. According to James CryptoGuru's predictions, ETH prices could break this new high in early 2025, marking Ethereum's entry into a new strong upward cycle.
Growth of Ethereum Accumulation Addresses:
According to CryptoQuant analyst MAC_D, the number of ETH accumulation addresses (HODL wallets) has grown an astonishing 60% since August. The share of ETH supply in these addresses has increased from 10% to 16%, adding 19.4 million ETH out of 120 million ETH. This growth indicates that long-term holders are optimistic about ETH's future prospects, providing support for ETH's rise.
Conclusion: The Potential of ETH and RTX
The future of Ethereum looks bullish, especially after the ETH/BTC ratio breaks key levels, with ETH expected to reach new highs in January 2025, possibly touching $6,000.
Remittix (RTX), as one of the potential altcoins of ETH, has caught the attention of whales, likely to experience significant gains alongside the rise in ETH prices.
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