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$AVA will it bearish again or not?

Ethereum Price Set to Pump to $5K Before Year’s End? Here’s
Why a “Santa Rally” Is Likely 👍

While Ethereum could hit $5,000 this year, much more exciting
is the prospect for much larger gains in 2025.

As the Ethereum (ETH) price consolidates just above $3,900,
traders are eyeing the possibility of a surge into the year’s end, a phenomenon referred to as a “Santa Rally”.
From a technical perspective, Ethereum is looking good right now, sitting above all of its major moving averages and still in a
clear uptrend.
However, resistance in the form of the early 2024 highs just
above $4,000 continues to cap the Ethereum price action.

However, Christmas could be about to come early for Ethereum
investors.
While Polymarket betting odds only currently place a
14% chance that the Ethereum price will hit new all-time highs
at $5,000, this may represent the market under-pricing the
likelihood of a strong breakout. Here’s why.

Ethereum Price to Pump to $5,000 Soon? Here’s Why That’s
Likely

Reason 1 – Vibes
To say that vibes are good in the crypto market right now would be an understatement ahead of the arrival of an almost
unimaginably pro-crypto incoming US administration in March.
Trump promised this week to do great things for the crypto
industry, his picks for Treasury Secretary and SEC Chair are
ardently pro-crypto, and his family were spotted loading up
their ETH, AAVE and LINK positions just days ago.

U.S. President Donald Trump's World Liberty Financial bought

• 2,631  $ETH ($10M)
• 3,357  $AAVE  ($1M)
• 41,335  $LINK  ($1M)

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* Bitcoin ETF Inflows Continue:

Institutional interest in Bitcoin remains strong as Bitcoin ETFs
continue to see significant inflows.

* Bitcoin Price Consolidates Near Key Levels:
After a recent rally, Bitcoin is currently consolidating near
important resistance levels.

* Fed Rate Decision Impact on Bitcoin:
The upcoming Fed rate decision could influence Bitcoin's price,
as it may impact risk appetite in the market.

* Bitcoin Whale Activity:
Keep an eye on Bitcoin whale activity, as large transactions can
sometimes signal market trends.
.....
#Bitcoin #Crypto #BTC #Cryptocurrency

$AVA bouncing back but a critical situation