📈 Ethereum (ETH) Shows Green Candle - Opportunity Before $3,000 Rally?

Today, Ethereum is painting a positive picture with a green candle on its daily chart, indicating potential upward momentum. Analysts suggest that now might be the opportune moment to accumulate more Ethereum before a speculated rally to $3,000.

🚀 Key Market Movement:

Over the last 22 hours, Ethereum has surged by more than 5.8%, demonstrating a solid gain of over 3% in the last seven days.

The month has seen an impressive growth of 12%, according to CoinMarketCap.

Ethereum experienced a notable jump to $2,400 on December 9, following a period of stability. Although a retracement occurred to $2,136, recent green candles suggest a potential return to the upward trajectory.

📊 Technical Analysis: Bulls in Control

The ETH/USDT chart reveals an ascending channel marked by green dotted lines, indicating bullish momentum.

Bulls have defended the channel, establishing a robust support level at $2158.Simple Moving Averages (SMA) indicators (50-day and 200-day) signal a bullish sentiment, supporting the likelihood of continued upward movement.

⚖️ Potential Scenarios:

Support levels at $2158 and $1531 may act as barriers against a downtrend.

Further downside risk to $1369 if key support levels fail to hold.

🌐 Market Influencers: Bitwise’s Spot BTCETF

Bitwise's Spot Bitcoin ETF (BITB) listed on DTCC. This development, coupled with SEC approval prospects, impacted Bitcoin and the broader market, including Ethereum.

💡 Investment Opportunity: Bitcoin ETF Token

Consider Bitcoin ETF Token, an Ethereum-based project rewarding supporters upon SEC approval of a Bitcoin ETF.

Token is currently in presale (8th stage), priced at $0.0066, with over $3.6 million gathered.

Staking the token yields more than 135% APY, and the project has reversed 25% of its total tokens for rewards over the next five years.

📈 Stay Informed, Stay Profitable: Follow for Real-time Updates!

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