The market’s largest altcoin by value has many positive developments in store for the first half of 2024. Among them are the Dencun, $ETH decisions, Bitcoin halving, the first interest rate cut, and more. Moreover, the bulls are maintaining $2,507 as support. The rising 20-day EMA ($2,400) and RSI are positive. Hence, with the $2,600 resistance surpassed, the price could rise to $2,717.
The breakout level of $2,400 will be the main key region to watch on the downside. If the support zone is lost, we could see a drop to $2,100.
