๐ ETH Ready to Close the Year with 50% Gains! ๐
Ethereum (ETH) has been consolidating near $3,400 and is on track to close the year with an approximate 50% return. Despite underwhelming gains compared to Bitcoin and other top 20 altcoins, Ethereum remains a key player in the crypto market. Let's dive into its technical analysis and trade signals.
๐ Current Market Trends:
- Consolidation Phase: Ethereum is finding stability around the $3,400 mark as the year ends. ๐
- Comparative Performance: ETH has lagged behind Bitcoin and some top 20 altcoins but remains a strong contender. ๐
Technical Analysis & Trade Signals:
1. Support Levels:
- First Target ๐ฏ: $3,300
- Second Target ๐ฏ: $3,200
- Third Target ๐ฏ: $3,100
2. Resistance Levels:
- First Resistance ๐: $3,500
- Second Resistance ๐: $3,600
- Third Resistance ๐: $3,700
### Trade Signals:
- Short-Term: Neutral to Buy ๐
- Mid-Term: Buy ๐
- Long-Term: Strong Buy ๐
### Momentum: Bullish ๐
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