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The Ethereum price surged 5.6% in the last 24 hours to trade at $2,353 as of 4:29 a.m. EST as trading volume jumped 52% to $28 billion.
The surge comes as crypto analyst Bluntz, who boasts 230,700 followers on X, says that Ethereum has transitioned into a bullish phase following its breakout from a prolonged multi-month accumulation range.
$ETH has well and truly broken out of a year and a half range now.
just waiting for the inevitable rage pump that catches everyone out while they're too busy shitting on ethbtc pic.twitter.com/r3jyaJt3zJ
— Bluntz (@Bluntz_Capital) December 6, 2023
According to Bluntz, Ethereum is poised to outpace traders focusing solely on Ethereum’s performance relative to Bitcoin (ETH/BTC).
Ethereum Price: Bulls Are Set to Break Above The Ascending Channel
Bullish momentum in ETH appears ready to surpass the ascending channel, demonstrating resilience by pushing the price higher. Despite encountering resistance at the $2150 level, it is striving for a new peak in 2023.
The Ethereum price currently trades above the 50-day and 200-day simple moving averages, confirming the prevailing bullish sentiment and creating short-term support levels.
The Relative Strength Index (RSI) is trending upward, bouncing from the neutral level of 50 to 74, surpassing the overbought threshold of 70. This indicates increased buying pressure.
Ethereum Price: Bulls Aim For $3000 In Coming Days
Anticipating a continuous bullish trend that could prompt further upward movements, bulls might aim for a prospective peak of around $3000 in the upcoming days of 2023.
If bears intervene to interrupt the bullish momentum, they could initiate a corrective phase and cause a decline in the Ethereum price, falling to the support zone at $2150.
A breach below this level could escalate selling pressure, potentially leading to a more substantial descent toward the crucial support level at the $1950 support zone.
Meanwhile, investors have the opportunity to consider yPredict as an alternative investment, especially as it approaches listing on major exchanges. Analysts predict that the coin has the potential to achieve a remarkable 100X growth.
yPredict Secures $5 Million, Last Call Buy YPRED Now, Presale In Final Stage
yPredict, driven by AI technology, is reaching its conclusion, providing participants with a last chance to obtain tokens at the favorable price of $0.11.
The $YPRED presale is in its final stage after surging past $5 million. With substantial momentum, it has raised almost $5.2 million towards its $6.5 million target.
🚀 Exciting News in the Crypto Space! 🌐 Investors are buzzing around yPredict (YPRED) as its presale approaches the finish line, having raised a staggering $5 million! 📈🚀
🤖 yPredict is set to revolutionize crypto analytics, making advanced insights accessible to all traders… pic.twitter.com/P9nr3OGvmx
— yPredict.ai (@yPredict_ai) November 25, 2023
As the project nears its launch, investors are presented with an opportunity to join this innovative venture, poised to revolutionize trading as the world’s inaugural all-in-one AI ecosystem.
The project prioritizes inclusivity by providing a range of payment options, ensuring accessibility for a diverse user base.
🔥 yPredict: Shaping the Future of Predictive Markets! 🔥
🚀 yPredict is pleased to announce we have entered Stage 8 of our pre-sale as we work to revolutionize predictive markets. 💡
💰 Our token price has increased to $0.11 in response to strong demand, and we can confirm the… pic.twitter.com/IlNySmCkQU
— yPredict.ai (@yPredict_ai) October 31, 2023
Taking part in the presale is straightforward, requiring users to have a compatible wallet like MetaMask or Trust Wallet. This underscores the project’s commitment to a user-friendly and accessible investment experience.
Get YPRED, Stake & Earn Rewards
YPRED provides access to premium features and grants users exclusive benefits. You can earn enticing incentives and lifetime access to basic analyses and models.
Token holders can earn rewards through staking, with 10% of the platform’s revenue directed to the staking pool.
This innovative approach adds a layer of value for $YPRED token holders. yPredict envisions the staking mechanism generating returns of at least 45% per quarter.
🚀 Ready to boost your crypto portfolio? 📈 Check out yPredict, the altcoin with the potential for 20x gains! 💰
🔥 Earn up to 45% quarterly rewards with yPredict's staking platform.
🛍️ Get discounts on yPredict features and lifetime access to prediction tools.
📊 A one-stop… pic.twitter.com/rrwDnDUw9d— yPredict.ai (@yPredict_ai) November 9, 2023
In line with its objectives, yPredict aims for a maximum token supply of 100 million and envisions achieving a market cap of around $6.5 million at launch, contingent on the success of the presale.
With AI cryptos currently on the rise, analyst and YouTuber Crypto Boy released a video in which he reviewed yPredict. He predicts yPredict will surge 100X.
Invest now by visiting the YPRED official website and connecting your wallet to swap your ETH and MATIC for YPRED tokens. Alternatively, you can use your bank card.
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