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Reading: Will Ethereum’s God Candle Propel It Beyond $4,000?
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Deythere > News > Crypto > Will Ethereum’s God Candle Propel It Beyond $4,000?
CryptoMarketNews

Will Ethereum’s God Candle Propel It Beyond $4,000?

depicting Ethereums potential God Candle breakout. The image features a glowing Ethereum symbo
Emiliano Trejo
Last updated: December 19, 2024 10:58 am
By
Emiliano Trejo
Published December 19, 2024
2 Min Read
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Prominent crypto analyst Inmortal has sparked excitement with his bullish forecast for Ethereum (ETH). Sharing insights on X, Inmortal noted similarities between Ethereum’s recent price action and Bitcoin’s performance two weeks ago, suggesting a major breakout rally could be on the horizon for ETH.

Contents
  • Ethereum Approaching Key $4,000 Resistance
  • Floki and Solana Eye New Peaks
  • Current Market Snapshot

Ethereum Approaching Key $4,000 Resistance

Ethereum’s battle with the $4,000 resistance level remains a focal point for investors. Inmortal drew parallels to Bitcoin’s past struggles with the $100,000 mark, highlighting how Bitcoin eventually soared to new all-time highs.

“Same price action, but with a twist. Post-breakout, God Candle. ETH,” said Inmortal, fueling optimism among Ethereum enthusiasts.

Should Ethereum break above $4,000, the analyst predicts it could enter price discovery mode and set new records. This development would likely strengthen bullish momentum across the cryptocurrency market.

Floki and Solana Eye New Peaks

In addition to Ethereum, Inmortal also highlighted opportunities in Floki (FLOKI) and Solana (SOL). Floki, currently trading in a symmetrical triangle pattern, is on the verge of breaking diagonal resistance to hit fresh highs.

“Second wave loading. New peak loading. Price discovery loading. FLOKI,” said Inmortal, inspiring optimism within the Floki community.

For Solana, the analyst expects a breakout above its diagonal resistance, potentially pushing prices toward the $300 mark.

“Something like this. SOL,” remarked Inmortal, emphasizing the token’s upward potential.

Current Market Snapshot

As of now, Ethereum is trading at $3,892, Floki at $0.000219, and Solana at $222.60. If the anticipated moves materialize, the broader crypto market could experience a significant upward shift.

Investors are closely monitoring the critical resistance levels for these assets. A successful breakout in any of these cryptocurrencies could lead to notable price volatility and fresh opportunities for traders.

Dey There continues to follow these developments closely, providing timely insights into market trends and key price movements.

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ByEmiliano Trejo
Emiliano Trejo has spent the last 9 years immersed in the world of blockchain and cryptocurrencies, becoming a prominent figure in the industry. With a background in economics and a keen interest in decentralized systems, Emiliano has contributed to several groundbreaking projects, including the development of blockchain-based financial products and services. His expertise lies in the intersection of blockchain technology and economic models, where he excels in creating innovative solutions that leverage the benefits of decentralization. At DT NEWS, Emiliano shares his deep knowledge of the global cryptocurrency market, offering insights that help readers understand both the technical and economic implications of blockchain innovations.
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