Crypto Whales Invest Heavily In These Top 3 Altcoins: ETH Forms Bullish Pattern, Solana Eyes $400, And New DeFi Altcoin Closes In On $1M
The post Crypto Whales Invest Heavily In These Top 3 Altcoins: ETH Forms Bullish Pattern, Solana Eyes $400, And New DeFi Altcoin Closes In On $1M appeared on BitcoinEthereumNews.com.
The cryptocurrency market has recently seen significant activity, with Ethereum (ETH) showing bullish signs, Solana (SOL) approaching new highs, and a promising new DeFi altcoin capturing significant investor interest. Ethereum’s price pattern indicates potential for a breakout toward $4,000, while Solana aims for a $400 target. At the same time, a new Play-to-Earn (P2E) token, Yeti Ouro (YETIO), is gaining attention for its unique gaming use case and growing presale participation. Ethereum Price Prediction: ETH Forms Bullish Pennant Pattern Currently, Ethereum has been on the rise with its recent gains taking it close to the $3,700 level which is a crucial resistance level. Crypto analyst Rekt Capital explained that for Ethereum price to extend its upside, it must close above $3,700 on a weekly basis. In this case, a successful breakout would open the way up to the $4,000 level. However, Rekt Capital noted that the rejection from the area of interest indicates that the market is still not ripe for the breakout. The bullish setup of Ethereum is also backed up by rising funding rates, which shows that investors are becoming more optimistic. This is a clear indication that there is increased demand in the futures market as seen by the rise in funding rates of Ethereum. Solana News: SOL Shows Strong Momentum Solana, on the other hand, has seen significant gains and the recent price action appears to be a continuation of this trend. Solana price has recently climbed to an all-time high of $264 but has retraced slightly to trade at $236 at the time of writing. Nevertheless, the overall outlook is positive and Solana’s price is buoyed by several positive drivers such as the change in leadership at the SEC and the heightened interest in Solana’s ecosystem. Solana price is in its best position to surge…
Filed under: News - @ November 30, 2024 4:22 pm