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<p class="is-style-lead">Crypto prices are back to bullish ways on Dec. 28 after a brief pullback. Ethereum is in focus after rising 6.7%, peaking at $2,440, the highest level since May 2022. Meanwhile, Ethereum-based tokens are also surging, with newly launched Bitcoin Minetrix trending higher in its presale.</p> 
<h2 class="wp-block-heading" id="strong-ethereum-set-for-strong-gains-strong"><strong>Ethereum set for strong gains</strong></h2> 
<p>CEO and founder MN Trading, Michael van de Poppe,recently said ETH will post strong gains in Q1 2024 as Bitcoin dominance has seemingly peaked.</p> 
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> dominance is likely peaking pre-Bitcoin halving.<br><br>That means that Q1 is going to give a great return for investments in the <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a> ecosystem. <br><br>I'm positioned and ready. <a href="https://t.co/Iqlxkojz4w" target="_blank">pic.twitter.com/Iqlxkojz4w</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1738190151900164462?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 22, 2023</a>
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<p>At the time, Ethereum was trading at $2,310, and after a brief pullback, it rose 5.45%, breaking above a local resistance.</p> 
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   <p lang="en" dir="ltr">The first quarter it’s like going to be <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Ethereum</a> which will be outperforming the markets.</p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1739607056863072382?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 26, 2023</a>
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<p>Michael further explained that <a href="https://crypto.news/arthur-hayes-forecasts-ethereum-to-soar-above-5k-in-2024/" data-type="post" data-id="14231009">Ethereum</a> will continue to push ahead from here and has strong support at $2,150.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Ethereum</a> holds crucial level at $2,150 and is ready to continue the upwards path.<br><br>Likely, we've been bottomed on the <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a> / <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> pair and have peaked on the Bitcoin dominance. <a href="https://t.co/51qH96peeI" target="_blank">pic.twitter.com/51qH96peeI</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1740031362554585453?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 27, 2023</a>
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<p>But van de Poppe is not the only analyst bullish on Ethereum.</p> 
<p> Stockmoney Lizards <a href="https://twitter.com/StockmoneyL/status/1740266770337058989" target="_blank" rel="noopener">noted</a> that ETH has broken a macro trendline resistance on the weekly timeframe. The analyst compared this to a similar pattern forged in 2020, suggesting Ethereum could be on the cusp of another parabolic run.</p> 
<p> You might also like: <a href="https://crypto.news/vitalik-buterin-pitches-3-pathways-to-simplify-ethereums-pos-model/"> Vitalik Buterin pitches 3 pathways to simplify Ethereum’s PoS model </a> </p> 
<p>The trader doesn’t provide a price target for Ethereum. However, the chart shows ETH roared 2,000% last time, implying that the coin can rally above $10,000 in the coming cycle.</p> 
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<p>Even so, even climbing above $10,000 would be a challenge for ETH given its market cap.&nbsp;&nbsp;</p> 
<p>On the other hand, many Ethereum ecosystem tokens could outpace ETH in the coming cycle thanks to their lower valuations and comparative ease of pumping.</p> 
<p> <a href="https://x.com/CryptoMichNL/status/1740000810472546712?s=20" target="_blank">Michael van de Poppe</a> highlighted the rising strength of Ethereum ecosystem tokens in a recent tweet, suggesting, “It’s just getting started with the cycle.”</p> 
<p>One of them is Bitcoin Minetrix, a project whose presale is ongoing, raising $6.4 million.</p> 
<h2 class="wp-block-heading" id="strong-bitcoin-minetrix-raises-over-6-4-million-in-presale-strong"><strong>Bitcoin Minetrix raises over $6.4 million in presale</strong></h2> 
<p><a href="https://bs_b96bd0a7.crypto-news.care/" target="_blank" rel="noopener">Bitcoin Minetrix</a> allows users to cloud mine Bitcoin from Ethereum.</p> 
<p>Its native crypto, BTCMTX, is an ERC-20 token, which users can stake on the Bitcoin Minetrix platform for Bitcoin mining credits, non-transferable ERC-20 tokens. </p> 
<p> You might also like: <a href="https://crypto.news/ethereum-express-rallying-bitcoin-minetrix-is-next/"> Ethereum Express rallying, Bitcoin Minetrix is next? </a> </p> 
<p>They can then burn these credits for cloud mining power, translating to free Bitcoin.&nbsp;</p> 
<p>This process has no technical barriers or hardware requirements. Through this, Bitcoin Minetrix aims to drive Bitcoin mining.</p> 
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<p>Since the project supports staking, BTCMTX holders receive rewards when they lock tokens. </p> 
<p>Meanwhile, tokens will be locked in the staking contract, and rewards are paid out in mining credits, not BTCMTX. </p> 
<p>These factors indicate high demand and low supply, which may drive prices higher.</p> 
<p>Analyst <a href="https://youtu.be/37ne69bgi4c?si=so2mgo4Gsn6RAVns" target="_blank" rel="noopener">Jacob Bury</a> recently made a video on Bitcoin Minetrix, saying the token may rally after its presale.</p> 
<p>Other analysts, including <a href="https://youtu.be/XHaA9z4RwEY?si=MgGLsh-h544iC1Ua" target="_blank" rel="noopener">No Bs Crypto</a>, expect the token to stretch gains in the upcoming bull run. </p> 
<p>In the ongoing presale, BTCMTX is available for $0.0125.</p> 
<p> Read more: <a href="https://crypto.news/bitcoin-minetrix-a-stake-to-mine-project-raises-over-4m-in-presale/"> Bitcoin Minetrix, a stake-to-mine project, raises over $4m in presale </a> </p> 
<p> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p>

Ethereum surging as crypto turns bullish, new altcoin set for more gains

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