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You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-poised-for-major-rally-analyst-predicts" rel="noopener noreferrer nofollow">Ethereum Poised for Major Rally, Analyst Predicts</a> 
A well-known crypto analyst, recognized for accurate market predictions, suggests that Ethereum (ETH) is ready for a significant rise after completing a lengthy consolidation phase. The analyst, known by the pseudonym Pentoshi, shared on social media that he believes Ethereum is moving towards the upper level of its trading range, targeting $3,500.
Pentoshi also discussed Ethereum’s main competitor, <a href="https://en.bitcoinhaber.net/solanas-remarkable-growth-amidst-developer-and-market-surge" rel="noopener noreferrer nofollow">Solana</a> (SOL), noting that while SOL has shown good performance in the second half of 2023, it now requires a period of consolidation before making new moves. He indicated a potential support level for Solana at $70, even if it is not reached immediately.
At the time of writing, SOL was trading at $95.49. Pentoshi also touched upon Bitcoin, emphasizing the significance of the potential approval of spot Bitcoin exchange-traded funds (ETFs) for the crypto market. He concluded that the approval could lead to record-breaking volumes on the first day and attract a lot of new interest and participants to the market.
Finally, the analyst hinted that the approval of Bitcoin ETFs could be a positive signal for other cryptocurrencies waiting in line for their ETFs and serve as great publicity for the sector. Bitcoin was trading at $42,625 when the article was penned.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-poised-for-major-rally-analyst-predicts" rel="noopener noreferrer nofollow">Ethereum Poised for Major Rally, Analyst Predicts</a></h5>

Ethereum Poised for Major Rally, Analyst Predicts

BH NEWS

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