Ethereum

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<p>According to top analysts, Ethereum is showing key signals of a bottom being formed while Bitcoin tops out from its vertiginous run. This turning point could set the stage for ETH to markedly outperform BTC in the first quarter of 2024.</p> 
<h3 class="wp-block-heading" id="monthly-support-preventing-deeper-drawdowns">Monthly Support Preventing Deeper Drawdowns</h3> 
<p>In recent tweets, market observers note how vital monthly support continues to prevent deeper sells offs for Ethereum as the year wraps up.</p> 
<p>As crypto strategist <a href="https://twitter.com/rektcapital/status/1741122384386507119?t=08udxWUP-5DoYy5-xdd71Q&amp;s=19" target="_blank" rel="nofollow">Rekt Capital points out</a>, “**$ETH Still just about positioning itself favourably for a bullish Monthly Close, despite the dip Already following the first part of the green path.**”</p> 
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<p>Indeed, the critical floor at $2,300 has so far held to develop a higher monthly candle close for December – typically indicative of medium-term bottoms. A successful close above the resistance which will turn support will see the price eyeing $2,800 next. </p>  
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<h3 class="wp-block-heading" id="historically-bullish-setup-aligning-for-eth">Historically Bullish Setup Aligning For ETH</h3> 
<p>Beyond the charts, <a href="https://twitter.com/CryptoMichNL/status/1741089253885444422?t=qSQ5-tBsBOjlNIwnhLt3-Q&amp;s=19" target="_blank" rel="nofollow">analysts like Michaël van de Poppe</a> also cite timing and momentum signals that have consistently preceded Ethereum upswings against Bitcoin.</p> 
<p>“**As I suspect Bitcoin to be close to finalizing this upward run, I think Ethereum will start to take over. Based on historical price actions, multiple signals of a potential reversal + Q1 is a reasonable period for Ethereum,**” remarks veteran trader Michaël van de Poppe.</p> 
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<p>So with BTC cooling off from overbought peaks while ETH flashes reversal signals plus entering its seasonally strongest quarter, a changing of the guard appears underway to start 2024.</p> 
<p>This technical alignment marks a reversal of market dominance from the majority of 2023 when Bitcoin soared while Ethereum lagged severely. With the macro landscape now flipping favorable, Ethereum seems geared to regain leadership next – likely translating to substantial outpacing of BTC gains as capital rotates toward high-upside altcoins after Bitcoin’s parabolic run tops out.</p> 
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<p>The post <a href="https://captainaltcoin.com/ethereum-eth-flashes-bottom-signals-and-bullish-monthly-close-poised-to-outperform-bitcoin-in-the-weeks-ahead-key-levels-to-watch/">Ethereum (ETH) Flashes Bottom Signals and Bullish Monthly Close – Poised to Outperform Bitcoin in the Weeks Ahead, Key Levels to Watch</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Ethereum (ETH) Flashes Bottom Signals and Bullish Monthly Close – Poised to Outperform Bitcoin in the Weeks Ahead, Key Levels to Watch

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