LikeCoin narxLIKE

#Bitcoin is still playing out incredibly similarly to December 2023. Leaving some stinky bids below $89,000 just in case -- but it looks like we're in for a treat next year. Higher, a lot higher.

Weekly $BNB looks like CZ is about to announce the cure for cancer -- send it into $1k+

What a wonderful sentiment! It's indeed thrilling to see investments flourish, especially during the holiday season. The cryptocurrency market can be unpredictable, but moments like these make the ride worthwhile. Here's to a joyous holiday season and a prosperous new year for all crypto enthusiasts! May your wallets be merry and bright!

This is Myung-gi. Don't be like Myung-gi. #SquidGame2

Ethereum Price Analysis: Will ETH Hit $5,000 in 2024? Ethereum (ETH) has recently pulled back by over 15%, now trading at approximately $3,375 on Friday, December 27, during the early European session. While this may seem like a setback, it has set the stage for a potential breakout. With a market cap of $406 billion and a daily trading volume of $23 billion, Ethereum is holding steady at a crucial support level. But what comes next? The signs point to a rally that could push Ethereum toward new highs. ETH Rally Incoming? The broader altcoin market, tracked by the TOTAL2 index, recently retested its previous all-time high (ATH) near $1.6 trillion. This setup suggests Ethereum could soon rally toward $5,000. Supporting this outlook, the ETH/BTC trading pair is showing a macro reversal pattern alongside bullish divergence on the weekly Relative Strength Index (RSI). Ethereum Whales Shift Strategies In the last two years, Bitcoin has outperformed most major altcoins, but whale investors are now rebalancing their portfolios in anticipation of a strong altseason. Ethereum’s recent performance adds to this optimism, with its Open Interest (OI) and trading volume hitting a record high of over $23 billion. What’s Boosting the Demand? Data from Coinglass shows that the total supply of Ethereum on centralized exchanges (CEXes) has dropped from 16.12 million on November 29 to around 15.3 million. This decline is largely due to increasing demand from U.S. spot Ether ETF issuers. U.S. spot Ether ETFs, led by BlackRock’s ETHA and Fidelity’s FETH, have collectively attracted over $2.64 billion in net inflows since launching. Together, these funds now manage $12.01 billion in assets. On Thursday alone, the ETFs reported $117 million in net inflows and $390 million in trading volume. On-chain data reveals that 1,500 Ether, worth approximately $5.21 million, was withdrawn from Binance in the past 24 hours. This trend aligns with the broader decline in Ethereum supply on exchanges, suggesting growing demand and reduced selling pressure.