ETH and Altcoin Preparations for the Big Rally

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ETH and Altcoin Preparations for the Big Rally. Despite 2022 ending on a depressing note and the main economy giving little hope for a comeback in 2023, the beginning of the new year has been marked by a slight increase in altcoin prices.

Even as this article is being written, CoinGecko stats show that almost all other cryptocurrencies, including Ether, are in the green on both the 24-hour chart and the 7-day chart. Tokes of Toksens to see a strong increase in the future?

The Researcher is Thinking That You Will See What Is Not Far Away

Based on TechdonyV, pseudocorcy is well known, including eheruurh (ITECTIONS TO MAKE IN MACKOLAL. In his December 27 newsletter, the analyst presented a chart that he claims shows the main market of the altcoin, as well as its Litecoin (LTC) and Bitcoin (BTC) pairs (LTC/BTC), are build a bullish structure in one. times like the US Dollar Index (DXY) and the government of Bitcoin are showing signs of weakness.

See the Table Below: “These 4 factors combined continue to suggest a broader market structure closer to late 2016/early 2017 than any previous scenario. It takes 1.5-2x as long to grow as other current methods.”

In addition, on his Twitter page, the analyst said that Ethereum is doing well against Bitcoin, which is evidence that the point of optimism is approaching for other cryptocurrencies. It provides a chart of the ETH/BTC exchange rate with a three-week candle that shows that the Relative Strength Index (RSI) may fall to a break.

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Will The Current Altcoin Boom Last?

The most popular prices among these cryptocurrencies have been seen in Solana (SOL), Cardano (ADA), Lido (LIDO), and Ethereum (ETH). The negative cash flow in the futures market, especially for SOL, and the upcoming promotion of Ethereum Shanghai are the main factors encouraging the flow of these tokens.

Since most of the traders are short due to bad rates, this may be a good time for whale traders to close their stops. Investment costs for other brands continue to be relatively easy and low volume.

Due to the recent extended decline, it is unclear if the current altcoin bull run can be sustained and possibly extended into a larger range. Although TechDev’s prediction should not be taken at face value since it is difficult to explain the underlying forces driving this bull, it cannot be ignored. Anything could happen!

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