Price Analysis

Ethereum is consolidating around the $3,000 mark, facing resistance but showing signs of a potential ‘bull flag’ pattern. Key support at €2,600 is critical, while a daily close above €2,665 could trigger a rally towards €2,880 and potentially €3,400.

Bitcoin fell 3% to $86,400 following a major sell-off, with analysts now watching key support levels as the market consolidates.

XRP’s price has dropped significantly, making it the worst performer in the top 10 this week. While one analyst spots a rare bullish signal, others warn of a potential fall to the $1 level due to large holder sell-offs.

While XRP’s price struggles near its yearly low, on-chain data shows increased activity from large holders, or whales. This accumulation, alongside key technical support levels, suggests a potential shift in market sentiment.

Bitcoin took a hit on Sunday, its worst since April, but has recovered overnight. Ethereum is holding steady while other altcoins see modest losses.

With the Bank of Japan expected to raise interest rates on December 19, Bitcoin investors are wary. Historical data shows previous BoJ hikes have triggered significant BTC corrections, and technical analysis suggests the price could fall towards $70,000.

XRP is struggling around $2, but a TD Sequential indicator has flashed a buy signal. However, the bullish scenario depends on maintaining the crucial $1.90 support level, with potential upside to $2.50 if it holds.

Macro analyst Luke Gromen, formerly bullish on Bitcoin, now warns of short-term risks and a potential drop to $40,000. However, crypto experts have criticized his analysis, calling his arguments weak and based on sentiment rather than data.

A rare price pattern has emerged in Ethereum’s chart, the same signal that previously triggered a 260% surge. With analysts predicting up to $5,000 (€4,250), we explore the reasons behind these high expectations.

In a year-end market update, Didi Taihuttu discusses bullish news like Klarna’s crypto integration and a Satoshi statue at the NYSE, but remains cautious. He advises watching Bitcoin’s monthly close on New Year’s Eve, warning a drop below $87,700 could trigger a crash to $56,000.