Ethereum 
2024-12-03

Eth usdt Daily analysis 
Time frame daily 
Risk rewards ratio >2 

Ethereum Will Lead New Wave of Altcoin Uptrend
 altcoins are likely to rise after a major cryptocurrency takes the lead.
  Ethereum’s rise would be very favorable for the altcoin market. I believe that Ethereum is very close to breaking resistance and starting its long-term uptrend, and a weekly candle close above $3,700 could end the 2024 downtrend. I also noted that Ethereum’s move above $3,100 would cause capital to shift from Bitcoin to Ethereum and then to mid-cap and smaller coins. As for Bitcoin, I believe that a daily candle close above $97,450 could see the bullish trend continue to near $100,000.