Ethereum

Rekt

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 A closely followed crypto strategist believes that Ethereum (ETH) is gearing up for a big rally next year after a bullish December.
 Pseudonymous analyst Rekt Capital tells his 380,300 followers on the social media platform X that Ethereum looks primed for an over 20% surge if it manages to end December above the key resistance level of $2,274.
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 The analyst shares a chart showing ETH retesting $2,274 as support before igniting a rally toward $2,791.
 “ETH is positioning itself really well for a bullish December monthly close.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GChjawVWMAA0lvz?format=jpg&amp;name=large" alt="Image" width="1786" height="1266">
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 Source: Rekt Capital/X
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 At time of writing, Ethereum is trading for $2,302.
 The crypto strategist is also keeping a close watch on the Ethereum rival MultiversX (EGLD), formerly known as Elrond. Rekt Capital sees EGLD rallying to $85.46 after taking out its resistance at around $60.
 “EGLD continues to perform well. First, reclaimed orange area as support. And then the red area as support. Following the black path now. 
 Dips into red = healthy but may not occur.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCi1RTvXIAAPK6M?format=jpg&amp;name=large" alt="Image" width="1786" height="1266">
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 Source: Rekt Capital/X
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 At time of writing, EGLD is trading for $68.83.
 The next altcoin on the trader’s radar is fellow Ethereum competitor Near (NEAR). According to Rekt Capital, NEAR could retest $3.35 as support first before breaking out of its immediate resistance at $4.36.
 “Rejects from $4.36 and may be set for a monthly close below said level.
 However, NEAR still remains inside this blue-blue range, with scope to retest the range low soon.
 Stability there could precede another challenge of $4.36+.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCjBZZ5WMAA-v27?format=jpg&amp;name=large" alt="Image" width="1786" height="1266">
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 Source: Rekt Capital/X
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 At time of writing, NEAR is worth $3.71.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-predicts-rallies-for-ethereum-following-strong-december-updates-outlook-on-two-eth-challengers-tbt75258.html">https://thebittimes.com/trader-predicts-rallies-for-ethereum-following-strong-december-updates-outlook-on-two-eth-challengers-tbt75258.html</a>

Trader Predicts Rallies for Ethereum Following Strong December, Updates Outlook on Two ETH Challengers

TheBitTimes

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