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Trader Alert – Monster Breakout in the Making. Will this breakout be successful???

Three catalysts remain for the next 10 days...

Author

Markus Thielen
December 04, 2024

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👇1-15) We’ve been bullish on Ethereum, and Ether is now finally testing the upper boundary of its massive triangle formation. A breakout at this level could pave the way to $4,092 (the 2024 high) and potentially challenge its all-time high of $4,812. But is this breakout likely? Few focus on the data that truly matters. While our research is forward-looking, it’s grounded in uncovering the critical insights that drive market movements, providing a clear perspective on what’s most important.

Ether is testing the upper triangle formation - measured move of $4,000

👇2-15) In our November 28 research report, ‘Smart Traders Are Switching Out of Bitcoin and Into…’, we highlighted a preference for Ethereum, driven by recent developments in U.S. courts. The court's ruling that sanctions against the crypto mixer Tornado Cash were unlawful established a significant precedent, affirming the right of programmers to develop and release smart contract protocols. This decision could potentially ignite a new wave of DeFi innovation, with Ethereum positioned as the primary beneficiary.

👇3-15) Additionally, we anticipated that Paul Atkins might be appointed as the next SEC Chair, a prediction that now appears to be coming true. His leadership is expected to foster a more crypto-friendly regulatory environment over the coming years, further supporting the sector's growth.

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