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LXP 🎩ðŸŽ
@lxp
According to data from IntoTheBlock, the proportion of long-term Ethereum (ETH) holders has surpassed Bitcoin (BTC) at 62%, rising from 59% at the beginning of the year to 74.7% by the end of 2024. This trend, which indicates investor confidence in Ethereum’s future, is likely to continue until it reaches its previous all-time high. Meanwhile, analyst Ali Martinez notes that Ethereum is moving in a parallel ascending channel and is likely to experience a significant rise to $6,000 after correcting to the $2,800 support level. Meanwhile, Bitcoin is showing signs of weakness as funding rates have decreased after hitting resistance at $108,000.
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