ETH MAXI

Ethereum recorded a progression of over 47% this November. Indeed, ETH has experienced significant expansion since the support level of $2,400. This allowed it to reach and surpass the resistance of $3,560. After a brief consolidation period around $3,500, ETH ultimately continued its rise to reach its latest peak identified at $4,000. The bullish hypothesis presented in the November 20 analysis thus materialized. Unfortunately, the overall decline in the crypto market has led to a retreat of Ethereum back towards its previous range, demonstrating the importance of this level as support.

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