A Crypto Strategist Expects Ethereum to Rally in 2023
A well-known crypto strategist believes that Ethereum (ETH) is poised for a significant rally next year, following a bullish December. The analyst, known as Rekt Capital, shares on social media that if ETH can close December above the key resistance level of $2,274, it could experience a surge of over 20%. Rekt Capital supports this prediction with a chart showing ETH retesting $2,274 as support before rallying towards $2,791.
EGLD and NEAR Also Show Positive Outlook
Rekt Capital is also optimistic about two Ethereum competitors. For MultiversX (EGLD), the analyst expects a rally to $85.46 after surpassing its resistance at around $60. Meanwhile, Near (NEAR) may retest $3.35 as support before breaking out of its immediate resistance at $4.36.
Conclusion: A Positive Future for Ethereum and Competitors
According to Rekt Capital, Ethereum has the potential for a strong rally in 2023 if it closes December above the key resistance level. Additionally, the strategist sees opportunities for growth in EGLD and NEAR as they overcome their respective resistances. These predictions provide hope for investors looking to diversify their crypto portfolios beyond Ethereum.
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