Ethereum new yearly highs on the horizon as ETH breaks key resistance
In line with the overwhelming bullish sentiment in the general cryptocurrency market, Ethereum (ETH) has continued its gains from previous weeks and has already broken out of the key resistance area, signaling it is ready for more significant gains soon. Specifically, Ethereum has overcome a resistance zone between $1,982 and $2,044, where 1.67 million crypto wallets purchased 38.73 million ETH, according to the recent data shared by renowned crypto analyst Ali Martinez in an X post he published on November 24. Ethereum holders in/out of money. Source: Ali Martinez As the crypto trading expert concluded, should Ethereum stay above this demand area, it could pave the way for it “to reach new yearly highs ,” particularly considering there is “minimal resistance ahead and solid support below.” Indeed, according to the chart, no demand walls per specific price ranges stand out. Other bullish indicators Another bullish sign for Ethereum is that the 200 of its largest whales are cu...