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Ethereum Primed for Breakout, Altcoins to Follow Bitcoin’s Lead, Says Top Crypto Expert

  • Ethereum is expected to experience a significant breakout, with a target price of $3,400-$3,500 if it surpasses the $2,800 resistance level. A support level around $2,575 is crucial to prevent a deeper correction.
  • The market cycle outlined by the expert indicates that Bitcoin leads the way, followed by consolidation before Ethereum and then altcoins outperform Ethereum.
  • Increased momentum in the DeFi and Ethereum ecosystem projects hints at a broader altcoin rally. This shift suggests growing investor interest in higher-risk assets within the decentralized finance sector.
  • Overall, the expert points out that the current market sentiment leans towards taking higher risks for potentially greater returns in the cryptocurrency space.

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