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Ethereum (ETH) has been a focal point of market discussions following its recent price action. Analysts have maintained an optimistic long-term outlook, with some forecasting a potential surge to $10,000. Meanwhile, Dogecoin (DOGE) and the new altcoin Yeti Ouro (YETIO) are drawing significant attention from investors.
Ethereum price is trading at $3,398, down from its $4,000 level reached earlier this week. ETH price has seen a pullback of 18.35% since its December 17 high of $4,109, forming a bearish engulfing pattern on its daily chart. The RSI remains below the neutral 50-mark, signaling bearish momentum.
Despite the short-term dip, analysts believe Ethereum has the potential to reach $10,000 in 2025, citing growing adoption in decentralized finance (DeFi) and NFT ecosystems. Market activity has also increased, with ETH’s 24-hour trading volume rising by 14% to $20.1 billion.
Since the price crash, whales have been increasingly using ETH to pay back loans, with one whale transferring 31,968 ETH, now equivalent to over $108 million, to Binance within two days. However, some whales are jumping in and buying the pullback. For instance, Longling Capital purchased 6,000 ETH by using the dip as a chance to buy it.
Dogecoin price is down by 45% on the monthly top and was at $0.279 for the day. This decline comes with a selloff across the crypto market, whereby investors offload their holdings to generate returns in the market. There are expectations regarding DOGE price declining more, with the pivotal support at $0.28 and the key level of resistance at $0.35.
However, this correction did not eradicate DOGE’s popularity among retail traders because of its vital advocates and the repeated big personalities promotion. Experts suggest that in the event DOGE price returns to $0.35, the asset might climb back to $0.40 in the following weeks.
Yeti Ouro is an altcoin that has recently attracted investors’ attention and is still in presale. The integration of Zerogas technology, an AI environment, as well as a convenient Web3 wallet, adds to its factor of differentiation from other acting tokens.
To engage its growing community, Yeti Ouro has announced a meme contest with a prize pool. The competition offers $2,000 to the winner, $1,000 to second place, and $500 to third. Participants are required to create Yeti-themed memes and share them on Twitter using the hashtag #YetiMeme, with the deadline for submissions being December 25.
Starting from the eve of Christmas on the 24th till the 26th, Yeti Ouro will be having a 20% bonus sale.
Currently, Yeti Ouro has raised $1.28 million, investors interested in the project are displaying interest, with many waiting for great profits as soon as the project starts.
Website: https://yetiouro.io/
X (Formerly Twitter): https://x.com/yetiouro
Telegram: https://t.me/yetiouroofficial
Discord: https://discord.gg/YtUsEZ2ZrV
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