Bitcoin remained below key support levels as traders hoped the rally could 
achieve the highest-ever Thanksgiving Day close for BTC price.

Bitcoin bounces to seven-day highs, but can BTC break $95K on Thanksgiving?

Ethereum (ETH) is attempting to bounce from the market’s Q4 correction, 
retesting the $3,000 barrier once again. As we approach the end of November, 
some market observers have suggested that the end-of-year rally may still be 
possible in the coming weeks. Related Reading: XRP ETFs Outshine BTC, ETH, And 
SOL Funds With $164M Single-Day Inflows Ethereum Eyes $3,000 Ahead Of Key 
Upgrade On Wednesday, Ethereum experienced a 4.4% daily surge, retesting the 
$3,000 level for the first time in nearly a week. The cryptocurrency has been 
trading within the $2,680-$2,980 price range amid the latest market-wide 
correction, which also saw Bitcoin (BTC) lose some crucial support levels. At 
the start of the week, the King of Altcoins broke above the $2,900 area, 
attempting to retest the next key resistance over the past two days but 
ultimately failing to reclaim it. Analyst Ted Pillows highlighted this 
performance, noting that ETH “tapped the $2,950-$3,000 zone again and got 
rejected.” Per the post, until Ethereum successfully reclaims this level, “the 
chances of a new low are high.” On the contrary, if the cryptocurrency breaks 
above this zone with strong volume in the coming days, investors could “expect 
a rally towards the $3,400 level.” The analyst also suggested that the altcoin 
could see a remarkable recovery rally next week, driven by the upcoming Fusaka 
upgrade. As he explained, ETH soared around 50% after the network’s Pectra 
upgrade in May. As reported by NewsBTC, the upgrade introduced a series of 
improvements to increase transaction capacity, enhance efficiency, and reduce 
system stress. Following the implementation, the cryptocurrency rallied from 
the $1,800 level to the $2,700 area in a week, which was later followed by an 
80% jump in Q3 to its latest all-time high (ATH) of $4,946. Now, the Fusaka 
upgrade is the network&#8217;s biggest update since The Merge and is expected to 
come on December 3, “to relieve one of the network’s most pressing 
bottlenecks: data availability for rollups,” VanEck explained in October. 
Based on this, Ted Pillows suggested that if ETH repeats its post-Pectra 
performance with the new upgrade, the altcoin’s price could soar above the 
$4,000 resistance in the next few weeks. End-Of-Year Rally Underway? Market 
watcher Merlijn The Trader also suggested that Ethereum could see another leg 
up soon, as it is “repeating a textbook wave structure” it has printed 
multiple times since hitting the bear market bottom in mid-2022. “Wave 1: 
Kicked off the cycle. Wave 2: Is shaking weak hands. wave 3: Where parabolas 
form,” the trader explained on X, noting that ETH could be ending its 
corrective move and potentially see another rally in the coming weeks. “This 
pattern printed 3 times before. Each time, ETH went vertical. Now it’s 
flashing again,” he stated. Similarly, Michaël van de Poppe highlighted 
Ethereum’s trading pair against Bitcoin, affirming that investors should keep 
an eye on the chart. Notably, ETH is retesting a multi-month downtrend line 
resistance against BTC, and could “see a strong breakout upwards in the coming 
weeks.” “This cycle is far from over,” van de Poppe added. Related Reading: 
Bitcoin’s November Crash To Continue If This Level Isn’t Reclaimed, Analyst 
Warns Meanwhile, Rekt Capital noted that Ethereum Dominance continues to 
occupy an area that served as a consolidation zone before the 2021 rally. “As 
long as ETHDOM can maintain itself above 10.05% then it should be positioned 
for higher market dominance levels over time,” the analyst concluded. As of 
this writing, ETH trades at $3,023, a 2% increase in the weekly timeframe. 
Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum’s End-Of-Year Rally Still At Play? Analysts Eye 50% December Jump

The Bitcoin price appears to be entering a new recovery phase, as the leading 
cryptocurrency recaptured the $91,000 level after falling by more than 30% 
from all-time highs last Friday, tumbling to an 8-month low of $80,000. 
Critical Bitcoin Price Range Technical analyst Daan Crypto Trades highlighted 
on social media site X (formerly Twitter) on Wednesday that the critical 
region for investors to monitor right now is between the $89,000 and $91,000 
range. He observed that this price level acted as support in late 2024 and 
early 2025 before becoming a point of resistance during President Donald 
Trump&#8217;s recent tariff negotiations with the world&#8217;s top economies, including 
China. Related Reading: Has The Bitcoin Price Hit Its Bottom? Key On-Chain 
Data Signals Potential Rebound Ahead After breaking out of this zone almost 
exactly one year ago, the Bitcoin price reached new highs of $109,000 in 
January, which held until a new uptrend in May of this year resulted in BTC 
reaching $112,000. Daan emphasizes that a strong consolidation above these 
levels could pave the way for a rally toward the $106,000 to $108,000 range. 
Conversely, if Bitcoin falls back below these levels, it could revisit last 
week&#8217;s low of $80,000, which he identifies as the nearest support. Bullish 
Sentiments Amid Caution Another analyst, BitcoinVector, echoed Daan&#8217;s bullish 
sentiment but cautioned that the market remains in a high-risk environment and 
that the current momentum has yet to strengthen significantly. According to 
BitcoinVector, steady momentum is required for Bitcoin to break out of the 
compression pattern that has formed since its all-time high. He laid out the 
bullish path: first, the Bitcoin price must close within the $89,000 to 
$90,000 zone, followed by consolidation above this area, and finally, a 
breakout through the $93,500 to $95,000 compression band. For this recovery to 
gain traction, BitcoinVector stressed the importance of a &#8220;Risk-Off Signal,&#8221; 
indicating that buyers must begin to overpower sellers while generating 
momentum. Without such momentum, each upward movement would merely be a 
tactical reaction rather than indicative of a structural recovery. Prolonged 
Bear Market Ahead? Market analyst Skew provided additional insights, noting 
that the four-hour chart for Bitcoin appears more constructive for bulls. He 
pointed to several indicators suggesting upward momentum, including the price 
being above the four-hour 50 EMA, the RSI remaining above 50, and the 
Stochastic RSI trending higher. Skew identifies the $88,000 mark as a crucial 
“line in the sand,” arguing that a drop below this level would signal weakness 
and a failed attempt to gain momentum. Related Reading: Tether Faces Downgrade 
By S&amp;P Global Amid Concerns Over Disclosure And Assets Holdings Despite the 
cautious optimism from some analysts, others, like Jacob King, offer a starkly 
different perspective. He argues that given the Bitcoin price decline from its 
all-time high in October, it has never experienced such a fall followed by a 
sustained bull market. According to King, Bitcoin is now in a bear market that 
may persist for years, poised to affect the fortunes of countless investors, 
particularly those heavily leveraged. As of this writing, the Bitcoin price 
stands at $91,390, marking a 4% recovery within the last 24 hours. This places 
the cryptocurrency 27% below its all-time high. Featured image from DALL-E, 
chart from TradingView.com

Bitcoin Price Climbs Back To $91,000: Is The Decline Over? Key Levels To Watch

Every market-making agreement should come with standardized disclosures, and 
it should be made plain to teams and token holders alike.

Broken market-making deals are derailing promising projects | Opinion

Terraform Labs co-founder Do Kwon has asked a US court to limit his prison 
term to five years as he faces a separate case in South Korea.

Cryptocurrency price in NOK