Ethereum

Dogecoin

bullish

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  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>  
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   <li>Ethereum price soars 6.13%, retests $3.9k level.</li>  
   <li>Gary Gensler Confirms resignation, XRP price surpasses the $2.3 mark.</li>  
   <li>Dogecoin records increased bullish momentum, eyes to retest $0.50.</li> 
  </ul>  
  <p>With the BTC price achieving the $100,000 mark, the volatility in the cryptocurrency market has recorded a new high. Moreover, the altcoin market has experienced a significant increase, with top altcoins recording a mixed price sentiment.</p>  
  <p>As the crypto market records a new high, is this a good time to stack altcoins to maximize future gains? In this article, we have covered the short-term possibilities of Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE) crypto tokens.</p>  
  <h2 class="wp-block-heading" id="h-ethereum-eth">Ethereum (ETH)</h2>  
  <p>The ETH price has jumped 7.84% in 24 hours, resulting in it retesting its $3,900 level. Moreover, with a trading volume of $57.74 billion, the largest altcoin by market cap is currently valued at $464.169 billion.</p>  
  <figure class="wp-block-image size-full"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/05084147/ETH-05th-Dec-2024.webp" alt="ETH-05th-Dec-2024" class="wp-image-389375">
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    ETH-05th-Dec-2024
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  <p>The EMA 50/200-day has recorded a Golden Cross in the daily time frame. This indicates a positive outlook for the ETH coin price during the upcoming time.</p>  
  <p>Further, the Relative Strength Index (RSI) is on the verge of experiencing a bullish crossover with it heading toward the overbought range in the 1D time frame. This suggests an increase in the buying pressure for the altcoin in the market.</p>  
  <p>If the bullish sentiment sustains, the Ethereum price will head toward its resistance level of $4.5k. On the flip side, if the bears outrun the bulls, this could result in the altcoin retesting its support trendline of $3,200 this month.</p>  
  <h2 class="wp-block-heading" id="h-ripple-xrp">Ripple (XRP)</h2>  
  <p>With a weekly surge of ~62% and a trading volume of $24.653 billion, the XRP price has reclaimed the $2.34 mark. Moreover, with Gary Gensler resigning as the SEC chair, this altcoin has gained significant attention from the crypto space and is on the path of achieving a new ATH.</p>  
  <figure class="wp-block-image size-full"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/05084225/XRP-05th-Dec-2024.webp" alt="XRP 05th Dec 2024" class="wp-image-389377">
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    XRP 05th Dec 2024
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  <p>The Moving Average Convergence Divergence (MACD) has recorded a constant green histogram, with its averages showing a significant rise in the 1D time frame. This suggests an increase in the buying-over-selling pressure.</p>  
  <p>Maintaining its bullish action could push the XRP coin price toward its upper resistance level of $3.00. On the contrary, if a bearish trend reversal occurs, the Ripple token could plunge toward its lower support level of $2.00.</p>  
  <p>Also, read <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">XRP Price Prediction</a>!</p>  
  <h2 class="wp-block-heading" id="h-dogecoin-doge">Dogecoin (DOGE)</h2>  
  <p>Amid increased market volatility, the Dogecoin price has maintained its bullish price rally by adding 4.21% in 24 hours and 3.69% in the last seven days. Moreover, with the increasing green candles, this memecoin eyes to retest its multi-year high before the year concludes.</p>  
  <figure class="wp-block-image size-full"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/05084253/DOGE-05th-Dec-2024.webp" alt="DOGE 05th Dec 2024" class="wp-image-389378">
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    DOGE 05th Dec 2024
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  <p>The RSI indicator continues hovering above the overbought range in the daily time frame with its average trendline experiencing a similar price action. This indicates that the largest meme coin may continue gaining value this week.</p>  
  <p>If the market favors the bulls, the DOGE price will breach its $0.44 mark and prepare to test its upper high of $0.50. Conversely, if the bears regain momentum, this memecoin could plunge toward its support level of $0.325 this month.</p>  
  <p>Wondering when will DOGE price hit $1? Read CoinPedia’s <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin Price Prediction</a> and subscribe to us to stay updated on the latest crypto news!</p> 
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