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Ethereum is on the verge of a potential surge towards a new yearly high as it approaches the $4,000 mark. The cryptocurrency has seen a bullish run with strong support from the 50-Day EMA and the 100-Day EMA. However, the Ethereum RSI is at 72, indicating that it is overbought, which may signal a pullback. Bitcoin, on the other hand, has failed to hold above $70,000 and is currently consolidating around $69,000, which could signal potential bearish trends. Meanwhile, Solana is approaching a strong support level at the 26 EMA, which has historically provided a cushion during bullish runs and resistance during downtrends. The cryptocurrency is currently trading around $164, close to the major support zone expanded by the 26-day EMA. If it fails, the next line of defense is the 50-day EMA at $153.
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