![Ethereum price looks strong in the short term but investors should be cautious [Video]](https://editorial.fxstreet.com/images/Markets/Currencies/Digital Currencies/Ethereum/ethereum_4_XtraLarge.jpg)
Ethereum prices could blow past the summer highs in the coming weeks.. Key levels have been defined to gauge the ETH’s next move. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.
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FXStreet Team
FXStreet
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Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs.
Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.
Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.
Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.
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Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.