Cryptocurrencies Price Prediction: NEAR, Binance & Ethereum – European Wrap 28 December

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[Near Protocol Price Prediction: NEAR could crash 15% as mean reversion probability spikes](https://www.fxstreet.com/cryptocurrencies/news/near-protocol-price-prediction-near-could-crash-15-as-mean-reversion-probability-spikes-202312280719) Near Protocol (NEAR) price shows clear signs of bullish failure as the altcoin produces lower lows and fractures an important uptrend support line.NEAR holders can expect a quick double-digit pullback soon.Near Protocol price rallied 121% between December 18 and 25, setting up…

[Near Protocol Price Prediction: NEAR could crash 15% as mean reversion probability spikes](https://www.fxstreet.com/cryptocurrencies/news/near-protocol-price-prediction-near-could-crash-15-as-mean-reversion-probability-spikes-202312280719) Near Protocol (NEAR) price shows clear signs of bullish failure as the altcoin produces lower lows and fractures an important uptrend support line.NEAR holders can expect a quick double-digit pullback soon.Near Protocol price rallied 121% between December 18 and 25, setting up a local top at $4.62.Since then, NEAR has shed 11% and currently trades at $4.09.

This down move has shattered the trendline connecting the five lower highs NEAR produced during its rally, confirming the start of a trend reversal.[Binance Coin Price Forecast: BNB buying opportunity before $400](https://www.fxstreet.com/cryptocurrencies/news/binance-coin-price-forecast-bnb-buying-opportunity-before-400-202312280528) Binance Coin (BNB) price shows no signs of slowing down after rallying nearly 24% this week.This massive uptrend could slow down soon as BNB approaches key weekly hurdles.Binance Coin price has registered a 24% rally this week, rallying from $264 to $327, where it currently trades.

BNB currently tugs with the Momentum Reversal Indicator’s (MRI) resistance level at $322.Additionally, the Binance-based altcoin will face the range high at $337, which has been a key hurdle since it was first formed in May 2022.[This is how one Ethereum hard fork in 2023 changed the DeFi market forever](https://www.fxstreet.com/cryptocurrencies/news/this-is-how-one-ethereum-hard-fork-in-2023-changed-the-defi-market-forever-202312280314) With the year coming to an end, the DeFi market is also locking in the changes witnessed throughout 2023.One key change was the Ethereum Shapella hard fork that not only impacted the market but seemingly altered the face of the Decentralized (DeFi) market entirely.

Ethereum mainnet went through the Shanghai [hard fork](https://www.fxstreet.com/cryptocurrencies/resources/what-are-cryptocurrency-forks) earlier this year in April, which enabled the option to withdraw the ETH staked by validators.This occasion was expected to be a hugely bearish event as the crypto market feared that the investors might choose to pull out their staked ETH.Information on these pages contains forward-looking statements that involve risks and uncertainties.

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The author has not received compensation for writing this article, other than from FXStreet.FXStreet and the author do not provide personalized recommendations.The author makes no representations as to the accuracy, completeness, or suitability of this information.FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.Errors and omissions excepted.The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.[Join Telegram](https://t.me/fxstreetcrypto) Follow us on Telegram Stay updated of all the news Recommended Content Editors’ Picks [Binance Coin Price Forecast: BNB buying opportunity before $400](https://www.fxstreet.com/cryptocurrencies/news/binance-coin-price-forecast-bnb-buying-opportunity-before-400-202312280528) [](https://www.fxstreet.com/cryptocurrencies/news/binance-coin-price-forecast-bnb-buying-opportunity-before-400-202312280528) Binance Coin has registered a 24% rally this week, rallying from $264 to $327, where it currently trades.BNB currently tugs with the Momentum Reversal Indicator’s (MRI) resistance level at $322.

Additionally, the Binance-based altcoin will face the range high at $337, which has been a key hurdle since it was first formed in May 2022.[More Binance Coin News](https://www.fxstreet.com/cryptocurrencies/news?q=BinanceCoin&hPP=15&idx=FxsIndexPro&p=0) [This is how one Ethereum hard fork in 2023 changed the DeFi market forever](https://www.fxstreet.com/cryptocurrencies/news/this-is-how-one-ethereum-hard-fork-in-2023-changed-the-defi-market-forever-202312280314) [](https://www.fxstreet.com/cryptocurrencies/news/this-is-how-one-ethereum-hard-fork-in-2023-changed-the-defi-market-forever-202312280314) With the year coming to an end, the DeFi market is also locking in the changes witnessed throughout 2023.One key change was the Ethereum Shapella hard fork that not only impacted the market but seemingly altered the face of the Decentralized market entirely.[More Cryptocurrencies News](https://www.fxstreet.com/cryptocurrencies/news) [Ethereum Price Prediction: ETH will likely rally to $2,550 following recent bullish breakout](https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-prediction-eth-will-likely-rally-to-2-550-following-recent-bullish-breakout-202312280133) [](https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-prediction-eth-will-likely-rally-to-2-550-following-recent-bullish-breakout-202312280133) Ethereum validated the inverse head and should formation, a known bullish pattern.On the short-term timeframe, ETH is likely set to witness another 5% growth to meet the target price set by the pattern.Indicators also suggest room for further increases.[More Ethereum News](https://www.fxstreet.com/cryptocurrencies/news?q=&hPP=15&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=Ethereum) [MATIC, OP, ARB: Layer 2 tokens play catch up as attention shifts from Solana to Ethereum](https://www.fxstreet.com/cryptocurrencies/news/matic-op-arb-layer-2-tokens-play-catch-up-as-attention-shifts-from-solana-to-ethereum-202312280200) [](https://www.fxstreet.com/cryptocurrencies/news/matic-op-arb-layer-2-tokens-play-catch-up-as-attention-shifts-from-solana-to-ethereum-202312280200) Coming on the back of shifted attention from Solana to the Ethereum blockchain, L2 tokens, including MATIC, OP, and ARB are rising.MATIC is up 5% while OP and ARB are up 15%, flanked with tenfold trading volume surges, pointing to interest among traders.

[More Cryptocurrencies News](https://www.fxstreet.com/cryptocurrencies/news) [Bitcoin: BTC readies for home run in 2024 with two bullish fundamentals on tap](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-annual-forecast-btc-readies-for-home-run-in-2024-with-two-bullish-fundamentals-on-tap-202312211700) [](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-annual-forecast-btc-readies-for-home-run-in-2024-with-two-bullish-fundamentals-on-tap-202312211700) Bitcoin (BTC) price has been bullish in 2023, scaling up as it tried to plough back the ground lost following the Terra (UST) and FTX crashes of the preceding year.The trajectory took shape in spite of it being an eventful year, with BTC riding the wave of macroeconomic as well as industry-related developments.[Read full analysis](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-annual-forecast-btc-readies-for-home-run-in-2024-with-two-bullish-fundamentals-on-tap-202312211700).

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Digital Currency Group boss Barry Silbert out as Grayscale chair

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