Gearing Up for Major Breakout.
Ethereum's price currently fluctuates between $3648 and $4137, indicating a price recovery following a 14.50% decline last week. The immediate resistance level is situated at $4318. A breach of this level could propel the price towards the next resistance at $4807, potentially yielding gains exceeding 10%. The one-month price change exhibits positive momentum at 6.69%. The Relative Strength Index stands at 43.80, suggesting further upward potential before reaching overbought territory. Considering the anticipated altcoin season and a potential global crypto bull market, Ethereum is well-positioned for substantial growth in the near future.
Bitcoin is trading between $97,000 and $108,000, showing consolidation before a potential surge. Despite a 4.65% dip in the past week, it has soared over 48% in six months. The 100-day moving average at $102,000 indicates a strong upward trend. Breaking the nearest resistance at $111,000 could push BTC toward $122,000, a rise of nearly 13%. The RSI and Stochastic indicators are in neutral zones, suggesting room for growth. As the market anticipates a global crypto bull run and the onset of altcoin season, Bitcoin is poised to lead the charge. Momentum is building, and a breakout may be imminent.
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