Today, January 4, 2025, the cryptocurrency markets have seen a steady consolidation after recent price movements. Bitcoin (BTC) is holding strong, displaying solid resistance in the short term. Despite some volatility, it’s clear that Bitcoin continues to maintain its position as the market leader, supported by a consistent increase in institutional interest and bullish sentiment from retail investors.

Ethereum (ETH) is following a similar trend, with its performance closely tied to the upcoming Ethereum 2.0 developments. Ethereum’s network upgrades and the growing DeFi ecosystem have contributed to its ongoing resilience. Investors are closely monitoring ETH’s ability to sustain support levels and avoid significant drops in the coming days.

Looking ahead, the next 48 hours could be crucial for both BTC and ETH. If Bitcoin can break above key resistance, it could signal a bullish continuation. Ethereum, on the other hand, is expected to test its key support levels.

Strategy for the next two days:

BTC: Watch for price action around major resistance levels. A breakout above these levels could trigger a new wave of buying pressure. However, failure to hold above support could signal a retreat.

ETH: Stay cautious and observe key support zones. If ETH holds above them, there’s potential for a rally. A break below support could lead to further downward movement.

Stay updated and manage risks carefully.

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