$BTC $ETH Bitcoin and Ethereum continue their recovery efforts despite the volatility in the cryptocurrency market, but the difference in performance between them is striking. Cryptocurrency analyst CrediBULL Crypto predicts that Bitcoin will show a faster recovery compared to Ethereum.
The analyst stated that Bitcoin managed to stay above critical levels in high time frames (HTF), while Ethereum fell below these levels. In the charts he shared regarding Bitcoin’s price movements, he emphasized that BTC has the potential to close above local lows and that this could indicate a strong price recovery. On the other hand, he stated that Ethereum remaining below these levels indicates the cryptocurrency’s weak performance.
CrediBULL Crypto noted that Ethereum’s price decline was more pronounced. Ethereum broke the HTF demand level and fell below it. He predicted that this situation created a break in Ethereum’s market structure and that it could face strong resistance between $3,000 and $3,500. The analyst defined this key range as the “Red Zone” and stated that Ethereum could undergo a long consolidation period in upward movements.
The analyst predicts that Bitcoin will quickly recover from the market declines and start a new wave of rise. He stated that Bitcoin could rise to $100,000 and this huge increase will increase BTC’s market dominance. He said that this situation will result in Bitcoin outperforming Ethereum.
On the other hand, a cryptocurrency community member stated that Ethereum’s expected price increase was low and that the $3,000 increase did not meet expectations. The member stated that they expect Ethereum to reach a price level between $7,000 and $10,000.
Responding to this comment, CrediBULL Crypto explained that his predictions were based on the ETH/BTC ratio dropping to 0.03. The analyst predicted that after this ratio drops to this level, Ethereum could start an upward trend and reach higher price levels.
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