Bitcoin, Ethereum Price Prediction- Bullish Reversal In Market Leaders Pushed Altcoins Higher
Bitcoin, Ethereum price prediction: the BTC and ETH price bullish reversal climbs higher, keeping an early bullish sentiment in the crypto market. Moreover, the global crypto market at 10:55 am EST Tuesday stands at 850.04B, with a hike of 1.77% since yesterday.
However, the total crypto market volume has depreciated 20.32% to $65.87 Billion in the last 24 hours. Currently, the total volume in DeFi stands at $3.94 Billion, which adds up to 5.98%3 of the total crypto market 24-hour volume.
Top Gainers and Losers
Source- Coin360
The largest gainer among the top 100 cryptocurrencies is Stacks(STX) at $0.298, up 37.90% in the last 24 hours, followed by Quant(QNT) at $121.39, up 11.77%. On the other hand, Trust Wallet Token and Helium are the top losers, with TWT price dropping 20.51% to $2.08 and HNT price dropping 4.78% to $2.54.
Bitcoin Price
Source- Coinmarketcap
Within a week, the Bitcoin price has rebounded twice from the $15800 support, indicating that buyers are actively defending this level. So far, the bullish reversal has raised the prices by 6.2% and pushed it to its current level of $16855.
A bullish divergence in the daily RSI slope indicates replenishing bullish momentum, which may encourage considerable recovery. With sustained buying, the Bitcoin price should rise 8% higher to hit the $18250-$18400 resistance zone.
Source- Tradingview
The aforementioned resistance aligned with the 20-day EMA resistance offers a high possibility for the price to revert lower and resumption the prior correction.
Ethereum price
Source- Coinmarketcap
The Ethereum daily time frame chart shows multiple short-body candles with higher and lower price rejections hovering above the $1222 support. Thus, this candle structure indicates uncertainty in market participants and struggles for buyers to resume price recovery.
However, the buyers could continue to sustain above the aforementioned support; the buyers should manage to prolong this relief rally 12% higher to hit the $1400 supply zone.
Source-Tradingview
Nevertheless, with the overall market sentiment still bearish, the altcoin could resume the prevailing correction if hit by strong resistance. Anyhow, the 20-and-50-day gathered at $1400 resistance creates formidable barriers against buyers.
- Gold Vs Bitcoin – Peter Schiff Predicts BTC Will Be ‘Rugged by Gold’
- CEA Industries’ BNB Holdings Reach 480K as Binance Coin Hits New ATH of $1,300
- Peter Brandt Predicts XRP Could Drop to $2.2 If This Happens
- Fed’s Stephen Miran Says He’s ‘Sanguine’ on Inflation Outlook as He Backs More Rate Cuts
- S&P Launches Crypto 50 Index But There’s A Catch
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
- Cardano Price Consolidates Below Key Resistance Ahead of ETF Verdict — Is a 50% Rally in Sight?
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
