$BTC is trying to hold above the support at 113,300 $. If this level is lost, selling pressure may increase and there is a possibility of a pullback to the 109,600 $ or even 107,500 $ range. In upward movements, the first strong resistance is at the level of 119,000 $. If this barrier is broken, levels of 121,000 $ and 124,800 $ may be tested. The market is currently in a consolidation phase, so the direction of the breakout will determine the next trend.
Critical support for $ETH is at $4,400. Maintaining this level shows that buyers remain strong. Otherwise, the decline could accelerate towards the levels of $4,000 and $3,780. Above, the $5,000–$5,050 range is a very critical resistance area. If a daily close occurs above this level, the potential for a strong rally towards $5,270 and $5,700 arises.
#Ethereum, is showing stronger momentum compared to Bitcoin. A breakout above $5,000 could further strengthen Ethereum against Bitcoin. In the opposite scenario, a drop below $4,400 could weaken the trend.
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Good morning, abundant gains 🙋🏻♂️
$BTC is trying to hold above the support at 113,300 $. If this level is lost, selling pressure may increase and there is a possibility of a pullback to the 109,600 $ or even 107,500 $ range. In upward movements, the first strong resistance is at the level of 119,000 $. If this barrier is broken, levels of 121,000 $ and 124,800 $ may be tested. The market is currently in a consolidation phase, so the direction of the breakout will determine the next trend.
Critical support for $ETH is at $4,400. Maintaining this level shows that buyers remain strong. Otherwise, the decline could accelerate towards the levels of $4,000 and $3,780. Above, the $5,000–$5,050 range is a very critical resistance area. If a daily close occurs above this level, the potential for a strong rally towards $5,270 and $5,700 arises.
#Ethereum, is showing stronger momentum compared to Bitcoin. A breakout above $5,000 could further strengthen Ethereum against Bitcoin. In the opposite scenario, a drop below $4,400 could weaken the trend.