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.
BTC-0.17%
ETH2.21%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)