Bitcoin and Ethereum are Eyeing Short-Term Breakout, OHM Rallies
Bitcoin price was able to recover above the USD 47,000 level. However, BTC is facing a strong resistance near the USD 48,000 level. It is currently (12:43 UTC) showing positive signs, but the USD 48,000 zone holds the ke...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin price was able to recover above the USD 47,000 level. However, BTC is facing a strong resistance near the USD 48,000 level. It is currently (12:43 UTC) showing positive signs, but the USD 48,000 zone holds the key.
Similarly, most major altcoins are eyeing an upside break. ETH climbed above USD 3,800 and facing resistance near USD 3,850. XRP may accelerate if it clears the USD 0.850 zone. ADA is still consolidating above the USD 1.35 zone....
Read More: Bitcoin and Ethereum are Eyeing Short-Term Breakout, OHM Rallies
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Bitcoin (BTC) Price Prediction: $72,501 Breakout Could Trigger Short Squeeze Toward $80K as BTC Breaks 200 EMA
The latest Bitcoin price action has brought $72,501 into focus as the next important resistance level. A sustained break above tha...
Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed
Bitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned b...
Nearly 1 in 5 crypto spot trades now happen on DEXs as centralized exchange volume collapses
Centralized crypto exchanges lost 31.2% of their spot crypto trading volume in July, falling to $727 billion and marking the lowes...
Ethereum surges above $2,300, adding $47B in market value in just two days
Ethereum's surge highlights the growing institutional interest and potential volatility due to concentrated staking, impacting fut...
Chart of the Day – Is It Time to Buy Bitcoin?
Veteran technical analyst Dave the Wave posted a Bitcoin chart to X with a characteristically restrained caption: “Yeah baby…” Yea...
Bitcoin Hits $70,000 as Trump Pushes CLARITY Act, Hyperliquid Surges and $1.4 Billion in Shorts Get Wiped Out
By late trading, Bitcoin was changing hands around $69,200, up approximately 7% over 24 hours after starting the session near $64,...