Bitcoin and Ethereum: Recent Stability and Failed Attempts – Is the Lateralization Phase Over?

By Lola Coin Jun 26, 202358Views

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The price of Bitcoin and Ethereum has stabilized in recent days after a failed attempt to rise in April. Bitcoin’s price had initially jumped above $25,000 in mid-March and remained at that level until now. However, an attempt to rise above $30,000 in April failed, leading to a period of decline that lasted nearly two months. Ethereum also experienced a similar failed attempt to break above $2,000. Currently, Bitcoin is outperforming Ethereum, with Bitcoin’s price making new yearly highs above $31,000 while Ethereum’s price has not reached the mid-April high of $2,100. Bitcoin’s dominance in the crypto market is currently over 50%. The question now is whether the recent rebound in prices signifies the end of the lateralization phase or just another failed attempt to stay above $30,000. Breaking the $32,000 and $35,000 thresholds would be needed to declare the end of lateralization.

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