Bitcoin, Ethereum (ETH) Price Prediction- Market Leaders On Bullish Streak Rose Crypto Altcoins Higher

2 min


, Ethereum (ETH) prediction:  A positive trend breakout of rising Bitcoin and ETH prices from their respective suggests further growth in the cryptocurrency market This improving market sentiment drove a few major digital currencies higher, providing a relief rally to coin holders.

In addition, the global cryptocurrency market rose to $831.40 Billion by 7:14 am EST Thursday, gaining 0.3 percent in the last 24 hours. Nonetheless, the cryptocurrency market volume plummeted 11.87 percent to reach the  $$57.61 Billion mark. The total volume in Decentralized Finance is at present at $3.64 Billion, making up 6.31 percent of the total cryptocurrency market 24-hour volume. 

Top Gainers and Losers

Heatmap Of Cryptocurrency PricesSource- Coin360

The and GMX  tokens show the highest gains between the top 100 listed digital currencies. In the last 24 hours, the CRV price rose 10.22 percent to $0.685, while the GMX price rose 7.41 percent to $45.22. On the other side, the EthereumPoW and Aptos are top losers, where the ETHW price at $3.33 shows a 5.48 percent fall, whereas the APT price at $4.28 reflects a 4.16 percent drop.

Bitcoin (BTC) Price 

BtcSource- Coinmarketcap

On November 23rd, the Bitcoin (BTC) price gave a positive trend breakout from the resistance trendline of a descending triangle . A positive trend breakout from a to continue pattern accentuates the buyer’s commitment to reach a higher level.

Nonetheless, the Bitcoin price at present trades at the $16558 mark with an intraday of 0.35%. This bearish candle is supposed to retest the breached resistance and check for price sustainability over it.

If the buying persists, the potential rally will push the prices 7 percent high to the $18200-$18000 mark. Having stated that, the buyers may struggle at an in- in the middle of resistance of $17000 before reaching its target. 

Bitcoin Price PredictionSource- Tradingview

On a contrary note, a daily candle closing below the $16400-$16300 or trendline will offset the positive trend thesis.

Ethereum (ETH) price 

EthSource- Coinmarketcap

The Ethereum (ETH) price rising for 3 consecutive days gave a positive trend breakout from combined resistance of $1185 and a downsloping trendline. During the previous two weeks, this dynamic resistance has assisted sellers in restricting positive trend growth and maintaining a steady downfall.

Thus, this positive trend breakout signifies a in market sentiment from on rallies to buying on dips. Nonetheless, the altcoin at present trades at the $1195 mark and shows a positive trend retest to the breached trendline in a 4-hour time frame chart.

If the ETH price sustains over the $1180 mark, the potential upswing may drive the prices 12 percent high to reach $1340.

Ethereum Price PredictionSource-Tradingview

Conversely, if the selling fails the retest phase with a 4-hour candle closing below the downsloping trendline, the Ethereum (ETH) price may back to $1080.

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