The largest cryptocurrency, Bitcoin (BTC)
$103,998
is gearing up to exceed the $105,000 mark. While the MACD indicator on the weekly chart has not yet confirmed, it is on the verge of signaling an upward trend. Meanwhile, Ethereum (ETH)
$2,486 is showing signs of recovery by rising above the $2,500 range. XRP and Solana
$172 (SOL) are also in the spotlight among altcoins, as they have captured an upward momentum.
Bitcoin and Ethereum Movements
Bitcoin is maintaining its 120-day upward trend while striving to break the $105,000 resistance. Should the MACD create a bullish crossover at the weekly close, it could signal an unprecedented rally since October 2024. Historically, such technical opportunities have resulted in significant price increases. However, the price range between $106,000 and $109,000, where substantial trading volume is accumulating, could face strong selling pressure.
Bitcoin Analiz
On the Ethereum (ETH) front, the Pectra update initially did not accelerate the price, but rising above the $2,500 threshold has renewed confidence. In past periods, buyers who held strong at the $1,500 mark are now preparing to test the resistance barrier in the $2,700 to $2,800 range. Some investors are seeking short-term gains, while long-position holders have not yet withdrawn, resulting in diverse reactions to price movements from short and long-term perspectives.
Ethereum Analiz
Current Prices of XRP and Solana
XRP saw a sudden rise to $2.48 without any concrete news flow, indicating that speculative winds could influence the price direction. A sustained break above $2.45 could initiate a new bullish cycle. Otherwise, the support zone around $2.30 will emerge as the primary testing ground for maintaining stability.
XRP Analiz
In the case of Solana, surpassing the Fibonacci 50% retracement level at $167 confirms the bullish divergence. Should this test succeed, the next resistance levels to be tested are $179 and the $191 to $200 “gold pocket” range. In the event of any decline, support points at $167, $154, and $146 are of critical importance. The rising lows and highs indicate that the overall trend remains upward.