The cryptocurrency market is once again attracting investor attention. Bitcoin and Ethereum show positive trends that may lead to further price increases.
Current Prices of Bitcoin and Ethereum
Currently, Bitcoin is trading at $117,960, while Ethereum is valued at $3,745.77. Over the past 24 hours, Bitcoin has increased by 1.5%, despite a slight hourly dip of 0.05%.
Market Analysis by Michaël van de Poppe
According to leading crypto analyst Michaël van de Poppe, the market rally could just be beginning. He noted that Ethereum has tested its resistance zone four times without showing signs of a deeper pullback. If Bitcoin surpasses the $120,000 mark, he predicts that Ethereum could breach the $4,000 threshold.
Prospects of the Cryptocurrency Market
Given the current trends and rising institutional interest in cryptocurrencies, the market may be on the brink of an active altcoin season. While short-term volatility remains a risk, the general trend appears favorable for continued growth.
Bitcoin is nearing the significant psychological mark of $120,000, while Ethereum is also on the verge of new highs. Investors are eagerly anticipating possible major movements in the market.
