Donald Trump's victory in the U.S. election propelled the crypto market to new heights. Bitcoin reached significant peaks, supporting the growth of the entire market, including Ethereum and other altcoins.
Ethereum Breaches $3,000
Ethereum capitalized on the market's overall uptrend to reclaim multi-month highs, registering a 27.3% increase last week with gains mainly from a 12.49% surge on November 6. This allowed it to breach the resistance of $3,000, although the overbought zone suggests a potential correction to $2,981 support.
Shiba Inu Spikes 21%
Shiba Inu also showed impressive performance with a 21% increase last week. The coin breached the $0.00002 psychological resistance level for the first time in a month, closing the week at $0.00002050. MACD indicates a potential for continued growth, though resistance is expected at $0.00002622.
SUI Claims New ATH
Sui was among the leaders, reaching a new all-time high of $3.14, surpassing the previous peak of $2.36. Since the beginning of the week, Sui has shown steady growth, currently in the overbought zone. Support is expected at $2.75 in case of a correction.
The past week marked a significant milestone for the crypto market with key assets regaining value and setting new records. Investors will continue monitoring the developments, assessing potential corrections and a new growth phase.
