Recent events in the cryptocurrency market have drawn attention to the price dynamics of Bitcoin and Ether. This article reviews the current situation and forecasts for major cryptocurrencies.
Current Situation with Bitcoin
Bitcoin ([BTC](https://cointelegraph.com/bitcoin-price 'null')) continues to face pressure despite defending the support level at $110,530. According to CoinShares, last week saw [$1 billion in outflows](https://cointelegraph.com/news/crypto-funds-1-4-billion-outflows-bitcoin-ethereum 'null') from BTC-related products. Investor interest appears to have shifted towards Ether, which recorded [$2.5 billion in inflows](https://cointelegraph.com/news/crypto-funds-1-4-billion-outflows-bitcoin-ethereum 'null') during the same period.
Positions of Ether and BNB
Ether ([ETH](https://cointelegraph.com/ethereum-price 'null')) reached a new all-time high of $4,956 but has seen a pullback in subsequent days. ETH bulls are aiming to retest $5,000 if the price holds above the critical support level of $4,349. BNB ([BNB](https://cointelegraph.com/binance-coin-price-index 'null')) also hit a new record but faced selling afterward, making the $861 level crucial to watch.
Outlook for Other Cryptocurrencies
Other cryptocurrencies, such as XRP, Solana, and Dogecoin, are showing a mix of signals. XRP ([XRP](https://cointelegraph.com/xrp-price-index 'null')) is forming a descending triangle, while Solana ([SOL](https://cointelegraph.com/solana-price-index 'null')) maintains its positions but faces resistance near $210. Meanwhile, Dogecoin ([DOGE](https://cointelegraph.com/doge-price-index 'null')) is also struggling to maintain the $0.22 level.
Overall, the cryptocurrency market displays signs of change, and investors should closely monitor price movements as they can shift quickly depending on the activity of major market players.
