The cryptocurrency market is showing positive signals as Ethereum recovers and major altcoins, including Uniswap, see price increases.
Ethereum Hits $4,000
Ethereum (ETH) has reclaimed the $4,000 mark for the first time since late 2024. The jump of 6% over the day has sparked a broader bullish trend among altcoins.
Uniswap Shows Gains
Uniswap (UNI) continues to impress investors with an 8% daily increase, extending its monthly gains to over 32%. The current chart structure for UNI suggests familiar price behavior that could help in predicting the next moves.
Outlook for UNI
The bullish outlook for UNI depends on its ability to break above the $11.66 resistance level. If that happens, another sharp rally could push the price towards the $22 mark. However, maintaining support above the 200-day moving average is crucial.
The current situation in the cryptocurrency market is favorable for investors, with interesting developments that may lead to significant movements, particularly for Uniswap.
