The recent correction in Bitcoin and Ethereum has led to a capital rotation among investors, opening new opportunities for projects in presale.
Bitcoin: Testing Key Support
Bitcoin is trading in the $113,100 to $115,300 range, nearly 9% off the all-time high near $124,474 reached in mid-August. This marks the fifth drop in six days, and BTC is testing crucial green uptrend support at $114,000–$112,000 with an RSI of 34. Analysts indicate that as long as Bitcoin remains above $108,000, the long-term bullish momentum remains intact. However, whales are clearly reallocating capital elsewhere for potential short-term gains.
Ethereum: Healthy Pullback Before Next Growth
Ethereum has also seen a significant retracement, down 3.7% in the last 24 hours to trading around $4155. After nearly hitting $4,700 earlier this month, ETH is now consolidating below $4,200. Support is found between $4,100 and $4,200, with resistance at $4,450 and up to $4,700. Even though it has dropped, ETF inflows remain strong, and network activity continues to reach new highs. Experts say that this price dip is a positive sign, but long-term Ethereum holders are starting to move out and make bets on riskier assets.
MAGACOIN FINANCE: Growing Interest from Whales
Whales are rotating out of Bitcoin and Ethereum, fueling momentum into MAGACOIN FINANCE, now ranked as a top presale opportunity for 2025. With estimates of 45x growth potential and an influx of smart money, investors are highlighting MAGACOIN as a significant opportunity similar to early ETH and SHIB buyers, making it one of the most closely tracked altcoins heading into 2025.
The recent developments will not halt institutional capital from being locked in Bitcoin and Ethereum, but they also create new opportunities. MAGACOIN FINANCE is particularly on the rise, showing significant potential for growth.
