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New Peaks: Bitcoin and Ethereum Lead the Cryptocurrency Surge

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2 days ago

The cryptocurrency market experienced a significant surge as Bitcoin surpassed $80,000, pushing Ethereum and other altcoins upward.

Ethereum's Target Levels

Ethereum is trading at $3,228, marking a daily increase of 3.2%. The market capitalization stands at $389.4 billion with a 24-hour trading volume of $42.1 billion. Investment in Ethereum is on the rise, supporting its continued growth.

ETH's Price Surge

Following the Bitcoin rally, Ethereum's price has shown a recovery, increasing by 36% to reach $3,220. This rise is supported by increased trading volume and a breakout from a descending wedge.

Whales are accumulating not only Bitcoin but also Ethereum! Today, four new wallets withdrew 12,499 ETH from Binance.

ETH Prospects and Corrections

If the pattern holds, Ethereum's price could overcome resistance levels between $3,560 and $4,100, indicating a potential increase of 26%. However, a correction is possible before the market continues to rise.

The cryptocurrency market sees a positive atmosphere with renewed whale purchases. Traders are closely observing the actions of large investors for potential asset reallocation.

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