The cryptocurrency market continues to show activity, with Bitcoin surpassing the $118,800 mark. Significant attention is also being given to altcoins like Ethereum, HYPE, UNI, and SEI.
Current Situation in the Bitcoin Market
Bitcoin has shown resilient growth, pushing beyond $118,800, driven by strong buyer interest and the liquidation of approximately $570 million in short positions. Institutional investments remain high, with $1.17 billion recently flowing into US spot Bitcoin ETFs, suggesting further growth potential for BTC.
Predictions for Ethereum
Ethereum surged past a key resistance at $2,879, with analysts predicting further gains towards $3,750. A downside breach below $2,733 may increase selling pressure.
Prospects for Other Altcoins
Hyperliquid shows positive trends, with holding above $45.80 potentially invalidating bearish patterns and aiming for $60. Uniswap's continuous higher highs signal a positive trend; crossing $8.64 could trigger a rally to $13, though slipping below $7 might invalidate this view. Sei is testing resistance levels, with ongoing buying hinting at a breakout to $0.44, while a drop below $0.31 may rethink the current range.
The cryptocurrency market displays positive signals with the growth of Bitcoin and interest in altcoins. Investors should closely monitor key levels to adjust their strategies.
