Published 2 hours ago
Bitcoin, Ethereum price prediction: the BTC and ETH price bullish reversal climbs higher, keeping an early bullish sentiment in the crypto market. Moreover, the global crypto market at 10:55 am EST Tuesday stands at 850.04B, with a hike of 1.77% since yesterday.
However, the total crypto market volume has depreciated 20.32% to $65.87 Billion in the last 24 hours. Currently, the total volume in DeFi stands at $3.94 Billion, which adds up to 5.98%3 of the total crypto market 24-hour volume.
Top Gainers and Losers
The largest gainer among the top 100 cryptocurrencies is Stacks(STX) at $0.298, up 37.90% in the last 24 hours, followed by Quant(QNT) at $121.39, up 11.77%. On the other hand, Trust Wallet Token and Helium are the top losers, with TWT price dropping 20.51% to $2.08 and HNT price dropping 4.78% to $2.54.
Within a week, the Bitcoin price has rebounded twice from the $15800 support, indicating that buyers are actively defending this level. So far, the bullish reversal has raised the prices by 6.2% and pushed it to its current level of $16855.
A bullish divergence in the daily RSI slope indicates replenishing bullish momentum, which may encourage considerable recovery. With sustained buying, the Bitcoin price should rise 8% higher to hit the $18250-$18400 resistance zone.
The aforementioned resistance aligned with the 20-day EMA resistance offers a high possibility for the price to revert lower and resumption the prior correction.
The Ethereum daily time frame chart shows multiple short-body candles with higher and lower price rejections hovering above the $1222 support. Thus, this candle structure indicates uncertainty in market participants and struggles for buyers to resume price recovery.
However, the buyers could continue to sustain above the aforementioned support; the buyers should manage to prolong this relief rally 12% higher to hit the $1400 supply zone.
Nevertheless, with the overall market sentiment still bearish, the altcoin could resume the prevailing correction if hit by strong resistance. Anyhow, the 20-and-50-day gathered at $1400 resistance creates formidable barriers against buyers.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.