Bitcoin Bulls Eye New Record Highs as Ethereum Faces Crucial Test at $2,800 — Technical Analysis Reveals Next Moves

Bitcoin is on the verge of new peaks, while Ethereum confronts a pivotal challenge at $2,800. Updated technical charts reveal the possible directions for these top cryptocurrencies. The next few moves could define their near-term futures. Stay tuned for insights on which digital assets are set to rise.

Bitcoin Sees Upward Movement While Signals Remain Uncertain

Bitcoin has grown by 16.24% in just the past month and gained 13.98% over the last six months. The steady ascent over these periods reflects a reliable rally and renewed buyer interest. Price action has shown incremental strength that hints at ongoing investor support and a balanced risk appetite in recent sessions.

Bitcoin now trades between $80,410 and $101,882. Key support is holding around $66,665 and resistance is near $109,610, with secondary levels at roughly $45,193 and $131,083 respectively. Bulls seem active within this range, though indicators offer mixed views. Traders may look for breakouts or retests of these levels as the trend continues to test its strength.

Ethereum Price Analysis: Key Support and Resistance Levels

Ethereum delivered a notable monthly gain of 47.27% while struggling with a 26.27% decline over the past six months. A weekly rise of 4.59% punctuated this period, hinting at short-term recovery amid longer-term setbacks. Price swings reflected a blend of investor optimism and caution, creating an environment where rapid monthly momentum contrasts with deeper underlying challenges.

The coin currently trades between $1468.66 and $2037.85. Immediate resistance stands at $2280.82 with support nearest at $1142.44, while a second set of key levels appears at $2850.01 and $573.25. Bulls seem to be pushing against these barriers, though mixed oscillator signals suggest no clear trend. Traders might consider targeted buys around support and exits near resistance levels.

Conclusion

BTC is approaching new record highs, showing strong bullish momentum. Meanwhile, ETH is facing a key resistance level at $2,800. A successful break could lead to significant gains for ETH. The overall outlook suggests that BTC may continue to rise, while ETH’s performance will depend on its ability to surpass this crucial level.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.