The leading cryptocurrencies, Bitcoin and Ethereum, have been performing well, with Bitcoin trading above $64,000 and Ethereum surging 9% in the last week. Ethereum experienced a price jump of 13% in the past seven days after the US Federal Reserve cut interest rates. However, Ethereum has faced resistance as it struggles to break above the $2,650 mark, which is seen as a crucial resistance level. Despite this, Ethereum's price recently jumped 1% to trade above $2,650. Analysts suggest that if Ethereum can break above the $2,820 mark, it could further propel its price towards the $3,000 resistance level and potentially even reach $10,000 to $20,000 by Q1 2025.



Other News from Today