Bitcoin is experiencing a trading range between $96K and $93K, with hopes of reaching $100K. Ethereum (ETH) has seen a recovery and is currently holding at around $3.7K, with predictions of a rally to $4K in December. ETH has shown strong momentum, jumping 50% in the past month. However, it faces a diagonal resistance and may experience a shakeout before a major breakout. If ETH strengthens, it could test resistance levels at $3,864 and $3,953, potentially pushing towards $4K. On the other hand, a downturn could occur if ETH fails to hold at $3.7K, potentially dropping to $3,500 or lower. Technical indicators suggest a positive market sentiment and the potential for an upcoming uptrend. The MACD line is above the signal line, indicating reduced bearish pressure, and the CMF indicator suggests moderate buying pressure. ETH's trading volume has also increased by over 12.94%.



Other News from Today