The value of Bitcoin has reached the $100,000 mark but has struggled to sustain its bullish momentum due to profit-taking by investors. However, it remains above important support levels and is trading above key moving averages. Bitcoin needs to overcome resistance levels and spark fresh buying interest to break convincingly above $100,000. Ethereum's rally towards $4,000 is showing signs of strength, but it is unclear if it can maintain upward momentum beyond that level. The asset's ascent has a strong basis with bullish alignment of key moving averages. Ethereum's future rally will depend on on-chain metrics. Solana has broken out of its downtrend and surpassed the $240 level, but the declining trading volume raises questions about the strength of the breakout. Recovery in volume is crucial for Solana to solidify its breakout and move towards $260 and beyond.
- Content Editor ( u.today )
- 2024-12-07
Ethereum (ETH) $4,000 Comeback: What's Next? Did Bitcoin (BTC) Reach Top? Solana (SOL) Finally Breaks Downtrend