Bitcoin has reached a milestone by hitting $100,000 for the first time. Ethereum is also experiencing bullish momentum and is approaching a resistance zone of $3.9K to $4K. If it breaks above these levels, the next target is the previous all-time high of $4.7K to $4.9K. Ethereum has seen strong buying and is showing a breakout above previous resistance levels. There is a potential bearish divergence forming, but overall, the outlook is more bullish than bearish. Short-term gains will depend on surpassing the $3,750 level. Ethereum is forming a cup and handle pattern and some analysts predict prices could reach $7,400 or even $10,000. Institutional investments in Ethereum have surpassed those in Bitcoin, indicating positive price action for Ethereum. It is believed that Ethereum could reach new highs by the end of the year.



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