The crypto market is currently experiencing a mix of trends. Here's a brief analysis
Trading within a tight range of $100,000 to $110,000, with a potential short-term pullback due to the CME futures gap at $108,300. Resistance levels are at $115,300 and $223,000.
Currently trading at $150.91, down 0.68% in the last 24 hours. Expect a slow climb toward the $200 territory if network stability holds.
- *Ethereum (ETH)*: Showing strong bullish momentum, with a potential target of $1,900. Technical indicators suggest a possible testing of this level soon.
Broke out of its consolidation zone, with a potential target of $0.75. However, recent
news indicates a price drop over 55% since last November, currently trading at $0.587.
Maintaining a positive structure, with a potential breakout above $2.30 confirming a stronger bullish reversal.
Overall, the market is expected to remain volatile, with some coins showing bullish potential while others face resistance. Keep an eye on key resistance levels and market sentiment for potential breakouts or pullbacks.