Is BTC preparing for a new breakout? Or is ETH affected by interest rate data? 🔍 #BTCVSETH
Amid recent volatility, intriguing signals are appearing on the charts:
💥 Bitcoin (BTC)
- The price is approaching strong resistance at $63,000, with rising positive momentum.
- The RSI indicator shows overbought conditions, which may indicate a nearby correction or breakout if supported by trading volume.
- Whale movements indicate accumulation, enhancing the likelihood of an upward trend.
📉 Ethereum (ETH)
- Recent interest rate data has affected risk appetite, leading to ETH's decline towards $3,300.
- Nevertheless, Ethereum fund inflows have reached record levels after the SEC approved the "spot ETF" mechanism.
- Are we witnessing a reversal soon? Technical indicators like MACD and ADX suggest a potential rebound.
---
🧠 My personal opinion:
This week could be crucial for both currencies. If BTC breaks its resistance, we might see a new upward wave. As for ETH, it may need stability in economic data to come back into the spotlight.
💬 What do you think? Do you see BTC on its way to ATH? Will ETH benefit from institutional inflows? Share your analysis with us! 👇
