Latest Updates on Cryptocurrencies
Latest Market Analysis: Drivers of the Surge and Trading Opportunities
#إيثيريوم (ETH) continues to impress the market after a 54% increase in July thanks to massive inflows of $5.4 billion into ETF funds, reflecting strong institutional confidence. Technically, the price is hovering around $3,500 with strong support at $3,300, and the potential to break resistance at $3,800 opens the door for a new upward wave that could touch $4,200. Positive momentum is also supported by the 10th anniversary of the network launch, which enhances enthusiasm around Layer 2 applications and technical updates.
In contrast, #بيتكوين (BTC) is trading within a narrow range between $113,200 and $115,700, after a decline in momentum following the failure to break the $120,000 level. However, the classic structure remains promising: continuous inflows to Bitcoin funds, reduced selling from miners, and technical network stability are all factors supporting the likelihood of a return to strength soon. Monitoring focuses on the $112,000 level as a critical support – maintaining it boosts the chances of an upward move towards $125,000.
📈 Chances of Upcoming Movements:
ETH: 65% chance of rising to $4,200 if it surpasses $3,800. Support at $3,300 limits the downside risk.
BTC: A balance between upward and downward movements. Breaking $115,700 opens the way for $120,000+, while losing below $112,000 could retest $108,000.
