Bitcoin ($BTC) is facing resistance at the $116K level, struggling to maintain momentum, while seasoned investors are diversifying into Ether ($ETH), eyeing opportunities in DeFi and smart contracts.
Key Highlights:
- BTC Price Action: Bitcoin tested $116K but failed to sustain gains, signaling potential short-term consolidation.
- ETH Inflows: Experienced investors are rotating capital into Ether, indicating rising interest in Ethereum's smart contract ecosystem.
- Market Sentiment: Mixed signals as BTC consolidates and ETH shows strength; traders remain cautious.
What to Watch:
- BTC Support: $112K–$114K is a crucial support level for Bitcoin.
- ETH Breakout: A breakout above $2.6K could
