Bitcoin and Ethereum are two leading crypto tokens that have secured the hopes of millions of investors. Both BTC and ETH hit unprecedented highs in the last bull run that began in 2021.
Since then, the token’s price surge has moderated but has not stopped gradually climbing to new price highs.
The cryptocurrency market is finally back on a bullish track as Bitcoin hit $65,000.
In September, Bitcoin dropped below $59,000. The altcoin market reacted strongly to this change, resulting in a massive outflow of funds. Now, as the market slowly reclaims $70,000 with Bitcoin to make up for its lost valuation, investor sentiment has turned bullish again.
According to CoinCodex,
“According to our current Bitcoin price prediction, Bitcoin’s price is expected to rise by 36.12% to $86,522 by September 25, 2024. The current sentiment is bullish according to our technical indicators, while the Fear & Greed Index shows a reading of 55 (Greed). Bitcoin has recorded 15/30 (50%) green days in the past 30 days, with a price volatility of 5.93%.”
Ethereum is another promising cryptocurrency and the second largest cryptocurrency by market cap. Ethereum is trading at $2,683, down 2% in the past 24 hours.
With the launch of an Ethereum ETF, the token will continue to maintain momentum, ultimately pushing ETH to new highs.
The sentiment indicators also indicate a greedy stance among investors. This suggests that they are still holding and hoarding Ethereum in the hope of getting better gains soon.
According to CoinCodex, the price of ETH could surge by 5% to $2,898 by September 2024.
"According to our current Ethereum price forecast, the price of Ethereum is expected to rise by 5.98% to $2,834.35 by September 25, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear and Greed Index shows 55 (Greed). Ethereum has recorded 12/30 (40%) green days and the price volatility over the past 30 days is 10.20%."
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