Bitcoin, Ethereum, and other altcoins were largely kept silent on Thursday, as the market was reflected in the recent federal reserve records and the court’s decision to end the Donald Trump tariff against other countries. This article provides expectations for the highest encrypted currencies such as online computer (ICP), BTC and ETHEREUM (ETH).
The price of the Internet computers (ICP) shows the bottom signs
The distinctive symbol of the computer online computer reached $ 15.5 in November last year, as most cryptocurrencies rose. Then he decreased sharply and found a bottom at $ 4.20 in April when Trump revealed his definitions against other countries.
The currency has now settled on the 50 -day SIA moving average (EMA). It also moved over the upper side of the black condiatnation channel. This channel has a close similarity to the falling spoil, one of the most popular upscale patterns of declaration in technical analysis.
The currency formed a reverse head style and shoulder, another emerging reflection mark. It also formed a dual -bottom pattern at $ 4.475. Therefore, there are signs that the coin is at the bottom, which will lead to more gains in the coming weeks. More gains will be confirmed if the coin rises above the main resistance level at $ 6.133, the highest point on May 12.
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The investor’s interest, which enhances the price of ETHEREUM, increases to a three -month height
The price of ETHEREUM has increased by more than 3 % over the past seven days, explained by Coinmarketca, compared to the 2.90 % bitcoin decrease during the same period. Crypto Major trading volume and ETF flows indicate an increase in the investor’s interest.
According to Sosoverue data, ETH Spot Etfs 8 consecutive sessions from May 28. On Wednesday, 4 out of 9 boxes of the most important investment funds in circulation recorded a total of $ 84.89 million in daily net flows while the rest had zero flows. At the same time, Altcoin trading increased by 21.38 % over the past 24 hours.
In the short term, I expect the ETHEREUM price to prove the EMA price for 20 days by about $ 2,500. In the upward direction, more buyers enter the resistance to break the three -month altitude on Thursday. If it succeeds, it is possible that the next obstacle is $ 2956 as The Bulls was the decisive psychological region of $ 3,000.
Bitcoin price in standardization mode continues to achieve profits
The price of Bitcoin was in monotheism for a week now after it reached its highest level ever earlier in the year to reach a new height at 112,051 dollars. Even with the attractiveness of profits, the bulls still control data from Sosoperue, indicating ten consecutive sessions of daily clear flow of Bitcoin Sport.
Even with a decline, the price of bitcoin is scheduled to remain higher than the decisive area of $ 100,000, which is located along the medium -term EMA for 50 days. In the near term, its highest level ever is 112,051 dollars is a resistance level worth watching. On the bottom side, the bitcoin price is likely to find support at 106,284 dollars, after which the encryption specialization may decrease to 104,583 dollars.
Post -encryption prices: ICP, Bitcoin, Ethereum first appeared on Invezz
