Ethereum

Rally

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-ethereum-trigger-minor-market-rally/" data-wpel-link="internal">Bitcoin and Ethereum Trigger Minor Market Rally</a><br></p>
<p style="text-align: justify">The leading cryptocurrency, <strong><a href="https://coin-turk.com/unlu-analistten-bitcoinde-35-000-dolar-hedefi-bitcoin-fiyatinda-yukselis-devam-edecek-mi" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/abd-sukran-gununu-kutluyor-unlu-platformdan-ve-analistten-kritik-bitcoin-yorumu-geldi" data-wpel-link="internal">BTC</a>)</strong>, along with Ethereum (ETH), has witnessed an increase following their latest price actions, triggering a minor rally in the cryptocurrency market. This week, the majority of major cryptocurrencies experienced high volatility, which formed a narrow range as a sign of no clear dominance between buyers and sellers.</p> 
<h2 style="text-align: justify" id="eth-price-analysis">ETH Price Analysis</h2> 
<p style="text-align: justify">However, the consolidation seen this month could likely shift towards a bullish trend in April, in anticipation of the highly awaited <a href="https://en.coin-turk.com/bitcoin-mining-executives-predict-price-surge-to-100000-after-halving-event/" data-wpel-link="internal">Bitcoin</a> halving event. This development, combined with a positive influx into Spot <a href="https://en.coin-turk.com/challenges-and-resilience-for-bitcoin-miners-as-reward-halving-approaches/" data-wpel-link="internal">BTC</a> ETFs, could accelerate Bitcoin demand and broader market sentiment. <strong>Ethereum</strong> stands as a decentralized platform that allows the creation and operation of smart contracts and decentralized applications (DApps) without any interruption, control, or interference from a third party.</p> 
<p style="text-align: justify">Amid the current market consolidation, the <strong>ETH</strong> price could oscillate within a narrow range between $3,675 and $3,470. Initially, the sideways movement may reflect investors’ uncertainty, but the 4-hour chart reveals it as part of an inverse head and shoulders pattern. At present, ETH is trading at $3,610, up 2.9% for the day, with a market value of $433 billion and a 24-hour trading volume of $10.18 billion.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-335655 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/eth-6.png" alt="" width="1946" height="937"></p> 
<h2 id="xrp-s-current-data">XRP’s Current Data</h2> 
<p style="text-align: justify">Under the influence of chart formations, the <strong>Ethereum</strong> price could break the neckline resistance and provide buyers with a springboard to chase the $4,300 target. <a href="https://en.coin-turk.com/ripple-expands-global-presence-with-new-job-openings/" data-wpel-link="internal">Ripple</a>‘s cryptocurrency, <strong>XRP</strong>, is designed for fast and inexpensive cross-border payments, standing out with low transaction fees and quick payment times. Over the past two weeks, the XRP price has fluctuated due to the narrow range formation at both ends and the uncertainty indicated by rejection candles. However, the consolidation above the 2-month trend line suggests that buyers are maintaining a steady uptrend.</p> 
<p style="text-align: justify">Currently, XRP has a market value of $34.3 billion, ranking it as the sixth-largest <strong>cryptocurrency</strong> by market cap. Should there be a renewed sense of bullish sentiment in the market, the XRP price could surpass the general barrier of $0.667 and challenge the high of $0.744 once again. Conversely, a break below the formation’s lower trend line could trigger a significant correction in this <a href="https://coin-turk.com/solana-ekosistemindeki-2-altcoin-uctu-nft-coinler" data-wpel-link="internal">altcoin</a>.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-and-ethereum-trigger-minor-market-rally/" data-wpel-link="internal">Bitcoin and Ethereum Trigger Minor Market Rally</a></h5>

Bitcoin and Ethereum Trigger Minor Market Rally

Table of Contents

COINTURK NEWS

Other articles published on Mar 31, 2024

List of Altcoins With the Power to Multiply Wealth

Koala Coin (KLC) Offers World’s First Koala-Themed Cryptocurrency: Why Elon Musk Might Take Note

Merging Meme Appeal with Market Strength as Koala Coin (KLC) Attracts ETC and XRP Followers

XRP Ledger (XRPL) Sidechain Xahau Launches Important Amendment

PEPE Dethrones BOME as Top Trending Crypto After 1400% Surge in 30 Days: Will $MEDA Be The Next t...

Litecoin Price Prediction for Today, March 31 – LTC Technical Analysis

Join our free newsletter for daily crypto updates!