Ethereum

Cryptocurrency

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/recent-trends-in-cryptocurrency-markets-bitcoin-and-ethereum-analysis/" data-wpel-link="internal">Recent Trends in Cryptocurrency Markets: Bitcoin and Ethereum Analysis</a> 
The cryptocurrency market has seen increased volatility recently, particularly affecting major assets like <a href="https://coin-turk.com/bitcoin-30-000-dolara-kosuyor-btc-yili-30-000in-uzerinde-kapatabilir-mi" data-wpel-link="internal">Bitcoin</a> due to resurfacing geopolitical issues. This has reintroduced selling pressure in the markets. What can be expected for <a href="https://en.coin-turk.com/microstrategys-bitcoin-investments-yield-significant-gains/" data-wpel-link="internal">Bitcoin</a> and <a href="https://en.coin-turk.com/the-risk-of-daos-vitalik-buterins-warning-and-the-future-of-stake-protocols/" data-wpel-link="internal">Ethereum</a>? We explore this with detailed chart analyses. 
<h2 class="p1" style="text-align: justify" id="bitcoin-chart-analysis">Bitcoin Chart Analysis</h2> 
The four-hour Bitcoin chart continues to show a narrowing wedge pattern. After touching the last support, Bitcoin encountered selling pressure at the EMA 200 (red line) and continues to trade below the EMA 9 (blue line). 
A crucial support level to watch on the Bitcoin chart is $63,097. A close below this level in a four-hour bar could increase selling pressure for Bitcoin. The key resistance level to monitor is the EMA 200 average at $67,261. A close above this level in a four-hour bar could accelerate Bitcoin’s price momentum. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-344637 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-3.png" alt="" width="2506" height="1186"> 
<h2 class="p1" style="text-align: justify" id="ethereum-chart-analysis">Ethereum Chart Analysis</h2> 
The daily Ethereum chart shows a narrowing triangle formation. The upcoming process will shape the price range, which will be determined by a breakout of support or resistance. The last bar staying below the EMA 9 average could lead to short-term selling pressure on Ethereum. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-344635 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/eth.png" alt="" width="2447" height="1208"> 
Ethereum has a critical support level at $3082. A daily bar closing below this level could lead to selling pressure on Ethereum. The key resistance level to watch is $3166. A close above this level on a daily bar could boost Ethereum’s price momentum. 
The ETH/<a href="https://coin-turk.com/tam-tamina-yuzde-410-unlu-fon-yoneticisinden-dikkat-ceken-bitcoin-yorumu" data-wpel-link="internal">BTC</a> chart shows a falling channel formation. After touching the last support, ETH/<a href="https://en.coin-turk.com/why-is-the-bear-market-taking-so-long-insights-from-michaal-van-de-poppe/" data-wpel-link="internal">BTC</a> gained momentum by crossing the EMA 9 average, potentially leading to a significant short-term rise. This could result in Ethereum and other <a href="https://coin-turk.com/bitcoin-ve-altcoinler-nasil-bir-hafta-gecirdi-bu-haftanin-onemli-gelismeleri-neler" data-wpel-link="internal">altcoins</a> outperforming Bitcoin. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-344642 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/ethbtc-2.png" alt="" width="2440" height="1197"> 
ETH/BTC has an important support level at 0.04841 BTC. A daily bar closing below this level could lead to Ethereum losing value against Bitcoin. The resistance level to watch for ETH/BTC is 0.05018 BTC. Additionally, the second part of our technical analysis series is now live: 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/recent-trends-in-cryptocurrency-markets-bitcoin-and-ethereum-analysis/" data-wpel-link="internal">Recent Trends in Cryptocurrency Markets: Bitcoin and Ethereum Analysis</a></h5>

Recent Trends in Cryptocurrency Markets: Bitcoin and Ethereum Analysis

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