Ethereum

Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-and-ethereum-prices-surge-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Prices Surge</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoins-correction-phase-strategic-insights-from-michael-van-de-poppe" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum have both demonstrated significant gains recently, with Bitcoin aiming to reach its all-time high (ATH) once again. The <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">recent developments</a> have pushed Bitcoin above $70,000, influencing the entire altcoin <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> positively. BNB Coin, among the top altcoins by market cap, has also achieved a new ATH. Market analysts are now making predictions for the future of Bitcoin (BTC) and Ethereum (ETH).</p>
<h2 id="what-are-the-prospects-for-bitcoin">What Are the Prospects for Bitcoin?</h2>
<p style="text-align: justify">On June 4, Bitcoin (BTC) broke out of its symmetrical triangle formation, which had previously created an air of uncertainty. The 20-day exponential moving average (EMA) of $68,135 is on the rise, and the increasing Relative Strength Index (RSI) indicates a bullish trend. This positive outlook could trigger additional tests toward $73,777.</p>
<p style="text-align: justify">If Bitcoin’s price does not sharply decline at $73,777, it might pave the way for attempts at new peaks. Successfully closing above the current ATH could initiate a new upward move targeting $80,000 and $88,000.</p>
<h2 id="how-is-ethereum-performing">How Is Ethereum Performing?</h2>
<p style="text-align: justify">Ethereum (ETH) recently climbed to the $3,800 mark following signals of the latest ETF approval. Since then, it has been trading within a narrow range. The $3,730 support level appears solid, and the current BTC outlook remains favorable. The upper resistances might be tested once the ETF launch date is confirmed.</p>
<p style="text-align: justify">Should ETH’s price fall below the 20-day EMA of $3,652, it might signal a retreat by the bulls. A “sell-the-news” scenario could drive the price down to this level, and in more extensive sell-offs, a decline to the 50-day average ($3,310) and $2,850 is possible.</p>
<h2 id="key-insights-and-implications">Key Insights and Implications</h2>
<p style="text-align: justify">• Bitcoin’s breaking of the symmetrical triangle signals potential for new highs.<br> • Ethereum’s narrow trading range awaits ETF launch date for potential breakout.<br> • Strong spot Bitcoin ETF inflows indicate sustained investor interest.<br> • Key support and resistance levels could dictate future price movements.</p>
<p style="text-align: justify">If Ethereum’s rise continues directly or after a sell-the-news scenario, it may attempt to reach $4,100 and $4,868. Trading volumes are robust, and cash inflows into altcoins persist, indicating ongoing market confidence.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-and-ethereum-prices-surge-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Prices Surge</a></h5>

Bitcoin and Ethereum Prices Surge

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