Ethereum

Based

bullish

Bitcoin

<p>With the global crypto market standing at $2.25 trillion, an increase of 1.86% over the last day, the bull run is gaining momentum. The Bitcoin price is currently trading at $63,869, for a 1.45% rise in the past 24 hours.&nbsp;</p>  
<p>The past week has been incredibly bullish for Bitcoin, increasing by 9.21% to reach a market cap of $1.26 trillion. Similarly, Ethereum witnessed a significant rise of 16.48% over the last seven days to reach a market cap of $320 billion.&nbsp;</p>  
<p>The ETH price is currently trading at $2,664, with a 3.07% rise in the past 24 hours. Hence, the bull market is here, with the two top significant cryptocurrencies giving almost double-digit returns in the past seven days.&nbsp;</p>  
<p>However, amidst the increasing bullish influence, the BTC dominance chart and the ETH to BTC comparison chart reveal a potential altseason arrival in the crypto market. So, let's check out the top crypto price trends and supporting charts for a closer look at the arrival of the next altseason.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="h-bitcoin-price-performance">Bitcoin Price Performance</h2>  
<p>The Bitcoin price is currently challenging the 50% Fibonacci level at $63,847. The Bitcoin price chart reveals seven consecutive bullish scandals to approach this crucial resistance level, resulting in an uptick in the 50-day EMA. This delays the possibility of a looming death cross and marks a significant V-shaped recovery teasing a bullish breakout.&nbsp;</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe7F0_A6Ocjt_pBVpgpYiGCmTVY3IroyPRgu9R4daN7BmcvRjWAvrXUY0NVAAQ-i5gmdQTeAY_zZnMeC4eL_pwIzVe3N5azeFB2NnTG1VkfNW3-w4EAssZHONA9OeytnkgH_uxeN5pEHAGkBnY6DCCqS2w1?key=VEZ_WnboqtYF5H4JY-5dng" alt="Bitcoin Price Chart">
</figure>  
<p><a href="https://www.tradingview.com/x/yUWSJYwm/" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>The neckline of the V-shaped recovery aligns with the 50% Fibonacci level. In the broader sense, the BTC price is heading towards the overhead resistance trend line of a falling channel pattern.</p>  
<p>The local resistance trendline breakout is gaining momentum, and the V-shaped reversal rally signals a potential surge ahead. Further, the Bitcoin recovery run in a bull market is expected to surpass the overhead trendline to give a bullish flag breakout.&nbsp;</p>  
<p>Based on the Fibonacci levels, the upside target for Bitcoin this week stands at $69,471, with a potential extension to $73,000 in next month's first week.</p>  
<p>Curious about Bitcoin’s bull run in October? Check out Coinpedia’s <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Prediction </a>for an overview of long-term targets!</p>  
<h2 class="wp-block-heading" id="h-ethereum-eyes-2-700-break">Ethereum Eyes $2,700 Break</h2>  
<p>In the daily chart, the Ethereum price action reveals a falling wedge pattern, resulting in a massive breakout run, creating 6 out of 7 bullish candles. The biggest altcoin has increased by almost 16% in the past 7 days.</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc5ML3qh-u-uT4640ClsXJ8uwMQrlIssjw7N7596pEJVMR-dWYtFPFeelaQxwOloNEZ2JqWHsF6oIwnqQtv32xtVeNl3wqYS4T1WCSxfHdrxEnacit_ApkocIQ5JmOkC-Fo3U0DF864WOGuiZW-KMQKIkbq?key=VEZ_WnboqtYF5H4JY-5dng" alt="ETH price chart">
</figure>  
<p><a href="https://www.tradingview.com/x/r5A00yAM/" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>Further, it has surpassed the 50-day EMA near the 23.60% Fibonacci level at $2,576. With an intraday gain of 2.99%, the recovery rally in Ethereum eyes the next confluence of resistance levels.&nbsp;</p>  
<p>The resistance confluence comprises a 200-day EMA and the 38.20% Fibonacci level at $2,860. Hence, this comes as the next potential target for this week. Further, Ethereum could target the 61.80% Fibonacci level at $3,321 for an extended rally in the first week of October.</p>  
<h2 class="wp-block-heading" id="h-amid-bitcoin-price-rally-dominance-chart-warns-correction">Amid Bitcoin Price Rally, Dominance Chart Warns Correction</h2>  
<p>In a recent tweet, Martinez Ali, a well-known crypto analyst, highlights a rising wedge in the Bitcoin dominance weekly chart.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/ali_charts/status/1837986986331947251
 </div>
</figure>  
<p>As rising wedges generally lead to a downfall following a constraining uptrend, the BTC dominance signals a potential correction. Based on the Fibonacci levels, Martinez expects the correction to extend to a 50% Fib level at 47.71% to trigger an altseason.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-eth-btc-pair-resurfaces-above-0-040-btc">ETH/BTC Pair Resurfaces Above 0.040 BTC</h2>  
<p>With the top cryptocurrencies gaining momentum, Ethereum is gradually catching up with Bitcoin. Outperforming Bitcoin last week, Ethereum now trades for 0.041 BTC, an 8.84% rise from the local bottom of 0.03833 BTC.&nbsp;</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfP4Rzsj35N3HXyt4g3Ri0g6gNzn7ijOmkhbDwUVs6MmlCxKOLIwl2yckSxhk6wa66Tltwr8BcrFVfcKvy-f69OTQ6K3i2nCwQQRNWqRhfd81X_-GKNMLARsdHZzklPv8B3XUuLROX1srcRHRzgO967ITE?key=VEZ_WnboqtYF5H4JY-5dng" alt="ETH/BTC chart">
</figure>  
<p><a href="https://www.tradingview.com/x/YoHkZHMV/" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>With a new bull cycle in a falling wedge, the altcoin is gaining strength against Bitcoin and improving the altseason chances.&nbsp;</p>  
<p>Keen on learning the long-term prospects of ETH price? Our <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Price Prediction</a> is a must-read for all curious minds!</p>

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