The cryptocurrency market is surging with Bitcoin reclaiming important levels. Altcoins are also rallying, with Ethereum leading the pack.
Bitcoin Price
Bitcoin is still in a bullish trend, with the price now approaching the $105,000 level. Currently, Bitcoin is showing strong signs on the weekly chart. The MACD, a momentum indicator, is close to confirming a bullish crossover, which hasn’t happened since October 2024. Past crossovers like this have led to strong rallies, so traders are watching for confirmation at the next weekly close.
A cluster of liquidity near $105,000 is drawing attention. Historically, Bitcoin tends to gravitate toward such areas, making a move toward that level likely in the coming days. Strong resistance may appear around $106,000–$109,000, near previous all-time highs.
Ethereum Price:
Ethereum has finally gone back above $2,500, showing some real strength after weeks of slow movement. A recent network upgrade called Pectra didn’t have much of an impact at first, but now that prices are going up, investors are starting to feel more confident again.
The price has now broken above the $2,500 level, which is a strong sign of recovery. ETH had found solid support around $1,500 in past months, and it’s now pushing through resistance zones between $2,700 and $2,800.
XRP Price:
XRP has also seen a sharp move, jumping to about $2.48. This rise came without any major news, which suggests it could be driven by short-term hype or speculation. XRP sentiment is currently high, but some analysts warn it could be a temporary spike unless stronger news supports the price.
A confirmed breakout above $2.45 could mark the start of a new uptrend, with possible resistance ahead at $2.56, $2.80, and $3. If the breakout fails, support lies near $2.30. However, momentum is building as XRP tests the top of its descending channel.
Solana
Solana continues its strong upward trend, driven by a long-standing bullish divergence. The price recently broke above the key 50% Fibonacci retracement level at $167. The next resistance zones to watch are around $179 and then the major “golden pocket” range between $191 and $200. If prices dip, support is expected at $167, $154, and $146. The overall trend remains bullish, with higher highs and higher lows forming on the chart.
