Bitcoin and Ethereum price initiated the bullish momentum that pulled up the entire cryptocurrency market.
Ethereum price, along with Bitcoin, is presently moving sideways after hitting $1,857 and $35,000 respectively. Small-cap cryptocurrencies are making gains fuelled by high investor participation. The total value of all other cryptocurrencies, excluding BTC and ETH, has risen by 14% but needs another 9.3% increase to recover all the recent losses.
6% Fib retracement at $1,906 would not only invalidate the bearish thesis but also flip $1,900 into support. Other cryptocurrencies are faring rather well While BTC and ETH are seeing waning bullishness, the past few days have been spectacular for altcoin investors. Many layer-2 cryptocurrencies, as well as Decentralized Finance tokens, have seen significant rises along with the majority of the layer-1 tokens.
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