The cryptocurrency market is heating up, with Bitcoin and Ethereum leading the charge in an impressive market-wide rally.
Bitcoin surged to above $107,000, and a forecast suggests it could reach as high as $200,000 in 2025. Meanwhile, Ethereum has recently broken above the key threshold of $4,000. With the global crypto market cap nearing $3.2 trillion and investor sentiment leaning toward greed, optimism about new all-time highs (ATHs) is soaring.
Data from ChangeNOW—a platform for exchanging cryptocurrencies without registration—shows rising transaction volumes for ETH and BTC. This trend suggests that savvy investors and large holders concerned about fund safety are accumulating, hinting at potential future growth for these coins.
Ethereum’s Price Movement Hints at Potential Growth
Source: ChangeNOW
Ethereum is currently trading between $3648 and $4137. Over the past month, its price has risen by about 5%. The nearest resistance level is at $4318, and if this is surpassed, the next target could be $4807. This would represent a potential increase of around 15%. The Relative Strength Index is near 30, suggesting that Ethereum may be oversold. The 10-day Simple Moving Average is approximately $3383, indicating upward momentum.
These factors hint that bulls might be influencing the market, and Ethereum could see further growth ahead. For those interested, Ethereum can be accessed on platforms like ChangeNOW without registration and hidden fees.
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Bitcoin Nears Key Support, Potential Upswing Ahead Despite Recent Dip
Source: ChangeNOW
Bitcoin is trading between $92,296 and $97,956. The price dipped by 4.51% in the past week but is up by 3.21% over the last month and 48.47% over six months. The RSI is at 33.43, near the oversold level, suggesting potential upward movement. The nearest support is at $90,411, while resistance is at $111,730. The SMA over 10 days is $97,026, below the 100-day SMA of $103,317, indicating recent bearishness. However, the long-term trend remains positive.
With current prices near support levels and momentum indicators showing potential for growth, this setup appears favorable for purchasing Bitcoin, which can be done on ChangeNOW with no registration and no hidden fees.
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Conclusion
Ethereum and Bitcoin present unique opportunities for investors and traders seeking growth in the cryptocurrency market. For those considering transactions with these coins, ChangeNOW offers an excellent platform. It allows users to exchange, buy, or sell cryptocurrencies without hidden fees or the need for registration. By not storing user funds, it enhances security. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW provides flexibility and convenience for all users.