Table of Contents:
Bitcoin & Ethereum: Is a Major Crash Imminent?
The recent fluctuations in Bitcoin and Ethereum prices have sparked concerns about an impending crash, as reported by Business Insider Deutschland. Over the past 24 hours, Bitcoin has dropped by 2.5%, while Ethereum is down by 4%. This correction comes amidst increasing profit-taking activities among investors. Notably, Altcoins are experiencing even more significant declines today.
Michaël van de Poppe highlights on X that if Bitcoin loses its crucial support level, it could plummet significantly, triggering a broader market correction across Altcoins. However, this downturn might pave the way for a substantial altseason once new capital flows into these markets post-correction.
The Best Mining Providers at a Glance
» Infinity HashFrom our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.
» Hashing24A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.
Ethereum's Remarkable Surge of 300%: A Historical Repeat?
According to CryptoMonday, Ethereum's weekly transactions have surged over 300%, reaching an impressive volume of $17.5 billion USD. This growth reflects heightened interest within the cryptocurrency market compared to previous weeks when transaction volumes were around $10.4 billion USD.
This surge aligns with historical patterns where spikes in transaction volumes often correlate with significant price movements during bullish phases in the crypto market. The increase is attributed to factors like rising daily active addresses and increased Total Value Locked (TVL) from $25 billion USD to $30 billion USD within the network.
Top Cryptocurrencies Signal Potential Pullback
A report from FXStreet suggests that major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) may face imminent pullbacks due to resistance levels they currently encounter. For instance, BTC recently hit an all-time high but showed signs of bearish divergence on RSI indicators, suggesting potential short-term corrections ahead.
If confirmed through further analysis or trading activity shifts towards liquidity zones near their highs before dropping back again significantly lower than current supports, traders should prepare accordingly based upon these signals indicating possible downward trends soon impacting overall valuations negatively unless reversed quickly.
Sources:
- Bitcoin & Ethereum: Droht jetzt ein größerer Crash?
- Ethereum Anstieg um 300%: Wiederholt sich die Geschichte?
- Top 3 Preisvorhersage Bitcoin, Ethereum, Ripple: BTC, ETH und XRP deuten auf einen Pullback voraus
- Bitcoin, Ethereum, Litecoin & Co.: Wie sich die Kryptokurse am Mittag entwickeln
- Ethereum strebt $7.000 an, Cardano an Key-Resistances, Lunex sammelt $4,5 Mio.
- Ethereum (ETH): Trotz Durchbruch einer wichtigen Trendlinie bleiben ETF-Zuflüsse und Futures-Markt entscheidend
