Bitcoin has retreated to support around $110,530-$115,000, drawing buyer interest following profit-taking near the $120,000 level. Ether (ETH) is consolidating near overhead resistance as inflows into spot ETH ETFs surged past those into BTC ETFs.
“ETH could possibly outperform Bitcoin in the next three to six months.” – Michael Novogratz, CEO, Galaxy Digital
“ETH could go into price discovery if it takes out $4,000.” – Michael Novogratz
Arthur Hayes, BitMEX co-founder, anticipates ETH to hit $10,000 by year-end.
Bitcoin Price Analysis
BTC retreated below $115,000, dipping below the 20-day simple moving average (SMA), though bulls aim to defend this level to potentially challenge the $123,218 resistance and breach $135,729.
Farside Investors’ data shows spot ETH ETFs attracted roughly $2.4 billion in the last six trading days, contrasted with $827 million into spot BTC ETFs.
Ethereum Price Analysis
ETH is consolidating near $3,745 resistance. A break above this level could target the $4,094 resistance before aiming for $4,868.
If bears hold, support is seen near $3,500 and $3,234 (20-day SMA).
XRP Price Prediction
XRP retraced from failed attempts near $3.66. Buyers defend around the 20-day SMA ($2.96). A successful rebound could challenge $3.66 again, aiming for $4 and $4.50.
Failure to hold key support may trigger a deeper correction.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
