ETH Leads Crypto Market With Record Highs

Lovata Andrean

ETH Leads Crypto Market With Record Highs
ETH Leads Crypto Market With Record Highs

Rancakmedia.com – View projections of the top three values ​​namely BTC, ETH, Ripple, Ethereum prices are leading the rise in the crypto market by touching an all-time high. Bitcoin prices at the beginning of the week increased again after a large surge during the previous 48 hours.

The price of Ethereum is heading towards US$ 5.000 or around Rp. 70 million after rebounding and touching the support level at US$4.380 or around Rp. 61,32 million. The price of Ripple rose by 11 percent with the aim of improving from US$1,31 to US$1,41 or around Rp. 19.740.

Bitcoin prices have recently experienced a fairly consistent increase over the previous two days, this trend also shows indications of continuing.

Meanwhile Ethereum and Ripple slowly but surely continue to overtake BTC and reach their peak value. Bitcoin prices have stabilized below the resistance level at US$63.757 or around Rp. 892.598.000 and the support level at US$ 60.000 or around Rp. 840 million for around 16 days.

ETH Leads the Crypto Market

However, a sharp spike on November 8 has pushed BTC up 4 percent so far. If the bull run continues, it is conceivable that Bitcoin price will reach a daily close above US$65.000, an event signaling the start of the bull run.

In such circumstances, BTC will reach the level of US$70.000 or around IDR 980 million and will create a new high here. If the Bitcoin price fails to penetrate the specified level, namely at the level of US$65.000 or around Rp. 910 million, there is a possibility that the price will lead to consolidation.

Daily closing below the level of US$60.000 or around Rp. 840 million certainly makes it possible to negate the bullishness and drop BTC into the liquidity area starting from the level of US$ 52.956 to US$ 56.004 or around Rp. 784.056.000.

Since October 1, the price of Ethereum has continued to increase. The current lull in price movements in Bitcoin did not stop ETH from setting a new record high of US$4.460 or around 62.440.000.

BTC's bullish momentum appears to be guiding ETH's rise, as the price just hit an all-time high of US$4.768 or around IDR 66.752.000. There is a high probability that the positive trend will continue and ETH will reach the $5.000 level (approximately IDR 70 million) before surging to the $6.384 level (approximately IDR 89.376.000).

Apart from the bullish outlook, if the price of Bitcoin falls to the level of US$51.000 or around IDR 714.000.000, investors can hope that the price of Ethereum will immediately respond by returning to the support level at US$4.000 or US$3.600 or around IDR 50.400.000.

Ripple price seems ready to overcome the resistance, starting August 9 the swing points are connected to each other and if you look at the trend line you can see a symmetrical triangle construction.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks