The crypto money market has undergone a serious change in the last 2 weeks and its effects are seen in every field.
Leading cryptocurrency Bitcoin (BTC), In a short time, it pinned the highest level of 2022.
Ethereum (ETH) is rebounding and even the NFT market is back to its former level. So, in light of all the data, is the bear market really over?
What is the Latest Situation for BTC and ETH?
When we look at the Bitcoin chart in a weekly period, we see that the $35,000 levels are not lost as support and that there is an increase from these levels.
In view of the current situation your most important support is now 45,000 dollars levels are known. Failure to lose this level may bring a rise to the $52.00 level in the coming days.
Breaking $52,000 is extremely important for testing new records in the coming period. At the moment, it is possible to say that the uptrend has started and BTC has recovered from the bearish outlook.
Interestingly, this situation for BTC is also seen in the same way for ETH. In fact, $2,300 is in the same support position for ETH, and it does not go unnoticed that similar movements are experienced here.
For ETH, it is currently seen that the target is above $ 4,000 in the first place.
Looking at the graphic data, if everything goes as desired, it can be expected that ETH will break a new record towards July.
because July ETH around the month “Merge” A major update is planned. The transition from ETH 1.0 to ETH 2.0 will happen exactly during this period, and the ETH bull that keeps the market afloat in the 2020-21 bull can be seen again.
In the light of all this, it can be said that the month is really over and the bull can be felt fully until July.