Bitcoin And cryptocurrency While the market has been active in recent hours, BTC and Ethereum reached new highs.
at this point BTCWhile rising above 53 thousand dollars for the first time after December 4, 2021, ETH It exceeded $ 3000 for the first time after April 26, 2022.
With this rise, BTC increased its weekly gains to over 6%, while ETH increased it to 13%.
With this rise, 19 million dollars were liquid in short positions in the last hour, while the most liquidation was Bitcoin and EthereumIt took place in .
At this point on the rise spot ETH ETFWhile the potential approval expectation in ‘s is effective, investors are also waiting for an approval for ETH from the SEC. Against this expectation, it is evaluated that ETH may continue its rally, and $ 3,500 is seen as the next resistance level.
Speaking to Coindesk at this point, Kenny Hearn, chief investment officer of SwissOne Capital. He stated that with this rise, ETH is very close to the $ 3,150-3,300 levels and continued as follows:
“The next level for ETH will be $3,600, and we think this can be achieved fairly easily within the next month as altcoins continue to catch up.
“A potential approval would increase ETH’s appeal among more conservative, institutional investors, just as new Bitcoin ETFs launched last month have experienced large inflows.”
Ethereum At the time of writing, it continues to be traded at $ 2,914.
*This is not investment advice.
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