Bitcoin prices are no less than a hot pancake nowadays as it quickly gets sold off as it reaches the crucial $40,000 level. However, Ethereum showcased a little diverse trend for some time but eventually follows the star crypto. Currently, the top 2 crypto assets are approaching their respective zones and this may be deeply impacted the entire crypto space.
Bitcoin(BTC)
Bitcoin after sliding down during the first few days of April maintained its trend within the descending parallel channel
Interestingly, the price is hovering along with the middle ranges with an accumulated buying volume and hence the BTC price may hit $40,000 before the day’s end or in the first few hours of the next day’s trade
The RSI is extremely bullish and hence a significant uptrend may continue for some more time but slowly yet steadily
However, like each time, huge possibilities of the price sliding down facing a rejection may be still in place
Ethereum(ETH)
The Ethereum price had a bullish weekly start as it had achieved the $3000 mark after ranging high by more than 7%
However, after holding for a couple of hours, the price quickly dropped to its initial levels and ignited a significant ascending trend
The ETH price witnessed a rejection from $2950 levels and after a slight retest, it may be primed for a huge rebound to reach $3000
Yet the second-largest crypto may lag some momentum and hence reaching these levels could be delayed a bit but may not face a steep rejection similar to Bitcoin (BTC) price