Daily Ethereum Comments
Posted: Sat Apr 05, 2025 7:50 am
Trading below the psychological level of $90,000 confirms the strength of this resistance zone. However, The Blockchain Group’s $50 million Bitcoin purchase and the accumulation of giants like BlackRock demonstrate the long-term confidence of institutional players. Macroeconomic breakdowns in particular may increase the trend towards alternative assets like Bitcoin. New projects like Taproot Wizards and their integration with NFT ecosystems show that Bitcoin can go beyond being just a reserve asset. The main level to consider now is breaking $90,000; this could cause the BTC price to gain upward momentum. However, if this resistance cannot be broken, we are likely telegram data to see sideways or bearish movements for a while longer.
Ethereum rose to $2,057 during the day and fell to $2,023. Holding above the $2,000 support level, Ethereum is preparing to test the $2,100 resistance level; however, weak investor momentum may make this breakout difficult. However, the record low ETH supply on exchanges and BlackRock's large investments indicate that Ethereum may experience supply-side pressure and support upward movement in prices.
Ethereum rose to $2,057 during the day and fell to $2,023. Holding above the $2,000 support level, Ethereum is preparing to test the $2,100 resistance level; however, weak investor momentum may make this breakout difficult. However, the record low ETH supply on exchanges and BlackRock's large investments indicate that Ethereum may experience supply-side pressure and support upward movement in prices.