Ethereum broke above the $3,103 hurdle on Friday, posting a 5% gain. The increase comes after assets in the cryptocurrency market have generally appreciated. But on the last day, Ethereum significantly beat Bitcoin when several community members pointed out that the ETH\/BTC rate was almost at its lowest.<\/p>\n\n\n\n
ETH open interest has surged by 6.6% within the last day due to the recent surge in ETH value. As a result of the resurgence of investor's interest in ETH, there may be fewer sideways movements in the near future.<\/p>\n\n\n\n
If there is a surge in confidence, ETH might try to break through the $3,125 resistance and, if it does, go above $3,200. A solid bullish breakout of this level might push the price above $3,500 next week.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Might Confirm A bullish Market Bias If The Price Closes Above $67K This Week, And The ETH Bullish Rally Struggles At The 50-EMA Resistance Near $3,125","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-might-confirm-a-bullish-market-bias-if-the-price-closes-above-67k-this-week-and-the-eth-bullish-rally-struggles-at-the-50-ema-resistance-near-3125","to_ping":"","pinged":"","post_modified":"2024-05-19 20:28:29","post_modified_gmt":"2024-05-19 10:28:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16965","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};