Finst

Bitcoin remains stable while Ethereum finally gains momentum

Bitcoin remains around $96,000 after successfully testing support levels, while Ethereum shows a long-awaited rebound.

By Finst News
• 2 min read
Bitcoin remains stable while Ethereum finally gains momentum

Bitcoin remains around $96,000 after successfully testing support levels, while Ethereum shows a long-awaited rebound.

Bitcoin defends key support levels

On Nov. 29, Bitcoin was trading around $96,000, following a successful test of the $91,000 support. This provided stability after rapid gains on Nov. 27, which ended with a close just below $96,000.

View post on X

BTC/USD held firm against selling pressure and remained above $90,000, which has been the new support level in recent weeks. Analyst Rekt Capital called the retest of $91,000 "fantastic" and sees it as a positive sign.

View post on X

Liquidity analyst The Kingfisher noted that traders were seeking liquidity around the current price. IT Tech, a contributor to CryptoQuant, warned that high leverage could lead to liquidations in the short term.

Ethereum on its way to $4,000

Meanwhile, attention is shifting to altcoins, particularly Ether (ETH). The largest altcoin broke through key levels this week and is now approaching the $4,000 mark. According to Rekt Capital, this is a realistic short-term target after a recent test of the $3,700 resistance.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.