Ethereum recoils from the support at the 50-day SMA, aiming for a break toward $4,000.
Shiba Inu holds above $0.000025 after gaining ground from $0.00002.
Bitcoin has not slowed down the uptrend since the breakout at $44,000 toward the end of September. Its consistent upward action has impacted the market positively, with altcoins like Ethereum lifting above various key levels.
As analyzed earlier, Bitcoin closed the weekend session above $56,000, as bulls boost toward $60,000. The demand for the bellwether cryptocurrency has been rising in the last couple of weeks, especially among the whales. Hence, BTC is better positioned to close the above $60,000 that drop toward $50,000.
Ethereum:-
Ethereum had gained ground above $3,600 on Friday, a move that saw investors acclimate to the idea of trading beyond $4,000. However, a correction occurred whereby bulls were forced to seek refuge 50-day Simple Moving Average (SMA).
At the time of writing, Ether has reversed the trend upward and is
We współpracy z: https://coingape.com/ethereum-shiba-inu-price-analysis-october-11-2021/
