Today, the cryptocurrency market is stagnant, there are not many buyers or sellers in the market. In direct proportion to this, the prices do not progress much differently. Here is the latest situation in Bitcoin, Avax and Ethereum…
Latest Situation in Bitcoin
When we look at Bitcoin (BTC), Bitcoin continues to move in the same price band these days when the news flow is low and the volume is low. Bitcoin is trading at $23,815 as of writing. Bitcoin started the day up 0.4%.
Bitcoin’s 4-hour chartBitcoin, as of the region it is currently in, has freed itself from the support in the $ 17 thousand band and draws a tendency to go up. For us to be able to talk about bullishness in any way, big players have to re-enter the market and the volume has to rise. If this is the case, Bitcoin’s next target will be the resistance between 28 thousand and 30 thousand dollars.
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Latest Situation in Ethereum
Ethereum (ETH) is also in a sluggish course, similar to Bitcoin. Although the news of Ethereum’s approaching Merge excited the markets, the expected big change in price has not yet come. Ethereum started the day up 2.2 percent.
Ethereum’s 4-hour chartEthereum, like Bitcoin, has moved away from the lower support, but is not in a position to force the upper $2,000 resistance. It continues its movement as of the band it is in.
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Latest Situation in AVAX
AVAX responded positively to the news of being listed on Robinhood yesterday. Avax, which had a 10 percent increase, threw a needle at $ 31, but returned to the band it was in with the sale. However, this news was not enough to push the price even higher. Avax started the day down 0.9 percent.
Avax’s 4-hour chartWe can call Avax’s lower support at $15 and its upper resistance at $42. Strive for its network and community, Avax watches in the band where it is in stagnant market conditions.
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