Bitcoin and Ethereum Show Strong Growth as Bulls Drive Prices Toward Key Levels

According to ChangeNOW, a registration-free cryptocurrency exchange service, transaction volumes for Bitcoin and Ethereum have increased. This surge suggests that savvy investors and large holders concerned about fund safety are accumulating, hinting at possible future growth for these coins.

Cryptocurrency exchange service ChangeNOW, which does not require registration, reports an increase in transaction volumes for Bitcoin and Ethereum.

According to ChangeNOW, this surge could be attributed to experienced investors and large holders accumulating these coins due to concerns about fund safety. The development hints at the possibility of further growth for Bitcoin and Ethereum in the future.

Bitcoin Shows Strong Growth as Bulls Drive Prices Toward Key Levels

Bitcoin price is currently trading between $94,906 and $98,096, showcasing strong growth with a monthly increase of 45.70%.

Relative Strength Index is at 57.51, indicating bullish momentum without reaching overbought conditions.

The 10-day Simple Moving Average is at $98,443, which is higher than the 100-day average of around $94,060, indicating a positive short-term trend.

The nearest resistance level is at $100,724, and breaking this resistance could lead to the next target of $113,913.

Bitcoin is showing strong upward movement with a one-week price change of 12.41%.

If you’re interested in purchasing Bitcoin, platforms like ChangeNOW offer the option to do so with no registration and no hidden fees.

Ethereum Gains Momentum as Bulls Influence the Market

Ethereum price has also seen a rise recently, gaining over 8% in the past week and more than 27% in the past month.

Currently, the price of Ethereum ranges between $3121.90 and $3341.60.

The 10-day simple moving average is above $3350, which is higher than the 100-day average of around $3168, suggesting bullish momentum.

The Relative Strength Index is close to 54, indicating neutral to slightly positive market sentiment.

If Ethereum breaks through the nearest resistance level at $3607, it could aim for the next resistance at $4037, which would be a substantial percentage increase.

With technical indicators suggesting potential growth, the current market conditions seem favorable.

If you’re interested in purchasing Ethereum, platforms like ChangeNOW offer the option to do so without registration and no hidden fees.