đ„ Crypto bulls are back in control, for now.
Ethereum just jumped 18% to above $2,250, while Bitcoin pushed above $69,000. $ETH is now up roughly 20% on the week, leading the major crypto assets.
The move was fueled by improving liquidity sentiment after the U.S. Treasury increased bond buybacks, while roughly $1.4B in short positions were liquidated.
But traders shouldnât chase green candles blindly.
$ETH needs to hold $2,200 to prove this breakout has legs. After an 18% one-day move, a pullback or consolidation wouldnât surprise me.
$BTC holding $69K could keep the broader market bullish. đ
#Bitcoin #Ethereum #Crypto
Ethereum just jumped 18% to above $2,250, while Bitcoin pushed above $69,000. $ETH is now up roughly 20% on the week, leading the major crypto assets.
The move was fueled by improving liquidity sentiment after the U.S. Treasury increased bond buybacks, while roughly $1.4B in short positions were liquidated.
But traders shouldnât chase green candles blindly.
$ETH needs to hold $2,200 to prove this breakout has legs. After an 18% one-day move, a pullback or consolidation wouldnât surprise me.
$BTC holding $69K could keep the broader market bullish. đ
#Bitcoin #Ethereum #Crypto