Bitcoin hits 91,000 resistance, Ethereum leads the rally! Is this a short-term correction or a continuation of the rise?



After the holiday break, Western institutions resume work, and liquidity in the crypto market quickly recovers. Bitcoin surged to 90,930 early yesterday morning before pulling back, currently oscillating near the 90,000 level; Ethereum performed even more strongly, breaking through the 3,050 resistance level that had been sideways for half a month, reaching a high of 3,150, now stabilizing in the 3,100-3,150 range.

This rebound is not surprising: on one hand, the Christmas and New Year holidays meant the Federal Reserve's easing measures hadn't had time to show effects; on the other hand, Bitcoin and Ethereum had been sideways at low levels for over a month, market panic had eased early, and institutions buying a little back caused prices to rise.

From a technical perspective, both assets need a short-term correction. The key supports are at 89,000 and 88,500, while resistance above 91,000 is significant; Ethereum's focus should be on the support strength at 3,050-3,000, with clear resistance at 3,150 and strong resistance at 3,200-3,250.

Special reminder: Today is Saturday, and weekend market volatility is usually low, likely a correction or consolidation. Also note that this move is just a rebound, not a reversal. Even if Ethereum breaks through strong resistance and reaches 3,200-3,300, it will ultimately pull back. $BTC #ETH走势分析
BTC1,93%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt