Cryptocurrency markets are trading higher Won ednesday morning, with Ethereum once again leading the way.
Notable Statistics:
IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 6.9% and grew 18.2%, respectively. Daily active addresses dropped 2.1% and increased 4.6%, respectively. Coinglass data shows 114,730 traders were liquidated in the past 24 hours for $533.33 million. SoSoValue data shows net inflows of $65.95 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $523.9 million.
Trader Notes: Rekt Capital says BTC is perfectly positioned to confirm its bull flag breakout, with $120,000 potentially flipping into strong support for a run to new all-time highs.
Daan Crypto Trades adds that BTC has cleared the $120,000 liquidity cluster after dipping below $115,000, but remains range-bound, shifting trader focus toward altcoins.
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Jelle notes Ethereum is less than 5% from price discovery, with momentum accelerating and only one major resistance left to clear.
Javon Marks sees similarities to past bull cycles, projecting a possible +188% rally toward ~$9.63, with room for even higher moves.
For Solana, Jelle expects a strong comeback; once it breaks above $200, resistance should thin significantly, aligning with the market’s broader rally.
Trader Tardigrade spots an inverse head-and-shoulders pattern on the 4-hour chart, with the right shoulder nearly formed, hinting at a possible bullish reversal.
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$BTCBitcoin – United States dollar$120434.210.26%Stock Score Locked: Want to See it?
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Reveal Full ScoreEdge RankingsMomentum88.50Price TrendShortMediumLongOverview$DOGEDogecoin – United States dollar$0.24624.41%$ETHEthereum – United States dollar$4676.341.88%$SHIBShiba Inu – United States dollar$0.0000142.44%$SOLSolana – United States dollar$200.634.66%$XRPRipple – United States dollar$3.280.35%Market News and Data brought to you by Benzinga APIs
