Bitcoin and Ethereum Face Critical Resistance Following Recent Bounces
Bitcoin and Ethereum Face Critical Resistance Following Recent Bounces
Both Bitcoin and Ethereum have experienced recent price rallies, yet market analysts highlight significant headwinds. Bitcoin's anticipated breakout, while underway, is encountering strong selling pressure from certain holder groups, potentially impeding further gains. Meanwhile, Ethereum's current bounce is described as fragile, with an active bearish pattern suggesting a risk of a deeper pullback if key support levels fail to hold.
Bitcoin’s breakout story is on course, but the needed bounce is not clean. The Bitcoin price has reclaimed key trend support, history favors continuation, and short-term selling has dried up. Yet every push higher is meeting supply. The reason is not obvious from the price alone. One holder group is still selling into strength, and
Ethereum price is rising again, up over 2% in the past 24 hours, and is still positive for the month. The rebound looks encouraging, but the structure underneath remains fragile. A bearish pattern is still active, and unless key levels are defended, this bounce risks turning into a deeper pullback. Ethereum Price Rises Inside a