Investors Flock to Ethereum While Bitcoin Fights to Hold Its Ground—Here’s Why
Ethereum steals the spotlight as Bitcoin wobbles—traders pivot toward smart contracts and DeFi momentum.
Shift in Sentiment
Money’s moving. Fast. While Bitcoin battles resistance, Ethereum’s ecosystem—from staking yields to NFT resurgence—pulls in institutional flow. No surprise; yield talks louder than legacy hype.
Tech Over Tribalism
Ethereum’s upgrade cycle delivers. Lower fees, sharper execution. Meanwhile, Bitcoin’s store-of-value narrative feels… static. Traders want action, not dogma.
The Cynical Take
Let’s be real—finance will flock wherever the ROI drips shiniest. This week, it’s ETH. Next? Maybe back to BTC… or some memecoin. Because nothing says 'strategic allocation' like chasing the last green candle.
As the price of Bitcoin
$110,284 strives to maintain its support level at $110,530, Ethereum
$4,473 is capturing increasing investor interest. According to CoinShares, there was a $1 billion outflow from Bitcoin-based investment products last week, while $2.5 billion has flowed into Ethereum-based products since the beginning of the month. Supporting this trend, Arkham data indicates a colossal whale sale of 22,769 BTC to acquire 472,920 ETH. Meanwhile, Michael Saylor’s company, Strategy, has bolstered its portfolio with an additional 3,081 BTC.
Critical Levels to Watch in BTC and ETH
On the second trading day of the week, Bitcoin fell to $109,000 but managed to climb back above the $110,000 threshold. Although buyers defending this level is positive, selling pressure may emerge at the 20-day EMA of $115,639. Should this support break, BTC could descend to $105,000 and then potentially to $100,000.
Conversely, surpassing $117,500 could set the stage for price consolidation between $110,530 and $124,474.
Ethereum reached a new peak of $4,956 on Sunday, only to fall the next day due to selling pressures. According to analysts, the 20-day EMA at $4,349 holds significant importance. A strong bounce from here could propel the price back above $5,000 and potentially accelerate to $5,500. However, closing below the EMA might pull ETH down to $4,060.
Support-Resistance Battle in XRP, BNB, DOGE, SOL, LINK, and ADA
In XRP, the focus is on maintaining support at $2,73. A close below this level might push the price down to $2,33. Conversely, breaking through the downtrend line could target a range of $3,40 to $3,66.
BNB experienced a pullback due to profit-taking at $900 but could potentially rise to $1,000 if it holds at $861. Solana
$189 is eyeing a rising triangle formation but fails to break the resistance at $210. If SOL manages to close above the triangle’s resistance line, potential targets include $240 and $265.
Dogecoin
$0.211767 remains wedged between $0.21 and $0.26. Surpassing $0.29 could bring $0.35 into play, while falling could see risks dropping to $0.19-$0.16. Cardano
$0.842637 rebounded from its $0.86 20-day EMA, but buying pressure softens. Closing above $1.02 might uplift ADA’s price to $1.17. Chainlink
$24 was unable to breach $27 and pulled back; however, if LINK finds support at its 20-day EMA of $23.37, it might head towards $31. Testing below the EMA could drive the price down to $20.84.
