Ethereum Soars to 11-Week Peak While Bitcoin Faces $105K Resistance
Ethereum rockets past key resistance levels—flipping bullish sentiment as traders shrug off last month’s regulatory jitters. Meanwhile, Bitcoin slams into a $105K wall like a over-leveraged hedge fund meeting margin calls.
• ETH’s surge defies ’post-merge blues’ narrative
• BTC rejection sparks liquidations—because nothing says ’healthy correction’ like $200M in long positions evaporating in 15 minutes
Crypto markets doing what they do best: making technical analysis look brilliant one hour and utterly ridiculous the next. Watch those leverage ratios, folks.
BTC Maintains $103K
The primary cryptocurrency enjoyed the beginning of May as its price finally conquered the $100,000 level last Thursday, and it hasn’t looked back since. It kept climbing even during the weekend, but the culmination transpired on Monday when the US and China announced a tariff pause. At the time, BTC skyrocketed to almost $106,000, which became a new multi-month peak.
However, the bears finally intervened at this point and didn’t allow an attempt for an all-time high. Just the opposite; BTC started losing value and dropped below $101,000 on Monday evening.
It didn’t stay there for long and bounced to around $103,000 yesterday. The aforementioned better-than-expected US CPI numbers for April failed to result in immediate price volatility, but BTC still challenged $105,000 in the evening to no avail.
Since then, the asset has lost nearly two grand and fights to stay above $103,000. Its market cap is well above $2.050 trillion on CG, while its dominance over the alts has taken a beating and is down to 59.1%.
ETH at $2.6K
Ethereum has completely reversed its sluggish and disappointing performance at times in the past week or so. It has jumped by another 4.5% in the past 24 hours and now sits close to $2,600 after surging to a new multi-month peak of almost $2,750 earlier today.
Other notable gainers from the larger-cap alts today include SOL, DOGE, TRX, AVAX, and PI. RAY, ENA, and MKR have surged by double-digit price increases, while WIF has dropped the most since yesterday by losing 5% of value.
The total crypto market cap has recovered over $60 billion since yesterday and is above $3.460 trillion on CG.
