Bitcoin and Ethereum are exhibiting recovery signs following recent declines, with Bitcoin rebounding after a nearly 20% drop from its peak above $125,000. Long-term holders are accumulating Bitcoin, indicating potential for a rebound, with JPMorgan analysts suggesting a possible rally towards $170,000. Meanwhile, Ethereum, which recently dipped to around $3,000, is also showing signs of recovery. Increased whale activity and a higher low near $3,400 to $3,500 could propel Ethereum towards $3,715, with Citi forecasting a year-end target of $4,300 and some predictions reaching $6,400.
In the midst of these developments, a new cryptocurrency, Opter, is gaining attention in the market. Its price surge is drawing interest from investors, adding a new dynamic to the current crypto landscape.
Bitcoin and Ethereum Show Recovery Signs as Opter Gains Attention
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
