Bitcoin and Ethereum Analysis 05/03/2021: Massive ETH!

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Talking Crypto

Ethereum started May with the same force it was in all of April and today it has left the coveted $ 3,000 far behind and has almost reached $ 3,200.

And there is no analysis that is worth it, because the only thing that the currency does is rise explosively with each passing day.

In the meantime, Bitcoin made a major return to $ 58,000.

Bitcoin

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Bitcoin price chart 05/03/2021 | TradingView

The BTC today has recovered quite strongly the level of $ 58,000 and is on track to get back on the $ 60,000 path.

The bulls have managed to establish support around $ 56,000 and have climbed to 58,500.

Now they will seek to retake the $ 60,000, while Bears are struggling to take Bitcoin to $ 56,000 and from there to $ 55,000.

Ethereum

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Ethereum price chart 05/03/2021 | TradingView

Ethereum is doing some pretty impressive things. And it is that when you think that it has already reached a top, it continues impressively and strongly upwards.

Today he overcame very easily the long-awaited $ 3,000 level to settle at $ 3,180.

The bulls are the absolute owners of the moment and the bears are tied helplessly.

ETH is at totally unexpected levels and one can only wait to see what will happen next: if it is already reaching the top of the movement and can pull back, or if it will continue its unstoppable path.

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Analysis by analyst César Quintero for Cryptocurrency



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