Bitcoin [BTC] and Ethereum [ETH] have been performing well in the recent past, with the former reaching an all-time high.
have been performing well in the recent past, with the former reaching an all-time high. While both the top coins remain under scrutiny, BTC and ETH have set eyes on new targets — $100k and $4k, respectively.As mentioned above, Bitcoin reached an ATH in November 2024. To the contrary, ETH’s ATH was registered during the crypto bull market of November 2021.
To be precise, while the Bitcoin dominance stood at over 56%, ETH dominance dropped marginally in the last 24 hours and had a value of 12.8%.Moving forward, both cryptos had a problem. For instance, Bitcoin’s NVT ratio increased. A similar hike was also seen on ETH’s chart. This indicated that both cryptos’ were overvalued, hinting at possible pullbacks in the near-term.However, the metric that turned in BTC’s favor, was the exchange balance.
On the other hand, BTC’s rise in buying pressure has again pushed the coin above its $96k resistance. This suggested that the king coin could soon begin a rally towards $100k, in turn, marking a new ATH.
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