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Bitcoin & Ethereum Price Consolidate While Altcoins Fly High! Is AltSeason Resumed?


The Bitcoin and Ethereum price was stuck up in a region and was unable to pierce through the resistance levels. As the much-awaited London Hard Fork went live, BTC price & ETH price are heading towards their respective upper resistance levels. However, after a significant rally, both the assets appear to have lessened their pace of-let. 


Bitcoin Price Trending On Vital Levels

Bitcoin price from the past couple of days is swinging around the major resistance levels at $46,000. Despite a significant dip of close to $44700, the price yet again rose above these levels and attempting hard to sustain. 


The most important thing currently for the Bitcoin price is to surge high and record a daily close above these resistance levels. In order to smash $50,000, the price requires to breach the upper resistance levels is around $48,000. However, a slight pullback could appear but the Golden Cross may provide the rally with the needed boost. 

Also Read: Bitcoin Golden Cross Around the Corner! BTC Price Poised to Hit $50k This Week!

Ethereum Price Moves Ahead Step By Step

Ethereum price rallied like a giant to surpass $3000 levels as the EIP 1559 upgrade went live. Despite the high gas fees continue to prevail, the asset sustained above $3200 comfortably. After 3 long months of slaughter, the price picked up a bullish trend from nearly a month to head towards its ATH.

The price despite the remarkable rally yet requires another round of boost to smash the higher resistance levels. Currently, the price is trending around $3220 at the press time, however another 10% to hit the strong resistance zones above $3600. And hence the path towards forming a new ATH could become pretty clear. As the ETH price sprung up, many altcoins followed recording a double-digit gain. 

Also Read: Ethereum Price is On the Cusp of Breaking Out! Will ETH Price Hit ATH This Month?

Has The AltSeason 2021 Resumed?

The present-day trade pointed out towards the possible Altseason 2.0 of 2021 as most of the altcoins surge high. The highest gainer among the altcoins is IoTeX (IOTX) which had a giant rally of nearly 285.69% since the last trading day. The IOTX price rallied from just $0.02 to as high as $0.123. However, with another Dogecoin type rally, is another DOGE entered the market?

The other altcoins that followed a massive uptrend are Axie Infinity priced at $69.09 with a jump of 27.93%. Polygon (MATIC) price at $1.34 with a surge of 17.63%, Holo(HOT) price at $0.01121 with 24.24% at the press time. Most of the altcoins are painted in green and hence pointing towards the Altseason 2021. 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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