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I noticed that Bitcoin and Ethereum have once again risen to levels not seen since February. BTC is currently trading around 78K after a week of sideways movement, and Ethereum has climbed to 2.3K. It seems the consolidation is coming to an end.
According to technical analysis, the RSI of both assets is approaching 60 without being overbought, indicating increasing buying pressure. Bitcoin is trying to break through the 75-76K zone, and Ethereum is looking at 2.4K as a key level. If both assets close above these marks, there is a chance for continued growth.
If there is no breakout, Ethereum could retreat to 2.1-2.2K, and Bitcoin could return to the 72-74K range. Right now, everything depends on whether buyers will hold their current positions or if a pullback will occur. The market structure is interesting, there is room to grow, but confirmation is needed.