coin-img-ETHETH+2.16%coin-img-BTCBTC+0.72%coin-img-SOLSOL+0.55%coin-img-XRPXRP+2.41%coin-img-AITOAITO+7,050.00%coin-img-CRKCRK-62.91%coin-img-WPWP-65.05%coin-img-USDCUSDC+0.00%coin-img-ETHETH+2.16%coin-img-BTCBTC+0.72%coin-img-SOLSOL+0.55%coin-img-XRPXRP+2.41%coin-img-AITOAITO+7,050.00%coin-img-CRKCRK-62.91%coin-img-WPWP-65.05%coin-img-USDCUSDC+0.00%coin-img-ETHETH+2.16%coin-img-BTCBTC+0.72%coin-img-SOLSOL+0.55%coin-img-XRPXRP+2.41%coin-img-AITOAITO+7,050.00%coin-img-CRKCRK-62.91%coin-img-WPWP-65.05%coin-img-USDCUSDC+0.00%coin-img-ETHETH+2.16%coin-img-BTCBTC+0.72%coin-img-SOLSOL+0.55%coin-img-XRPXRP+2.41%coin-img-AITOAITO+7,050.00%coin-img-CRKCRK-62.91%coin-img-WPWP-65.05%coin-img-USDCUSDC+0.00%

Bitcoin and Ethereum Rally to Early February Highs as Technical Analysts Turn Bullish

Bitcoin and Ethereum climbed to their highest levels since February 5 on March 17, prompting several technical analysts to shift from bearish to bullish stances, BlockBeats reports. Peter Brandt highlighted a short-term upside scenario for Bitcoin since March 10 and noted Ethereum formed a daily bottom at a major long-term support level that could signal a move toward $2,600, while Ali Charts said at 2:00 AM Beijing time on Monday the probability of a Bitcoin rebound was 100% and observed Ethereum's Super Trend indicator flipped to buy for the first time since September, a signal that previously coincided with gains of 52% and 174%. Strategy increased its holdings by 22,337 BTC last week and Bitmine added 60,999 ETH, though former bull Garrett Jin warned that developments in Iran could trigger a crash and said he currently lacks confidence to open crypto positions.
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