With market domination of 44.17 percent, the BTC price is trading above $32K. In any case, it was outperformed by ETH and a number of altcoins, indicating that bulls are feeling more confident than they were earlier this week.
All altcoins only require a good pump to maintain the short-term positive momentum. Due to enormous sell-offs and widespread FUD in the crypto sector, Ethereum Price has been struggling in the market. Musk’s remarks appear to have provided the digital asset the boost it needed to break out from its rut.
The greatest winner from the B-Word conference was Ethereum, which saw its price skyrocket after Elon Musk revealed that he owned the cryptocurrency. In the following days, ETH is projected to test $2400. However, if the price falls below $2000 for whatever reason, this is a red flag. The liquidity zone has given the price the required support to reverse, and the bearish structure has finally been broken.