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Here’s Why The Bitcoin And Ethereum Prices Are Still Trading Sideways
['Scott Matherson', 'Week Ago', 'Days Ago', 'Aayush Jindal', 'Jake Simmons', 'Christian Encila', 'Rubmar Garcia', 'Sebastian Villafuerte']
NewsBTC
Cryptocurrency markets have shown limited momentum this week, with both Bitcoin and Ethereum lingering in narrow price ranges.
Bitcoin And Ethereum Locked In Tight ConsolidationRecent price action across Bitcoin and Ethereum continues to indicate a market stuck in indecision.
The price broke above $3,000 very briefly in the past 24 hours, but it has since rejected and is back to trading around $2,900.
Interestingly, Spot Ethereum ETFs, on the other hand, had $28.10 million in inflows in the past 24 hours.
As it stands, both Bitcoin and Ethereum seem likely to remain confined to their current ranges until a stronger catalyst emerges.