ETH’s recent rally was driven by spot demand and a healthy use of futures market leverage, potentially setting Ether up for a follow-up move to $4,000.
Bitcoin whales sold $286 million of BTC in January, but a slowdown in the distribution and accelerating bullish momentum could send BTC to $100,000 before the end of the month.
Bitcoin and several major altcoins bounced off their strong support levels, but charts and trading volume suggest bears will continue to sell at the range highs.
Bitcoin failed to become investors' choice as the debasement trade, as BTC price action slumps while gold and silver hit repeat all-time highs, said analysis.
Bitcoin injected volatility as legal action against the Federal Reserve combined with market nerves over geopolitics at the start of a key week for inflation data.