Over the last seven days, the prices of Bitcoin (BTC) and Ethereum (ETH) have increased by around 9% and 12%, respectively. Recently, Bitcoin (BTC) was trading at $30,450, up 0.4% from the previous day and more than 9% from the previous week. Ether (ETH) increased by 5.4% on Friday to trade at $2,105, a gain of more than 12% for the week. According to Will Tamplin, senior analyst at the technical research firm Fairlead Strategies, the next significant resistance levels for ETH and BTC are expected to be around $2,400 and $35,900, respectively, over the next weeks. In an interview with CoinDesk, Greg Magadini, director of derivatives at cryptocurrency analytics company Amberdata, pointed out that the risk reversal skew, which measures how expensive it is to sell puts vs calls in ETH, presently sits positive to the call side for all expirations post-Shapella.
As investors began to analyze the results from the most recent quarter’s earnings season, stocks ended Friday’s trading session lower. Over the last seven days, the prices of Bitcoin (BTC) and Ethereum (ETH) have increased by around 9% and 12%, respectively. Recently, Bitcoin (BTC) was trading at $30,450, up 0.4% from the previous day and more than 9% from the previous week. Ether (ETH) increased by 5.4% on Friday to trade at $2,105, a gain of more than 12% for the week. According to Will Tamplin, senior analyst at the technical research firm Fairlead Strategies, the next significant resistance levels for ETH and BTC are expected to be around $2,400 and $35,900, respectively, over the next weeks.
Greg Magadini, director of derivatives at the cryptocurrency analytics company Amberdata, stated in an interview with CoinDesk that the risk reversal skew, which measures how expensive calls are relative to puts in the ETH market, now favors calls for all expirations after Shapella. Equities ended the day Friday down as investors began to analyze the results of the recent quarter’s earnings season.
