- Bitcoin and Ethereum charts show signs of recovery after consecutive dips this week.
- Bitcoin now hovers at the 38,000 level while Ethereum is at $2,300.
- This is a good sign after a week of crashes from the crypto market.
The entire cryptocurrency industry experienced a crypto crash as portfolios and candles were bleeding red this week. However, the market is beginning to show a slight reversal as prices begin to bounce back.
If we look at the current charts at coin information websites like CoinMarketCap and CoinGecko, we can see that Bitcoin has recovered a bit. At the time of writing, Bitcoin is trading on an average of $37,000 to $38,000. This is still far from its highs of above 50k USD, but it may be interpreted as a good sign that the bull market is not yet over.
On the other hand, the second-ranked cryptocurrency by market capitalization, Ethereum, has also seen some recovery. As of now, ETH is trading between the $2,300 to $2,400 mark.
In the past week, we witnessed how Bitcoin fell to a 3.5-month low to the $30,000 level. Thi...
This article was first published on coinquora.com
