Crypto fever continues to ascend this summer
After a pause in the momentum for a bit at the end of July, cryptocurrencies are bubbling up again now in August. Last week’s move by the Trump administration to allow for including private assets – including crypto – into everyone’s 401(K)s has definitely reignited the bulls and we’re seeing a follow through on that over the weekend.
Both Bitcoin and Ethereum are surging and staying in search of fresh all-time highs once again. For the latter especially, breaking above the $4,000 mark is a monumental step. That has been a key level in placing a ceiling on price action all through last year and even in times before.
Ethereum (ETH/USD) weekly chart
That tees up buyers to take aim at the end 2021 highs near the $4,800 level. From a technical…
