Bitcoin remains stable while Ethereum finally gains momentum

Bitcoin remains around $96,000 after successfully testing support levels, while Ethereum shows a long-awaited rebound.

Bitcoin defends key support levels

On Nov. 29, Bitcoin was trading around $96,000, following a successful test of the $91,000 support. This provided stability after rapid gains on Nov. 27, which ended with a close just below $96,000.

BTC/USD held firm against selling pressure and remained above $90,000, which has been the new support level in recent weeks. Analyst Rekt Capital called the retest of $91,000 "fantastic" and sees it as a positive sign.

Liquidity analyst The Kingfisher noted that traders were seeking liquidity around the current price. IT Tech, a contributor to CryptoQuant, warned that high leverage could lead to liquidations in the short term.

Ethereum on its way to $4,000

Meanwhile, attention is shifting to altcoins, particularly Ether (ETH). The largest altcoin broke through key levels this week and is now approaching the $4,000 mark. According to Rekt Capital, this is a realistic short-term target after a recent test of the $3,700 resistance.