Bitcoin and Ether have shown signs of starting a bullish move, with Ether balances on exchanges dropping sharply in the past 30 days. The crypto recovery is not limited to Bitcoin and Ether, with several altcoins rising sharply from their respective lows. This article analyzes the charts of the top-five cryptocurrencies that may rise in the short term, including Bitcoin, Ether, Arbitrum, VeChain, and Stacks.
– Bitcoin has been trading near the $31,000 level for the past four days, with a tight consolidation near a major resistance level indicating a potential upside resolution.
– Ether has been facing selling at the $1,928 level for the past three days, but buyers expect the resistance to be broken.
– Arbitrum rose above the breakdown level of $1 on June 19 and followed that up with a sharp rally on June 20, with a break and close above $1.18 suggesting the start of a new up-move.
– VeChain turned down from the resistance line on June 23, but traders are buying the dips and may propel the price above the resistance line.
– Stacks soared above the moving averages on June 20, signaling a potential trend change, with a positive view enhanced if the price turns up from the current level or rebounds off the 20-day EMA.
