Bitcoin’s break above $25,000 has sparked excitement among analysts, who are predicting the currency to quickly move towards $26,200 and possibly as high as $27,000. Should the price drop below USD 25,000, support is available around USD 24,250 and the main support can be found near USD 23,250.
Ethereum price is also rising
The price of Ethereum usually follows that of Bitcoin, so it is not surprising that this cryptocurrency also shows an increase. While Bitcoin is posting a gain of about 10%, Ethereum is showing a similar increase of almost 9%. At the time of writing, Ethereum is valued at $1,720.
