Биткоин и Ethereum показывают сильный рост на фоне улучшения рыночных настроений Bitcoin and Ethereum Show Strong Growth Amid Improved Market Sentiment

In the past 24 hours, the price of the leading cryptocurrency has surged by 7.9% to approximately $93,800, recovering losses incurred from a sharp drop to $84,500.

Ethereum’s value has climbed back to $3,000, seeing an increase of 9.7%.

All cryptocurrencies in the top 10 by market capitalization have experienced gains. The price of Solana soared by 13.2%, while Dogecoin rose by 11.4%.

The widely watched market sentiment indicator reached 28 points, which is still within the «fear» zone. Just a day earlier, this figure was at 23.

The upward trend resumed against the backdrop of the Federal Reserve’s conclusion of its quantitative tightening program. Traders are anticipating a reduction in the key interest rate on December 10, with the market assessing the likelihood of this scenario at 89.2%.

Additional support came from major financial institutions in the U.S., which increased their repurchase agreement (repo) operations, providing liquidity to the financial market.

Analyst Michael van de Poppe described the current recovery as a positive sign.

According to the analyst, for the rally to continue, the asset must stabilize above $92,000. Breaking through this level would pave the way for testing $100,000 and setting a new historical high.

Van de Poppe also noted that the recent correction was more significant than those triggered by the collapses of Luna, FTX, and the COVID-19 pandemic.

*»What if the decline was the final shakeout for Bitcoin? What if we are truly replicating the previous cycle—not in terms of time, but through precise price movements at several stages, albeit in a more elongated form?»* he pondered.

Shortly before this recovery, analyst Crazzyblockk from CryptoQuant emphasized that the crucial support zone for digital gold remains between $86,000 and $88,000.

A key benchmark is the realized price of highly active addresses ($86,574)—the average purchase price for wallets conducting more than 100 transactions per month. These experienced participants shape the short-term market dynamics.

*»This level has withstood 60 tests in recent months without breaking, making any breach particularly significant. […] Last year, Bitcoin spent 97.8% of the time above this mark, reflecting a consistent upward momentum,»* the expert noted.

Falling below $86,000 typically triggers a three-stage correction, as seen previously. First, the price dips to $80,000-$82,000, then drops to $75,000-$77,000. Complete capitulation drives the coin into the $70,000-$72,000 range.

*»Maintaining the $86,000-$88,000 zone will preserve the market structure,»* the analyst concluded.

Investor sentiment regarding Ethereum remains cautious. This is particularly evident in the derivatives market: positions in the cryptocurrency are contracted, indicating a lack of confidence among bulls.

The annual premium of monthly futures relative to the spot market has stalled at 3%, unchanged from the previous week. Values below 5% suggest little demand for leveraged long positions.

Put options on Ethereum are trading at a 6% premium to calls, indicating prevailing bearish sentiment. On November 28, this figure was neutral at 4%. This trend signifies persistent tension within the segment, contrasting with an increase in risk appetite in traditional markets.

Another alarming signal is the volume of network fees, which has fallen to a three-year low. The figure stood at $2.6 million for the week compared to $5.1 million a month ago.

This is partly due to a decrease in activity on decentralized exchanges (DEXs), with weekly trading volume dropping to $13.4 billion from an August peak of $36.2 billion.

Meanwhile, competitors like Tron and Solana have reported a 15% increase in transaction fees.

It’s worth noting that at the end of November, Ethereum whales who acquired coins during the ICO became active again.