Ethereum Bear Trap Confirmed as Bitcoin Tests Weekly High, XRP Aims for $2.30 Resistance

The cryptocurrency market is showing dynamic movement as key assets test crucial levels. Ethereum (ETH) has confirmed a classic 'bear trap' pattern on its charts, signaling a potential bullish reversal after a period of consolidation. This technical setup often precedes a significant upward move, catching pessimistic traders off guard. Simultaneously, Bitcoin (BTC) is probing its weekly high from last Friday, demonstrating renewed strength and buyer interest near the $68,000 mark. A sustained break above this level could open the path for further gains. Meanwhile, XRP is capturing attention as it eyes a major resistance hurdle at $2.30. Overcoming this price barrier is seen as critical for the asset to enter a new bullish phase and potentially target higher valuations. Market analysts are closely watching these developments, which indicate heightened volatility and key decision points for major cryptocurrencies.