Weekly Analysis: BTC, ETH, ICP, INJ, LDO

With the SEC recently pushing forward its spot Ethereum ETF approval, markets have reacted to the growing anticipation as investors await the final decisions.

Bitcoin price analysis

Bitcoin (BTC) posted mild gains from its previous seven-day price. As of press time, the Bitcoin price stood at $42.4K, representing a pump of 1.5% in the last seven days. The market cap stood at $831 billion.

Looking at weekly charts, the Relative Strength Index indicator is now moving north as it approaches the overbought region, showing that bulls had control of the crypto king over the period. The MACD indicator is, however, reverting towards the red zone, indicating bear sentiment as well on the Bitcoin price over the Seven days.

Ethereum Price Prediction

Ethereum (ETH) has failed to post gains from its previous seven-day price. As of press time, the Ethereum price stood at $2279K, representing a pump of 7.8% in the last seven days. The market cap stood at $274 billion.

Looking at weekly charts, the Relative Strength Index indicator is now moving south as it exits the overbought region, showing that bears had control of the crypto king over the period. The MACD indicator is also reverting towards the red zone, indicating bear sentiment as well on the Ethereum price over the Seven days.

Internet Computer Price Analysis

Internet Computer (ICP) is one of the top gainers this week. As of press time, the Internet Computer price stood at $12.6K, representing a pump of 12% in the last seven days. The market cap stood at $5.7 billion.

Looking at weekly charts, the Relative Strength Index indicator is now moving north as it approaches the overbought region, showing that bulls had control of the crypto king over the period. The MACD indicator is, however, reverting towards the red zone, indicating bear sentiment as well on the Internet Computer price over the Seven days as bulls and bears struggle for dominance.

Injective Price Analysis

Injective (INJ) is our second gainer of the week. As of press time, the Injective price stood at $38.02K, representing a pump of 5.4% in the last seven days. The market cap stood at $5.7 billion.

Looking at weekly charts, the Relative Strength Index indicator is now moving north as it approaches the overbought region, showing that bulls had control of INJ over the period. The MACD indicator is, however, reverting towards the red zone, indicating bear sentiment as well on the Injective price over the period.

Lido DAO Price Analysis

Lido DAO (LDO) is our last gainer of the week. As of press time, the Lido DAO price stood at $3.15, representing a pump of  7.7% in the last seven days. The market cap stood at $2.8 billion.

Looking at weekly charts, the Relative Strength Index indicator is now moving north as it moves in the overbought region, showing that bulls had control of the Lido DAO price. The MACD indicator is, however, reverting towards the red zone, indicating bear sentiment as well on the Lido DAO price over the Seven days.