Ethereum is required above $3,500 to validate the rest of the journey to $3,600 and later $4,000.
Dogecoin rallies to $0.25 but needs to stay above the 100-day SMA to avoid potential correction and keep the uptrend intact.
Crypto assets are on an upward roll this week following recoveries that took place last week. As reported, Bitcoin is on the brink of stepping above $50,000 for the first time since September 6, a move that could quickly close the gap to $55,000.
Similarly, most cryptocurrencies are in the green, with Dogecoin rallying the most among the top ten. The meme-based coin is up 12.5% to trade at $0.24. Other best performing altcoins include Terra (up 7.5%), Internet Computer (up 13.8%), and Shiba Inu (up 66.5%) in the last 24 hours.
Ethereum:-
Ethereum is holding above the 50-day Simple Moving Average (SMA) after encountering a barrier at $3,500 on Sunday. The pioneer smart contract token gained traction from areas under $3,000 on Friday amid a generally bullish market.
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