Cryptocurrencies Price Prediction: Bitcoin, Ethereum & PancakeSwap

Cryptocurrency Price Forecast: Pancake, Ethereum, and BitcoinExchange — US Wrap

There is a glimmer of hope for Ethereum's price recovery as ETF approval approaches.

After a week of consolidation, Ethereum (ETH) started to show signs of life on Monday, momentarily trading at $3,460. The largest altcoin's recent whale activity and JP Morgan's optimistic stance about the approval of an ETH ETF may be the cause of this comeback.

One-hour graph of ETH/USDT

Bitcoin/USD forecast: Bulls take back the initiative and aim to retest the recent record high.

On Monday, fresh bulls broke over the key $70000 level and the Fibo barrier at $70735 (76.4% retracement of the $73839/$60688 fall), sending bitcoin surging nearly 5% higher and reaching its highest level since March 14.

After Monday's rebound crested at $72750, a new record high of $73839 came into focus, adding to the growing signals of the end of the corrective phase.

Price of PancakeSwap rises after DEX burns $35 million worth of CAKE tokens.

A burn of 8,703,247 CAKE was disclosed by PancakeSwap (CAKE) on Monday, removing $35 million worth of DeFi tokens from circulation. The asset saw gains as a result of the DEX's action. PancakeSwap's significant announcement of a partnership with Stryke is perhaps another factor boosting the DEX's native token's value. CUPS