Ethereum and Ripple break through key resistance levels amid news of SEC chairman’s resignation

The main digital assets Bitcoin BTC $98,921.50 Bitcoin 1.92% Market capitalization $1.96 trillion VOL. 24 hours $4.95 billion , Ethereum ETH $3,305.08 Bridged Ether (StarkGate) -0.23% Market capitalization $0.28 billion VOL. 24 hours $2.22 billion , and Ripplehave exceeded the main resistance levels and are showing rapid growth. This may be due to the news of the possible resignation of Gary Gensler, chairman of the US Securities and Exchange Commission (SEC).

Ethereum reportedly rose 9% on Thursday and continued to strengthen its position, reaching $ 3,420 on Friday.

The price is approaching a key resistance level at $ 3,454. If ETH manages to overcome this level, experts predict further growth to $ 4,000.

At the time of writing, the Ethereum rate reached $ 3,373, the market capitalization is $ 406.29 billion, and daily sales reached $ 51.74 billion.

The RSI indicator for Ethereum is 68, which indicates that the uptrend is continuing, although the risk of a short-term pullback remains. In the event of a correction, the price could return to support at $ 3,000.Meanwhile, the price of Ripple rose by 13% on Thursday and another 12% on Friday, breaking through the resistance level of $ 1.37. Experts say that XRP could reach a three-year high of $ 1.96 if it consolidates above this level.

At the time of writing, Ripple’s exchange rate reached $ 1.38, its market capitalization is $ 78.58 billion, and daily sales reached $ 17.20 billion.

However, the RSI for Ripple is at 89, which also indicates that the asset is overbought and a correction is possible. In the event of a pullback, the price could fall to the psychological level of $ 1.00.Bitcoin rose 10% over the week, setting a new record of $ 99,299. Despite the growth, analysts warn of a possible correction due to the high values of the Relative Strength Index (RSI), which reached 82, signaling an overbought market.

In case of a pullback, the price could drop to $ 90,000.

The growth of the major cryptocurrencies was the result of both market expectations and global regulatory changes. Experts believe that this is only the beginning of a new stage in the development of the crypto industry.