Cryptocurrencies Price Prediction: Ethereum, Virtual & Bitcoin – Asian Wrap 28 May

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP show early signs of exhaustion

Ethereum price retested and found support around its 200-day Exponential Moving Average (EMA) at $2,451 on Sunday, and it recovered 5% by Tuesday. At the time of writing on Wednesday, it trades at around $2,640, nearing its key resistance level at $2,724. If ETH faces rejection from its daily level at $2,724 and closes below its 200-day EMA, it could extend the decline to retest its next support level at $2,247, its 50-day EMA.

Top Gainers VIRTUALS, CAKE, INJ: Altcoins soar with new features and trading volume surge

The broader cryptocurrency market maintains an upbeat trend with altcoins leading the recovery as Bitcoin (BTC) takes a breather at $108k. Top gainers, such as Virtuals Protocol (VIRTUAL), PancakeSwap (CAKE), and Injective Protocol (INJ), dominate the chart, driven by either feature upgrades or a surge in the platform’s trading volume. Virtuals Protocol announced the TP cooldown history feature live as part of a new genesis update, providing more transparency and context to suppression points while offering reasons to help Virgens understand their cooldown status.

Bitcoin hints at a sustainable rally following institutional and whale accumulation

Bitcoin (BTC) traded at $109,880 on Tuesday as whales doubled down on the recent price correction despite a lack of growth in key metrics. Bitcoin's recent rally was driven by increased institutional and whale accumulation over the past week, resulting in $2.9 billion in inflows into US spot Bitcoin exchange-traded funds (ETFs).