Bitcoin Price Rebounds From $38.5k But Ethereum (ETH) Lags – BLUR, SUI Remain In Focus, WIF Soars 50%

Bitcoin price is finally showing a slight recovery after experiencing a brutal downtrend in the last two weeks. However, the Ethereum (ETH) price remains weak as the biggest altcoin fails to catch any significant bids.

BTC price dipped to $38,500 on Tuesday as many bulls capitulated. However, the buying pressure inside the key demand zone pushed the price above $40,200 close to the end of the day.

After a brief correction, BTC is changing hands at $39,869 on Wednesday morning. Most analysts expect more downside for the most valuable cryptocurrency, but nobody is ruling out the possibility of a deadcat bounce after such an intense sell-off.

One altcoin that has caught everyone's attention in the last couple of days is SUI. Despite an across-the-board sell-off in digital assets, SUI price is still performing very well. Although it retested the major level of $1 on its chart on Monday, the dip was short-lived as the price had a strong rebound. At the time of writing, the altcoin is trading 20% above that level.

WIF Price Surprises Everyone With A 50% Surge

Dogwifhat (WIF) is another coin that is catching a lot of bids these days. The Solana-based memecoin is giving the likes of BONK and Floki Inu a run for their money after a 50% surge in the last two days. As a result, all eyes are now on the retest of the $0.346 resistance from which the price dropped below on Sunday.

BLUR Price Breaks $0.65 Resistance

Another leading coin in the last 24 hrs is BLUR  which has broken above the key level of $0.65 on its chart. This level had been acting as a resistance for the past couple of weeks. If BLUR price flips this level into support, the next target could be $0.735, which is the monthly high.

SUI Eyes Another 20% Upside

As mentioned earlier, SUI has been one of the best performers in the last two weeks. SUI price has formed a higher high on the 4H chart which is a sign of huge strength. This puts the likelihood of another move toward the recent peak of $1.45 on the cards.