Cryptocurrencies Rebound: Bitcoin and Ethereum Lead the Way
Bitcoin continued its steady rise on Wednesday, trading at $77,249 after a mild correction the previous day. Despite this pullback, BTC maintains a bullish near-term bias as it holds well above key Exponential Moving Averages (EMAs). These averages are clustered between roughly $69,300 and $72,400.
Uniswap also showed strong gains, trading around $5.83 on Wednesday with five consecutive days of increases. UNI remains bullish in the short term as it holds above its 50-, 100-, and 200-day EMAs, clustered between roughly $3.80 and $4.10.
Ethereum (ETH) continues its recovery from a nearly 70% drop spanning October to June, holding above $2,400 on Tuesday after recording a 32.5% gain in August, its best-performing month since July 2025. This marks two consecutive positive months for the top altcoin.