Weekly Price Analysis: Market Recovers From Technical Selfoff.

Despite a broad drop in the market early last week, the crypto market bounced back as Bitcoin closed the week at $102,800. Bitcoin has now reached an all-time high of $106,000. Meanwhile, US spot crypto ETFs continue to post consecutive positive earnings days.

Bitcoin

Bitcoin hit a new high of $106,400 after last week's decline to $94,000.

From December 9 to December 13, $2.17 billion flowed into the top 10 US spot BTC ETFs.

The current price action shows Bitcoin breaking the previous high of $104,000 and trading at $104,500 after reaching a new high of $106,600.

The Fed's rate policy decision coming on December 18 could significantly affect price action. Expectations are bullish with more regulation heading into next year, which could negatively impact riskier assets like Bitcoin.

Price technicians favor the hawks as the price of Bitcoin could push lower to capture liquidity at the lows around $100,000.

Ethereum

The second largest crypto rebounded from a weekly low of $3,500 to a high of $4,000. Unlike Bitcoin, it did not break the previous high created at the $4,100 level.

Meanwhile, Ethereum spot ETF inflows remained positive throughout the past week, totaling $854.8 million.

Ethereum is trading at $3,950 at the time of publication.

Solana

Unlike Bitcoin and Ethereum, which have rebounded since last week, Solana's price has declined as it failed to close above $260 on a daily basis.

Price action on intermediate time frames (H4/H1) shows rejection and selling from local supply zones which may continue up to reasonable demand zone at $160. Solana price should break above $247 on H4 and eventually close above the all-time high on the daily timeframe.

Solana is trading at $214 at press time.

Ripple

Ripple's price action has been surprisingly bullish following legal victories and expected changes to the US regulatory landscape. The crypto surpassed its previous all-time high of $1.99 and established a new ATH of $2.90 on December 3.

The most recent price action shows a retracement from the high as price formed a new local supply zone, rejected and sold from it. A continuation of the current trend would take prices above the $1.90 level, while a reversal would see the price break above $2.65.

Ripple is trading at $2.36 at press time.