The cryptocurrency market is witnessing notable price movements, with Ethereum (ETH) and Bitcoin (BTC) taking center stage. Ethereum, currently trading at $3,787, has seen a slight 0.6% increase in the last 24 hours, while Bitcoin has broken through the $70,000 level for the first time in over a month.

The ETH/BTC trading pair is experiencing downward pressure as Bitcoin's price momentum strengthens. Ethereum's price has fallen from its consolidation region and is moving towards the 50% Fibonacci retracement level, which is expected to act as a support zone. However, resistance levels may pose challenges, and support around 0.052 BTC could prevent further declines.

On the other hand, Bitcoin's bullish breakout from a descending triangle formation has poised it for further growth. The profit target for this breakout formation is around $74,000, which could lead to a new all-time high for Bitcoin. While resistance levels may challenge this upward momentum, significant support at $67,000 could help maintain the pace.

As the Ethereum community awaits the approval of the S-1 filing, Bitcoin continues to lead in mass adoption. El Salvador, known as the 'Bitcoin State,' holds over $402 million worth of BTC, while the University of Texas at Austin has announced it will accept Bitcoin for tuition and establish a long-term Bitcoin fund. In the Ethereum ecosystem, liquid staking and restaking are gaining traction, bringing more liquidity to the system and potentially driving up ETH's price.

In conclusion, the cryptocurrency market is witnessing significant price movements, with Ethereum and Bitcoin showing notable trends. As the market continues to evolve, investors and enthusiasts alike are eagerly watching the developments, hoping for a potential milestone of $10,000 for Ethereum and a new all-time high for Bitcoin.