Market activity Wednesday was characterized by mixed movements in the cryptocurrency market. While Bitcoin (BTC) continued its upward trend towards new highs, Ethereum (ETH) encountered resistance after an initial price surge. Analysts suggest the shift in momentum stems from increased DeFi applications and institutional investment driving this recent growth. The cryptocurrency landscape saw a mix of gains and losses across other major altcoins. Some coins struggled to hold key support levels while others experienced varying short-term trends. Overall market activity was notable, reflecting investor uncertainty regarding the next anticipated direction for price movement.