Ethereum’s recent surge to $2,826 quickly retraced to $2,700, raising concerns about the sustainability of its rally. Despite a record low supply on exchanges and increased whale holdings, traders are cautious, noting a lack of strong demand and a potential test of lower levels before any upward movement. Meanwhile, significant inflows into U.S. Spot Ethereum ETFs and a spike in large transaction volumes indicate growing interest, even as daily active addresses decline.
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0 in Finance and 0 in Crypto last weekBitcoin Reaches New All Time High Amid Market Volatility and Predictions
Bitcoin has entered a second ‘Price Discovery Uptrend’ following a surge to a new all-time high of $109,588, driven by bullish market sentiment and recent developments in the crypto space. Analysts predict potential volatility influenced by comments from the new US President, with expectations of a breakout above the $106,000 resistance level. Despite a recent correction, the long-term outlook remains optimistic, with targets set as high as $140,000.
about Bitcoin Reaches New All Time High Amid Market Volatility and PredictionsBitcoin Price Predictions and Market Trends for 2025 Bull Run
Bitcoin is currently experiencing a recovery, trading around $97,000 after a brief dip below key support levels. Analysts predict that the cryptocurrency will enter a bullish phase in 2025, with expectations of a peak this year before a significant bear market next year, potentially dropping 65% to 80%. The market’s performance in Q1 is anticipated to be positive, with a potential breakout above $98,000 signaling a run towards all-time highs.
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