Crypto Bulls Charge: Ethereum and Bitcoin Shatter Resistance as Market Roars Back
Digital assets stage a blistering rally—ETH and BTC spearhead the charge while traditional finance scrambles to justify its 2% yield products.
The Big Two Flex Their Muscle
Bitcoin smashes through $70K like a hot knife through butter as Ethereum’s merge upgrades finally translate into price action. Meanwhile, Wall Street’s ’blockchain consultants’ suddenly remember they own cold wallets.
Altcoins Ride the Wave
From SOL to ADA, the entire crypto complex catches bid—proving once again that when the kings move, the court follows. Meme coins? Somehow still a thing.
This isn’t just a pump—it’s a full-blown market structure shift. Whether the suits like it or not, digital gold 2.0 is here to stay. Just don’t ask your bank about custody solutions yet.
Ethereum (ETH)
A strong connection exists between altcoins and Ethereum
$2,481, with a stable rise in ETH price positively impacting the broader cryptocurrency market. Maintaining ETH’s strength is crucial for channeling more liquidity into altcoins and sustaining the downward trend in Bitcoin
$102,563‘s market dominance. Michael Poppe emphasizes that the bull market is just beginning and sees significant upside potential for ETH.
Despite the bullish outlook, Poppe and other analysts caution that corrections are likely. Just as bearish trends experience intermittent rallies, bullish phases may involve occasional dips. Poppe suggests that the price range between $2,100 and $2,250 could be ideal for purchasing ETH, advocating “shallow corrections” as prime buying opportunities.
Bitcoin (BTC)
Recently, BTC’s price decreased to $100,718 before finding buyers at $102,400. The gradual decline, observed toward the close of the US markets, was linked to resistance levels triggering profit-taking. Kyle highlights the significant volume of BTC withdrawn from exchanges in a single day, underscoring the impact of a recent tariff agreement.
“Over $312 million worth of BTC was withdrawn from Binance. That equals 3,000 BTC in one day. This followed closely after the US-China tariff agreement. Major players are stirring. It’s not just geopolitics.”
On a further note, DaanCrypto predicts that BTC will appreciate against Gold over time.
“For BTC/GOLD, I anticipate a level above 37 in the upcoming months. Likely, gold will weaken further as the trade war cools. Such a level is crucial for continuity.”
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