The Bitcoin (BTC)
The price is hovering around $103,000, while the rally in stocks has lost its momentum, causing a slowdown in altcoins. Cryptocurrency investors have been anticipating this turnaround for months. As Ethereum (ETH) prices have seen a significant increase, the potential for further gains remains high, aligning with predictions from various analysts.
Forecasts for Altcoin Bull Market
Michael Poppe recently highlighted that ETH is nearing a critical threshold, indicating that if the rally gains momentum, altcoins could experience significant upward movements. A temporary dip may present a buying opportunity, but the reaction at the $2,233 level could push prices beyond $3,400.
Another analyst, Kyle, pointed out the potential damage to long positions due to a possible BTC price drop. Testing the $100,000 level may impact positions worth $3.4 billion, which could be painful for investors. However, the predominant issue of tariffs, which was impacting the cryptonews cycle, is reportedly being resolved, with mentions of upcoming agreements for South Korea and Japan in recent announcements.
Ethereum and Altcoins
Scott Melker offered a detailed analysis of the current market outlook, emphasizing that the environment remains dull – precisely what is needed according to him. Ethereum is still consolidating above its resistance, which signals strength, and as ETH establishes a base at higher levels, expectations grow stronger.
Furthermore, Scott noted how this dull phase is reminiscent of Bitcoin’s 2019-2020 period, characterized by a decline after the halving, noise, and then a large surge in price.
“Smart money accumulates in distress. Dumb money panics in silence.” – Melker
Examining the data, institutional demand remains at significant levels as many major companies delve into the cryptocurrency sector. Institutions are also conducting crypto experiments on Ether, with the RWA sector expected to reach trillions of dollars. Banks and large institutions view Ethereum’s network as a reliable infrastructure, explaining why there’s a long-term demand among institutionals.
“Short-term excitement is noisy. Long-term protocols are quiet. Let meme coins dance. Let ETH seem a bit boring. Once the fog clears, the significant capital will be here.”
