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Trump claims he will facilitate interest rate cuts while Lummis takes charge of the crypto asset committee. Senator Lummis urges for a strategic Bitcoin 
$103,762 reserve as the SEC has already begun working on cryptocurrency regulations. Although many market participants remain unaware, a new era based on solid fundamentals is beginning for cryptocurrencies. The pressing question remains: what will the price of ETH be?
Ethereum Bull Target
As of the time of writing, the ETH price has been stagnant around $3,250. A look at recent months reveals that the ETH price frequently hovers near $3,300. This has led some to label it a stablecoin due to its lack of movement. However, similar dull periods have been seen in the past.
Analyst Mikybull notes that the support for ETH is rising and we are heading towards a peak target:
“A rally that will take ETH to $12,000 is loading. The chart gives us a glimpse into the future. All we need is patience.”
Altcoin Bull Market
For a genuine rally in altcoins, BTC’s market dominance must weaken. This requires ETH’s supremacy to rise alongside its price. Satoshi Nakamoto’s ideals seem forgotten as everyone anticipates the day altcoins rise and generate profits. The recent fluctuations in search results suggest a wave of new investors may be entering the market.
Moustache shares his thoughts on altcoins:
“Most believe they are already finished. This is exactly the sentiment we need. It was the same before the Alt-Season in 2017 and again in 2021. Yes, you’re right, altcoins are dead, haha. An epic altcoin bull market is loading.”
Michael Poppe shares his predictions regarding SUI Coin as he returns to altcoin analysis. He typically prepares for a movement like this.
“There’s a simple structure here. Hold above $4, and let’s see $6. If we lose this, the entire structure collapses.”
Meanwhile, on January 29, the Fed will announce its first interest rate decision of the year. Market expectations indicate a nearly 100% likelihood of rates being held steady. However, 66% anticipate a cut in June. Despite Trump’s recent insistence on rate cuts, this remains the current situation. To see more excitement in risk markets, we need to witness a drop in interest rates.
