In the last hour, several comments from both Federal Reserve members and former President Trump were observed. The cryptocurrency market remains volatile, with Bitcoin 
$77,710 maintaining a position above $119,000 and Ethereum 
$2,317 running towards new highs past $4,400. For a more robust rally in altcoins, Ethereum’s steady rise is essential. What do the market analysts predict and what is the stance of Fed members on this phenomenon?
Ethereum Technical Analysis
Recently, analyst Jelle discussed a significant breakthrough in Ethereum’s technical analysis, stating that a key phase of the breakout is now behind us. Ethereum has initiated an upward breakout and is currently finding buyers above a critical region. According to Jelle, the price is now entering a discovery phase, suggesting that reaching and surpassing $5,000 should happen rapidly. With ETF inflows exceeding $1 billion and two public companies awaiting action on nearly $30 billion in Ethereum reserves, this underscores the market dynamics at play.
“ETH has left the megaphone structure and continues to rise. Real resistance is gone. Let the price discovery begin.” – Jelle
Current Views on Cryptocurrencies
As the report was being prepared, Fed member Schmid stated the necessity to avoid interest rate cuts. Despite statements from five Fed members in favor of cuts, there are members like Schmid who oppose them. Schmid mentioned that growth is steadfast, while inflation remains notably high. He suggested that the limited impact of tariffs on inflation implies that it is appropriate to maintain a moderately restrictive policy stance rather than using them as a premise for rate cuts.
“Growth remains solid and inflation is still too high. The limited impact of tariffs on inflation seems evident. Maintaining a moderately restrictive policy direction is appropriate for now.”
Meanwhile, Fed member Barkin recently concluded his remarks noting that a more serious contraction would be necessary to shake the economy. He indicated that the balance of risks in employment and inflation remains uncertain, with spending robust yet consumers wearied by high prices. In parallel, Trump described how tariffs brought billions to the country, aiding the economy.
Shifting focus to altcoins, analyst Ali Martinez sees a buy signal for SEI Coin. He observed that the TD Sequential has been providing favorable signals over the past two weeks, advocating that the indicator’s current “buy” alert suggests potential gains for SEI Coin.
Furthermore, Miles Deutscher shared the BTC/M2 graph, deemed a vital indicator for the overall crypto market. While previously not considered as much, he explained that M2 money supply has markedly increased, and Bitcoin is mirroring this trend effectively, hinting at potential further upsides for Bitcoin and the broader crypto market.
