The cryptocurrency market remains relatively stable, with Bitcoin $103,482 hovering around its current value as U.S. markets are closed for the holiday. Recently, Trump has made headlines by suggesting a potential dismissal of Powell, pushing for lower interest rates. This has prompted questions regarding the latest forecasts for ETH, BTC, FET, and various altcoins in the last few hours.
Ethereum and FET Coin Analysis
Ethereum (ETH) $2,462, the largest altcoin by market capitalization, continues to linger below $1,600. The Ether chart serves as a significant indicator for assessing the overall condition of altcoins. Although Bitcoin’s price has not strayed far from its all-time high, it remains stagnant at low levels.
Historical data suggests that a general upswing led by ETH should commence shortly. The resolution of trade tensions will serve as a macroeconomic trigger for this rise. Mister, in his latest assessment, referenced the strong performance in the second quarter as a sign that the time is ripe for ETH.
“Average $ETH return in the second quarter is 58%. We have waited long enough; it’s rally time!”
Crypto Tony remarked that he could consider purchasing FET Coin above the $0.55 mark. He emphasized the need for this area to be regained before making any bold moves, stating that a recovery would initiate upon breaking through this threshold.
Altcoin and Bitcoin Commentary
Titan of Crypto has maintained an optimistic stance amid ongoing declines, continuing to signal hope for an upward trend. His recent evaluation, delivered about an hour ago, reiterated a potential bullish signal.
“During such times, it’s wise to keep the macro graph in mind. I still believe this cycle is significantly larger than previous ones, and everything looks promising so far. There’s a fantastic retest in the 2W chart (total market cap).”
The emergence of a golden cross for Bitcoin has also been pointed out as a bullish signal.
“BTC remains below the Kumo Cloud and has yet to break through. However, the formation of a Golden Cross, while not an outright buy signal, indicates a potential shift in momentum. Today is ‘Good Friday,’ with traditional markets closed, which could trigger unexpected volatility due to low liquidity.”