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In recent days, the cryptocurrency market has received several positive tidings, leading to reduced global uncertainty. Notably, Bloomberg has just reported that Coinbase is preparing to enter the S&P 500 index. The increasing demand for crypto companies is expected to bolster liquidity across the sector. A pressing question emerges: will the ascent observed in altcoins continue? The prospects look promising, but several factors could influence future trends.
Ethereum (ETH)
A strong connection exists between altcoins and Ethereum 
$2,660, 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 
$110,666‘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 Kyle highlights the significant volume of BTC withdrawn from exchanges in a single day, underscoring the impact of a recent tariff agreement.
“Over $312 million worth of BTC was withdrawn from Binance.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.”
