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The cryptocurrency market is experiencing a mild surge unseen for some time. If the U.S. markets remain supportive, we may witness a much-anticipated rise this weekend. The SEC has started taking concrete steps regarding cryptocurrency lawsuits, easing concerns for altcoins and strengthening the potential promise of the U.S. as a crypto capital. What are the forecasts for AVAX, Ethereum 
$2,578, and the overall cryptocurrency landscape?
Insights on AVAX and Ethereum
BTC price is currently hovering around $99,300, with altcoins continuing their weak yet upward trajectory. We have entered the second half of the first quarter, a historically favorable time for cryptocurrency increases. This suggests that we should expect a genuine rise in the markets in the upcoming weeks without further delays.
In today’s market analysis, Carl Moon highlighted a specific setup in the AVAX chart, sharing his target levels.
“AVAX could definitely skyrocket in this altcoin season! Once we break out of this descending wedge, the first target is $59.50.”
AVAX is experiencing a 7% increase, benefiting from a favorable market environment while BTC stabilizes around $99,300.
Trader Tardigrade predicts that Ethereum will return to $4,000, citing strong bullish signals from the daily MACD data.
“Ethereum will soon return to $4000. The MACD on the daily chart indicates a Bullish Cross. The pullback in the 0-0.333 range is complete. ETH will bounce back to the 0.666-1 area.”
General Crypto Market Observations
The total transaction volume for cryptocurrencies has once again reached the $100 billion threshold, with the overall crypto market value increasing by 2.6%. Ethereum has outperformed Bitcoin 
$105,537 in weekly gains, and maintaining its position above $2,800 is crucial for future performance. The fear index stands at 42, indicating enough room for further upward movement.
Interest in nonsensical crypto gambling ventures on the Solana 
$176 network has diminished, leading investors back to altcoins on centralized exchanges. Additionally, the pace of new token creation has slowed down. Approximately 11.72 million tokens, deemed useless and consigned to history’s dustbin, should be left behind.
Crypto analyst Yoddha, who shared the above chart, believes a new upward phase in altcoins has begun. Following a tedious period, the previous peak of 2021 is being decisively surpassed, and this is his prediction.
