With the easing of global tensions, the price of Bitcoin (BTC) 
$103,719 has started to rise again, leading to optimism about a strong altcoin rally in May. Key data is expected to be released tomorrow, which could further impact the market. The focus is now on whether BTC can maintain its position above $97,000, a crucial level for sustaining the upward momentum. In this climate, investors are closely watching the potential movements of Ethereum 
$2,443, XRP, and ADA Coin, which have shown weak performance in recent times.
Ethereum (ETH)
An important network update for Ethereum is scheduled for this month. However, the Ethereum price has been unresponsive to network developments for quite some time. Historically, such prolonged weak performance is uncommon. Currently, the ETHBTC pair has reached a historical low, and a recovery has yet to begin from this point.
If the BTC price remains strong and concerns about new lows disappear, this could herald the beginning of a long-awaited rise for altcoins, led by Ethereum. Although ETH is above the critical $1,820 threshold, it still needs to break past the $1,940 and $2,100 resistance levels to gain substantial momentum.
Investors are hopeful that these resistance levels will be surpassed throughout May, paving the way for further upward movement towards $2,500. Previous analyses indicated that $2,375 was a promising starting point for a rebound, while a breakout is expected at $2,743.
ADA Coin and XRP
Benefiting from positive developments in the U.S. market, ADA Coin could reclaim its psychological support of $1 this month. After regaining the $0.7 support, the current target range is between $0.77 and $0.83. Strong buyer presence in this zone will suggest a clear emergence of medium-term bullish sentiment.
As previously stated, closing below $0.7 could lead to tests near the $0.66 base level.
With the new SEC Chairman officially in office and the lawsuit concluded, there is significant support for XRP Coin, particularly with the CME futures listing scheduled for May 19. These developments reinforce XRP Coin’s strength. A reestablished price above $2.35 could potentially push it towards the $2.73 to $3.22 range.
