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At the time of writing, the leading cryptocurrency is trading at $101,200, marking a quiet yet substantial rise after a period of decline. Bitcoin (BTC) 
$105,659 prices have gradually recovered, reclaiming six-digit levels after three months. However, more upward movement is necessary, especially in the wake of Ethereum 
$2,550’s (ETH) double-digit growth, which holds significant implications for the market.
Rise of Cryptocurrencies
The decline that accelerated around February due to tariff announcements had triggered concerns of a new bottom near $65,000. However, the situation shifted after Trump signed the initial tariff agreement, indicating his willingness to compromise by lifting chip restrictions and signing the Ukraine mineral agreement. This indicated major signs that both the hot conflict and trade war might come to an end.
Cryptocurrencies are undeniably returning to form. If the week closes at levels similar to today’s, May could be significantly more impactful. Market forecasts for this year have been revised upward. The Kobeissi Letter reported that Bitcoin has made a comeback, with median expectations predicting a rise to $124,000 by 2025—representing a 24% increase from current levels and a rise of over 30% from its lowest points.
Ethereum (ETH)
The overall recovery of altcoins is dependent on ETH regaining its former strength. Many cryptocurrencies are directly linked to it, and more importantly, for BTC market dominance to see its peak, the ETHBTC pair must rapidly recover. DaanCrypto expressed satisfaction with the situation and advised investors to be prepared, sharing a graph to support his statements.
As ETH shorts continue to get squeezed upwards, an old favorable price movement is being observed. Be ready for a major move, as such market environments typically end drastically with a large upwards wick before cooling down. However, be cautious about this trend line breaking. Trump is also scheduled to speak today, which adds uncertainty to what might unfold. Volatility is expected to rise.
Ali Martinez identified the key level for ETH’s rise at a crucial cost point of $2,380. Once closures above this level begin to appear, it may indicate the onset of bull markets.
