Bitcoiners smile again. The most important cryptocurrency exceeds the US $ s103,000 barrierits highest price since February. Global optimism, promoted by news of commercial agreements and the expectation around the US economy, is the tail wind that the crypto market needs to aim at new valuations.
The perspective includes other important and lagging assets. With a vigorous advance of more than 9% this Thursday, Ethereum is launched to the conquest of a crucial resistance in the US $ 2,000 brand. His most recent performance caused a reactivation of his traditional synchrony with Bitcoin, a pattern that iProUP He anticipated in his previous analysis.
Bitcoin, very close to its historic peak
Bitcoin’s recent climbing, catalyzed by the announcement Trump on a “complete and integral” commercial agreement with the United Kingdominjected a dose of trust in financial markets. This news, disseminated through its social truth platform, unleashed a renewed appetite for risk, benefiting assets such as cryptocurrencies.
“Immediately, we have Bitcoin breaking up, with a push that You can continue this upward movement to a resistance above US $ 105,000“, says A. iProUP Sebastián Serrano, CEO and founder of Ripio.
Analyst Enrique Nievas affirms iProUP that “the close correlation between traditional and cryptactive markets is undeniable: When economic stability is glimpsed on the horizon, risk assets tend to follow patterns similar to actions and bonds“.
A commercial agreement of this magnitude, which promises stability and growth, has the potential to boost both traditional bags and the crypto universe. “With Bitcoin, overcoming the US $ 100,000, the traders’ attention is now focused on the next level of resistance, close to US $ 105,000“says Nievas.
The crypto rebound: what will happen to Bitcoin and Ethereum
Another analysts, Iván Bolé, says that the bullish movement will not be exempt from corrections: “The context is positive for Bitcoin, with the prospects of new historical maximums that would be seen later in the year. “
“If the agreement with the United Kingdom is consolidated and other agreements in negotiation get strong advances, Bitcoin can reach new short -term historical maximum“Nievas coincides. The aforementioned condition is given, the expert projects Bitcoin in the US $125,000.
Serrano goes further and gets excited: “Bitcoin flirts with him decoupling and its fundamentals They are the same as always, but they become increasingly important. Institutional adoption, from companies to countries, does not stop growing and the United States advances in the creation of its Crypto strategic reserve. “
-The CEO of grass argues: “The combo is very stimulating, because he points out that we are facing a Change of time. In this new period, Bitcoin will be increasingly important. It is simple: a six -digit value is much more in line with that importance than one of five. “
Ethereum’s advance
In this context of global optimism, The look of investors also addresses Ether. After moving away from its maximum of 10 months, around US $ 4,100 in mid -December, ETH seems to have started a search to end its bassist tendency.
Ethereum’s cryptocurrency showed signs of strengthexceeding a six -month descending trend line around US $ 1,600 at the end of April, in a context of relief in global macroeconomic tensions.
Now, The question that resonates in the crypto community is whether this impulse, helped by the recent activation of the pertra update, it will be sufficient to boost ETH back to the coveted mark of the US $ 3,000.
Market expert Emiliano Luque points to iProUP what This breakdown of the trend is an upward indication, marking levels of US $ 2,000 YU $ S2.250 as key resistances to monitor in the short term.
For Luque, “An indicator that reinforces this upward feeling is the relative force index (RSI)which marked a notable increase in the last 24 hours, jumping from 56 to 66, which suggests a growing buyer impulse. “
Looking forward, The crucial levels to be overcome to consolidate a more robust bullish trend are found in the 100 -day SMA, near the US $ 2.200and the supply congestion zone between US $ 2,500 YU $ 2,800, where the 200 -day SMA also converges.
The decisive rupture of these barriers can pave the way for ETH resume your short -term objective to achieve US $ 3,000as several analysts anticipate.
Ethereum On-Chain metrics also paint a underlying strength. The network continues to lead the space of layer 1 blockchain in terms of total blocked value (TVL), reaching US $ 52.8 billion to May 8, an impressive increase of more than 41% in just 30 days.
In addition, they are observed Positive signs in the growth of deposits on digital liquidity platforms such as Blackrock Buidl, Spark and Ether.fi. The daily number of transactions in the Ethereum network also scored a 22% increase in the last month, exceeding US $ 1.34 million transactions.
