Below is a detailed update on three cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and BNB (Binance Coin) as of May 2, 2025, including current prices, technical analysis and trading strategies.
📈 Bitcoin (BTC)
Current price: $97,057
24h volatility: Increase of 0.4%
24h trading volume: $26.63 billion
Market capitalization: $1.927 trillion
Circulating supply: 19.86 million BTC
🔍 Technical analysis
Resistance: $97,500, $100,000, $104,000
Support: $95,000, $92,000, $89,000
BTC is maintaining an upward trend, with the nearest resistance level at $97,500. If it surpasses this level, the price could target $100,000.
🧭 Trading strategy
Spot:
Entry range: $95,000 – $96,000
Stop loss (SL): $92,000
Take profit (TP): $100,000 – $104,000
Futures:
Consider trading with low leverage as the market is near an important resistance level.
📉 Ethereum (ETH)
Current price: $1,845.03
24h volatility: Decrease of 0.02%
24h trading volume: $13.55 billion
Market capitalization: $222.53 billion
Circulating supply: 120.73 million ETH
🔍 Technical analysis
Resistance: $1,861, $1,880, $1,920
Support: $1,800, $1,720, $1,700
ETH is trading near a strong resistance level at $1,861. If it surpasses this level, the price could target $1,880 or higher.
🧭 Trading strategy
Spot:
Entry range: $1,800 – $1,820
Stop loss (SL): $1,720
Take profit (TP): $1,880 – $1,920
Futures:
Consider trading with low leverage as the market is near an important resistance level.
📊 BNB (Binance Coin)
Current price: $600.42
24h volatility: Decrease of 0.007%
24h trading volume: Information not available
Market capitalization: Information not available
24h trading volume: $1.44 billion
Market capitalization: $84.61 billion
Circulating supply: 140.89 million BNB
🔍 Technical analysis
Resistance: $610, $653.5, $700
Support: $600, $580, $566
BNB is trading near a strong support level at $600. If it holds this level, the price could recover towards $610 or higher.
🧭 Trading strategy
Spot:
Entry range: $590 – $600
Stop loss (SL): $580
Take profit (TP): $610 – $650
Futures:
Consider trading with low leverage as the market is near an important support level.
Summary of notable information from the past 24h:
BTC: Large organizations like MicroStrategy have just purchased an additional 1,000 BTC. The strong upward momentum continues due to FOMO sentiment.
ETH: Vitalik has made a new statement about ETH 2.0 and gas fee improvements, boosting price increase expectations.
BNB: Binance announces the completion of the latest quarterly coin burn, helping to reduce supply and increase buying pressure.
Note: The information above is for reference only and is not investment advice. Investors should do their own research and consider risks before making transactions.