Bitcoin (BTC) has recently achieved a record high, surpassing $110,000, driven by increased institutional interest and favorable regulatory developments . Short-term forecasts suggest continued upward momentum, with projections indicating a potential rise to approximately $112,411 by early June . Technical indicators, such as the formation of a "golden cross," support this bullish outlook . However, analysts caution that the current rising wedge pattern and overbought signals may lead to a price correction. Key support levels to monitor include $107,000, $100,000, and $92,000, which could serve as potential entry points in the event of a pullback.

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Bitcoin (BTC)

$109,638.00

+$2,147.00

(+2.00%)

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1:55 PM

Ethereum (ETH) is currently trading around $2,547.67, showing a modest gain of 1.57% on the day. The cryptocurrency has been moving sideways near the $2,500 level after nearly doubling from its April lows, indicating a potential pause in its uptrend .

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Recent bullish momentum has been fueled by strong ETF inflows and increased trading volume, with ETH rebounding from a key support level at $2,477 . Analysts suggest that if Ethereum maintains support above $2,550, it could target the $2,750–$2,875 range in the near term . A breakout above $2,900 might pave the way for a challenge of the $3,000 mark, especially if macroeconomic conditions remain favorable .

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