$BTC Bitcoin and Ethereum prices slightly decline, but forecasts remain optimistic

The cryptocurrency market recorded a slight drop today, with the price of Bitcoin around 103,984 USD and the price of Ethereum hovering near 2,528 USD. Despite the decline, the overall sentiment remains cautiously optimistic. For traders watching BTC to USD, key support is located near 100,000 USD, while growth targets reach as high as 122,749 USD according to the latest Bitcoin price forecasting models. Similarly, ETH to BRL continues to show resilience as the Brazilian market increasingly engages in Ethereum-related trading.

Short-term technical indicators suggest mixed momentum, but analysts believe this consolidation phase may lay the groundwork for a stronger rebound. The current Ethereum price forecast suggests a short-term increase to around 2,736 USD, with the potential to return to the 3,000 USD zone if market sentiment improves. Meanwhile, macroeconomic factors and ETF inflows are expected to influence Bitcoin's trajectory in the coming weeks.

Both assets remain key indicators of the health of the cryptocurrency market. With increasing institutional interest and a potential altcoin season, traders should closely monitor support and resistance levels. Whether tracking BTC to USD or ETH to BRL, staying updated on the price movements of Bitcoin and Ethereum is crucial for making informed trading decisions.