Bitcoin trader predicting potential bearish trend for Ethereum, providing insight on Ethereum's journey towards a bullish market.
Daily Hodl: April 25, 2025
Hot Topics: Bitcoin, Ethereum, Altcoins, Financeflux, Trading, NFTs, Blockchain, Futuremash, Regulators, Scams, Hacks & Breaches
Bitcoin, Ethereum Analysis: Bearish Overall for ETH, Bullish Possibilities for BTC
A trader who accurately predicted Bitcoin's bottom in 2022 warns Ethereum is looking bearish overall on the weekly chart. The analyst known as DonAlt suggests that Ethereum needs to reclaim the $2,000 level for a potential bullish reversal, with key support levels at approximately $1,670 and $1,540 on the daily chart.
Bitcoin is looking more promising if it can hold $90,000 as support on the weekly chart, potentially confirming a bullish trend. DonAlt mentioned that a close below $90,000 on the weekly would be quite scary.
At the time of writing, Ethereum is trading at $1,764, down 2.2%, and Bitcoin is trading at $93,506, flat on the day.
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- Ethereum's current bearish trend may continue unless it reclaims the $2,000 level, according to market analyst DonAlt, who predicted Bitcoin's bottom in 2022.
- Bitcoin's potential bullish trend might be confirmed if it manages to hold $90,000 as support on the weekly chart, as suggested by DonAlt.
- Richard Heart has emerged victorious in a court case with the SEC, marking a significant event in the cryptocurrency industry.
- Macro Guru Lyn Alden predicts Bitcoin will have "pretty good performance" in the coming months, but cautions that certain conditions should be considered before investing.
