Ethereum is struggling with resistance in the form of the 50 -day mobile average almost $ 1,800 for the sixth day. Over the past two years, ETH has strongly reacted to the movements around this curve: accelerating the gains during the rupture above and facing significant pressure by falling below. At the same time, there is a test of the resistance line of the descending channel, in which the movement takes place since the second half of December.
Crypto news
QCP Capital noted that the Bitcoin options market is currently dominated by call options with additional $ 95,000 prices for the end of April and May, which suggests that risk appetite remains solid. Meanwhile, President Trump softened his position last week, reassuring investors about the position of the president of the Fed, Powell, and announcing plans to reduce prices on Chinese products.
Bitcoin could reach $ 2.4 million by the end of 2030 in the middle of the growing adoption of the assets by institutions and sovereign funds, Ark Invest forecast in its Haussier scenario. BTC will reach $ 1.2 million in the benchmark scenario and $ 500,000 in the downward scenario. The analysis is based on target total market calculations (TAM), the penetration rate and the issue of the first cryptocurrency.
The year 2025 could be a revolutionary year in the institutional adoption of blockchain technology, stablecoins being one of the engines. Citigroup plans that their capitalization by 2030 could reach $ 1.6 billion in a basic scenario and 3.7 billions of dollars in a bullish scenario.
