Ethereum Joins the Rally: $3,500 in Sight

Bitcoin is nearing a historic milestone: $100,000, its first six-digit valuation.

This isn’t just a number—it reflects Bitcoin's growing legitimacy, adoption as a store of value, and integration into global markets.

Is this the start of another bullish phase, or time to consolidate? Let’s explore the key scenarios and levels.

7 Days Heatmap

‍The crypto market remains extremely bullish, with BTC leading the way by surging over 13% this week. All altcoins followed their "mother," BTC, with ETH up by more than 7%.

7 days crypto heatmap showing extreme bullish sentiment with BTC up by 13% and ETH by +7.36%. — *Crypto Heatmap 7-Days*

BTC Analysis

‍BTC doesn’t seem to be taking a break, steadily growing over the past couple of months as per our latest market outlook.

Lately, BTC has been trading within a rising channel marked in green, and it is currently nearing the upper boundary of the channel, which intersects with the $100,000 mark.

BTC 1h chart overall bullish trading within a rising channel and approaching the $100,000 mark. — *BTC Chart - 1H Timeframe*

If the $100,000 level is broken to the upside, further gains toward $120,000 can be expected.

Meanwhile, if a correction occurs after breaking below the $98,000 minor low, a move toward the $94,000 support structure is anticipated, where we would look for trend-following long positions.

ETH Analysis

‍ETH followed our last market outlook update by breaking above the $3,220 structure marked in red.

As long as $3,220 holds, a bullish continuation toward the $3,500–$3,600 zone is highly likely.

ETH 4h chart overall bullish medium-term after breaking the $3,220 structure and currently nearing the $3,500 resistance level. — *ETH Chart - 4H Timeframe*

In parallel, if the red structure is broken to the downside, a deeper correction toward $2,900 would be expected.

Quote of the week

‍When you genuinely accept the risks, you will be at peace with any outcome.
~ Mark Douglas

Closing Remarks

‍In summary, BTC is approaching the $100,000 milestone, signaling its growing legitimacy and adoption in global markets.

BTC continues to trade within a rising channel, with potential upside targets of $120,000 if $100,000 is broken. However, a correction below $98,000 could lead to $94,000, offering trend-following opportunities.

ETH has broken above the $3,220 level, supporting a bullish continuation toward $3,500–$3,600, while a downside break could see a correction toward $2,900.

Explore our series of market outlooks for in-depth analysis and opportunities.