Bitcoin Nears All-Time Highs Amidst Market Consolidation; Ethereum Eyes $3,000 Breakout
May 29, 2025
As of late May 2025, Bitcoin is trading around $108,810, reflecting a slight decrease of 0.21% with a significant trading volume of $52.64 billion and a market cap of $2.16 trillion.
The 24-hour trading range for Bitcoin has fluctuated between approximately $108,445 and $110,744, indicating healthy market consolidation.
Despite recent momentum loss, Bitcoin is holding near its all-time highs of $108-109K, but a breakdown could see prices pull back toward $100K.
If Bitcoin cannot maintain its position above the trendline, it may test lower levels between $104,000 and $96,000, risking a significant breakdown.
Currently trading around $107,000, Bitcoin is showing signs of a possible trend reversal and is facing selling pressure at its local trendline support.
Bitcoin ETFs have experienced significant inflows, exceeding $500 million on multiple days, highlighting strong demand from traditional finance investors.
The outlook for Bitcoin and Ethereum remains positive, supported by strong sentiment and capital flows, indicating potential for price increases.
Ethereum is currently trading at $2,629.79, struggling to maintain a price above $2,700, with a market cap of $317.5 billion.
Ethereum has shown strength and is close to breaking out above the $2,700-2,800 resistance zone, which could lead to further gains towards $3,000.
The overall market conditions and Bitcoin's performance will significantly impact Ethereum's ability to maintain its breakout momentum.
The Crypto Fear and Greed Index has stabilized in the low 70s, indicating a healthy uptrend without immediate risk of a pullback.
Despite a general decline in trader interest due to external factors, historical trends suggest that crypto assets can thrive in such environments.
Summary based on 4 sources
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Sources

Business Standard • May 28, 2025
Bitcoin steady at $108k as market awaits move; Ethereum eyes $3,000
FOREX.com • May 28, 2025
Bitcoin, Ethereum Forecast: BTC/USD Quietly Getting a Foothold at Record Highs?
FOREX.com • May 28, 2025
Bitcoin, Ethereum Forecast: BTC/USD Quietly Getting a Foothold at Record Highs?