Bitcoin Nears All-Time Highs Amidst Market Consolidation; Ethereum Eyes $3,000 Breakout

May 29, 2025
Bitcoin Nears All-Time Highs Amidst Market Consolidation; Ethereum Eyes $3,000 Breakout
  • 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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