Disclaimer: This material is not financial advice or a call to action. The analysis presented is the private opinion of its authors. Incrypted is not responsible for the investment decisions of readers.
This is reported by Finway
Bitcoin started this week, April 28-29, 2025, with a rise above $95,000, but it failed to hold at this level. Ethereum, on the other hand, managed to surpass the $1,800 mark. The Cryptology Key team conducted an analysis of the current market situation and presented a forecast for future price movements.
Bitcoin Analysis
The market is showing signs of recovery, which requires increased efforts to maintain long positions. Regarding the current situation, it is worth noting that the price of Bitcoin has broken the previous monthly low, absorbing two months of correction. Closing the month at this level could indicate the beginning of a bullish trend. In the short term, a month-end close is expected with a pullback to the 0.5 range of the previous candle.
Ethereum Forecast
The price of Ethereum has increased by 30% since the formation of the low in April 2025, which is significant for this asset. The optimal scenario would be a close with a maximum long wick.
The weekly chart shows that there is still a considerable distance to the maximum. In the event of a price correction to the defined area of interest (POI), an increase in demand for the asset is expected.
An ascending four-hour structure is forming in the current range. If the price drops on the daily chart below $1,721, there is a possibility of a decline to the level between $1,610 and $1,680. Therefore, a correction to $1,671 is possible, after which a sharp impulse and further movement towards the $2,000 level should be expected.
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