Bitcoin and Ethereum Set to Soar Past $120K and $3K? The Rally You Can’t Ignore!
Summary & Description: Bitcoin and Ethereum are poised for another explosive rally, driven by strong ETF inflows and favorable Fed data, says Bitfinex’s analyst. Could BTC hit $120K and ETH reach $3K? Discover why crypto’s next surge is closer than you think!
Bitcoin (BTC) and Ethereum (ETH) are gearing up for another potential rally, with BTC hitting $111,970 and ETH climbing 6% against BTC, per Crypto News on May 28, 2025. Bitfinex’s Head of Derivatives, Jag Kooner, highlights a favorable macroeconomic backdrop, with $1 billion in net ETF inflows for BTC and ETH in the week ending May 25. Key drivers include anticipated Federal Reserve rate cuts and core PCE data below 2.6%, which could weaken the dollar and push capital into crypto, Kooner notes.
Bitcoin’s strength, with low volatility and a spot premium, signals a maturing market, while ETH’s institutional interest hints at an altcoin surge, potentially marking “Phase 3” of the bull cycle. Analysts project BTC could reach $120,000 if it holds above $107,000, though a drop to $105,000 is possible, per Coinpedia. ETH, consolidating above its 200-day EMA at $2,500, eyes $3,000 if momentum holds.
For beginners, this suggests a strong crypto market, but volatility remains a risk. Diversify, monitor Fed announcements, and avoid high-leverage bets to ride this potential wave safely.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
