Trump says he will ensure interest rates are lowered and Lummis crypto- He became chairman of the wealth committee. Strategic Bitcoin $101,713.0 The SEC has already started work with its crypto regulation team, while Senator Lummis for his reserve has called for immediate action. Investors are not very aware of it, but a new era is beginning on a solid basis for cryptocurrencies. So how many dollars will ETH be?
Ethereum Bullish Target
Lingered at $3,250 at the time of writing ETH price has been almost motionless for a long time. If you look at the last months, you will see that the price of ETH has constantly returned to around $ 3,300. For this reason, it has even started to be called a stablecoin. We have seen such boring periods in the past too.
However, the analyst with the pseudonym Mikybull wrote that the base support has increased and we are moving towards the days when we will reach the summit target;
“The hated rally that will take ETH to $12,000 is loading. The chart gives us an idea of the future. All it takes is patience.”
Altcoin Bull
For a real rise across altcoins BTC Market dominance must weaken. For this, ETH dominance must increase with the price. Nobody cares about Satoshi Nakamoto’s ideals and everyone is waiting for the day when altcoins will rise and make money. The fluctuation in good news search results indicates that an influx of new investors may have begun.
Mustache wrote the following for altcoins;
“Most actually believe it’s already over. This is exactly the feeling we need. It was like this before the 2017 Sub-Season, it was like this before the 2021 Sub-Season. Yes, you are right, altcoins are dead, hahaha. An epic altcoin bull is charging.”
SUI Coin Sharing his predictions in particular, Michael Poppe returned to altcoin analysis. This is what he usually does when he expects a move here.
“There is a very simple structure here. Hold above $4 and let’s see $6. If we lose this, the whole structure will disappear.”
On the other hand, the Fed will announce its first interest rate decision of the year on January 29. The market expectation is that it will remain constant at almost 100%. The rate of those expecting a discount in June is 66%. This is the situation despite Trump’s statement hours ago that he would ask for interest rates to be reduced. For more excitement in risk markets, we should also see a decline in interest rates.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
