Bitcoin price It continues the day above $69,000 and altcoins are back in the green. AVAX extended its gains to over 5%, while ETH finally regained $2,100. The break on the Ethereum chart suppressed concerns about a drop to $1,900, paving the way for greater gain potential in altcoins, but risks still remain.
Latest situation in cryptocurrencies
As time is running out for a ceasefire and hopes are still not extinguished, oil retreated slightly while US futures rose. Especially ETH It is hopeful that the price has exceeded the key threshold today. However, we have a high potential to see a barrage of bad news in the coming days. If there is no agreement by 03:00 (UTC) on Wednesday, there will probably be more severe attacks. Since Iran has been giving small signals of reconciliation, they need to take more concrete steps before this date if they intend to do so.
In the hours we left behind of Iran It was not a feeling because a report was served that he was pressing for a ceasefire.
Although ETH, which lost $ 2,300 65 days ago, tried to overcome the resistance, it could not return to this level for 20 days. Now that $ 2,100 has been exceeded again, it is possible to target resistance again if we see closes above $ 2,179. In this scenario, a reversal of the boring movement that has been going on for more than 2 months and $2813 can be expected to be tested.
Of course, it is not the first time it has tested $2,100 (in these 65 days), there have been attempts before, so we need to see today’s rise as a “net return”. It can be said that it is too early to rejoice.
Trump’s agenda
At 5 p.m., Trump will attend the Easter event at the White House. Trump will have a press conference with the soldiers at 20:00. At 22:30, he will participate in the Pesach celebrations. So we’re going to see Trump say a lot in the coming hours. If Iran is really close to a ceasefire, we should see this in the tone of the US President’s statements.
NY Fed tomorrow inflation expectation It will be published and since it includes a 1-year expectation, we will see what the effects of the war mean in the eyes of the Fed. In the early hours of Wednesday, Trump will either announce an agreement or it will be announced that major attacks have begun on Iran’s entire infrastructure and senior management. We can say that busy times have begun.
