Ethereum

Bitcoin

Optimism

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-trends-and-predictions-for-bitcoin-and-ethereum/" data-wpel-link="internal">Market Trends and Predictions for Bitcoin and Ethereum</a> 
Given that macroeconomic and geopolitical issues persist, there is no strong appetite for risk in the markets. Although data might inspire hope, the current <a href="https://coin-turk.com/okex-olayinda-isler-karisiyor-kurucu-tutuklandi" data-wpel-link="internal">Bitcoin</a> price fluctuates below $64,000. The main issue here will be the rapid losses that altcoins will experience in a swift decline. So what do the charts currently indicate for <a href="https://en.coin-turk.com/bitcoin-rises-to-42497-due-to-us-market-data-and-government-regulations/" data-wpel-link="internal">Bitcoin</a> and <a href="https://coin-turk.com/ethereum-eth-aginda-beklenen-rahatlama-ani-geldi" data-wpel-link="internal">Ethereum</a>? 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
On April 22, the price surpassed the 20-day EMA at $65,855, but sellers halted the rally at $67,500. Rapid profit-taking and a lack of appetite among investors expecting further declines recently led to increased losses. The balance between supply and demand shifted against the bulls, resulting in the loss of the 20-day EMA. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-344218 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/BTC-24-25-nisan-yorum.png" alt="" width="1273" height="787"> 
However, it’s too early for pessimism as ETF data has not yet arrived. Moreover, if the upcoming Friday’s PCE data is positive, the bulls might regain strength. The current outlook suggests a decline towards $60,775 and $54,298 if closures remain below the 20-day EMA. 
Below $60,775, sales could accelerate, leading to losses nearing 40% for altcoins. In a bullish scenario, the target is a closure above the 50-day SMA ($67,500) aiming for $73,777. We have discussed lengthy upward targets before, so no further details are necessary. As this article was prepared, the U.S. markets had recovered some of their losses. 
<h2 style="text-align: justify" id="ethereum-eth">Ethereum (ETH)</h2> 
As Bitcoin bulls move away from their $84,000 targets, <a href="https://en.coin-turk.com/ethereums-circulating-supply-hits-new-low-after-merge/" data-wpel-link="internal">Ethereum</a>‘s price continues to struggle above $3,000. On April 24, the Ether price climbed above the 20-day EMA ($3,237), and as we can see from the long tail in the candlestick, it did not concede to the bears. At the time of writing, the ETH price is at $3,141, and significant losses could occur if it closes below the critical region, similar to the <a href="https://en.coin-turk.com/bitcoin-price-direction-determined-by-reliable-metric/" data-wpel-link="internal">BTC</a> scenario. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-344219 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/eth-24-25-nisan-yorum.png" alt="" width="1273" height="787"> 
If the price begins to decline, there is a critical support level at $2,852 that could be tested. Below that, support is found at $2,700. However, if the price rebounds from the 20-day EMA, it could reach $3,466 and $3,679. Optimism for the ETF has weakened, leaving bulls currently demotivated. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/market-trends-and-predictions-for-bitcoin-and-ethereum/" data-wpel-link="internal">Market Trends and Predictions for Bitcoin and Ethereum</a></h5>

Market Trends and Predictions for Bitcoin and Ethereum

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