Analysts Predict Bitcoin Rally to $110K While Ethereum Hits $3.7K–$3.9K Resistance
Market sentiment remains cautious as the Fear & Greed Index sits at 26, signaling panic. Diverging views within the Fed and Buffett’s warning on corporate greed add uncertainty to macro trends. Analysts see Bitcoin’s pullback nearing its end: crucial support at $104,000 must hold to avoid a drop toward $100,000–$98,000. Bullish forecasts target $110,000 in the short term, with long-term projections ranging from $180,000 to $240,000. Ethereum faces stiff resistance between $3,700 and $3,900; a clear break above this zone is needed to challenge its all-time high, while downside support lies at $3,176–$3,343 and a fall below $2,600 is unlikely.
Bullish
Analysts’ consensus that Bitcoin’s pullback is ending, coupled with robust ETF inflows of $524 million, underlines a bullish bias. The failure to breach Ethereum’s $3,700–$3,900 resistance tempers upside for ETH, yet BTC’s solid support at $104,000 and optimistic targets to $110,000–$112,000 mirror past cycles where consolidation phases preceded major rallies. Historical patterns show that once key CME gaps near $92,000 are filled and institutional support emerges around $98,000–$90,000, market confidence rebounds quickly. Although macro uncertainty persists, sustained ETF inflows and easing sell pressure suggest a potential medium-term upswing, supporting a bullish outlook.