Ethereum — March 2025 Edition. The Lord Giveth and Taketh AwayWe have discovered already at @PandorraResearch Team a month ago or so in earlier published idea , that Donald Trump's recent policies and statements have generated significant negative sentiment towards Ethereum and the broader cryptocurrency market. As he resumes the presidency, his administration's approach to cryptocurrencies is expected to be more regulatory and cautious, which could impact Ethereum investors.
Donald Trump's actions and announcements have had a negative influence on Ethereum prices through several mechanisms.
Disappointment Over Strategic Bitcoin Reserve Order.
Trump's executive order to establish a Strategic Bitcoin Reserve was initially seen as a positive move, but it did not lead to immediate government purchases of cryptocurrencies. Instead, it focused on creating a budget-neutral strategy, which meant no taxpayer funds would be used for spot purchases in the short term. This lack of immediate action led to disappointment and selling in the market, affecting Ethereum's price.
"Pump & Dump" Effect.
Trump's rhetoric and announcements often create a "Pump & Dump" effect in the cryptocurrency market. This phenomenon involves a brief surge in prices followed by a sharp decline as investors realize there is no concrete action behind the rhetoric. Ethereum, along with other cryptocurrencies, experienced this volatility after Trump's statements about including Ethereum in a crypto reserve.
Trade Tensions and Tariffs.
Trump's tariff announcements have exacerbated global trade tensions, which negatively impact the broader financial markets, including cryptocurrencies. Ethereum has been particularly sensitive to these developments, experiencing significant price drops in response to tariff threats against major trading partners like Canada, Mexico, and China.
Market Volatility and Uncertainty.
Trump's unpredictable policies and statements contribute to market volatility and uncertainty. This environment can deter investors and lead to price fluctuations in Ethereum and other cryptocurrencies. The lack of clear regulatory guidance under his administration adds to the uncertainty, affecting investor confidence and Ethereum's price stability.
Technical challenge.
The main technical graph for Ethereum BITSTAMP:ETHUSD indicates on further Bearish trend in development (since mid-December 2024) with acceleration occurred a day before Mr. Trump entered the White House.
Previous key supports were considered as 100-week SMA (near $2550 per Ethereum), $2200 flat multi bottom and 5-years SMA (near $2100 per Ethereum), so all of them are broken to this time. That is why we believe (in this case of multi breakthrough), it could lead the Ethereum price much lower, as it described on the chart.
Conclusion.
Overall, Trump's influence on Ethereum prices is characterized by disappointment over unfulfilled expectations, market volatility driven by his rhetoric, and negative impacts from trade tensions and regulatory uncertainty.
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Best 'Trump & Dump' wishes,
@PandorraResearch Team 😎
Cryptomarkettrends
ALGO Technical Analysis: Key Levels to Watch in 2024-2025 Algorand (ALGO) is a promising project known for its efficient management of scalability, security, and decentralization. The long-term success of ALGO depends on broader adoption and leveraging its distinct features in the competitive blockchain market.
Currently, ALGOUSD is holding a Weak Support at the $0.119 support level, presenting a potential for significant gains. If this support level holds, we might see a bullish move. However, if this support breaks, the next strong support and bottom lie near $0.086. A bounce is expected from this level due to some upcoming positive events and the potential approval of ETH ETFs. Historically, we have seen altcoin rallies following such approvals.
ALGOUSD was listed on June 17, 2019, and experienced a significant rally between March 30, 2020, and November 27, 2021, during the 2021 bull market. According to Bitcoin's historical patterns, a bull market tends to occur every four years. We anticipate increased market volatility in Q4 2024 and Q1 2025, similar to the 2021 bull market for ALGO.
Our calculated targets for ALGO's bull run suggest a minimum target of $1.57. If this resistance flips by Q4 2024 or January 2025, we could see a maximum target of $3.44. It's crucial to monitor support and resistance zones to keep the trade active. Remember to exit long positions by April or August 11, 2025, as the bull run and alt season are expected to end during this period.
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Bitcoin Price Forecast: Potential Bull Run in Q4 2024 & Q1 2025 Bitcoin (BTCUSD) currently holds a strong support level at $55,300. This key level presents a significant opportunity for potential gains. If the support at $55,300 fails, the next critical supports are at $52,000 and $48,500. Given the approaching bull run, we expect a bounce from these levels, particularly in Q4 2024 and Q1 & Q4 2025.
As with previous bull runs, we anticipate substantial volatility during this period. Remembering to exit the market around March or November 2025 is crucial, as the bull run is expected to conclude around this time.
Based on historical data and calculations, the Minimum target for Bitcoin in this bull run is $253,623. If Bitcoin flips the resistance at $253,623 by February 2025, we could see a maximum target of $275,780. Previous bull runs in 2013, 2017, and early 2021 exhibited unexpected price pumps, and we may witness similar volatility this time. While observing resistance zones, it's essential to keep trades active and plan to exit long positions by March or November 2025.
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Crypto Market Insights: Bitcoin.D and Bitcoin Price PredictionUnderstanding Bitcoin Dominance:
Bitcoin dominance is crucial for understanding the broader crypto market, identifying potential growth projects, and making informed decisions to balance your crypto portfolio. BTC.D is approaching a significant resistance level of 57.42, which we expect to hit by October or November. Following this, a potential downtrend in BTC.D is anticipated.
Bitcoin Key Levels and Market Reactions:
Bitcoin has a strong support level at $53,400. If this support breaks, we might see BTC dominance around 57.42. Historically, when BTC dominance rises, Bitcoin's price tends to fall, and vice versa. The resistance zone at 57.42 has not been hit yet, but it is expected to by September. We foresee Bitcoin's price hovering between 52K and 48K, leading to a significant movement. A bullish market is likely to start after November, with increased volatility expected in Q4 2024.
Bitcoin Bull Market Projections:
Based on historical data and calculations, Bitcoin's bull run targets a minimum of $253,623. If Bitcoin flips this resistance by February 2025, we could see a maximum target of $275,780. Past bull runs in 2013, 2017, and 2021 saw unexpected price pumps, and similar volatility is expected this time. It's crucial to keep trades active while monitoring resistance zones, with a strategic exit from long positions by March or November 2025.
As we anticipate these market movements, staying informed and prepared is key. By understanding and acting on these insights, you can navigate the crypto market more effectively. Remember, each bull market brings its own set of opportunities and challenges.
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MKRUSD Price Prediction: Strong Support at $2000 for 11X ReturnMKRUSD is currently showing a strong support level at $2000. This level presents a high possibility for a substantial gain. Should this support hold, we could see a robust upward movement in MKRUSD. However, if the $2000 support breaks, the next key support level lies at $1959. At this point, there is an 80% chance of a bounce, especially with the alt season approaching. It is important to note that the alt season is expected to conclude by November or December 2025, and we should plan to exit the market by then.
Looking at the historical data, the minimum target for MKR during this bull run should be $22588. If this resistance level is broken by February 2025, we could see MKRUSD reaching its maximum target of $23200. This is a significant milestone to watch as the alt season could extend until March or November in 2025. Exiting the market during this period is crucial to maximize gains and minimize risks.
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We'll See What Happens Next! [Short-Term Forecast]In this video we discuss the Bitcoin forecast as we finish out the rest of the year (Crypto Spring). We are keeping an eye on the triangular area between the Maximum Halving High Pressure Zone and the Future Halving Price Line and the potential that bitcoin could meet significant downwards pressure in this area. Also, we're looking at the 365 Day Moving Average, as it continues to trend below the Future Halving Curve (The Jet Stream). Historically, If we finish out Crypto Spring with the 365 Day MA below the Jet Stream, the Bitcoin price would trade mostly below the Jet Stream up until the halving date. What are your thoughts? Thanks for watching!