Daily Crypto Signals: Bitcoin Hits $109K While Ethereum Eyes $2,800 Breakout

Quick overview

Bitcoin continues trading near all-time highs above $109,000 as institutional adoption accelerates, while Ethereum approaches a critical $2,800 resistance zone that could determine its path to $3,000. The crypto surge comes amid mounting concerns over global debt markets, with rising bond yields paradoxically boosting Bitcoin’s appeal as both a risk asset and safe-haven alternative.

Crypto Market Developments

Investor sentiment in the crypto market is changing significantly since conventional financial markets exhibit evidence of pressure. With US 30-year Treasury yields topping 5.15% – the highest since October 2023 – global bond yields are exploding. Away from the conventional risk-off playbook, this macroeconomic background is changing how investors see Bitcoin and digital assets.

With spot Bitcoin ETFs now controlling over $104 billion in assets under management – an all-time high – institutional capital keeps pouring into cryptocurrencies at hitherto unheard-of rates. Complementing Bitcoin’s new all-time high of $111,970 on May 22, the latest trading week witnessed about $2.75 billion in inflows into US-based spot Bitcoin ETFs.

Signing increasing government support of crypto infrastructure, Pakistan has made a major step by providing 2,000 megawatts of surplus electricity just for Bitcoin mining and artificial intelligence centers. Supported by the Ministry of Finance, this project is intended to attract billions of international investment and create high-tech employment possibilities.

Bitcoin Price Prediction: $130,000 Next Target?

Currently trading above $109,000, Bitcoin BTC/USD stays the market leader having momentarily touched resistance at $111,980. With MicroStrategy’s Michael Saylor hinting at another significant Bitcoin acquisition through his usual Sunday chart posting, the digital asset has shown amazing endurance amid world economic instability.

With 576,230 BTC worth at over $62.5 billion and unrealized gains over $22 billion, MicroStrategy is still the biggest corporate Bitcoin holder proving the company’s long-term approach. Closely monitored as a benchmark for institutional Bitcoin acceptance, the company’s holding shows a 55.5% increase on its overall investment.

Technical analysis indicates Bitcoin must keep support above the yearly open level of over $93,500 if it is to preserve its bullish structure. With a breach below perhaps causing a decline to $100,000, the 20-day exponential moving average at $104,199 is a crucial support level.

If Bitcoin can effectively break above the $109,588 to $111,980 resistance zone, its target aim is $130,000 looking forward. Institutional demand, sovereign wealth fund interest, and rising ETF acceptance taken together offer basic support for further progress.

Ethereum Set to Break $2,800 and Test $3,000

Currently trading around $2,500 following a recent 2% drop, Ethereum ETH/USD confronts a turning point as it approaches the $2,800 milestone. On-chain data shows a notable concentration of investor cost basis at $2,800, which creates a possible resistance cluster as those who acquired near this level may try to leave at breakeven.

Glassnode’s cost-basis heat map shows that there is substantial density of wallet activity exactly around the $2,800 zone, signifying investors who have been underwater since early 2025. Since ETH is approaching the level and robust demand is needed to absorb the possible supply, this concentration could generate selling pressure.

Ethereum does, however, have solid support below present levels; blockchain data points imply a demand zone between $2,330 and $2,410. This sector offers a strong basis for any possible pullback since 2.58 million addresses there have approximately 63.65 million ETH.

Since there are no appreciable opposition barriers above the cost basis cluster, the technical setup suggests that a convincing breakout above $2,800 might fast accelerate Ethereum toward $3,000. The balance now rests on whether a retreat toward the $2,370 support zone would reset the rally or if optimistic momentum can conquer the upper resistance.

Hyperliquid Getting Ready for a Breakout?

With technical analysis showing to a possible 240% gain by July, Hyperliquid’s native token HYPE is attracting a lot of interest as it reflects Solana’s explosive 2021 breakout pattern. HYPE, trading above $38.53, has broken above the $35.73 resistance level, signifying continuous positive pressure.

The token’s price structure is remarkably like that of Solana’s early 2021 performance, which came before a 300% surge. Reflecting the early phases of SOL’s spectacular run, HYPE has achieved a 270% rebound from $10 lows in April and broke above its 1.0 Fibonacci retracing mark around $35.88.

Unlike FTX’s centralized approach, popular analyst Ansem notes Hyperliquid’s goal blends the best of Solana’s high-performance architecture with a totally on-chain trading experience. Especially, around 97% of all trading income goes straight back to HYPE token holders, so supporting the value proposition of the token strongly from the basic standpoint.

The 1.618 Fibonacci extension level near $51.68 seems to be the next logical objective if the fractal pattern keeps on; the eventual 4.618 level marks a possible top for this rally cycle. Suggesting short-term caution, the relative strength indicator has entered very overbought area over 84, therefore highlighting the strength of present momentum.

Top Altcoins to Watch

Several altcoins are showing strong technical setups and could benefit from Bitcoin’s continued rally:

• Monero (XMR) has surged above the $391 resistance level and is currently trading around $292.87. The privacy coin shows bullish momentum with the RSI in overbought territory, targeting $456 if it maintains support above $412. The 20-day EMA at $347 provides crucial support for the uptrend.
• Aave (AAVE) successfully held its retest of the $240 breakout level and is trading around $274.23. The DeFi protocol token shows strength with rising moving averages and RSI in overbought territory, targeting $285 as the next resistance level. A break above could extend gains to $300 and potentially $350.
• Worldcoin (WLD) is consolidating around current levels after facing selling pressure at $1.65. Trading around $1.20, WLD maintains support at the 20-day EMA, with upsloping moving averages indicating buyer advantage. A successful break above $1.65 could target $2.50, with intermediate resistance at $1.89.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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