American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Crypto price forecasts: ICP, Bitcoin, Ethereum

by admin May 31, 2025
May 31, 2025

Bitcoin, Ethereum, and other altcoins were largely muted on Thursday as the market reflected on the recent Federal Reserve minutes and the court’s decision to end Donald Trump’s tariffs against other countries. This article provides a forecast for top cryptocurrencies like Internet Computer (ICP), Bitcoin (BTC), and Ethereum (ETH).

Internet Computer (ICP) price is showing bottoming signs

ICP price chart

Internet Computer’s ICP token peaked at $15.5 in November last year as most cryptocurrencies rallied. It then plunged sharply and found a bottom at $4.20 in April when Trump unveiled his tariffs against other countries. 

The coin has now stabilized at the 50-day Exponential Moving Average (EMA). It has also moved above the upper side of the descending channel shown in black. This channel has a close resemblance to the a falling wedge, one of the most popular bullish reversal patterns in technical analysis.

The coin has formed an inverse head and shoulders pattern, another bullish reversal sign. It also formed a double-bottom pattern at $4.475. Therefore, there are signs that the coin is bottoming, which will lead to more gains in the coming weeks. More gains will be confirmed if the coin rises above the key resistance level at $6.133, the highest point on May 12. 

Read more: Toncoin, Mask Network, and Pepe price predictions

Heightened investor interest bolsters Ethereum price to a three-month high 

ETH price chart | Source: TradingView

Ethereum price has been up by over 3% over the past 7 days as highlighted by CoinMarketCap, compared to Bitcoin’s drop of 2.90% during the same period. The crypto major’s trading volume and ETF inflows point to heightened investor interest. 

According to data from SoSoValue, ETH spot ETFs recorded 8 consecutive sessions as of 28th May. On Wednesday, 4 out of the top 9 ETFs recorded a total of $84.89 million in daily net inflows while the rest had zero flows. At the same time, the altcoin’s trading volume is up by 21.38% over the past 24 hours.

In the short term, I expect Ethereum price to hold steady above the 20-day EMA at around $2,500. On the upside, the entry of more buyers may help break the resistance at the three-month high hit earlier on Thursday. If successful, the next hurdle will likely be at $2,956 as the bulls eye the psychologically crucial zone of $3,000. 

Bitcoin price in consolidation mode as profit-taking continues 

BTC price chart | Source: TradingView

Bitcoin price has been in consolidation mode for a week now after topping the all-time high hit earlier in the year to reach a fresh high at $112,051. Even with the profit-raking, the bulls remain in control with data from SoSoValue indicating ten consecutive sessions of daily net inflows for US Bitcoin sport ETFs.

Even with the pullback, Bitcoin price is set to remain above the crucial zone of $100,000, which is along the medium-term 50-day EMA. In the near term, the all-time high of $112,051 is a resistance level worth watching. On the lower side, Bitcoin price will likely find support at $106,284, below which the crypto major may drop to $104,583.

The post Crypto price forecasts: ICP, Bitcoin, Ethereum appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Crypto price predictions today: Popcat, Worldcoin, Zebec Network
next post
UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

Related Posts

Many Peaks Minerals

April 16, 2024

Completion of Institutional Component of Entitlement Offer and...

May 27, 2024

Cameco Shares Fall 9 Percent After Q2 Results...

August 3, 2024

Silver Stocks: 3 Biggest US Producers in 2024

May 28, 2024

My last Nio stock price forecast was accurate:...

September 16, 2024

Match Group stock forms triangle: will it crash...

December 28, 2024

Symbotic stock analysis: is it too late to...

November 19, 2024

Strategic Resources Engages Lead Bank for its Construction...

July 25, 2024

5 stocks under $10 to buy hand over...

February 5, 2025

Bitcoin price prediction: The long-term bullish case for...

December 15, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (2,982)
    • Investing (2,444)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved