Bitcoin is approaching the $100,000 mark, with declining volatility sending positive signals; Ethereum bulls are showing even greater momentum.

Bitcoin is attempting to return to $100,000, supported by a significant contraction in volatility and a weakening US dollar, both of which provide support for the upward trend. Ethereum, along with XRP and Solana, are also showing varying degrees of bullish structure, with market risk appetite continuing to improve.

Bitcoin: Volatility breaks below trendline, sends bullish signal The Bitcoin 30-day Implied Volatility Index (BVIV) has fallen to 48, breaking below the upward trendline established since September for the first time, indicating that panic sentiment is gradually dissipating. Reduced volatility typically supports spot prices, and renewed weakness in the US dollar further strengthens Bitcoin’s upward momentum.

From a technical perspective, BTC has regained the key support at $93,104 and is holding firm above the hourly Ichimoku cloud. The MACD histogram has formed a golden cross, providing short-term momentum for Bitcoin, with the main target remaining in the $98,000—$100,000 range. If it falls below the Ichimoku cloud, Bitcoin’s short-term structure may weaken, suggesting a loss of upward momentum.

XRP: Signs of bottoming are clear Earlier this week, XRP strongly broke above the Ichimoku cloud and entered a clear bullish area, currently forming a bottom near $2.20. Although a bearish MACD cross appeared on the hourly chart, prices have not fallen significantly, indicating strong support from the bulls. The main resistance levels are at $2.28 and $2.30; breaking these would further open up upside potential.

Ethereum (ETH): Bulls have a more pronounced advantage After confirming a bear trap, Ethereum has closed higher for two consecutive days, with full-bodied candlesticks reflecting strong buying interest. The daily MACD histogram has further strengthened the bullish signal, with the short-term target set at $3,510. However, since the hourly MACD is about to form a bearish cross, ETH may first retest the previous resistance—which has now turned into support—around the $3,100 area, before starting the next leg up.

Solana (SOL): Awaiting channel breakout SOL is attempting to break above the upper boundary of its sideways channel at $144.74, but the hourly MACD indicates short-term pullback pressure. If it can effectively break above the upper boundary, the measured move method projects an upside target of $165. In the short term, price action may consolidate before seeking another breakout.

Overall, risk appetite in the crypto market is heating up, with lower Bitcoin volatility and a weaker US dollar resonating to boost momentum in major assets like Ethereum. Investors should continue to monitor key technical levels and the macro environment to seize opportunities as the trend continues.