BTC and ETH Price Trend Analysis | April 29



Current Price: BTC ~76,500–77,000 | ETH ~2,320

Recent Performance: Since April, BTC has rebounded about 8%, ETH has recovered about 5%. The driving force comes from continuous inflows into BTC spot ETFs (weekly inflow of 1.2 billion, nine consecutive days of inflows exceeding 2.1 billion), turning positive year-to-date. However, today’s FOMC and geopolitical factors suppress risk appetite.

Technical Perspective

· BTC: Resistance at 78k–79k, support at 76k–75k. Volatile trading, buy on dips, potential to test 84k (200-day moving average).
· ETH: BTC/ETH ratio at 0.030, ETH rebounded to 2300, resistance at 2350–2400, support at 2200. MACD neutral, a strong move requires breaking 2400.

Fundamental Perspective

· BTC: Dominated by institutional ETFs, stable position.
· ETH: Active network, Pectra upgrade (H1 2026) approaching, possibly catalyzing ETH rotation.

Expectations

· May: Volatile but biased upward, dovish signals suggest BTC 82k, ETH 2500+
· Q2: Without black swan events, BTC 90k–100k, ETH more resilient, targeting 3000

Summary: Structural bullish outlook, BTC steady, ETH depends on upgrades. Caution on Fed hawkish risks. $BTC $ETH
BTC0.87%
ETH1.33%
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