Odaily News Ryan Lee, chief analyst at Bitget Research Institute, said that driven by multiple positive factors such as the pro-crypto signals released by the Trump campaign team, the continuous inflow of ETF funds, and the increase in institutional fund allocation, Bitcoin has recently broken through $117,000, and market sentiment has clearly warmed up. He pointed out that BTC is expected to stabilize at $125,000 in the third quarter, with the key support level at $108,500 and the resistance level at $130,000. It may fluctuate between $105,000 and $150,000 overall.
As for Ethereum, benefiting from ETF demand, Pectra upgrade expectations and increased DeFi activity, Ryan pointed out that the average price of ETH in the third quarter could reach US$3,800. If it breaks through the resistance level of US$3,700, it may further hit US$5,000.
At the same time, Ryan also reminded investors that although the overall fundamentals are solid, there is still uncertainty in the market. Traders should be prepared for fluctuations of 10-30% and pay close attention to the impact of macroeconomic changes on the market.