Is $120K in Sight? Analysts Say It’s Time to Wake Up

After positive tariff-related developments eased macro pressure on the markets, crypto assets experienced a short-term lift. But now, momentum has paused. As rate cut hopes for June and July fade, investors are left wondering: is this just a break—or the start of a bigger move? According to analysts tracking the charts, the broader crypto market could still surprise to the upside. Some even point to a 2021-style end-of-year rally if conditions align. Ethereum on the Edge: Resistance or Launchpad? Ethereum (ETH), currently trading at $2,596 according to Binance data, has become the critical chart to watch. ETH’s strong move against Bitcoin recently triggered a surge across altcoins. But traders are now eyeing a make-or-break zone. Popular analyst Crypto Fella believes Ethereum is about to start “one of the most hated rallies in recent memory.” He warns that many will miss the opportunity out of fear, stating: “The window to act is closing. Most investors will be watching from the sidelines.” Another respected analyst, Nic , highlighted Ethereum’s rejection at the 200-day moving average of $2,700 , questioning whether it will hold as resistance or break upward: “If ETH manages sustained closes above $2,700, it could ignite a rally toward $3,600.” Such a move would likely lift the entire altcoin market, setting the stage for renewed bullish sentiment. Dogecoin and Bitcoin: Signs of Acceleration? Trader Tardigrade is turning heads with a bold prediction for Dogecoin (DOGE) , suggesting the coin is poised to move fast: “DOGE RSI MA is ready to peak. $0.65 might come faster than many expect.” He adds that moves in DOGE, ETH, and SOL could pressure Bitcoin dominance, which is already slipping as capital rotates into altcoins. Meanwhile, Bitcoin (BTC) hovers around $102,948 , facing key resistance at $108,000 . Analyst Roman Trading , known for his cautious stance, offers rare optimism: “If consolidation continues here, it signals trend continuation. A break above $108K opens the door for a push to $120,000 .” Although Roman believes the macro bull cycle may be nearing its peak, he acknowledges that short-term upside remains. Final Thoughts from Dey There While uncertainty clouds rate policy and macro sentiment, crypto markets are showing technical setups that favor upside—particularly in ETH and DOGE. With Ethereum at a tipping point and Bitcoin close to major resistance, the coming days could shape the next big leg. Dey There will continue to monitor these developments and provide timely updates as market dynamics unfold. References Binance TR Live Prices Analyst posts from Crypto Fella, Nic, Trader Tardigrade, and Roman Trading (via X and TradingView) Ethereum and Bitcoin 200-day MA data – CoinMarketCap On-chain sentiment reports – Glassnode, Santiment Historical macro trend analysis – Messari, IntoTheBlock