Crypto Market Watch: BTC Soars to $97K, Ethereum Faces Hurdles, XRP Remains Resilient
By: bitcoin ethereum news|2025/05/03 10:00:05
0
Share
Bitcoin surged past $97,000 after breaking $95,000, holding steady despite overbought signals; $98,000 remains key resistance. Ethereum edged near $1,860 but stayed capped within range; a breakout is needed to spark fresh upside momentum. The Bitcoin (BTC) rally continued on Friday when its value broke above $97,000, a day after a decisive breakout above $95,000, according to TradingView. This dramatic surge was a result of nearly a week of stabilization in that previous resistance point when BTC temporarily touched a record of $97,436. By Friday afternoon, BTC was holding firm around the $97,000 point with a show of strength in the face of market scrutiny. A close above $98,000 is likely to drive Bitcoin towards the psychological mark of $100,000, a figure eagerly eyed by market players and experts. Nonetheless, market players are cautious because the daily Relative Strength Index (RSI) is almost at 70, bordering on overbought. Experts warn that although bearishness has abated and a bullish run is in force for now, a pullback is very much a real possibility if momentum in this direction slows down near these levels. In case BTC can’t hold its present position and is unable to close above $98,000, then its next nearest support is at $95,000. This support area has already acted as a battleground in previous sessions, and it will most likely be retested in case sellers take over. Ethereum Nears Resistance as Bulls Eye $2,000 Ethereum progress, on the other hand, is contained inside a consolidation region between levels of $1,700 and $1,860, a band it has held firm to over the last week. By Friday, Ether edged near the top of its boundary at $1,860, pointing toward breakout intentions. This resistance is considered to be critical to any substantial move towards the psychologically important $2,000 mark. The daily RSI for Ethereum registered at 58, above the middle-of-the-road 50 mark, highlighting overriding bullish sentiment. But without a clear break above $1,860, Ethereum will be trapped in its most recent sideways range with a chance to fall back towards $1,700 based on waning buying pressure. An additional loss of $1,700 would potentially lead to a deeper correction, with $1,450 in view as a potential area of support. Traders are all eyes on these levels, however, with overall market momentum hinging on what happens next in Bitcoin. XRP Holds Steady, Aiming for $2.50 Ripple’s XRP steadied following a retest of its critical support at $2.20, with this also aligning with its 50-day Exponential Moving Average (EMA). This was retouched in the middle of the week and by last Friday was also holding above it, supporting bullish expectations for a continued upward run. The prospects for XRP become more positive if it can hold above $2.20 and trigger a run toward its March 24 high of $2.50. A potential rally would have it reach a high of $3.00 if it is accompanied by stronger market tailwinds. XRP’s RSI also provided positive signs by registering a reading of 54, well above its midpoint and indicating healthy underlying momentum. In case of a breakdown below $2.20, XRP will likely encounter a new test of strength around $1.96, another important support level in traders’ eyes. This fallback option would most likely be in focus in case overall market sentiment turns sour or Bitcoin performance weakens. Source: https://www.crypto-news-flash.com/crypto-market-watch-btc-soars-to-97k-eth/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-market-watch-btc-soars-to-97k-eth
You may also like

Exclusive Interview with Jeff Hoffman: How Web3 and AI are Reshaping the Trillion-Dollar Social Travel Market
The most valuable platforms will not only be aggregators of suppliers, but they will also have relational networks around payments, loyalty, and communities.

After the KelpDAO hack, AAVE's situation is worse than you think
October 10 is the CEX-driven collapse, an epic failure in DeFi risk mitigation.

Atkins Marks One-Year Anniversary at SEC: Crypto Regulation Shifts from ‘Enforcement Heavy’ to ‘Rulemaking Mode’
Before the bill is passed, the SEC's cryptocurrency regulatory framework remains in a transition state of "administrative guidance + enforcement actions."

Under Political Pressure, Is the Federal Reserve Still Independent?
Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.

Yellen's Past Remarks: How Will This Incoming "Fed Chair" Disrupt the Federal Reserve? Janet Yellen, who is expected to become the next Chair of the Federal Reserve, has made several significant statements in the past regarding monetary policy, financ...
Powell's reform blueprint not only looks bold and ambitious, but also directly targets many vulnerabilities of the Federal Reserve. Facing the upcoming Senate confirmation hearing, how will this Fed's presumptive new "helmsman" reshape the future of the world's largest central bank?

ZachXBT vs. RAVE: Is a “Clean” Market Really What Speculators Want?
While cleaning up manipulation, it may also involve cleaning up liquidity

Arbitrum Poses as Hacker, 'Steals' Back Money Lost by KelpDAO
Even though Arbitrum wielded the admin key, the battle is far from over.

Without Cook's Apple, Can it Still Grow in the AI Era?
The iPhone Remains at its Peak, But Apple is at a Turning Point

Saylor's Bitcoin Holdings Surpass BlackRock, How Does This "Bitcoin Financing Machine" STRC Work?
Funding Cap is not equal to Execution Path; whether Bitcoin can cooperate is the true variable.

What Is RWA? What Is RWA in Crypto (Complete 2026 Guide)
Wondering what is RWA in crypto? We explain what RWA is, break down RWA tokenization in simple no-jargon terms, and cover why it's 2026's hottest crypto narrative.

What Is the KelpDAO Attack? What It Means for Aave Users in 2026
KelpDAO suffered a $292M rsETH exploit on April 18, 2026, triggering Aave market freezes and $13B DeFi outflows. Here’s what happened, whether Aave is safe now, and what users should do next.

Is your gold really "within reach"? The geographical blind spots of custodial services behind tokenized gold
When "complete physical support" does not equal "truly desirable," the risks are just beginning to emerge.

Cook Passes the Baton, Anthropic Gears Up | Rewire News Morning Brief
In the window of AI reshaping the hardware landscape, Apple has chosen a Maker

Will the Fed Cut Interest Rates Again? Tonight's Data Is Key
Citi believes geopolitical turbulence is temporary and the rate cut trajectory remains unchanged. Meanwhile, Deutsche Bank warns that the policy has reached a neutral stance, with no interest rate cuts in the foreseeable future.

The person taking over Apple has to do something he has never done before
Software, AI, services—areas he never directly controlled in his 25-year Apple career

Why Are You Always Losing Money on Polymarket? Because You're Betting on News, While The Rulebook Favors Insiders
At Polymarket, most people who bet incorrectly are not wrong in their prediction but rather in not having read the rules carefully.

Not a Price Hike, but a Supply Shortage? Oil Price Has Crossed the Threshold
A $95 Per Barrel Price Is Far From Enough to Rebalance the Oil Market

a16z: 5 Ways Blockchain Helps AI Agent Infrastructure
Artificial intelligence makes scaling cost-effective, but it is difficult to establish trust. Cryptocurrency can rebuild trust on a large scale.
Exclusive Interview with Jeff Hoffman: How Web3 and AI are Reshaping the Trillion-Dollar Social Travel Market
The most valuable platforms will not only be aggregators of suppliers, but they will also have relational networks around payments, loyalty, and communities.
After the KelpDAO hack, AAVE's situation is worse than you think
October 10 is the CEX-driven collapse, an epic failure in DeFi risk mitigation.
Atkins Marks One-Year Anniversary at SEC: Crypto Regulation Shifts from ‘Enforcement Heavy’ to ‘Rulemaking Mode’
Before the bill is passed, the SEC's cryptocurrency regulatory framework remains in a transition state of "administrative guidance + enforcement actions."
Under Political Pressure, Is the Federal Reserve Still Independent?
Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.
Yellen's Past Remarks: How Will This Incoming "Fed Chair" Disrupt the Federal Reserve? Janet Yellen, who is expected to become the next Chair of the Federal Reserve, has made several significant statements in the past regarding monetary policy, financ...
Powell's reform blueprint not only looks bold and ambitious, but also directly targets many vulnerabilities of the Federal Reserve. Facing the upcoming Senate confirmation hearing, how will this Fed's presumptive new "helmsman" reshape the future of the world's largest central bank?
ZachXBT vs. RAVE: Is a “Clean” Market Really What Speculators Want?
While cleaning up manipulation, it may also involve cleaning up liquidity

