Bitcoin (BTC) and Ethereum (ETH) are currently navigating pivotal price movements influenced by ETF inflows and upcoming network upgrades. According to Ryan Lee, Chief Analyst at Bitget Research, **BTC could target $102,000 (~¥15.3M)**, while ETH eyes $2,800 (~¥420K) amid optimism around the Pectra upgrade.
Below, we break down the key factors shaping their price trajectories.
Bitcoin’s Price Drivers: ETF Inflows Take Center Stage
BTC is trading between $85,000–$102,000 (~¥12.75M–¥15.3M), with its March 3 rally largely attributed to ETF-driven capital inflows.
👉 Track real-time BTC ETF data
Critical Price Levels to Watch
- Resistance: $100,000 (~¥15M)
- Support: $91,000 (~¥13.65M)
If ETF inflows accelerate, BTC may surge past $102,000. However, the upcoming halving’s impact typically manifests after a year, potentially capping prices at **$95,000–$100,000** until April. A drop below $85,000 could trigger a slide to $80,000 (~¥12M), especially if ETF momentum wanes.
Ethereum’s Catalyst: Pectra Upgrade and BTC Correlation
ETH trades within $2,300–$2,800 (~¥34.5K–¥42K), with the Pectra upgrade (scheduled for March 2025) poised to be a game-changer. Successful testing could propel ETH to $3,800–$4,000 (~¥57K–¥60K).
Technical Outlook
- RSI: 27.94 (oversold)
- 25-day SMA: $2,590 (~¥38.85K)
ETH’s recovery hinges on holding the $2,590 support. A BTC breakout above $100,000 may lift ETH to $2,600–$2,800, while a BTC dip below $85,000 risks pushing ETH to $2,200 (~¥33K).
FAQ: BTC and ETH Price Dynamics
1. Will BTC hit $102,000 soon?
Yes, if ETF inflows remain strong. However, the halving’s delayed impact may temper short-term gains.
2. What’s ETH’s upside potential post-Pectra?
The upgrade could drive ETH to $3,800–$4,000, assuming smooth implementation and bullish BTC trends.
3. Are BTC and ETH currently oversold?
ETH’s RSI suggests oversold conditions, but BTC’s outlook depends on ETF flows and macroeconomic factors.
👉 Explore ETH upgrade insights
Short-Term Technical Analysis
BTC
- Trend: Upward, but showing signs of short-term retracement.
- Key Levels: Support at $85,000; resistance at $95,000.
- Indicators: RSI and MACD signal potential consolidation.
ETH
- Trend: Neutral with slight bullish bias.
- Breakout Watch: A close above $2,400 confirms bullish momentum.
Final Outlook
- BTC: Focus on the $100K threshold. Halving-related volatility may limit near-term rallies.
- ETH: Pectra optimism and BTC correlation are critical. Monitor the $2,590 support for recovery signals.
Stay tuned for updates as these catalysts unfold!
Note: FX rate used: ¥150 = $1.
Source: Bitget Research