South Korean crypto exchange Bithumb announced a corporate restructuring, set to complete by July 31, 2025. The company will spin off non-exchange businesses into a new entity called “Bithumb A” to reduce risks and boost efficiency. This move is part of Bithumb’s preparation for its planned IPO, which could take place in the Korean market or on Nasdaq. Last year, Bithumb reported a net profit of $110 million, a 560% increase from the previous year.
Bitcoin (BTC) has been on a downtrend since February 21, dropping 23% in less than 18 days. Despite this bearishness, a veteran trader and analyst explains his ideal scenario for a Bitcoin price bottom and a bullish reversal that leads to a $100,000 revisit.
Ideal Scenario for a Bitcoin Price Bottom According to Analyst
Due to the 23% crash in Bitcoin price from a high of $99,431 to $76,560, the outlook for crypto markets has been bearish, at least until BTC forms a potential bottom. RektProof, a veteran trader who turned $500 to nearly $360K, posted his thoughts on a potential Bitcoin bottom.
According to this expert, Bitcoin price will likely form a bottom in the high time frame demand zone, extending from $73,000 to $65,000. This means that RektProof is expecting another leg down, i.e., after the sweep of the recently formed local high of around $83,000.
Analyst’s Ideal Scenario For Bitcoin Price Bottom Before $100,000 BTC/USDT 1-hour chart
Analysts’ Price Targets After BTC Bottoms?
To predict Bitcoin price targets after a potential bottom formation, the analyst considers the 21% price swing between February 28 and March 2, extending from $78,200 to $94,984. A sweep of $78,200 into a high time frame demand zone could lead to a rally that revisits roughly $95K.
However, this is the short-term Bitcoin price rally that the analyst is expecting. From a long-term perspective, RektProof expects a dip into the HTF demand zone to be a bottom that leads to a new all-time high of $130,000.
BTC/USDT 1-hour chart
So, the expert forecasts two Bitcoin price targets, one at $95,000 and the other at $130,000.
Bitcoin’s Options Data Hints Investors Are Hedging for Further Downside
According to a researcher and analyst, CNO, the bottom is still not in and indicates that the “(crypto) market is still hedged for downside.” CNO sends a warning signal for eager bulls, indicating that there might be another flush to the downside before Bitcoin price reenters the $85,000 to $95,000 range.
The basis for his prediction is options data that measures the call and put options pricing over time to gauge market sentiment and potential price direction.
BTC Options
In other tweets, CNO highlights that this flush will likely occur in the next few days due to the blood moon lunar eclipse that will catalyze heightened volatility for crypto markets, including BTC’s value.
So, the overall Bitcoin price forecast from two analysts suggests another temporary but downside move that could lead to a bottom formation before BTC price targets $100K or a new ATH at $130K.
Ethereum price dips below $1,800 lagging behind Bitcoin to start the week, but Vitalik’s Layer-Zero update renews optimism for ETH’s long-term growth, after recent criticisms from Cardano Founder, Charles Hoskinson.
Ethereum (ETH) Lags as Crypto Market Leans Towards Positive Start to the Week
Ethereum (ETH) has opened the week on a weak footing, sliding 2.9% to $1,783.53 as broader crypto markets flashed mixed signals. Meanwhile Bitcoin (BTC) posted a strong 1% gain to reclaim $95,100.
The current data shwos Ethereum lagged behind, extending a weekend correction that now sees ETH trading near the lower end of its 24-hour range between $1,782.07 and $1,848.73.
Ethereum price action, April 28 | Coingecko
Despite short-term dip, a closer look and mid-term price action shows bullish dominance as U.S. President Trump’s softened stance on tariffs. At the time of publication, CoinGecko data shows ETH’s weekly returns standing at +12.4%, compared to Bitcoin’s +10.6%. However, on the monthly view, ETH’s 6.0% gain trails BTC’s double-digit surge.
This divergence reflects active capital rotation as trader leverage the volatile macro sentiment to execute short-term plays.
Vitalik shares Layer-Zero Update after Charles Hoskinson’s criticism
Hoskinson’s remarks fueled debate across crypto media channels about Ethereum’s long-term viability, as Layer-2 networks like Arbitrum and Optimism increasingly capture user activity and fees.
In an indirect but timely response, Ethereum co-founder Vitalik Buterin shared a major Layer-Zero scalability update on Sunday.
Through his vitalik.eth account, Buterin reposted product launch documentation from LayerZero Labs and Succinct Labs, proposing a shift from the EVM (Ethereum Virtual Machine) to a more efficient zkVM system using RISC-V standards.
According to the reposted research this update would expand Ethereum’s network capabilities by:
Up to 832× fewer cycles than current EVM interpreters
95.7% reduction in proving cycles via precompiles
30× throughput increase with GPU acceleration
346MB → 1.5MB proof compression via recursion
These Layer-Zero vApps (Verifiable Applications) technology aims to combine Web2-level performance with Web3 verifiability, offering a new path to scaling Ethereum without excessive reliance on Layer-2 networks.
How Could Vitalik’s Layer-Zero Update impact Ethereum Price?
If successfully implemented, Vitalik’s Layer-Zero framework could reshape Ethereum’s scalability narrative, potentially alleviating long-term fears about ecosystem fragmentation
A transition to high-efficiency zkVM infrastructure could enhance Ethereum’s competitiveness against newer chains and reduce fees directly on the Layer-1 base.
Ethereum’s Vitalik Buterin issues proposal to replacing the EVM with RISC-V | Source: x.com/pumatheuma
In the short term, however, Ethereum price forecast hangs in the balances as it continues to languish below $1,800 and remains sensitive to short-term risks as Bitcoin’s dominance rises.
Ethereum Price Forecast Today: ETH Eyes $2,875 Target After Falling Wedge Breakout
Ethereum (ETH) currently trades at $1,780 as of Monday April 28, printing a falling wedge pattern after 12% gains last week.
This technical pattern suggests a bullish reversal for ETH price with the a critical target at $2,850, as marked by the red vertical dotted projection on the chart.
Notably, the Parabolic SAR (Stop and Reverse) indicator, plotted as blue dots below the recent candles, reinforces the bullish trend, suggesting that buyers are now in control after months of selling pressure.
Ethereum price forecast today
Supporting this upside scenario, the Fisher Transform indicator shows strong positive momentum, currently reading 2.22, indicating overbought conditions but also underlying strength. While a minor pullback cannot be ruled out, the mid-term momentum still leans heavily in favor of the bulls.
Still, failure to maintain the support cluster around the Parabolic SAR level at $1,569 could invalidate the bullish thesis, likely making the $1,385 low as a potential bearish target.
US President Donald Trump has warned of what could happen to the US economy if the Fed Chair Jerome Powell refuses to act fast and cut interest rates. This is significant considering how a slowdown in the US economy could impact the crypto market.
Donald Trump Sounds Warning If Jerome Powell Refuses To Cut Rates
In a Truth Social post, Donald Trump stated that there can be a “slowing of the economy” unless Fed Chair Jerome Powell lowers interest rates. He affirmed that, with costs trending downward, it is almost impossible for inflation to occur, but a recession may be on the cards if Powell and his team fail to act.
This marks the US president’s latest call to Powell to cut interest rates. Trump alluded to the fact that the EU has already lowered rates seven times while the Fed Chair is yet to act. Interestingly, he accused Powell of lowering rates only last year to help Joe Biden and Kamala Harris win the Election, although that didn’t ultimately happen.
Despite Donald Trump urging Jerome Powell to cut rates, the Fed Chair has so far shown that has has no intention to lower interest rates. Instead, in a recent speech, Powell warned that Trump’s tariffs could lead to higher US inflation, suggesting that this is why the FOMC is refusing to ease its monetary policies just yet.
Meanwhile, with Powell refusing to lower interest rates, there are discussions that the US president could soon fire the Fed Chair. However, traders are betting against this happening and assert there is little chance it will happen this year.
Market expert Anthony Pompliano warned Trump against firing Powell, while Senator Elizabeth Warren stated that the stock market would crash if the US president did so. There is also the possibility that the crypto market could crash alongside the stock market.
Despite Jerome Powell’s hesitation to heed Donald Trump’s calls to lower interest rates, experts still predict that there will be several Fed rate cuts this year. Citigroup expects the Fed to deliver an interest rate cut in June and maintains that there will be a total of 125 basis points (bps) of cuts this year.
Bank of America also recently predicted that there will be four interest rate cuts this year. They expect the first one to come at the May FOMC meeting, with the others coming in July, September, and December, respectively.
