Key points:

Bitcoin holds on to its recent gains, increasing the possibility of a retest of the all-time high at $109,588.

BlackRock’s spot Bitcoin ETF records 19 days of successive inflows, showing solid demand. 

Select altcoins are showing strength, having broken out of their large basing patterns.

Bitcoin (BTC) made a decisive move above the psychologically crucial $100,000 level during the week, signaling that the bulls are back in the game. Buyers are trying to hold on to the 10% weekly gains over the weekend.

Bitcoin’s rally has been backed by solid inflows into the BlackRock spot Bitcoin exchange-traded fund (IBIT). According to Farside Investors’ data, the fund stretched its inflows streak to 19 days, with the latest trading week attracting $1.03 billion in inflows.

Crypto market data daily view. Source: Coin360

The rally was not limited to Bitcoin alone, as several altcoins also moved higher. That has prompted analysts to announce the start of an altseason, with some predicting sharp rallies in altcoins over the next few months. However, not everyone believes that an altseason has started because the altcoins have only made modest moves compared to the massive price erosion from their respective all-time highs.  

Could Bitcoin break out to a new all-time high and maintain it? If it does, let’s study the charts of the cryptocurrencies that may move higher in the near term.

Bitcoin price prediction

Bitcoin has been gradually inching toward the all-time high of $109,588, indicating that the bulls are in no hurry to book profits.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The rally has pushed the relative strength index (RSI) into the overbought zone, suggesting a correction or consolidation in the near term. Any pullback is expected to find support between $100,000 and the 20-day exponential moving average ($96,626). If the price rebounds off the support zone, it increases the possibility of a break above $109,588. If that happens, the BTC/USDT pair could surge toward $130,000.

Time is running out for the bears. If they want to make a comeback, they will have to swiftly yank the price below the 20-day EMA. If they succeed, the pair could plunge to the 50-day simple moving average ($88,962).

BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair continues to climb higher, but the bears are expected to fiercely defend the $107,000 to $109,588 zone. If the price turns down from the overhead zone, the 20-EMA is likely to act as strong support. A bounce off the 20-EMA signals that the bullish momentum remains intact. That enhances the prospects of a breakout above $109,588.

Sellers will have to tug the price below $100,000 to weaken the positive momentum. That opens the doors for a fall to $93,000 and subsequently to $83,000.

Ether price prediction

Ether (ETH) skyrocketed from $1,808 on May 8 to $2,600 on May 10, indicating aggressive buying by the bulls.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The up move pushed the RSI into the overbought territory, indicating a minor pullback or consolidation is possible in the near term. The first support on the downside is $2,320 and then $2,111. If the price turns up from the support levels, the ETH/USDT pair could extend the rally to $2,850 and later to $3,000.

The optimistic view will be invalidated in the near term if the price breaks below $2,111. That could result in a range formation between $1,754 and $2,600.

ETH/USDT 4-hour chart. Source: Cointelegraph/TradingView

The bulls pushed the price above the $2,550 resistance but could not sustain the higher levels. A minor positive in favor of the bulls is that they have not ceded much ground to the bears. That suggests the bulls are holding on to their positions as they anticipate the up move to continue. If the price turns up from the current level of the 20-EMA and breaks above $2,609, the rally could reach $3,000. 

A deeper correction could begin if the price continues lower and plummets below the 20-EMA. That could sink the pair toward the solid support at $2,111.

Dogecoin price prediction

Dogecoin (DOGE) soared above the $0.21 overhead resistance on May 10, indicating a change in the short-term trend.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The rally is facing selling at $0.26, which could result in a retest of the breakout level of $0.21. If the price rebounds off $0.21 with strength, it suggests a change in sentiment from selling on rallies to buying on dips. That increases the likelihood of a rally to $0.31. 

If buyers want to prevent the upside, they will have to pull the price below the 20-day EMA ($0.19). If they do that, the DOGE/USDT pair could swing inside a large range between $0.26 and $0.14 for a while. 

DOGE/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair has turned down from $0.26, with immediate support at $0.22 and then at $0.21. If the price rebounds off the support zone, it suggests a positive sentiment where dips are being purchased. The bulls will then again try to resume the uptrend by pushing the price above $0.26.

Conversely, a drop below $0.21 signals that the bulls are rushing to the exit. That could pull the price to the 50-day SMA.

Related: Ethereum to $10K ‘can’t be ruled out’ as ETH price makes sharp gains vs. SOL, XRP

Pepe price prediction

Pepe (PEPE) rallied sharply from the 50-day SMA ($0.000008) and broke above the $0.000011 overhead resistance on May 8.

PEPE/USDT daily chart. Source: Cointelegraph/TradingView

The rally has pushed the RSI into the overbought zone, signaling a pullback may be around the corner. The PEPE/USDT pair could drop to the breakout level of $0.000011. If the price rebounds off $0.000011, it suggests that the bulls have flipped the level into support. That improves the prospects for a rally to $0.000017 and then to $0.000020.

This optimistic view will be negated in the near term if the price turns down and breaks below the 20-day EMA ($0.000009).

PEPE/USDT 4-hour chart. Source: Cointelegraph/TradingView

The 4-hour chart shows that the bears are aggressively defending the $0.000014 level. That could pull the price down to the 20-EMA, which is a vital level to keep an eye on. If the price rebounds off the 20-EMA, the bulls will make another attempt to shove the pair above $0.000014. If they can pull it off, the pair could ascend to $0.000017.

On the contrary, a break and close below the 20-EMA could sink the pair to $0.000011. Buyers are expected to defend the $0.000011 level with all their might because a slide below it may extend the pullback to the 50-SMA.

Cosmos price prediction

Cosmos (ATOM) broke out of the large base when it closed above $5.15 on May 10. That signals a potential trend change.

ATOM/USDT daily chart. Source: Cointelegraph/TradingView

However, the bears are unlikely to give up easily. They will try to pull the price back below the $5.15 level. If they manage to do that, the aggressive bulls may get trapped, pulling the price to the moving averages. 

Alternatively, if buyers sustain the price above $5.15, the ATOM/USDT pair could pick up momentum and rally to $6.50. Sellers will try to halt the up move at $6.50, but if the bulls prevail, the pair could rally to $7.50.

ATOM/USDT 4-hour chart. Source: Cointelegraph/TradingView

The sharp rally has pushed the RSI into the overbought zone on the 4-hour chart, suggesting a short-term correction or consolidation. The bulls will have to defend the critical $5.15 level if they want to keep the positive momentum intact. If they manage to do that, the pair could rally to $6.60.

Contrarily, a break and close below $5.15 could pull the price down to the 20-EMA. This is an important level to watch out for because a break below it may sink the pair to $4.70.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Key Takeaways:

Veteran trader Peter Brandt suggests a potential Ethereum rally to $3,800–$4,800 if ETH breaks above a rising wedge pattern.

A short-term pullback may occur as the taker buy-sell ratio drops below one, signaling caution from futures traders.

Ethereum’s native token Ether (ETH) opened its weekly candle at $1,807 on May 7, and now it is close to recording its highest 7-day returns of 38% since December 2020.

Ether also surpassed its realized price for accumulating addresses ($1,900), which is the average cost basis for holders, signaling profits for users. As illustrated in the chart, most of the buying pressure for ETH came from Binance, which is currently the most active exchange for ETH traders.

Ethereum realized price. Source: CryptoQuant

Elevated activity at Binance and an uptick in outflows reflect strong trader confidence, liquidity, and sustained bullish momentum in the current market.

“Moonshot” rally to new highs for Ethereum

In a recent X post, veteran trader Peter Brandt highlighted a developing market structure that could pave the way for an Ethereum rally, provided the altcoin breaks through a key “congestion” pattern. Brandt identified a rising wedge formation on the chart—a pattern often considered bearish.

Ethereum analysis by Peter Brandt. Source: X.com

However, he suggested that a breakout above this pattern could propel Ethereum’s price toward the descending resistance line, targeting a range between $3,800 and $4,800.

This analysis marks a notable shift in Brandt’s outlook from 2024, aligning with the renewed optimism for the altcoin.

Ethereum futures saw a 42% surge in open interest (OI), climbing from $21.3 billion to $30.4 billion between May 8 and May 11, 2025. Nearing its all-time high of $32 billion, this spike reflects heightened market activity and growing trader engagement. The rapid increase in OI signals strong interest in Ether futures, potentially paving the way for increased price volatility.

Ethereum futures open interest. Source: CoinGlass

Related: Altseason is coming, 40% daily gains to become ‘new normal’ — Analyst

Ethereum’s higher-time frame (HTF) chart reflects a price rise on the weekly chart, where the altcoin has jumped toward the 50 and 100-week exponential moving averages (EMAs) over the past couple of weeks. Historically, such a recovery marks a price bottom but could also signal the beginning of a small correction period after the EMAs retest.

Ethereum weekly chart analysis. Source: Cointelegraph/TradingView

Using Fibonacci retracement levels, ETH has retested the 0.5 to 0.618 range (orange box), which aligns with a price level of $2,500. This retest represents the first leg of the recovery, but a short-term pullback may occur before further bullish action unfolds.

With ETH prices moving at a parabolic rate over the past few days, liquidation heatmaps noted higher buy-side liquidity between $2,200 and $2,400, after a short-squeeze took prices up to $2,608.

Ethereum taker buy-sell ratio. Source: CryptoQuant

Similarly, the taker buy-sell ratio is beginning to slow down and dropped below 1 on May 10. The ratio of buy volume divided by sell volume of takers in perpetual swap trades indicates futures sentiment, and a ratio below 1 implies short-term bearishness.

Thus, traders could approach the coming days more cautiously, with ETH consolidating under the $2,500 level.

Related: Ethereum price greenlit for further upside after surprise 29% ETH rally

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The Lido Decentralized Autonomous Organization (DAO), the entity that governs the Lido liquid staking protocol, has initiated an emergency vote to rotate a compromised oracle — a bridge that connects real-world data to blockchain systems.

According to members of the Lido DAO, an address belonging to the Chorus One oracle was compromised, and the Ether (ETH) balance associated with that oracle was drained in an incident still being investigated.

Lido Finance emphasized that the issue is restricted to the Chorus One oracle and is not system-wide. The team also said the problem was not due to a coding problem in any particular blockchain oracle or software.

Source: Lido Finance

Chorus One added that the exploit was likely attributable to a hot wallet private key leak but is also setting up a new machine to ensure security moving forward.

The incident highlights the need for robust cybersecurity measures in decentralized finance (DeFi) as the world’s monetary, trade, and business systems move onchain in ever more complex digital systems that have large attack surfaces.

Related: Mobius Token smart contracts on BNB Chain exploited, $2.1M drained

Cybersecurity remains a critical issue for crypto and DeFi

Hacks, cybersecurity exploits, and other malicious attack vectors remain a major problem for crypto. As digital finance expands to encompass more services, attack methods become more sophisticated.

Cybersecurity firm Hacken released a report outlining the damage done by hacks, scams, and cybersecurity exploits in Q1 2025 and found that over $2 billion in crypto was lost due to malicious activity.

The vast majority of the stolen funds were attributed to the $1.4 billion Bybit hack in February 2025, which skewed the findings of the report.

A graphic breaking down the crypto lost to hacks, cybersecurity exploits, code vulnerabilities, and scams in Q1 2025. Source: Hacken

According to the cybersecurity firm, crypto hacks were responsible for $357 million in losses in April 2025, a significant increase from losses incurred in March.

Hacken CEO Dyma Budorin told Cointelegraph at Token2049 that the crypto industry needs to adopt more robust cybersecurity and code auditing measures to stem the tide of hacks and exploits plaguing the asset sector.

Cybersecurity threats in crypto have become so pronounced, particularly from hacking groups associated with the Democratic People’s Republic of North Korea (DPRK), that G7 countries could discuss the impact of the hackers and how to neutralize these threats at the next G7 Summit.

Magazine: Crypto-Sec: Evolve Bank suffers data breach, Turbo Toad enthusiast loses $3.6K