Cryptocurrency prices are poised to extend gains following a bullish end to April. The recovery witnessed in the broader market reflects growing interest among retail investors, with select top 200 altcoins, such as ImmutableX (IMX), Morpho, and Turbo, flying the bullish flag high, with the highest gains over the past 24 hours.
Ethereum price has been consolidating between $1,700 and $1,861 since last week. At the time of writing on Friday, it is nearing its upper consolidating boundary at $1,861. If ETH breaks and closes above the daily resistance at $1,861, it could extend the rally to retest its psychological importance level at $2,000.
Bitcoin price crosses $97,340 on Friday as a Q1 report published by Michael Saylor-led Strategy signals rising institutional demand, brushing off altcoin ETF filing delays. Bitcoin extended its recent rally on Thursday, bouncing by more than 3% to hit a 70-day peak of $97,310 amid rising institutional inflows and bullish sentiment from recent altcoin ETF filing.
