Cryptocurrencies Price Prediction: Ethereum, Dogecoin & Crypto – European Wrap 1 May

Ethereum Weekly Forecast: ETH rebounds from key support despite macro headwinds

Ethereum (ETH) shows signs of recovery, trading above $2,280 on Friday after finding support at a crucial level, offering some relief following 3.5% decline so far this week. However, fading institutional demand, alongside the Federal Reserve’s (Fed) hawkish tone and uncertainty around the US-Iran peace talks, continues to pressure risk sentiment. This combination leaves ETH traders cautious in a situation where a sustained rebound or further downside move could define its near-term trend.

Dogecoin Price Forecast: DOGE flashes bullish signal as momentum builds

Dogecoin (DOGE) trades above $0.1000 at press time on Friday, building bullish momentum within its fourth straight day and having registered roughly 10% gains so far this week.  The meme coin is gaining retail traction in the leverage market and among large wallet investors, commonly known as whales, fueling a short-term recovery. 

Equities once again buoy the crypto market, but Ethereum is a cause for concern

The crypto market capitalisation rose by 1.29% over the past 24 hours to $2.57 trillion, supported by the Nasdaq-100 and S&P 500 indices hitting impressive new all-time highs. Furthermore, the strengthening of the Japanese yen caused the dollar index to fall, lowering the benchmark. The top performers were Zcash (+5%), Dash (+4.8%) and Aptos (+3.4%). The underperformers among the top coins were Theta (−1%), Cosmos (−1.4%) and NEAR (−1.4%).