Bitcoin trades at $79470 rangebound with $78K key for longs as altcoins gain while RSI stays neutral and MACD shows death cross.

According to Michaël van de Poppe, falling rates could drive strong upside momentum in altcoins, with $S highlighted after taking liquidity below prior lows and holding strong support, source: Michaël van de Poppe (@CryptoMichNL). According to Michaël van de Poppe, $S also has near-term fundamental catalysts as its testnet is about to go live featuring account abstraction and ETH-compatible Pectra elements, source: Michaël van de Poppe (@CryptoMichNL).

According to Michaël van de Poppe (@CryptoMichNL), Ethereum ($ETH) is exhibiting renewed bullish momentum, breaking a period of relative inactivity. This uptick in $ETH trading volume and price action signals a potential shift in market sentiment toward altcoins, with Ethereum leading the charge. Traders are closely monitoring resistance and support levels as $ETH’s resurgence could influence broader crypto market dynamics, particularly for DeFi and Layer 2 projects tied to Ethereum’s ecosystem (source: Twitter, Michaël van de Poppe, May 8, 2025).