With the uncertainty surrounding tariffs reducing and several other significant developments, volatility in cryptomarkets has increased.
Following a six-month negative period and a three-month steady decline, volatility is now rising in favor of the bulls. The current conditions remind us once again that the decline in cryptocurrencies will not be constant. So, what are the expectations for altcoins?
Ethereum (ETH)
As of the time of writing, Ethereum (ETH) 
$2,370, the largest altcoin by market value, is priced at $2,345, marking a 20% increase over the past 24 hours. While 20% declines can be shocking and surprising, the experience over the recent hours has been comparably unexpected. This might herald a larger rebound in progress.
The ETHBTC pair had been moving downward and sideways for a long time, but a steep rise has finally ended this nightmare. Currently, as per the DaanCrypto analysis, some movement has occurred after years of sitting at historically low volatility levels. Although it is likely to continue fluctuating for some time, the past two days have been rather intense.
“It took long enough for ETH, but after years at historically low volatility levels, we finally saw some movement in this pair. It is likely to remain volatile for a while, but the last two days were quite insane.”
The 0.0239 BTC level was tested in the ETHBTC pair, and maintaining 0.02251 is crucial to hold on to hopes of further rise. After the historical bottom, we need to witness a historic rebound here as well. The levels of 0.03423 and 0.04 BTC are short-term targets. Achieving these targets would likely reverse the excessive sell-offs experienced in altcoins over the past few months.
Altcoins Rally
None of us can foresee the future, and without Trump’s actions concerning chips and tariffs, today’s rise might not have been triggered. However, the surge has begun, and surprise announcements this time favored the bulls. As mentioned for months, PEPE Coin responded most robustly to ETH’s rise, increasing by over 40%. This was an anticipated climb.
Cryptocurrencies like ENA, BRETT, and FARTCOIN also gained over 20%.
Stockmoney Lizards, sharing the graph above, stated that the total market value of cryptocurrencies is heading towards an $8.5 billion peak but warned against sudden declines.
