Crypto Market Takes a Dip: What's Next for Bitcoin and Ethereum?

Crypto prices took a hit recently. Bitcoin and Ethereum both dropped after new data showed inflation is rising. This news made investors nervous. They worry that prices might keep going up, which could hurt crypto values. A well-known crypto expert pointed out that Ethereum and other altcoins tried to reach a key price level. This level is a major resistance point, meaning it's a price that's hard to break through. But after the inflation news, these coins were pushed back down. Bitcoin also tried to break through a resistance level. But it didn't have enough strength to do it. Both Bitcoin and Ethereum are now at their last big resistance levels for this market cycle. The expert advised traders to be careful. He said not to buy at these resistance levels. He believes these levels will hold unless something big happens in the economy. Looking ahead, everyone is watching Jerome Powell's upcoming speech. He's the head of the U. S. Federal Reserve. His words could move the market. Bitcoin's dominance is also important. It's currently around 58%. This is seen as a strong support level. If it breaks below this, it could mean the end of the current Bitcoin cycle. The expert thinks there might be another chance to break these resistance levels. But for now, traders should wait and see.