Bitcoin is currently experiencing support at approximately $118,000 but may encounter significant selling pressures within the $120,000 to $123,218 range. An influx of over $1 billion into Ether ETFs suggests robust institutional interest. Despite Bitcoin's failure to breach its all-time high, several altcoins have shown strong recovery, notably Ether, which has broken above $4,366. Market predictions indicate that if Bitcoin can stay above its 20-day SMA at $116,779, it could potentially surge to $135,000. Conversely, a drop below this average could indicate a correction to around $114,366 or lower. Ether is also displaying a bullish trend, with a target of $4,868 if it maintains momentum. BNB has been trading in a narrow range, indicating indecision, while Chainlink has shown bullish momentum above $18 but faces resistance near $22.70. Uniswap is holding above its 50-day SMA, indicating sustained buying interest. The overall market sentiment remains cautiously optimistic as key altcoins attempt to rally further.

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