Bitcoin and Ethereum Price Predictions: Will ADP Non-Farm Employment Data Result in a Range Breakout for BTC and ETH?

cryptonews.com:

Bitcoin (BTC), potentially the most popular cryptocurrency in the world, maintained its winning run and gained some significant traction toward the $28,500 mark. Meanwhile, Ethereum (ETH), the second largest cryptocurrency, extended its upward direction and reached an eight-month high of $1,900 mark.

However, the continuous bullish rally in the crypto market was mainly influenced by ongoing liquidity issues in the financial sector, which have the potential to impact both traditional and digital asset markets. 

Investors will watch for any instability or volatility in this sector since it might impact the rest of the financial system.

On the other side, Ethereum's upcoming Shanghai upgrade, scheduled for April 12, was seen as another key factor that led to a general rise in the crypto market. 

Thereby, many investors are keenly analyzing Ethereum's performance in the run-up to the upgrade, hoping that it will stimulate development in the entire crypto market.

Investors seem to be hopeful about the cryptocurrency market in April, as historical statistics show that the month has been fruitful for cryptocurrencies such as Bitcoin and Ethereum, with recent increases and rising popularity in the crypto industry. 

It is worth recalling that Bitcoin has already gained 23% in March and is up 67% year to date. This is why, investors remain bullish on the prospect of fresh all-time highs in the coming weeks.

Bitcoin has been on the rise, experiencing a significant surge lately, even amid Tuesday's larger-than-expected decline in US job vacancies. However, the recent decrease in US job openings may suggest an easing in labor market conditions, which could potentially limit gains in the Bitcoin price rally.

According to the monthly Job