News: The market sentiment is cautiously optimistic, driven by cooler-than-expected inflation data (PCE) which bolsters hopes for Federal Reserve rate cuts, leading to a rally in US stock indices. This positive macroeconomic backdrop, coupled with ongoing narratives around the Bitcoin halving's delayed impact and the anticipation of Ethereum ETFs, suggests a potential for upward price movement in cryptocurrencies. Institutional adoption continues to be a strong theme, with major players increasing their exposure to Bitcoin ETFs.

Market Probabilities: 
Bull 60% | Base 30% | Bear 10%

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.6499999999999999, "key_reason": "The approval of spot Ether ETFs mirrors the positive impact seen with Bitcoin ETFs, signaling increa"}