A break below $65,000 would expose deeper retracement toward the yearly low at $60,000. The turnaround in US-listed BTC ETFs has seen cumulative inflows average $56.12 billion, with net assets under management at $87.46 billion. If inflows remain steady this week, sentiment around Bitcoin could improve and back a sustained price recovery. The cryptocurrency market remains on edge on Wednesday despite minor price increases across the board amid significantly depressed sentiment driven by the Iran war. On the shorter timeframe, ETH has been trading inside a falling wedge pattern since the mid-March rejection at $2.4k. The price is currently north of $2.1k after breaking above the upper boundary of the pattern over the past few days.
News
- The US President Donald Trump foresees the Iran war ending in two or three weeks.
- As long as XRP trades below $1.44, rallies are vulnerable to selling interest, while a sustained move above that level would be required to shift the bias toward a more constructive recovery phase.
- This is the lowest level recorded over the past year, and the metric is continuing a decline that accelerated sharply through late 2025 and into 2026.
- Ethereum was first proposed in a 2013 white paper by Vitalik Buterin, who envisioned a platform that could do more than just facilitate digital currency transactions.
- The firm still holds about $300 million worth of SOL, $35 million worth of Bitcoin, and $20 million worth of USDT.
As for XRP, the price holds above $1.35, with a near-term bias mildly bearish as it sits below the downward-sloping trendline. The latest rejection occurred near $1.44 and remains capped by the 50-day, 100-day, and 200-day EMAs, which are clustered between $1.45 and $1.90. The MACD indicator remains below its signal line and has slipped below the zero line on the daily chart, while the negative histogram bars widen, suggesting strengthening bearish momentum. At the same time, RSI at 44 on the same chart points to sub-50 momentum and aligns with fading buying pressure rather than outright oversold conditions. Bitcoin’s immediate resistance is seen around $1.40, where recent highs converge ahead of the descending trendline break level at $1.44. A daily close above this zone is needed to ease downside pressure and expose the $1.51 area next.
While the MACD was bullish at press time, the amount of large transaction volume was declining. The Large Transaction Volume declined by 3x, from $17.5 billion to $5.67 billion. Ethereum was first proposed in a 2013 white paper by Vitalik Buterin, who envisioned a platform that could do more than just facilitate digital currency transactions. After a successful initial coin offering (ICO) in 2014, the Ethereum blockchain officially launched in 2015.
Moreover, the RSI is hovering around the mid-50s, which reflects some stabilization, but that alone is not enough to shift the broader trend. Therefore, a sustained daily close above $2.4k is still the minimum threshold buyers need to target to change the price action regime. These are self-executing contracts with the terms of the agreement directly written into lines of code. They run on the blockchain, so they are transparent, immutable, and don’t require a third party to enforce the terms. Users pay a network fee, known as gas, in Ether to execute these smart contracts and other transactions. Get crypto market analysis and curated news delivered right to your inbox every week.
The descending channel on the daily chart remains fully intact heading into April. ETH continues to print lower strovemont highs beneath a declining 100-day MA (~$2.4k) and 200-day MA (~$3k). The $2.4k resistance band has now rejected the asset decisively after the February low.
Bitcoin Price Forecast: BTC climbs near $69,000 as ETF inflows return, war tensions ease
SoSoValue data shows cumulative inflows totaling $11.56 billion, while net assets average $11.98 billion. In addition to Alameda Research’s selling, other institutions are also shorting the largest altcoin. For instance, a trader linked to Fasanara Capital sold $45 million worth of ETH. Moreover, selling pressure rises amid long liquidations, particularly on big-cap altcoins. Notably, the impact of a potential resolution was already felt on energy markets as WTI oil prices dropped nearly 5% shortly following the report. Simultaneously, the crypto market surged along with U.S. equities such as the S&P 500.
On the downside, initial support comes at $1.33, followed by last week’s low near $1.30. As long as XRP trades below $1.44, rallies are vulnerable to selling interest, while a sustained move above that level would be required to shift the bias toward a more constructive recovery phase. Ethereum’s initial resistance sits at the 50-day EMA near $2,160, followed by the recent swing zone at $2,200 and then the mid-March high around $2,386. A clear daily close above $2,200 would open the way for a retest of $2,386, where previous supply aligns with the broader corrective trend context.
Key facts today
The signals above suggested that, should history repeat itself, Ethereum and Solana might experience a short-term decline. However, if SOL maintains its support and ETH surpasses $2,100, it could invalidate the anticipated price decline. The altcoin may drop to the support at $76 after trading near the range’s lows. This is due to a decrease in network activity as well; in just two months, the number of active addresses dropped from 7 million to 4.69 million.
On the downside, immediate support is seen at $2,050, ahead of the rising trendline area around $1,950, which is the key level to maintain the current bullish bias. A sustained break below $1,950 would expose further weakness toward $1,900 and shift the focus back to a deeper corrective phase. Its near-term bias is mildly bullish as price holds above the rising support trendline that originates near $1,745, keeping the broader recovery structure intact despite recent consolidation.
