*Bitcoin and Ethereum traded sideways near recent highs, with total market cap steady above $4T despite slower momentum.
*The Crypto Fear & Greed Index rose to neutral (52), signaling improving confidence as ETF inflows provide institutional support.
*Fed easing, steady inflows, and stronger sentiment point to potential for a renewed rally toward all-time highs.
The cryptocurrency market held near recent peaks during the latest session, with Bitcoin and Ethereum trading in a tight range as investors digested the Federal Reserve’s recent rate cut and its implications for risk assets. Total crypto market capitalization remained above $4 trillion, reflecting sustained institutional and retail interest despite a temporary slowdown in upward momentum.
The Crypto Fear and Greed Index improved to a neutral reading of 52, up from earlier “fear” levels, indicating a stabilization in market sentiment. However, near-term price action has been subdued as record-breaking rallies in U.S. equities—with the S&P 500, Nasdaq, and Dow Jones all reaching all-time highs—have diverted some short-term speculative capital away from digital assets.
Underlying demand remains supportive. Crypto-focused exchange-traded funds (ETFs) have continued to see net inflows, providing a steady base of institutional buying that has helped mitigate downside volatility. Historically, cryptocurrencies have performed well in environments characterized by monetary easing, and the Fed’s dovish pivot is expected to continue lending structural support to the asset class.
While consolidation may persist in the near term as markets await fresh catalysts, the combination of accommodative monetary policy, steady ETF inflows, and improving sentiment suggests the potential for a renewed push toward all-time highs in the weeks ahead.
Bitcoin, the world’s largest cryptocurrency by market capitalization, has gained nearly 10% from its recent trough near $107,300 and is now approaching a key resistance at the 61.8% Fibonacci retracement level of $118,000. A decisive break above this threshold would mark a strong bullish signal, suggesting BTC has fully exited its prior downtrend and could be on course to retest its all-time high above $123,000.
Momentum indicators reinforce the bullish bias. The RSI has hovered consistently above the midline over the past two weeks, while the MACD remains well above the zero line, both pointing to sustained upward momentum that could support further gains in the near term.
Resistance level: 123,230.00, 129,150.00
Support level: 112,450.00, 108,250.00
Ethereum has retraced from its recent bullish run after a structural break near the $4,260 level but has since found support at the critical 61.8% Fibonacci retracement level of $4,468. The successful rebound above this threshold signals renewed bullish momentum, with price action suggesting the potential for further upside.
Momentum indicators echo the constructive outlook. The RSI has held above the midline, while the MACD is showing early signs of recovery above the zero line—both pointing to fresh bullish momentum forming in alignment with the rebound in price.
Resistance level: 4770.50, 5022.55
Support level: 4555.00, 4333.80
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