$ETH just had a good recovery from the demand zone 2,830 – 2,870 USDT, but is currently facing strong resistance right above. 1. ETH is touching a key resistance area Price is entering the supply zone 3,080 – 3,150, where ETH was previously sold off heavily. This will be the first barrier for the buyers.
2. MA50 and MA200 are expanding for a recovery trend On the 1H frame: MA50 (blue) has crossed above MA200 (orange) → short-term bullish signal.
BITCOIN Technical Analysis Recovery Trend But Not Safe Enough
$BTC is currently experiencing a good recovery rhythm from the bottom range of 89,000 – 89,500 USDT, but the larger structure on the 4H frame still shows that the market is in a downtrend and needs more time to confirm a reversal. 1. BTC is testing the first resistance zone
Currently, the price is touching the MA50 (blue) on the 4H frame; this is the area where BTC has been rejected many times during the recent decline. If it cannot break through this area, BTC may return to retest the support zone below.
$ETH has just bounced back quite well from the demand zone around 2,750 – 2,820, where the market had reacted strongly many times before. Observe the D1 frame: The price has recovered after a long series of bearish candles, and selling pressure has temporarily weakened. MA50 – MA100 – MA200 are still above, indicating that the short-term downtrend is still intact. The range of 3,100 – 3,180 just above is the nearest resistance, where ETH may encounter profit-taking pressure. If this area is surpassed, ETH may extend its recovery to the range of 3,350 – 3,500.
BTC is having quite a stable recovery after hitting the strong demand zone around 83.5k – 85k.
On the D1 timeframe:
The price has bounced beautifully from the support zone that has been tested multiple times. The short-term downtrend is still present, but the selling pressure has started to weaken. The first target of this recovery lies in the resistance zone 95k–98k. If it can surpass the cluster of MAs above, especially MA50 + MA100, the market may extend the recovery deeper.
BTC Dominance has officially broken below the long-term trend line and is currently at the support range of 58–59%, but the upward momentum is still weak. The market is at a pivotal moment. The major resistance zone is at 61%–62.5%, coinciding with important Fibonacci levels, meaning any retest towards this zone may struggle to break higher if the buyers do not show clear strength.