Bitcoin (BTC) continues to trade with cautious optimism as it consolidates above key support levels. As of April 28, 2025, Bitcoin is priced around $94,770, with intraday movements between a low of $92,953 and a high of $94,783. Despite multiple attempts, bulls have yet to decisively break through the psychological resistance at $95,000.
The short-term 1-hour Relative Strength Index (RSI) currently sits around 45, suggesting neutral momentum. Meanwhile, the 4-hour Moving Average Convergence Divergence (MACD) shows a bullish crossover, pointing to a slight upside bias. Bitcoin remains firmly above its 50-day moving average, reinforcing a broader bullish structure despite the near-term indecision.
Immediate resistance remains at $95,000, a level that has repeatedly capped upward moves over the past sessions. A successful breakout above this level would likely propel Bitcoin toward the next major resistance at $96,000, where further selling pressure could emerge.
On the downside, support is well-established at $93,000, with additional cushioning at $92,000. Buyers have shown resilience around these zones, and a break below could signal deeper retracement, potentially leading to increased volatility.
The short-term outlook for Bitcoin remains cautiously bullish. Consolidation above $93,000 indicates that buyers are absorbing selling pressure, but a convincing move above $95,000 is needed to trigger renewed bullish momentum. Without a breakout, Bitcoin risks drifting lower to retest critical support zones.
Volume remains relatively muted, suggesting that the next significant move will likely come after a major catalyst or a sharp shift in market sentiment. Traders should remain vigilant around key technical levels and watch for a spike in volume to confirm any breakout or breakdown.
As Bitcoin navigates these tight ranges, the market’s next move could set the tone for early May trading — with bulls aiming for a $96,000 retest, and bears looking for cracks below $93,000.
Ethereum (ETH) remains in a consolidation phase, holding key support levels amid a broader market slowdown. As of April 28, 2025, Ethereum is trading at approximately $1,806, reflecting a slight 24-hour decline of 0.08%. Intraday, ETH has ranged between a low of $1,760.59 and a high of $1,812.22, suggesting reduced volatility but growing tension for a potential breakout.
The 1-hour Relative Strength Index (RSI) is currently around 50, indicating a neutral market momentum without clear overbought or oversold conditions. On the 4-hour timeframe, the Moving Average Convergence Divergence (MACD) line remains above the signal line, hinting at a mild bullish bias. Ethereum also continues to trade above its 50-day moving average, reinforcing the underlying positive structure despite the short-term indecision.
On the upside, Ethereum faces immediate resistance at $1,824.70, a price level that has consistently rejected bullish advances over the past week. A successful breakout above this zone could open the path toward the next significant resistance at $1,892.79, which was briefly tested earlier this month.
On the downside, ETH finds immediate support at $1,700, a psychological barrier and recent low. Should sellers push the price below this level, deeper support is located around $1,623.71, an area where strong buying interest has previously emerged.
Ethereum’s current trading range reflects a market waiting for confirmation. A breakout above $1,824.70, particularly with increased volume, would likely trigger renewed bullish momentum toward $1,890 and beyond. Conversely, a failure to hold the $1,700 support level could invite a deeper retracement, increasing bearish pressure.
With market volumes relatively muted, traders are advised to monitor key levels closely and watch for a surge in buying or selling activity to confirm the next directional move. Patience and disciplined risk management will be crucial as Ethereum approaches a likely inflection point.