As we mentioned yesterday, Bitcoin (BTC) has maintained a strong upward momentum over the past 24 hours, pushing steadily toward the $86,000 mark—and potentially beyond—as of this writing. The resilience in BTC price action continues to stand out, even as the broader altcoin market remains relatively subdued, lacking the same level of enthusiasm seen in the Bitcoin rally.
Fundamentally, Bitcoin’s case is growing stronger by the day. Recent reports suggest that the United States may consider allocating funds generated from tariffs to bolster its BTC reserves, a move that could further legitimize Bitcoin’s position as a strategic asset on the global stage. In parallel, the narrative of Bitcoin as a store of value—akin to digital gold—has been gaining traction, particularly over the past few months. This shift in perception is playing a pivotal role in reinforcing the bullish outlook around BTC.
Looking ahead, immediate resistance levels can be expected around the $88,000 zone, followed by a key psychological barrier near $90,000. On the downside, support remains solid around the $82,500 level and further below at the $78,000 region—levels that have consistently held over recent weeks and continue to act as strong demand zones.
Ethereum (ETH) prices continue to show signs of recovery, but the upward momentum appears to be stalling around the $1,680 mark, which is shaping up to be a strong resistance level in the short term. The daily chart structure suggests a bearish tilt, with price action exhibiting signs of exhaustion rather than strength. Despite Bitcoin’s impressive rally, ETH has yet to display the same level of conviction, and we remain cautious about the sustainability of its recovery.
From a trading perspective, we believe it may be more prudent for traders to explore short opportunities at key resistance levels such as $1,680, $1,800, and $2,000, rather than chasing longs in the current setup. Until there is a decisive breakout above these levels with volume confirmation, any upward movement is likely to face heavy selling pressure.
Broader altcoin market sentiment will play a role in ETH’s price trajectory, but it’s worth noting a key shift in narrative: Ethereum is no longer the center of attention in the Layer 1 and Layer 2 conversation. Momentum is gradually rotating toward alternative L1 and L2 ecosystems, which offer scalability, lower fees, or more innovative development environments. As a result, Ethereum’s dominance and perceived value proposition are showing early signs of erosion—subtle, but significant.