BTC Range-Bound Between $93K and $97K as Momentum Cools

Bitcoin (BTC) is trading around $94,600 on Monday, reflecting a modest 0.98% decline over the past 24 hours. The move comes after BTC briefly touched $97,000 last week, only to face resistance that pushed prices into a short-term consolidation phase.

Technically, BTC is holding within a tight range between $92,000 and $97,000, with the Relative Strength Index (RSI) cooling to 42 — indicating neutral momentum. The MACD histogram also suggests weakening bullish sentiment, with a potential for a short-term pullback toward the lower end of the range.

Still, the consolidation appears constructive in the broader context, as BTC remains above key exponential moving averages on both daily and 4-hour charts, signaling an underlying bullish structure.

Despite the near-term price dip, institutional interest in Bitcoin remains strong. Spot Bitcoin ETFs recorded $674.9 million in inflows last week, highlighting sustained demand from long-term investors and asset managers.

Meanwhile, the annualized basis rate for BTC futures stands at 7.42%, indicating continued appetite for leveraged long positions — a historically bullish sign when sustained over multiple sessions.

This combination of ETF inflows and healthy futures demand suggests that the recent pullback may be less about weakening fundamentals and more about technical digestion following BTC’s aggressive rally from March lows.

Analysts anticipate a potential retest of the $92,000–$93,500 support zone in the coming days, which could act as a springboard for another leg up. A decisive break above the $97,000 resistance level could open the door for a push toward the psychologically significant $100,000 mark.

However, any move lower that breaches the $91,000 zone could invite further selling pressure, with $88,500 as the next downside level to watch.

Ethereum (ETH) is trading at approximately $1,828 on Monday, marking a modest 0.66% gain over the past 24 hours. The asset has spent the past week fluctuating between $1,800 and $1,850, reflecting a period of consolidation as traders assess macroeconomic signals and market catalysts.

Technically, Ethereum shows neutral momentum, with the Relative Strength Index (RSI) hovering at 45 and the MACD just beginning to show a mild bullish crossover. While this hints at potential upside, the lack of significant volume suggests a cautious market still waiting for a decisive move.

Support remains firm around the $1,800 and $1,750 levels, while $1,850 and $1,900 present resistance zones to watch. A break above $1,850 could open up a move toward $1,900 and potentially higher if macro conditions improve.

Institutional sentiment toward Ethereum remains constructive. Ethereum-based ETFs have continued to see steady inflows, albeit at a slower pace compared to their Bitcoin counterparts. Additionally, on-chain data indicates that wallets holding large ETH balances have increased slightly over the past two weeks, a signal of potential accumulation by longer-term holders.

Still, retail participation appears muted, with transaction volume on L2 networks and DeFi protocols relatively flat. This indicates that broader conviction has yet to return in force, leaving short-term price action largely technical and sentiment-driven.

Analysts expect ETH to continue trading within its current range until a clear breakout or macro trigger emerges. A close above $1,850 with accompanying volume would be the first technical sign of strength, potentially leading to a push toward $1,900 and beyond. Conversely, failure to hold $1,800 could prompt a deeper retracement to $1,750 — a key support level that has held since mid-April.