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Ethereum Breaks Out of Descending Channel–But Is It Sustainable?Hello guys. Ethereum (ETH/USDT) has recently broken out of a well-defined descending channel on the 12H timeframe, suggesting a short-term shift in momentum. However, traders should remain cautious, as price action still faces significant resistance ahead. 🔍Technical points: Descending Channel Structure: ETH has been trending downward since early February 2025, forming a clean descending channel with lower highs and lower lows. Fake Breakout & Reversal: Earlier in April, the price dipped below the lower boundary of the channel in what now appears to be a fake breakdown, quickly recovering back inside. Confirmed Breakout: Recently, ETH managed to close above the midline of the channel, breaking above short-term resistance near $1,640. This confirms a bullish breakout, at least in the short term. Next Key Resistance Zone: The price is now targeting the $1,850–$2,050 area — a strong supply zone and previous structural level. If ETH fails to break through this zone, we may see another leg down inside the broader downtrend. Short-Term Projection: Bullish Path: A possible continuation toward the upper channel edge near $1,900–$2,000. Bearish Rejection: If sellers defend that zone, ETH could resume its downward trend, potentially revisiting $1,500 or even lower.
by melikatrader94
6
BTC.D - Still in the ascending channelCRYPTOCAP:BTC.D remains firmly within its long-standing ascending channel. The recent “fake breakout” below the channel has been invalidated as dominance swiftly returned to the channel, showing a strong reaction and confirming the channel’s validity. This suggests: ✅ Bullish Implication for BTC: Bitcoin is likely to continue gaining dominance in bullish moves, outpacing altcoins in performance. ✅ Bearish Impact on Altcoins: In downturns, altcoins are expected to experience sharper declines compared to Bitcoin. Traders should monitor this channel as a key indicator for market behavior, especially for Bitcoin and altcoin strategies.
CRYPTOCAP:BTC.DLong
by Sober_Trading
6
Market overview WHAT HAPPENED? Last week, our main scenario was implemented and a full–fledged rebound from the $77,000-$73,000 zone was achieved (volume anomalies, pushing volumes). After passing through several large selling zones, we’ve reached a resistance level from which we can get a significant correction. At the moment, the $85,600–$88,000 zone is being tested (absorption of the buyer's market aggression). The latest wave of buys, which began on April 10, is inertial. Trading volumes have decreased, and there is no clear dominance between one side and the other. WHAT WILL HAPPEN: OR NOT? There are strong anomalies along the delta, which can provoke a significant correction. Below the current price, we have a support zone of $82,700–$81,400, but with high activity from the seller, it can only slow down the fall slightly. The main expectations are the beginning of a corrective movement, as indicated by the nature of growth, the current volume zone, as well as delta protection. A less likely scenario is a surge in the buyer's market activity, which will take the quote above the $88,000 level. In this case, the priority will change dramatically to long. Sell Zones: $85,600–$88,000 (absorption of aggressive buyer activity) $95,000–$96,700 (accumulated volumes) $97,500–$98,400 (pushing volumes) $107,000–$109,000 (volume anomalies) Buy Zones: $82,700–$81,400 (volume zone) Level at $74,800 $69,000–$60,600 (accumulated volumes) IMPORTANT DATES The following macroeconomic events are expected: • Wednesday, April 16, 2:00 (UTC) — publication of China's GDP for the first quarter and in comparison with the first quarter of 2024; • Wednesday, April 16, 6:00 (UTC) — publication of the UK consumer price index for March and in comparison with March 2024; • Wednesday, April 16, 09:00 (UTC) — publication of the consumer price index in the Eurozone for March and in comparison with March 2024; • Wednesday, April 16, 12:30 (UTC) — publication of the basic index and volume of US retail sales for March; • Wednesday, April 16, 13:45 (UTC) — announcement of Canada's interest rate decision; • Wednesday, April 16, 17:15 (UTC) — speech by Fed Chairman Jerome Powell; • Thursday, April 17, 12:30 (UTC) — publication of the number of initial applications for US unemployment benefits, as well as the Philadelphia manufacturing activity index from the Federal Reserve Bank for April; • Thursday, April 17, 12:45(UTC) — European Central Bank press conference; • Thursday, April 17, 13:15 (UTC) — announcement of the deposit rate in the Eurozone. *This post is not a financial recommendation. Make decisions based on your own experience. #analytics
Short
by Crypto_robotics
Breaking: Purple Pepe ($PURPE) Is Gearing Up For BreakoutPurple pepe ($PURPE) One of the OG Pepe coins on Solana. Originally created July 2023, the token sat dormant on the blockchain. A year later, liquidity was added and trading went live. The memecoin is now gearing up for a breakout once it breaks the $0.000046 psychological resistant zone, a 60% price surge is feasible with increasing momentum as hinted by the RSI at 54.72. The crypto market is still volatile with CRYPTOCAP:BTC swinging in between the $80,000 - $85,000 support points. The memecoin hype is moderate now, most especially the Solana memecoinomy but the price of CRYPTOCAP:SOL has taken a deja vu lately, surprising the crypto market by reclaiming the $130 pivot point. Should CRYPTOCAP:SOL undergo a bullish continuation pattern, this same momentum might dissipate to the Purple pepe ($PURPE) coin and not only $PURPE coin, but almost all the coins in the Solana ecosystem. However, On a bearish tone, if $PURPE should fail to pull the bullish stunt, there is a possibility of a break below the $0.000035 support point which will negate the bullish thesis previously given as it will resort to massive selling spree. Purple Pepe Price Live Data The live Purple Pepe price today is $0.000041 USD with a 24-hour trading volume of $788,837 USD. Purple Pepe is down 4.21% in the last 24 hours. With a live market cap of $17,071,104 USD. It has a circulating supply of 417,213,801,892 $PURPE coins and a max. supply of 420,690,000,000 $PURPE coins.
CRYPTO:PURPEUSDLong
by DEXWireNews
BTCUSD - $100k soon? [UPDATE]MARKET UPDATE. Price broke out of the Descending Trendling and has pulled back to retest the Trendline and a Key Demand zone. Stacked Confluences: 1. Trendline Break & Retest. 2. Liquidity sweep below support. 3. BOS after price reacted from the Demand. I’m watching for continuation towards $85.8k and beyond. If bullish step in here this could be the next bullish leg up. Let’s see how it plays out. What are your thoughts on BTC this week let me know what you think in the comments.
Long
by SyHub
14/04/25 Weekly OutlookLast weeks high: $86,116.94 Last weeks low: $74,520.92 Midpoint: $80.318.93 Did we truly think it would be easy? As Trump targets China the markets panicked in a huge de-risking event that sent BTC down to $74,500, fully retracing the Us election pump 6 months ago. After a double bottom and a tariff pause for 90 days on those countries that played ball, BTC reclaimed the previous weeks bottom and steadily climbed back toward major resistance at $86,000. Clearly the focus has primarily been on traditional markets like the SPX & DJI, on the SPX the 1D 200 EMA tagged and as usual gave huge support, this is very often a local bottom and so far that is the case. BTC has very quietly flipped the 4H 200 EMA after the 10th time of trying, staying above the $84,000 level would be a confirmed reclaim if the trend can follow and flip bullish. If that is the case then it would seem the flush we've all been dreading is over, however, if Trump escalates the trade war once again then TA takes a back seat to FA once again. This week I would like to see strong support at 0.75 line, a wick down to that level and a reclaim of the 4H 200 EMA would give me confidence that BTC can target the $91K mini range top. A loss of the 0.75 line and acceptance below I would then target weekly lows once again for a triple bottom.
by ProR35
2
Ethereum (ETH): Buyers Showing Dominance Near $1,500After a long bloodbath that Ethereum has been undergoing, we are seeing some signs of volume building up near the local support zone at $1,500. Ideally we need to see a touch to $1,950 from where we will get further confirmations of upcoming moves so for now we expect to see a slight further movement to upper zones. Now this week might be very volatile and any bad news on the horizon can hardly impact the markets, so watch out for them! Swallow Academy
Long
by SwallowAcademy
Bitcoin NEoWave Analysis Based on 6M Cash DataCash Data 6M In the 6-month cash data for Bitcoin, it appears that a Running Neutral Triangle is forming and we are currently in wave-D of this triangle. Based on the previous mid-term Bitcoin analysis, as long as Bitcoin’s price remains above $70,000 there is potential for the price to rise to $150,000. Therefore, wave-D of the neutral triangle could expand and grow larger. Until wave-D is complete, we cannot accurately predict the endpoint of wave-E( The label-E shown in the image is not precise and will likely change) However, after wave-D concludes, the price will experience at least a 50% correction to complete wave-E of the triangle, followed by a strong upward move in Bitcoin. The analysis will be updated once wave-D is complete. Good luck NEoWave Chart
by NEoWave-Chart
BTC/USD 1H CHART PATTERN BTC/USD is currently facing strong resistance around the $84,000 level. If the price fails to break and hold above this zone, it may signal weakening bullish momentum. A stabilization below $84,000 increases the likelihood of a downward move, with the next target around $77,000. This level could act as key support, and a drop toward it may indicate a short-term bearish trend. However, if BTC manages to break above $84,000 with strong volume, it could resume its upward momentum. Until then, price action below resistance suggests caution, as bearish pressure may start building in the coming sessions.
BITSTAMP:BTCUSDShort
by Fx_Navigators
BTCUSDT - UniverseMetta - Analysis#BTCUSDT - UniverseMetta - Analysis 📆 W1 (Weekly Timeframe) 🔹 Will the 5th wave formation come to an end soon? 🔹 Best to wait for a confirmed bottom fractal — price action will become clearer by the end of this week. 🔹 If a fractal forms, then:  • Watch for a breakout and close above the channel  • Look for entry opportunities into the next bullish impulse 🎯 Potential upside targets: $91,500 – $112,200 📉 D1 (Daily Timeframe) 🔹 Price is testing the upper boundary of a narrowing channel 🔹 To confirm a short-term reversal, it's ideal to wait for a top fractal 🔹 From the last impulse, there’s a correction opportunity toward:  • $81,700 – $77,320 (40–80% retracement) ⚠️ Avoid increasing position size / exposure 🔁 Upon reaching the support zone — watch for bullish entries ⏳ H4 (4-Hour Timeframe) 🔹 Potential beginning of a 3rd wave down from the upper channel 🔹 A short setup could be valid if the 1st wave low is broken 🔹 Stop loss should be placed above the high of wave 1 or above the channel level 🎯 Short-term targets: 61% – 23% Fibonacci levels from the last bullish impulse 📈 Trade Setup (H4 idea): Entry: 84,154.92 – *82,895.64 Take Profits (TP): 1. 81,702.63 2. 80,399.17 3. 79,029.42 4. 77,328.29 Stop Loss: 86,209.53 📌 Conclusion: BTCUSDT is in a critical zone — potentially ending its 5th wave on the weekly chart. The key is to wait for confirmation via fractals (bottom on W1, top on D1). Meanwhile, H4 offers a chance to engage in a controlled short setup, with tight risk and clear invalidation.
Short
by Trade-U-Metta