Home » [LIVE]Crypto News Today: ETH And BTC Continue To Consolidate Despite Institutional Buying

[LIVE]Crypto News Today: ETH And BTC Continue To Consolidate Despite Institutional Buying

by Brandon Duncan


In crypto news today, the market is still in a downturn. The total market cap is down by 1.9% to $3.54 trillion, and the Fear and Greed Index is sitting at 31, signifying fear. Moreover, the average crypto Relative Strength Index (RSI) is sitting in the neutral grey zone, signifying that the market is currently unsure and is waiting for a signal to push price actions either way.

Crypto Market Overview on CoinMarketCap

(Source: CoinMarketCap)

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Bitcoin

Bitcoin





0.72%








Bitcoin

Bitcoin
BTC


Price

$105,367.92

0.72% /24h





Volume in 24h


$70.50B
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Price 7d

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retreated by 1.49% in the last 24 hours, despite positive news about the US Government ending the shutdown, and is currently trading at



.

While the news helped the overall market confidence, it did not help BTC regain its momentum. Instead, investors shifted their focus to tech stocks that saw a stronger rebound.

Even Strategy Inc. adding 487 more coins to its stash did not move the needle. The company now holds more than 641,000 BTC, but the market barely reacted.

It has retested the resistance at $107,060 and the neckline of a double-top pattern, meaning BTC’s price movement has formed a break-and-retest pattern, a common bearish pressure continuation sign.

Market Cap





On the weekly chart, BTC will likely continue to move down in the short term. If its price breaches the support at $105,000, the next level to watch will be $100,000.

A move below that will likely cause BTC to drop to $96,800.

EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year

Crypto News Today: ETH Holds Above $3,500, Market’s Confident 

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Ethereum

Ethereum





0.75%








Ethereum

Ethereum
ETH


Price

$3,580.87

0.75% /24h





Volume in 24h


$41.97B
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Price 7d

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is showing signs of strength after a rough start to November, when its price dropped to just above the $3,100 level. Since then, it has bounced back modestly and has claimed the critical support level at $3,500.

Market Cap





Currently trading at



, it is signalling a renewed interest from buyers. A big part of this recovery comes from institutional investors, who recently added $1.37 billion worth of ETH to their holdings, suggesting confidence in ETH’s long-term potential.

Technically, ETH is still holding up above the trendline support that was established in April this year. Its price action has captured the 20-day EMA and the 50-day EMA and is currently in the process of testing the 100-day EMA at $3,648

ETH Chart TradingView

(Source: TradingView)

Meanwhile, market data shows strong liquidity between $3,500 and $5,000, meaning investors are ready to buy if prices keep rising.

Market analysts are cautiously optimistic. Analyst Tom Lee believes that ETH could hit $10,000 to $12,000 by the end of the year, with a long-term goal of $60,000.

However, there is a catch. If ETH falls below $3,425, it could lose its momentum and further slide down to lower support levels.

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CryptoQuant Flags Bear Risk If Big Buyers Cool Down Buying Spree

Arijit Mukherjee

By Arijit Mukherjee

CryptoQuant founder Ki Young Ju pointed out that whales have been shedding BTC since its price hit $100,000. According to Ju, the bull run should have been earlier in 2025. 

However, because of a buying spree from major players like Strategy and BTC Spot ETFs, its price has been maintained. Moreover, according to SoSoValue, these ETFs are now seeing $1.15 million in daily inflows, recovering from a recent slowdown.

Ju warns that if Strategy slows down its buying of BTC and ETF inflows drop, sellers could wrestle back control again. 

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The post [LIVE]Crypto News Today: ETH And BTC Continue To Consolidate Despite Institutional Buying appeared first on 99Bitcoins.





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