📅 June 24, 2025 | By StockMarketRulers.com
Crypto markets bounced modestly on Monday after days of weakness, as both Bitcoin (BTC) and Ethereum (ETH) found short-term technical support and rebounded from key levels. The move comes amid heightened macro uncertainty and waning investor sentiment, reflected in declining momentum indicators across the board.
📈 Ethereum (ETH/USD) Technical Analysis:
Current Price: $2,304.60 (+3.39%)
24H Range: $2,190 – $2,314
Volume: 8.84K (Bitstamp)
🔍 Key Technical Insights:
- Trendline Support: Ethereum respected its ascending trendline, rebounding sharply after dipping below it intraday. The bounce occurred just above the $2,234 support zone, where price has previously consolidated.
- Bollinger Bands: ETH pierced the lower Bollinger Band, triggering a mean-reversion bounce. The middle band (SMA 20) now sits near $2,522, which could act as the next resistance level.
- Resistance Levels:
- $2,382 (horizontal resistance)
- $2,522 (SMA midpoint)
- $2,737 to $2,809 (previous double-top range)
- RSI Reading: The 14-day RSI is at 39.21, signaling bearish momentum, but a slight uptick suggests a potential short-term relief rally.
📉 Outlook: ETH is still trading below major resistance but holding above key structural support. Bulls must reclaim $2,382+ to build momentum. A breakdown below the trendline could open doors to $2,000 and $1,880.
📊 Bitcoin (BTC/USD) Technical Analysis:
Current Price: $102,953 (+1.92%)
24H Range: $99,705 – $103,371
Volume: 1.32K (Bitstamp)
🔍 Key Technical Insights:
- Range Rebound: BTC rebounded after dipping below $100,000, a psychologically important support. Buyers defended the $99,700–$100,000 zone strongly.
- Bollinger Bands: Price bounced near the lower Bollinger Band (~$100,361), pointing to a technical oversold condition. Middle band resistance is seen at $105,238.
- Resistance Levels:
- $105,238 (SMA midpoint resistance)
- $110,115 (upper Bollinger Band)
- $112,000 (multi-week high)
- RSI Reading: The 14-day RSI sits at 44.94, up slightly from oversold levels. Momentum is weak but improving.
📉 Outlook: Bitcoin remains in a broader sideways-to-bearish pattern unless it breaks above $105,000. Bulls need to reclaim this level with volume to attempt a retest of $110K+.
💡 Summary:
| Metric | Ethereum (ETH/USD) | Bitcoin (BTC/USD) |
|---|---|---|
| Current Price | $2,304.60 | $102,953 |
| Daily Change | +3.39% | +1.92% |
| Key Support | $2,234 / $2,000 | $100,000 / $97,000 |
| Key Resistance | $2,382 / $2,522 / $2,737 | $105,000 / $110,115 / $112,000 |
| RSI (14-Day) | 39.21 (Bearish) | 44.94 (Neutral) |
⚠️ Investor Takeaway:
Both Ethereum and Bitcoin are attempting rebounds from technical support zones, but face strong resistance overhead. The short-term trend remains fragile amid macro uncertainty and fading momentum.
Traders should watch for volume confirmation on any breakout attempts, particularly at $105K (BTC) and $2,382–$2,522 (ETH). A failure to reclaim these levels could renew selling pressure.
Stay tuned to www.StockMarketRulers.com for real-time crypto technical updates.
