Bitcoin Near $76K; Ether Trades Around $2,400

Bitcoin reclaimed the $72,000 level as buyers pushed the price toward the $76,000 resistance. The token pulled back near its 20-day exponential moving average around $70,200 before demand returned, leaving open a retest of the $76,000 zone. A daily close above $76,000 would complete an ascending triangle pattern and would clear a path toward about $84,000; a failure at that level could send prices back toward the pattern’s support line and lower moving averages.

Ether retreated to its 20-day EMA near $2,154. A forceful rebound from that moving average would raise the odds of a move above $2,386 and create a run toward roughly $2,800. If Ether breaks below the short-term moving averages, trading is likely to consolidate between about $1,916 and $2,386.

Macro factors affecting market direction include oil prices, the U.S. dollar and inflation expectations. Market analyst Nic Puckrin expects Bitcoin to require an easing of geopolitical tensions, oil around $80 a barrel and softer U.S. economic data before it can extend toward $90,000. Jeff Ko, chief analyst at CoinEx, described short-term sentiment as ‘fragile and heavily macro-driven, especially by oil, the dollar and inflation expectations’ and added he does not expect elevated oil prices to persist because supply-demand fundamentals should exert downward pressure over time. Macro strategist Jordi Visser observed that a sustained rally would likely need Bitcoin above $76,000 and Ether clearing $2,400.

U.S. equity and currency moves are also influencing flows into crypto. The S&P 500 gapped higher and closed above its 50-day simple moving average, with the 20-day EMA turning up and the relative strength index in positive territory. Traders expect a pullback to find support at the 20-day EMA, with an intact trend leaving room for an attempt on the index’s all-time high near 7,002; a break below that EMA would raise the chance of a range-bound phase. The U.S. Dollar Index is testing its 50-day SMA and faces resistance near its 20-day EMA, keeping the dollar inside its recent trading band if neither side gains a clear edge.

Among large altcoins, BNB is struggling to rise above its moving averages and risks a slide toward $570 and potentially $500 if selling pressure strengthens. XRP remains between $1.27 and its 50-day SMA near $1.37; a break below $1.27 would point toward $1.11. Solana failed to hold gains near the 50-day SMA around $85 and could test $76, with a further drop increasing the chance of a move to about $67. Dogecoin is compressed between its moving averages and $0.09 support; a close under $0.09 could push it to $0.08 and then $0.06, while a rise above the averages would open a path to roughly $0.11–$0.12.

Smaller tokens show similar technical pressure. Hyperliquid has not cleared the $43.76 overhead resistance; a decisive break past that level would point toward $50, while a drop under the 20-day EMA would put pressure toward the 50-day SMA near $36. Cardano fell below $0.25 and faces support at $0.23 and $0.22; a recovery above its 50-day SMA near $0.26 would be an early sign of renewed buying interest.

Market participants noted that trades carry risk and that short-term sentiment remains closely linked to macroeconomic data and commodity price moves. Analysts report buyers are active at lower levels, with the ability to hold higher prices dependent on improvements in geopolitical and economic signals that affect demand for risk assets.