Bitcoin gained 5% to return to the $71,000 level after President Trump announced a two-week ceasefire with Iran overnight.
Bitcoin ETFs saw $159 million in net outflows on Tuesday, while Ethereum ETFs saw $64.7 million in net outflows.
The market capitalization of cryptocurrencies increased by 4% to $34.7 billion in the last 24 hours.
Trader’s comment:
Trader Lennaert Snyder maintained a bullish view, identifying $74,800 as the next key liquidity target. He added that short-selling remains possible, but should be seen as a counter-trend given the overall bullish bias.
Ted Pillows said that Ethereum has broken through the resistance zone of $2,150 to $2,200, indicating near-term strength. A sustained move above $2,200 could push prices towards last month’s highs. However, he warned that this could be a temporary rally rather than the start of a longer-term bull run, with forecasts pointing to new lows forming later in the second or third quarter of 2026.
Crypto chart analyst Ali Martinez claimed that Solana is consolidating near the lower boundary of its channel, with $76.66 acting as key support and $96.04 as resistance.
If support holds, a potential double bottom could push prices higher to $81 and $85, near the 50-day simple moving average. A decline below support could result in a decline towards $68.54 or even $50.
For Dogecoin, Martinez noted that the asset is consolidating in a triangle pattern, which suggests a potential breakout of around 29%, with the direction dependent on whether the price breaks upward through resistance or downward through support.
Image : Shutterstock
