Moving Averages

Ethereum is holding above the closely watched $1,800 area after a modest rebound, helped by improved risk sentiment and positive ETF inflows. However, soft trading volume, uncertain macro conditions and weakening momentum leave traders watching for a possible failed rally.

Bitcoin has spent five days trading in a narrow band around $59,000 to $60,000, keeping traders on edge as technical signals remain weak. Analysts say a downside break could open the door to a move toward $40,000.

Bitcoin’s long-term moving averages are nearing a bearish crossover that often worries traders. Historically, however, the signal has tended to appear near bear market bottoms and before fresh bull runs.