Bitcoin and Ether maintain support levels near $80,365 and $2,407 respectively, as traders look to upcoming US inflation data and ETF activity to determine if the current correction has concluded.
Bitcoin has demonstrated resilience by defending support levels between 80,365 and 80,953 on two separate occasions within a week. However, the asset remains in a state of uncertainty as it has failed to break through necessary resistance levels, making the upcoming US CPI data and ETF flow trends the primary determinants for the next directional move.
Bitcoin has defended support in the 80,365–80,953 range.
Ether is mirroring Bitcoin's price action, having successfully tested support near 2,407 twice recently without managing to overcome its resistance barriers. The asset's ability to sustain its current rebound is contingent upon macroeconomic indicators like the US CPI and the strength of institutional spot demand via ETFs.
Ether has defended support near the 2,407 level.
Bitcoin and Ether have successfully defended key support levels twice in the past week, signaling potential stabilization. However, both assets remain trapped below critical resistance, leaving the market in a state of uncertainty ahead of Wednesday's US CPI print and shifting ETF demand.
Bitcoin is currently defending support in the 80,365–80,953 range, while Ether is holding support near 2,407.
The market is primarily focused on the upcoming US Consumer Price Index (CPI) data and the trajectory of spot ETF flows.