The return of positive sentiment in the crypto market seems to return slowly. While Bitcoin is marching higher, also Ethereum has been able to rise. The push in markets might also be attributed to the institutional demand. The regulated crypto market in the US helps the market further as the rising demand of derivatives has been growing.
Furthermore, US President Trump continues to support the crypto market. With his positive statements for digital assets the general sentiment might continue to reman positive. The recent gains also of the NASDAQ technology index helped BTC to move higher again. As long as the positive sentiment continues to support equities also major crypto tokens might push to the upside. A potentially weaker Dollar might hence be also of good support.
Technical Analysis
BTC – Bitcoin is trading at USD 77,989. The price of the token has broken away from the recent sideways trend and ever since keeps marching higher. The positive momentum remains rather limited as the market is now approaching a technical resistance level. The current zone at USD 79,000 has been a support zone in April 2025 and might hence now offer some headwinds.
BTCUSD weekly chart
A confirmed break above that level could push Bitcoin quickly towards the USD 87,000 level. If the market will fall now, BTC might fall back to inside the recent sideways trading range.
ETH – Ethereum is currently trading at USD 2,332. The price broke away from the recent suport level of USD 2,000 and keeps moving to the upside.
ETHUSD monthly chart
Currently, similarly to BTC, also ETH is trading at an important technical resistance level. A break above the USD 2,450 price tag, which can be seen in the chart above as the 50- moving average area might then unleash more upside momentum. The token might then push quickly above the USD 3,000 range. In the past, upside momentum was building up quickly oftentimes leading to sharp positive moves.
XRP – Ripple is currently trading at USD 1.4225. This token is among the altcoins, which keeps lagging behind BTC and ETH. The altcoin season might still be needed in order to push this market higher. Furthermore, only a break above USD 1.5000 might offer fresh upside in a stronger manner.
XRPUSD daily chart
Currently the upside seems to remain limited as the price came back. Also, XRP remains in this sideways trend, from which a breakout is needed. If the positive momentum of BTC will persist the uptrend of XRP might also emerge in the end. Negative pressure of the same token might also result in XRP breaking back to lower prices.
SOL – Solana is currently trading at USD 86.21. As before, Solna keeps lagging behind all other tokens as stated above. The upside does not look bad, though. Positive momentum might push this market also higher.
SOLUSD weekly chart
As the weekly chart above shows, the price needs to break above the USD 90.00 level initially, to offer another wave of positive momentum. Traders should hence also pay attention to the important support level at USD 78.00. A break below might cause the downtrend to continue again.
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