The cryptocurrency market experienced a week of cautious but steady trading, with Bitcoin maintaining crucial support levels and Ethereum consolidating near key thresholds. Bitcoin traded within a US$90,000 to US$92,000 range for most of the week, briefly touching US$94,000 early on before retreating amid profit-taking pressures. Despite mid-week outflows from spot Bitcoin ETFs, the flagship cryptocurrency ended the week slightly higher, holding around US$90,000 to US$91,000, signaling notable resilience in the face of mixed institutional sentiment.
Ethereum, the second-largest digital asset, remained largely sideways, consolidating above the US$3,000 mark after failing to sustain momentum near US$3,300. Analysts noted that support levels between US$3,050 and US$3,060 were critical for maintaining near-term stability, as investors adjusted positions in response to ETF-related flows and cautious market behavior. The sideways movement reflects a market balancing act, where traders are taking profits while simultaneously remaining alert for opportunities triggered by macroeconomic developments.
Market observers highlight that the current environment underscores a tug-of-war between profit-taking and renewed buying interest. From a technological standpoint, Ethereum’s consolidation above key support demonstrates underlying network confidence, particularly as decentralized finance projects continue to expand and institutional participation in crypto grows. For Bitcoin, holding above US$90,000 amid outflows suggests that long-term holders remain steadfast, potentially setting the stage for renewed upward pressure if macro catalysts, such as U.S. economic data or regulatory developments, favor the asset class.
Overall, the crypto market’s measured performance last week indicates a cautious but watchful sentiment. Traders and investors appear positioned for volatility, yet the resilience of Bitcoin and steady consolidation in Ethereum suggest the broader market remains fundamentally sound. Moving forward, attention will likely focus on institutional flows, macroeconomic signals, and potential catalysts that could drive directional momentum in the week ahead, reinforcing the importance of strategic positioning in a still-evolving digital asset landscape.
