- Bitcoin’s price remains stable but range-bound amid ongoing macro uncertainty.
- Ethereum shows early recovery signs with improving structure and demand.
- XRP is weakest, with bearish momentum and continued downward pressure.
Bitcoin trades at $70,778 at press time, down 1.1% in the past 24 hours, with a 24-hour range between $70,540 and $71,932. A combined chart analysis of Bitcoin, Ethereum, and XRP reveals divergent trends. Recent technical and on-chain data indicate that Ethereum is strengthening, while XRP shows weaker signals.
Bitcoin Holds Market Leadership
Bitcoin rejected the $73,000 resistance level over the weekend and slipped to its current level after President Trump announced a blockade of the Strait of Hormuz. Immediate support sits at $70,540. A break above $72,000 could open the path to $74,500–$78,000
Spot Bitcoin ETFs also saw over $256 million in net inflow in recent sessions. Meanwhile, $184 million in total liquidations occurred in the past 24 hours, $102 million from long positions. Despite this, BlackRock clients purchased over $600 million worth of Bitcoin in the past five days.
On-chain data from CryptoQuant analyst Darkfost adds important context. BTC inflows to Binance have dropped to a 30-day moving average of 3,998 BTC, a six-year low, compared to over 25,000 BTC per day in May 2021 and a historical average of roughly 11,000 BTC daily.
Investors are not moving Bitcoin to exchanges to sell. They appear to prefer holding, which mechanically reduces short-term selling pressure. Combined with increasing ETF routing, this suggests a market in a waiting phase rather than capitulation. Holders are passive, not panicked.
Ethereum Shows Early Signs of Strength
Ethereum is trading at $2,184 and showing signs of a potential rebound. A bullish pattern has formed after two weeks of decline, suggesting buyers may be stepping back in. Key indicators like RSI are near oversold, and major moving averages are converging around $2,126.
At the same time, supply pressure is easing. The Ethereum Foundation has staked 70,000 ETH worth over $143 million, reducing sell-side pressure.
Cumulative net inflows into U.S. spot Ethereum ETFs stand at $11.6 billion, with BlackRock’s iShares Ethereum Trust holding over $6.5 billion in AUM.
On-chain data from Santiment reinforces the bullish case. Wrapped Ethereum recorded its highest network growth of the year on Wednesday. Notably, 32,058 new WETH wallets were created, over 16 times its normal average, and 46,650 active wallets, more than three times the norm.
Network activity expanding during a price consolidation phase is a historically bullish divergence signal, often preceding upward movement.
XRP Lags in Relative Performance
XRP extended its losses today, dropping below $1.33 after failing to hold key support at $1.38. Momentum remains weak, with the RSI below 50, and support at $1.30.
Most TradingView indicators are flashing bearish signals, and key moving averages are trending lower, pointing to continued weakness. Elevated retail participation has not translated into sustained momentum, and institutional inflows remain below those of Bitcoin and Ethereum.
However, Santiment data shows XRP social FUD at its third-highest level in two years following a 63% price decline over nine months, a historically contrarian signal.
When crowd bearishness reaches such extremes, a relief rally becomes increasingly likely, although the broader bearish structure remains intact
Outlook
The market is showing different trends across major assets. Bitcoin remains strong and stable but is still moving within a range due to macro uncertainty. Ethereum is starting to improve, with better technical signals and growing demand pointing to a possible recovery.
XRP is the weakest, with bearish momentum and declining strength. It may see a short-term bounce, but the overall trend remains downward unless key levels are regained. In the near term, Ethereum looks set for upside, Bitcoin stays steady, and XRP continues to lag.
Related: XRP Price Prediction: XRP Holds Wedge Floor As Ripple Heads To Paris Blockchain Week
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