“Global macro conditions remain constructive for crypto as US jobless claims fell to 206,000 and the Philadelphia Fed manufacturing index rose to 47.4, supporting economic confidence and risk appetite. Japan’s 23.2% export growth reinforced resilient technology demand, while China’s unchanged lending rates preserved regional liquidity. However, Brent crude above $93 may sustain inflation and delay central-bank easing. Overall, stable growth and liquidity support digital-asset participation, although higher energy costs may limit near-term momentum across broader crypto markets during coming sessions.
Bitcoin trades near $75,083 with a bullish daily structure, supported by strong moving average signals, although RSI near 83 indicates stretched momentum. Immediate support lies around $74,000-$74,500, while $75,500-$76,000 forms the first resistance zone. Holding support could preserve buyer control, whereas losing it would shift attention toward secondary support around $72,500-$73,000 initially.
Ethereum trades near $2,355 with a bullish daily structure, supported by strong moving average signals, although RSI near 85 indicates stretched momentum. Immediate support lies around $2,320-$2,340, while $2,380-$2,400 forms the first resistance zone. Holding support could preserve buyer control, while Futures traders may monitor volume, open interest, and funding rates before treating a resistance test above $2,400 as confirmed.
Ethena (ENA) trades near $0.121323 after maintaining firm upward momentum across its daily moving averages. RSI near 79 indicates that buying activity is elevated, making nearby levels important. Immediate support sits around $0.115-$0.118, while $0.123-$0.127 forms the first resistance zone. Holding support would maintain the positive structure, whereas losing it could shift attention toward $0.110-$0.113.
Global risk appetite remained selective, with Asian gains led by India’s Sensex at 0.82%, Hong Kong at 0.57% and Singapore at 0.11%. US equities declined, but the VIX remained relatively contained at 16.01 despite its daily increase, indicating manageable volatility. Gold gained 0.37%, supporting interest in alternative assets, while oil rose 2.70%. This mixed backdrop may strengthen crypto’s diversification appeal as investors balance equity volatility, commodity strength, and continued global demand for non-traditional assets.
Institutional demand strengthened this week, with US spot Bitcoin ETFs attracting approximately $1.00 billion across three sessions, while Ethereum ETFs added about $291 million. Bitcoin climbed to around $75,083, and Ethereum reached $2,355, showing that fund demand aligned with stronger price performance. However, ETF inflows were not the only catalyst. Treasury buybacks, lower yields, regulatory optimism and short liquidations amplified the rally. At the same time, exchange selling, profit-taking and derivatives positioning can delay or reduce the immediate price impact of institutional purchases.”