Ethereum price extended gains above $2,150 before it faced sellers. ETH is now 
correcting gains and might find bids near the $2,080 zone. Ethereum started a 
decent upward move above the $2,120 zone. The price is trading above $2,100 
and the 100-hourly Simple Moving Average. There was a break below a rising 
channel with support at $2,140 on the hourly chart of ETH/USD (data feed via 
Kraken). The pair could start a fresh increase if it stays above the $2,080 
resistance. Ethereum Price Aims Higher Ethereum price remained stable above 
$2,050 and started a decent upward move, like Bitcoin. ETH price climbed above 
the $2,080 and $2,120 resistance levels. The bulls pumped the price above 
$2,150. A high was formed at $2,174 before the price started a downside 
correction. There was a move below the 38.2% Fib retracement level of the 
upward move from the $2,021 swing low to the $2,174 high. Besides, there was a 
break below a rising channel with support at $2,140 on the hourly chart of 
ETH/USD. Ethereum price is now trading above $2,080 and the 100-hourly Simple 
Moving Average. If the bulls remain in action above $2,080, the price could 
attempt another increase. Immediate resistance is seen near the $2,120 level. 
The first key resistance is near the $2,140 level. The next major resistance 
is near the $2,175 level. A clear move above the $2,175 resistance might send 
the price toward the $2,220 resistance. An upside break above the $2,220 
region might call for more gains in the coming days. In the stated case, Ether 
could rise toward the $2,350 resistance zone or even $2,380 in the near term. 
More Losses In ETH? If Ethereum fails to clear the $2,140 resistance, it could 
start a fresh decline. Initial support on the downside is near the $2,080 
level or the 61.8% Fib retracement level of the upward move from the $2,021 
swing low to the $2,174 high. The first major support sits near the $2,065 
zone. A clear move below the $2,065 support might push the price toward the 
$2,020 support. Any more losses might send the price toward the $1,980 region. 
The main support could be $1,965. Technical Indicators Hourly MACD – The MACD 
for ETH/USD is gaining momentum in the bearish zone. Hourly RSI &#8211; The RSI for 
ETH/USD is now below the 50 zone. Major Support Level – $2,065 Major 
Resistance Level – $2,140

Ethereum Price Cools Off, But Structure Stays Firmly Supported

A crypto analyst has presented a new roadmap for Bitcoin (BTC), outlining his 
interpretation of past events and forecasting the market&#8217;s next possible moves 
in the coming months. The analyst also shared insights into the market’s 
psychology during key periods in the current cycle. While he reveals how to 
trade in this shaky environment, the analyst also projects that Bitcoin could 
hit a new all-time high of $215,000 soon. His overall analysis suggests that 
Bitcoin may still be in a bull market despite recent price crashes and 
analysts’ claim that it has entered its cyclical bear phase. A Look At 
Bitcoin’s Past Cycle Moves In an X post on April 5, crypto market analyst 
Nehal shared his Bitcoin roadmap for 2026 and several strategies for trading 
and navigating this cycle. The analyst presented a psychology chart that 
captures investors’ sentiment stages for each month in a bull and bear market, 
highlighting how these emotions can drive trading decisions as the market 
moves. Related Reading: Analyst Who Called Bitcoin Top Says Price Is Going To 
$200,000, But Should You Buy Now? Starting in February, Nehal described the 
month as a classic bear trap phase. He noted that during this period, 
Bitcoin’s price remained low as many investors remained in disbelief, doubting 
that any emerging rally would hold. At the same time, smart money quietly 
accumulated positions while others hesitated, seeing any small price bounce as 
fake. As March unfolded, the analyst noted that the market experienced a final 
shakeout. Here, weak hands were forced to sell their bags amid the downtrend, 
even as momentum began to shift upward. By the end of the month, the chart 
shows that optimism had grown among investors, who began to believe the rally 
was real, setting the stage for a broader bull run. Now in April, Nehal 
believes that the long-anticipated altcoin season is taking hold, signaling a 
capital rotation from Bitcoin into other cryptocurrencies. The chart shows 
that during this period, thrill and FOMO are expected to dominate the market 
as investors take longer positions and confidence slowly peaks before BTC’s 
projected all-time high. What’s Next For The Market Looking ahead to May, 
Nehal has projected that Bitcoin could reach its next peak near $215,000, 
marking a more than 200% increase from its current price above $69,000. During 
this period, early holders may begin taking profits while late buyers rush in. 
The chart shows that euphoria would be at its highest at this stage as greed 
spreads and many traders, unfortunately, end up buying near the top. Related 
Reading: Bitcoin Price To $80,000: How The February Bullish Trend Can Push It 
20% Higher In June, Nehal predicts that a bull trap will likely emerge, giving 
late buyers the illusion that the rally is continuing. His chart indicated 
that while prices may rebound briefly, anxiety will increase as leveraged 
positions face possible pressure. Essentially, Bitcoin traders who entered the 
market near the peak will probably start realizing losses, signaling the start 
of a downturn. Finally, during July and August, the market is expected to 
shift into a distribution phase that could lead to a bear market. Nehal’s 
chart shows that denial may fade at this time as investors place the blame on 
external factors. Around the same time, Bitcoin could finally hit its price 
bottom as late buyers likely sell their holdings and exit the market in 
frustration. Concluding his analysis, Nehal emphasized the importance of 
trading smartly and maintaining liquidity. He also advised traders to prepare 
in advance and position themselves strategically, warning that failing to do 
so could result in major losses. Featured image from Getty Images, chart from 
Tradingview.com

Analyst Reveals How To Trade The Bitcoin Cycle, Predicts When Price Will Hit $215,000

The declining ceasefire odds highlight skepticism about immediate diplomatic 
progress, reflecting broader geopolitical tensions and uncertainty.
The post Iran&#8217;s response seen as negotiating tactic; ceasefire odds drop to 
1.1% appeared first on Crypto Briefing.

Iran’s response seen as negotiating tactic; ceasefire odds drop to 1.1%

Iran&#8217;s hardline stance may delay US-Iran negotiations, impacting market 
confidence and increasing geopolitical uncertainty.
The post US official views Iran&#8217;s hardline stance as negotiating tactic amid 
ceasefire doubts: FT appeared first on Crypto Briefing.

US official views Iran’s hardline stance as negotiating tactic amid ceasefire doubts: FT

DeFi risk manager Chaos Labs said Aave’s planned migration to Aave V4 
introduced risks that it wasn’t willing to assume, while Aave said Chaos 
wanted to take on full control as the sole risk service provider.

Cryptocurrency price in AED