Ethereum price started a fresh increase from $1,950. ETH is now consolidating 
gains and might aim for another increase above $2,050. Ethereum started a 
fresh upward move above the $1,920 zone. The price is trading above $1,950 and 
the 100-hourly Simple Moving Average. There is a key rising channel forming 
with support at $1,960 on the hourly chart of ETH/USD (data feed via Kraken). 
The pair could start a fresh decline if it stays below the $2,090 zone. 
Ethereum Price Eyes Fresh Gains Ethereum price managed to form a base and 
traded above the $1,920 resistance, like Bitcoin. ETH price rallied above the 
$1,960 and $2,000 resistance levels. The bulls even pumped the price above 
$2,050. A high was formed at $2,089 before there was a downside correction. 
The price dipped below $2,020 and the 38.2% Fib retracement level of the 
upward move from the $1,835 swing low to the $2,089 high before the bulls 
appeared. Ethereum price is now trading above $1,960 and the 100-hourly Simple 
Moving Average. There is also a key rising channel forming with support at 
$1,960 on the hourly chart of ETH/USD. If the bulls remain in action above 
$1,960, the price could attempt another increase. Immediate resistance is seen 
near the $2,040 level. The first key resistance is near the $2,080 level. The 
next major resistance is near the $2,120 level. A clear move above the $2,120 
resistance might send the price toward the $2,155 resistance. An upside break 
above the $2,155 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $2,220 resistance zone or even $2,250 
in the near term. Downside Continuation In ETH? If Ethereum fails to clear the 
$2,080 resistance, it could start a fresh decline. Initial support on the 
downside is near the $1,990 level. The first major support sits near the 
$1,960 zone or the 50% Fib retracement level of the upward move from the 
$1,835 swing low to the $2,089 high. A clear move below the $1,960 support 
might push the price toward the $1,930 support. Any more losses might send the 
price toward the $1,880 region. The main support could be $1,840. Technical 
Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the 
bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above the 50 zone. Major 
Support Level – $1,960 Major Resistance Level – $2,080

Ethereum Price Targets $2,150 Again, Bulls Seek Breakout Confirmation

Bitcoin (BTC) has wrapped up February with its fifth straight monthly loss, 
marking only the second time in its history that the leading cryptocurrency 
has printed five consecutive red candles on the monthly chart. Upside Call 
Options Surge The latest decline saw Bitcoin fall to around $63,000 last 
Saturday, representing a roughly 15% drop for the month of February. However, 
the start of March has brought a modest rebound. The asset opened the first 
week of the month at $68,600, posting gains of just over 3% as it attempts to 
reclaim the $70,000 level, which has continuously acted as a significant 
resistance barrier over the past several weeks. Related Reading: Dogecoin 
(DOGE) Slips Toward Critical Support, Breakdown Threat Emerges Despite ongoing 
geopolitical tensions in the Middle East, market participants appear 
relatively composed. Markus Thielen, head of research at 10x Research, said 
traders do not anticipate the Iran conflict causing major economic disruption. 
In a note to Bloomberg, Thielen said that demand for upside Bitcoin call 
options has increased in recent days, suggesting that some investors are 
positioning for a potential rally ahead of the upcoming Federal Reserve (Fed) 
meeting. The current setup has also reignited historical comparisons. The last 
time Bitcoin experienced a similar string of red monthly candles was during 
the 2018–2019 bear market. In that earlier cycle, the asset went on to print 
six consecutive monthly losses. What followed was a sharp reversal: five 
straight green candles and a 308% surge, with Bitcoin climbing from roughly 
$3,400 to $14,000. Market Watchers Split On Bitcoin Outlook Market expert Ash 
Crypto recently highlighted this pattern on social media, suggesting that if 
history were to repeat, Bitcoin could be approaching a cyclical bottom after 
its fifth red month. A comparable 300% advance from current trading levels 
would imply a potential move toward $272,000. Such a projection, however, 
depends on whether the recent lows ultimately prove to be the final bottom of 
this correction. Related Reading: XRP Faces $650 Million Sell Risk As US-Iran 
Conflict Sparks Risk-Off Move Not all analysts are convinced that the downside 
is over. Technical analyst Virtual Bacon has outlined the possibility of 
further retracement before a sustained recovery can be expected. He identified 
$65,000—previously an all-time high—as the first key level, noting that the 
price has already revisited that zone. For those who subscribe to the thesis 
that former highs often turn into support, he suggested that the opportunity 
may already be present. A deeper pullback, in his view, could bring Bitcoin 
toward $58,000, where the 200-week simple moving average (SMA) currently sits. 
Historically, that long-term indicator has played a critical role in defining 
market bottoms. It helped contain the sharp selloff during the 2020 COVID-19 
crash, marked the absolute low in 2018, and was tested multiple times in 2015 
without ever closing below it every week. Because of this track record, the 
200-week moving average has been widely regarded as one of the most reliable 
long-term accumulation zones in Bitcoin’s history. Featured image from 
OpenArt, chart from TradingView.com

Bitcoin Prints Fifth Straight Red Month; Previous Streak Was Followed By 300% Surge

Bitcoin price started a decent increase above $68,000 but failed at $70,000. 
BTC is now consolidating and might aim for more gains above $69,200. Bitcoin 
started a fresh increase after it settled above the $67,500 support. The price 
is trading above $68,000 and the 100 hourly simple moving average. There was a 
break above a bearish trend line with resistance at $66,800 on the hourly 
chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if 
it trades below the $67,400 and $67,000 levels. Bitcoin Price Fails At $70,000 
Bitcoin price managed to form a base above the $65,500 zone. BTC started a 
fresh increase and was able to surpass the $66,500 resistance zone. The price 
even rallied above the $68,000 resistance. Besides, there was a break above a 
bearish trend line with resistance at $66,800 on the hourly chart of the 
BTC/USD pair. Finally, the bears appeared near $70,000. A high was formed at 
$70,100, and the price recently corrected some gains. There was a move below 
the 23.6% Fib retracement level of the upward move from the $63,030 swing low 
to the $70,100 high. Bitcoin is now trading above $68,000 and the 100 hourly 
simple moving average. If the price remains stable above $67,500, it could 
attempt a fresh increase. Immediate resistance is near the $69,200 level. The 
first key resistance is near the $69,500 level. A close above the $69,500 
resistance might send the price further higher. In the stated case, the price 
could rise and test the $70,000 resistance. Any more gains might send the 
price toward the $70,500 level. The next barrier for the bulls could be 
$70,850 and $71,200. Downside Continuation In BTC? If Bitcoin fails to rise 
above the $70,000 resistance zone, it could start another decline. Immediate 
support is near the $68,000 level. The first major support is near the $67,500 
level or the 50% Fib retracement level of the upward move from the $63,030 
swing low to the $70,100 high. The next support is now near the $65,650 zone. 
Any more losses might send the price toward the $65,000 support in the near 
term. The main support now sits at $64,200, below which BTC might struggle to 
recover in the near term. Technical indicators: Hourly MACD – The MACD is now 
losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The 
RSI for BTC/USD is now above the 50 level. Major Support Levels – $68,000, 
followed by $67,500. Major Resistance Levels – $69,200 and $70,000.

Bitcoin Price Upside Capped Again, $70K Proves Tough Ceiling

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Steak ‘n Shake Launches 21-Cent-Per-Hour Bitcoin Bonus for Employees

Crypto Exchange-Traded Products (ETPs), led by Bitcoin (BTC) funds, have 
broken their one-month negative streak after recording significant inflows 
over the last week, signaling renewed demand for the digital asset-based 
investment products amid broader market weakness and geopolitical tensions. 
Related Reading: Crypto’s Quietest Month In Nearly A Year — But Hackers 
Haven’t Gone Away Crypto Funds Break Out Of Multi-Week Bleeding In its latest 
Digital Asset Fund Flows Weekly Report, CoinShares revealed that crypto 
investment products recorded around $1 billion in inflows during the last 
week, breaking out of the multi-billion-dollar outflow streak that began mid- 
January with no notable outflows. Crypto-based funds saw cumulative outflows 
of $4 billion during the previous five weeks, driven by market weakness and 
overall negative sentiment. Notably, the US market accounted for most of the 
negative net flows, while Bitcoin ETPs showed the weakest performance among 
major cryptocurrencies, recording over $3.80 billion in outflows since January 
23. Now, funds based on the flagship cryptocurrency showed the strongest 
performance, with over $881 million in inflows, according to CoinShares’ data. 
Although the $3.7 million in inflows into short Bitcoin investment products 
highlights that the opinion remains polarized, the report noted. Ethereum 
investment products recorded their strongest week since mid-January, 
registering inflows totaling $117 million. Despite this, the two largest 
cryptocurrencies by market cap remain in a net outflow position Year-to-Date 
(YTD). Conversely, Solana funds saw $53.8 million in inflows last week and 
$156 million in inflows YTD. In addition, the US accounted for most inflows, 
with $957 million, while Canada, Germany, and Switzerland saw continued 
inflows of $34.1 million, $31.7 million, and $28.4 million, respectively. 
“From a macro standpoint, it is difficult to attribute the shift in sentiment 
to a single catalyst. However, prior price weakness, a break below key 
technical levels, and renewed accumulation by large Bitcoin holders appear to 
have contributed to the reversal,” explained James Butterfill, head of 
research at CoinShares. “At a more anecdotal level, recent client discussions 
have been almost entirely focused on identifying entry points rather than 
reducing exposure to the asset class,” he continued. Bitcoin ETF Investors 
Show Diamond Hands Amid last week’s rebound, Nate Geraci, co-founder of the 
ETF Institute, highlighted US spot Bitcoin ETF investors, who have “largely 
displayed diamond hands” during the market correction and negative sentiment. 
The ETF expert observed that Bitcoin funds’ cumulative $6.5 billion in 
outflows since the October 10 crash were a “drop in the bucket” compared to 
the $55 billion in cumulative total net inflows that the category has seen 
since its January 2024 debut. As reported by NewsBTC, Geraci stressed that 
while these major drawdowns are “a walk in the park for long-time BTC 
investors,” newer ETF investors also appear unfazed by the recent market 
conditions and are “apparently buying the dip.” Related Reading: Blood Moon 
Affecting Bitcoin Price? Why A Surge Above $100,000 Could Be Coming Similarly, 
Bloomberg Intelligence Senior ETF Analyst Eric Balchunas discusses the 
performance of spot Bitcoin ETFs over the past two years, affirming, “As an 
ETF watcher, you know just how absurd this strength amid a 50% drawdown.” He 
stated that the funds’ overall performance is “the real story,” rather than 
the $6 billion that has come out during the latest market downturn, which he 
concluded was normal for most assets. As of this writing, Bitcoin is trading 
at $65,582, a 2.2% decline on the daily timeframe. Featured Image from 
Unsplash.com, Chart from TradingView.com

Cryptocurrency price in BRL