Crypto Surges on Ceasefire Hopes — Bitcoin Reclaims $71K, Ethereum Nears $2,250, But Can the Rally Hold?
The post Crypto Surges on Ceasefire Hopes — Bitcoin Reclaims $71K, Ethereum Nears $2,250, But Can the Rally Hold? appeared first on Coinpedia Fintech News
The Bitcoin price has reclaimed the key $71,000 resistance, while the Ethereum price is pushing toward $2,250, signaling renewed strength across the crypto market. The rally comes as a two-week US–Iran ceasefire sparked a risk-on shift, with crude oil dropping 5–6% and over $130 billion flowing back into crypto, boosting investor confidence. Altcoins have followed, with Zcash surging over 25% in the move.
However, despite the breakout, BTC and ETH have yet to firmly hold these levels—keeping the risk of a short-term correction in play.
Bitcoin Faces First Real Test After $71K Reclaim
While Bitcoin has pushed back above $71,000 on macro-driven momentum, the chart shows this move is now colliding with a critical supply zone between $70,500 and $71,700. This area has acted as resistance multiple times, and the price is once again testing it after breaking out of a short-term symmetrical triangle pattern.
The breakout from the triangle suggests short-term bullish momentum, supported by RSI climbing near 58 and CMF turning slightly positive, indicating mild capital inflows. However, the structure still reflects hesitation. Price is yet to deliver a strong follow-through candle above this resistance, which keeps the breakout vulnerable. The zone around $71K is not just psychological—it’s a high-liquidity region where sellers have previously stepped in, making this a decisive level.
Key Levels to Watch
- Immediate Resistance: $70,500–$71,700
- Breakout Confirmation: Sustained move above $72,000
- Upside Targets: $75,900 → $78,500
- Immediate Support: $66,800
- Breakdown Level: Below $65,600
- Downside Targets: $63,500 → $62,400
Ethereum Approaches Key Resistance After Rebound from Strong Base
As Bitcoin tests its breakout, Ethereum is following with a steady climb toward the $2,200–$2,250 resistance zone. The chart shows ETH recovering from a well-defined base near $1,950–$2,000, forming a series of higher lows within a rising channel. This reflects controlled accumulation rather than a sharp spike, keeping the structure relatively stable.
However, ETH is now approaching the upper boundary of the channel, where previous rallies have slowed. Momentum indicators support the move—RSI is near 60, showing strength without being overbought, while CMF has surged to ~0.64, indicating strong capital inflows. Despite this, price is still trading below a broader descending trendline, meaning the larger trend has not fully flipped bullish yet.
Key Levels to Watch
- Immediate Resistance: $2,200–$2,250
- Breakout Confirmation: Sustained move above $2,300
- Upside Targets: $2,450 → $2,600
- Immediate Support: $2,000
- Breakdown Level: Below $1,950
- Downside Targets: $1,850 → $1,730
The Bottom Line: Momentum Is Back — But It Still Needs Confirmation
The crypto market has clearly flipped into a risk-on phase, with Bitcoin reclaiming $71K and Ethereum pushing toward $2,250. Momentum is strong, liquidity has returned, and altcoins are reacting positively — all signs of a healthy short-term expansion. However, this rally is still reaction-driven, not structure-confirmed.
For the bullish momentum to sustain, Bitcoin must hold above $71K–$72K, and Ethereum needs to flip $2,300 into support. If these levels are secured, the market can extend higher, with BTC targeting $75K+ and ETH moving toward $2,500–$2,600. But if price fails to hold these breakouts, the current move risks turning into a short-term relief rally, with a pullback likely toward $66K for BTC and $2,000 for ETH.
The momentum is real — but it’s not proven yet. The next few sessions will decide whether this is the start of a sustained uptrend… or just another macro-driven spike.