Crypto Technical Analysis Report 25th April 2025
As the crypto bull run begins to cool off, the market is seeing a mild intraday correction. The total crypto market capitalization stands at $2.88 trillion, reflecting a slight 0.67% dip in the past 24 hours. Bitcoin, which surged over 9% in the last week, is currently trading at $93,174 after a 0.89% pullback. Ethereum is showing signs of resistance near the $1,800 level, struggling to maintain upward momentum. Among altcoins, Solana and XRP are emerging as standout performers, continuing to build on recent gains despite the broader markets pause.
Bitcoins multi-day rally past the $90,000 mark reignited bullish sentiment across the crypto market, briefly pushing investor confidence to its highest level in over two months. On April 23, the Crypto Fear & Greed Index jumped to 72, firmly landing in the Greed zone as BTC climbed to $94,900. This price surge added approximately $26 billion in value to long-term holder wallets. However, by April 25, sentiment had cooled, with the index dipping to 60, even though Bitcoins price remained relatively stable a sign that market participants may be growing cautious about the rallys sustainability. Interestingly, while long-term investors have seen significant gains, short-term holders were shaken out earlier in the month, with many realizing losses during the volatile correction phase. The Bitcoin supply in profit has recently crossed a critical bullish threshold, signaling a strong upward outlook for the market. Currently, 16.7 million BTC are sitting in profit across various wallets a level often referred to as the threshold of optimism. Historically, similar patterns in 2016, 2020, and earlier in 2024 have preceded major bull runs. When the supply in profit consistently holds above this zone, it tends to boost investor confidence and trigger sustained price momentum, often propelling Bitcoin to new all-time highs within a few months. This metric is now reinforcing bullish sentiment as BTC continues to hold strong near key levels.
Ethereum has seen a major uptick in long-term investor confidence, with accumulation addresses recording their highest inflows in over five years. On April 22 alone, a historic 449,000 ETH worth approximately $1,750 per coin was transferred into accumulation wallets, marking the largest single-day inflow in Ethereums history. This renewed interest from long-term holders comes even as ETHs price hovers near its 50-day exponential moving average (EMA) on the daily chart a crucial technical level. If Ethereum can maintain momentum and push above this EMA, it could spark a bullish reversal. However, failure to break out convincingly may reinforce the current bearish sentiment and lead to further downside pressure.
On April 22, U.S. Treasury Secretary Scott Bessent described the current 145% tariff structure with China as unsustainable in an interview with Bloomberg, hinting at a potential reduction in the near term. President Donald Trump reinforced this outlook later that day, stating that tariffs will come down substantially, further boosting market optimism. Trump also reassured investors by confirming that Federal Reserve Chair Jerome Powell would remain in his position, alleviating concerns about leadership disruptions at the central bank. These remarks fueled a wave of risk-on sentiment across global markets, with investors turning to digital assets amid growing confidence in trade stability and macroeconomic clarity.
Technical Outlook
BITCOIN
BTC, after making the all-time high of $109,588, started to trade in a downtrend and corrected almost 32%, making a low of $74,508. The asset formed a Long-Legged Spinning Top candle near the key support of $73,500 (indicating indecision in trend), and the price bounced up to $86,000. Post this move, BTC started consolidating and traded in a range from $83,000 to $86,000. The asset finally gave a breakout above the range with good volumes and rallied up to $94,696. BTC has strong resistance at $100,000 and $110,000, whereas $90,000 and $73,500 will act as strong support.
ETH
ETH continues to trade in a Descending Channel and has corrected almost 65% over the past four months. However, the bulls defended the key support level of $1,350, and the price has bounced almost 32% to $1,834. The asset is currently consolidating near the resistance of the Descending Channel. Once it breaks and sustains above the pattern, we can expect a further rally up to $2,100.
SOL
SOL, after making the all-time high of $295.8, witnessed a massive fall. The price plunged almost 67.5%, making a low of $95.26. The asset formed a Long-Legged Doji candle at the low, indicating indecision in trend. SOL has strong resistance at $155. Once it breaks and closes above the resistance with good volumes, we can expect it to rally further and test $175, whereas $120 and $95 will act as strong support levels.
Weekly Snapshot
| USD ($) | 17 Apr 25 | 24 Apr 25 | Previous Week | Current Week | |||
| Close | Close | % Change | High | Low | High | Low | |
| BTC | $84,749 | $93,944 | 10.85% | $86,429 | $78,936 | $94,536 | $83,977 |
| ETH | $1,583 | $1,770 | 11.83% | $1,690 | $1,505 | $1,830 | $1,542 |
| SOL | $134.70 | $152.30 | 13.07% | $135.91 | $112.19 | $153.87 | $132.59 |
| Crypto | 1w % Vol. Change (Global) |
|---|---|
| Bitcoin (BTC) | 2.61% |
| Ethereum (ETH) | 2.02% |
| Solana (SOL) | -9.55% |
| Resistance 2 | $110,000 | $2,150 | $175 | $691 |
|---|---|---|---|---|
| Resistance 1 | $100,000 | $1,825 | $155 | $650 |
| USD | BTC | ETH | SOL | BNB |
| Support 1 | $90,000 | $1,500 | $120 | $550 |
| Support 2 | $73,500 | $1,350 | $95 | $500 |
Market Updates
- Cathie Woods ARK Invest has raised its bull case Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, citing increased institutional interest and Bitcoins growing acceptance as digital gold.
- The Chicago Mercantile Exchange (CME) Group, operator of the worlds largest financial derivatives exchanges, announced that XRP futures contracts will go live on May 19.
- On April 21, El Salvador signed a letter of intent to collaborate with Nvidia on sovereign AI to drive innovation and economic growth, according to the National Bitcoin Office (ONBTC) on X.
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