Bitcoin and Ethereum: Technical Opportunities Amid Market Turmoil
Despite the recent global stock market crash, cryptocurrencies — especially Bitcoin and Ethereum — have shown remarkable resilience, suggesting that a significant long-term opportunity may be forming.
In this article, we analyze monthly, weekly, and daily charts of both assets, highlighting technical patterns that point to possible reversals and upward targets.
Bitcoin: Uptrend Remains Intact Despite Volatility
On the monthly chart, Bitcoin remains above the 20-period moving average, forming higher highs and higher lows. Even after a substantial correction, BTC respected the region near the 61.8% Fibonacci retracement, a zone often associated with trend continuation.
Comparison with NASDAQ: While the NASDAQ dropped 25% from its peak, Bitcoin fell only 32% — a far more modest decline than in previous cycles, where BTC often lost 50% or more. This shows a more mature and less volatile technical behavior than expected.
On the weekly chart, a possible double bottom and a forming bullish pivot can be seen, supported by increasing volume. If Bitcoin breaks the resistance around $88,000, it could retest its all-time high, with a projected target of $93,000.
Ethereum: 70% Decline and a Potential Technical Reversal
Ethereum has dropped 70% from its all-time high and is now testing a critical region: the 2018 top.
On the monthly chart, the RSI (Relative Strength Index) is around 40, a level historically associated with major bottoms. Technically, ETH is still in a downtrend on the weekly chart, with lower highs and lower lows — but this structure may be about to reverse.
If Ethereum breaks the descending trendline (LTB) and forms a bullish pivot, it could start a new uptrend. The 38% Fibonacci retracement of the last bearish leg suggests a potential upside of up to 70%, and a return to the all-time high would represent a 240% gain.
Long-Term Strategy: Better Than Catching a Falling Knife
The current moment could be ideal for those following a Dollar Cost Averaging (DCA) strategy — making regular contributions at attractive price zones without trying to time the market bottom.
Example: Someone investing $200 monthly in Ethereum could now consider increasing the allocation to lower their average cost, since the asset is in a technically significant zone with strong asymmetry favoring buyers.
Confluence Between Charts and Volume
Ethereum’s technical structure shows:
- The monthly chart has room to recover toward the 20-period moving average.
- Fibonacci retracement indicates clear targets at 38% and 50%.
- The weekly chart could form a bullish pivot with a trendline breakout.
- Volume is increasing, strengthening the potential reversal.
Conclusion: Bitcoin and Ethereum at a Critical Juncture
While Bitcoin remains technically healthy and points to a continuation of its uptrend, Ethereum presents one of the most asymmetric setups in recent years, with the potential for high returns without leverage.
Whether you’re a long-term investor or a trader watching technical timing, the charts suggest that the next big move might be near — as long as bullish patterns are confirmed.
-> Check out the video: