Crypto Frontline

BTCUSD (Coinbase)

Bitcoin continues to be in consolidation mode despite a spike in Middle East tensions. The price has been remarkably resilient thus far, but it’s just the first trading day of the week. It remains to be seen whether tensions will last for more than a couple of days or weeks.

If that is the case, then pressure should resume on all risk assets, including BTC. In this scenario, we see the price breaking below the triangle consolidation pattern. The first line of support below comes at $60k, followed by $56.5k. 

Right now, it’s hard to interpret the big picture. As long as BTC trades above the Feb lows, we could say this is a bottoming structure and we might see a recovery during the upcoming weeks. If so, expect the price to edge towards $74.5k. 

But if selling resumes and the February low is unable to cap the downside, Bitcoin might weaken further before finding strong buyers. Like all other markets, this one is also headline-dependent, due to the conflict between Israel/US and Iran. 

ETHUSD (Kraken)

The consolidative stance seen with Bitcoin can be spotted across altcoins as well, including Ether. In this case, though, the price seems trapped inside a range between $2,150 on the upside and $1,800 – $1,750 on the downside. 

As long as the price is unable to break this structure, the swings could go either way. Renewed risk aversion should drive the market lower and if the range breaks, $1,600 would be our next line of support. 

On the flip side, easing of tensions is likely to act as a boost to ETH and drive the market towards $2,150. Breaking and holding above that line would be a bullish development and might signal more gains during the upcoming weeks or months. For now, though, traders shouldn’t get overly optimistic, given that the situation on the ground remains very uncertain. 

XRPUSD (Kraken)

XRP selling doesn’t seem to ease and now the price is treating the October 2025 lows as a line of resistance, instead of support. As long as XRP trades below $1.4 we remain bearish on the coin and we might see a continuation lower towards $1.1 or $1, which is a major psychological level.

Altcoins are prone to higher volatility when all markets tank across the board. We don’t want to imply a heavy move to the downside might follow, but traders need to stay alert and expect anything as things stand right now. 

Breaking and closing above $1.4 would be a first sign of improvement, but the price would still have to continue higher and break the bearish trend line that has been in play for months. So far, buyers have been unable to do that and long-term traders shouldn’t shift to a bullish stance until it happens. 

We wouldn’t commit to long at this point, since the market might retest the February lows first, or at least get closer to those levels.