Crypto Frontline

BTCUSD (Coinbase)

Bitcoin continued with a consolidative stance last week and so far, the mood doesn’t seem to have changed. The price trades inside a channel formation, yet all-time highs are not too far away. In the bigger picture, the bullish trend is intact, but a lack of bullish appetite and these elevated levels could mean the market should weaken a bit until strong buyers resume. 

As a result, we see support around the $114k – $112k area. That’s also where the 200 SMA on the 4 chart overlaps. A cluster of support levels is usually better than an isolated line simply because there are multiple buyers willing to buy for several reasons. 

The bullish signal buyers might be waiting for is a break above the channel. In that case, we expect further gains into $125k – $130k, where strong offers might wait to take profit. All in all, the bullish trend continues, but there’s not a lot of upside left to squeeze. Buying dips, or opportunistically selling into rallies, could be successful strategies in this environment. 

ETHUSD (Kraken)

While Bitcoin is not making new highs, Ether buyers seem more incentivized to push valuations up. ETH is now trading above last week’s high and seems to be poised for a $4k retest. The last time we saw the coin trading at those levels was in mid-December 2024. 

We highlighted 2 weeks ago the record short interest in Ether and as those shorts were squeezed, fuel for the rally emerged. The price continues to float well above the daily 20 EMA, so there is no reason to consider a trend reversal at this point. 

However, the bullish leg can’t extend at the same pace forever, so when the price pulls back, buyers might want to look at $3,750 and $3,500 as potential key support areas. Those are role reversal levels and the market should now treat them as support. 

The upside ceiling for now is formed by $4,000 – $4,100. We will update our targets higher only if the market manages to materially break above them. 

LTCUSD (Coinbase)

Litecoin has also posted significant gains during the last 2 weeks, driven by upbeat sentiment across the market. The price even broke above $115, an important resistance zone, and now chops up and down without a clear directional bias on lower time frames. 

In case selling intensifies this week, we see support at $107 + the daily 20 EMA. Further weakness might signal an extension into $98 or the 200 SMA. The LTC performance thus far in 2025 has been dominated by sharp moves in both directions, so traders should expect deeper pullbacks, even though the bullish trend remains valid. 

On the upside, we wait for a break above $120 as a confirmation for further upside gains. Litecoin could extend towards $140, a major resistance area, if buyers continue to dominate the order flow during the upcoming weeks. Both sellers and buyers should find plenty of opportunities as liquidity is thin during the summer.