Just as everyone started to believe that demand for Bitcoin had returned—especially after its rapid surge toward the $114,000 mark—some traders seized the opportunity to lock in profits, quickly dragging BTC back down to its intraday lows. This high volatility suggests the presence of large players in the market, which is actually a positive sign, as it shows the battle for direction is still ongoing. Ethereum also faced challenges in holding the $4,000 level, slipping below it by the end of the day's close.

Meanwhile, according to the latest data from SoSoValue, spot BTC and ETH ETFs recorded new inflows during yesterday's trading session. These inflows, combined with Fed official Waller's recent statement, helped strengthen positive momentum across the crypto market. Many experts attribute the increased investment activity to the shift in regulatory tone and rising expectations for monetary policy easing in the near future.

The growing interest in spot ETFs—especially amid market turbulence—demonstrates increasing trust in digital assets as legitimate investment tools. The ability to invest in Bitcoin and Ethereum through regulated, institutionally familiar platforms like ETFs continues to attract attention.

The impact of these new inflows on the price of Bitcoin and Ethereum is indeed significant and is a key reason why the market remains resilient and continues to attempt a recovery. However, the long-term sustainability of this trend will depend on a variety of factors, including macroeconomic conditions, future actions by the Federal Reserve, and regulatory developments. Investors should remain vigilant and consider the risks associated with crypto market volatility. That said, the current dynamics reveal strong potential for further growth and development in the sector.

Trading recommendations

As for Bitcoin's technical outlook, buyers are currently aiming to regain the $109,300 level, which would open a direct path toward $111,600 and, from there, just a short move to $113,800. The ultimate bullish target remains the high near $116,300—breaking above this level would confirm the strengthening of the bull market. If Bitcoin declines, buyer interest is expected around $106,700. A drop below this area could quickly push BTC down to around $103,400, with the furthest bearish target being the $100,000 zone.

Regarding Ethereum's technical picture, a clear breakout and consolidation above $3,926 opens the way to $4,056. The furthest upward target is the high near $4,191—a breakout above it would indicate a stronger bullish trend and renewed buyer interest. In case of a drop, buyers are expected at the $3,803 level. If ETH breaks below this zone, it could quickly fall to around $3,655. The furthest bearish target would be the $3,505 area.

What's on the chart

• The red lines represent support and resistance levels, where price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.