Daily Crypto Signals: Bitcoin Holds Steady Above $105K, Ethereum Faces Selling Pressure

Bitcoin hodls strong above $105K, bolstered by institutional interest. Ethereum struggles at $2,600 due to whale selling pressure. Regulatory developments in Vietnam add to a positive crypto sentiment as the Fear & Greed Index remains in “greed” territory with Bitcoin ETF inflows surging.

In today’s crypto landscape, Bitcoin is holding steady above the $105,000 mark, an impressive feat despite some geopolitical anxiety. Recent news suggests that MicroStrategy might be preparing for another Bitcoin purchase, which could bolster market confidence. Meanwhile, Ethereum is facing pressure from a particularly large holder as tensions in the Middle East continue to swirl.

Despite the heightened tensions between Israel and Iran this week, the cryptocurrency market exhibited a surprising level of stability. Bitcoin’s price did dip by 2.8% to around $103,000 following global developments, but the Crypto Fear & Greed Index remained firmly in the “greed” zone with a score of 60, indicating continued positive sentiment among investors. This resilience hints that institutional investors still have faith in the market’s potential, even amid uncertainties.

Adding to the positive tide, Vietnam’s recent legalisation of cryptocurrencies under its new Digital Technology Industry Law, effective January 1, 2026, is set to create structured regulations. The law establishes cybersecurity and anti-money laundering practices to meet international standards, addressing concerns raised by the Financial Action Task Force. This regulatory shift may further lift trader confidence.

Institutional trading activity surged this past week, with US-based spot Bitcoin ETFs attracting significant inflows. There was an influx of $86.3 million on Thursday followed by a whopping $301.7 million on Friday, bringing the weekly total to $1.37 billion. This suggests a robust appetite for Bitcoin investments, despite the recent market volatility, signaling that institutional support remains unwavering.

Bitcoin’s pricing pattern shows it maintaining above that critical threshold of $105,000. The weekly charts reveal a Doji candlestick formation, suggesting a balance between buyers and sellers. MicroStrategy’s co-founder, Michael Saylor, fuelled speculation of further purchases by hinting at additional acquisitions through a tweet featuring a Bitcoin chart with a cryptic message. The company currently holds 582,000 Bitcoin, making it the largest known corporate holder of the cryptocurrency.

In terms of technical support, Bitcoin has found backing at the 50-day simple moving average of around $103,604. However, the bulls are struggling to break past the 20-day exponential moving average of approximately $106,028. Some analysts, however, stay optimistic about Bitcoin’s prospects, with trader Alan Tardigrade identifying patterns that could see Bitcoin surge to prices between $152,000 and $229,000, driven by previous golden cross formations.

The mining sector is facing its own challenges, as the difficulty of mining Bitcoin recently hit a new peak of 126.9 trillion. While this constitutes a hurdle, companies like Marathon Digital and CleanSpark are still expanding their operations and adopting Bitcoin treasury strategies. Marathon, notably, boosted its production by 35% in May while holding onto all mined Bitcoin.

On Ethereum’s side, things are looking a bit rocky. The second-largest cryptocurrency has been unable to maintain levels above the $2,600 mark, currently hovering around $2,500. The reawakening of a substantial whale wallet, containing around 2,000 ETH, has added substantial selling pressure, raising concerns about potential liquidation if sold. The wallet had remained dormant since 2015 when the ETH was valued at just $620.

Despite the challenges, Ethereum’s technical structure remains intact, although its failure to surpass the $2,600 ceiling indicates it might be stuck in consolidation for the time being. Recent trading patterns suggest it’s oscillating between $2,495 and $2,549, with buyers keen on upholding the psychological support around $2,500.

In the world of altcoins, some interesting movements can be noted. Hyperliquid (HYPE) is generating buzz with solid technical momentum, although it struggles to hold above $42.50. Bitcoin Cash (BCH) shows promise as well, recently bouncing off its critical 50-day SMA at $403, indicating persistence as it targets the $500 mark with support in place. Meanwhile, Aave (AAVE) has encountered volatility but tests a crucial 20-day EMA at $269, which may reignite previous upward momentum. Lastly, OKB is navigating a descending channel, testing support while hinting at potential growth if the resistance line is broken.