Copyright © 2026 FactSet Research Systems Inc.Copyright © 2026, American Bankers Association. SEC fillings and other documents provided by Quartr.© 2026 TradingView, Inc. Ethereum price rebounded following reports that Iran’s president is willing to end the war with the U.S. and Israel if certain conditions are met. Bitcoin (BTC) slips below $69,000 as of writing on Friday, nearly wiping out its recovery from earlier this week. Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.
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Solana and Ethereum hit record transaction levels in Q1 2026, revealing two distinct blockchain models focused on scale and value. Additionally, the Ethereum blockchain can host other cryptocurrencies, known as tokens, which are created using its ERC20 compatibility standard. A significant event in Ethereum’s history was the “Merge,” a major upgrade that took place in 2022. This transition shifted the network’s consensus mechanism from a energy-intensive Proof of Work (PoW) model to a more efficient Proof of Stake (PoS) model. This change was aimed at improving the network’s scalability, security, and sustainability.
ethereum
Meanwhile, Solana price action was trading in a sideways market, having lost much of its correlation with ETH. On the 4-hour chart, the altcoin was trading around a resistance zone that had held price since February. This is the lowest level recorded over the past year, and the metric is continuing a decline that accelerated sharply through late 2025 and into 2026. The drawdown from the mid-2025 peak near 21M ETH has been steep and consistent. It reflects a sustained trend of holders withdrawing ETH from exchanges into self-custody.
Meanwhile, Ripple (XRP) shows subtle signs of a rebound, trending above $1.35 despite muted institutional interest in related digital investment products. Hence, the next immediate resistance level that traders would be keeping an eye on lies at $2,200, a level where previous selling pressure has historically intensified. The recovery followed after the leading altcoin fell nearly 16% from its monthly high of $2,360 to $1,972 earlier on Monday. The drop occurred amid growing uneasiness in the market due to the back-and-forth attacks between the U.S. and Iran. A ripple effect of it was the blockade at the Strait of Hormuz, a key maritime corridor that has pushed oil prices to record highs. Ethereum similarly recorded inflows of roughly $31 million on Tuesday, from nearly $5 million on Monday.
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Cumulative inflows have steadied at $1.21 billion, while net assets under management have dropped to around $944 million, from the record $1.65 billion on January 1. Interest in Bitcoin spot Exchange-Traded Funds (ETFs) remained steady with nearly $118 million in inflows recorded on Tuesday, up from roughly $69 million on Monday. According to Arkham data, Alameda unstaked more than 1,695 ETH, worth more than $3.56 million. That is, three weeks ago, they sold more than $17 million of SOL tokens. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.
This reinforces the area as the key supply zone to clear before any bullish case can be made. On the daily chart, Ethereum price has formed a cup and handle pattern, a popular bullish continuation pattern in technical analysis. ETH price has recently broken out of the handle pattern, a sign that the upward trend is resuming. Lennox Gitonga is a Financial Market and On-Chain Analyst at AMBCrypto with a Bachelor of Commerce in Finance.
- On the 4-hour chart, the altcoin was trading around a resistance zone that had held price since February.
- ETH continues to print lower highs beneath a declining 100-day MA (~$2.4k) and 200-day MA (~$3k).
- If these conditions fail to improve, recoveries may quickly be snuffed out with pullbacks taking center stage.
- Meanwhile, Ripple (XRP) shows subtle signs of a rebound, trending above $1.35 despite muted institutional interest in related digital investment products.
- According to data from crypto.news, Ethereum (ETH) price rose to a six-day high of $2,153 on Wednesday, April 1.
The author has not received compensation for writing this article, other than from FXStreet. Bitcoin hovers slightly below $68,000 after a 2% gain in March, ending the streak of five consecutive bearish months. The US President Donald Trump foresees the Iran war ending in two or three weeks. In the meantime, Algorand, Stable, and Midnight are leading gains over the last 24 hours. However, a break above would invalidate the signals sent by Alameda Research’s move, at least for now. This showed buying was weak at a price zone that has led to bearish reversals previously.
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Bitcoin traders may experience subdued market activity as the Easter holiday compresses liquidity across global financial markets, K33 Head of Research Vetle Lunde stated in a Tuesday report. The SEC approved in January the listing and trading of several strovemont capital Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. The war in the Middle East, macroeconomic uncertainty and the overall bearish sentiment are among the factors contributing to weak market sentiment.