Crypto World
Gold Price Falls to a Monthly Low
As the XAU/USD chart shows, gold prices today dropped below the 3 March low, reaching levels last seen in the third week of February.
Why Is Gold Declining Despite the War?
Geopolitical turmoil typically supports demand for gold as a safe-haven asset. However, in the current environment — with the Middle East conflict now lasting more than two weeks — the surge in oil prices and the associated inflation risks have moved to the forefront.
Market participants appear to believe that the Federal Reserve will keep interest rates higher for longer. This increases the attractiveness of US dollar-denominated instruments, particularly US Treasuries and money market assets. Rising yields on US government bonds confirm this shift in expectations and simultaneously weigh on gold, which does not generate interest income.
Technical Analysis of XAU/USD
On the morning of 10 March, while analysing gold price movements, we confirmed that the long-term ascending channel remains in effect and also:
→ suggested that its lower boundary could provide support for gold prices;
→ noted that an important test of bullish momentum could come at the breakout level of the purple channel, near $5250.
As indicated by the arrow, the XAU/USD chart showed a continuation of the bullish impulse later that same day. However, the move lost momentum around $5235, forming peak A, after which a sequence of lower highs and lower lows (A–B–C–D–E) developed.
At the same time:
→ the lower boundary of the long-term rising channel was broken following a weak rebound from B to C;
→ a descending channel (shown in red) has now become relevant;
→ the $5060 level may act as an important resistance area, where sellers were strong enough to break the local support S and push gold prices into the lower half of the red channel.
If bears continue to maintain control, the price of an ounce could decline towards the lower boundary of the red channel.
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Crypto World
PEPE, BONK outpace BTC price, ETH as “barbell strategy” wins out: Crypto Daybook Americas
By Omkar Godbole (All times ET unless indicated otherwise)
Even as bitcoin rallies, non-serious tokens such as memecoins are emerging as the biggest winners.
Among the majors, bitcoin jumped more than 2% in 24 hours, and at one point early Monday briefly topped $74,300 for the first time since early February. Other tokens including XRP (XRP) and solana (SOL) gained over 4%, and ether (ETH) rose 7%. The CoinDesk 20 Index added nearly 4%.
But the top-performing token among the top 100 over the past 24 hours is the memecoin PEPE, which has surged 19%. Its compatriots BONK and PENGU are up over 10%, and SHIB also outpaced ether’s 7% rise. In fact, five of the day’s best-performing coins are meme tokens.
This illustrates a trend observed since 2023–24. Observers have dubbed it the “barbell strategy:” holding a serious token like bitcoin, with growing institutional adoption, on one end, while speculating in smaller, non-serious coins such as memecoins on the other.
The behavior contrasts with the previous bull market, when BTC rallies tended to lift more productive sectors of the market, such as DeFi and play-to-earn projects.
One possible reason for the absence of a so-called “meaningful alt season” is the flood of new altcoins, which has spread demand across thousands of projects. CoinMarketCap data show the total number of tokens has surpassed 37.8 million in just three years, highlighting the massive influx of new projects.
Some observers are pinning hopes on the Clarity Act in the U.S. to reinvigorate the broader market. Others caution that time is running short for decisive regulatory action.
In traditional markets, S&P 500 futures traded higher even as oil prices tested the $100 level. Nvidia’s GTC conference begins Monday, and CEO Jensen Huang could outline the company’s AI roadmap, an event the crypto industry will watch closely for signals on data center demand. Stay alert!
Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today
What to Watch
For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.
- Crypto
- Macro
- March 16, 8:30 a.m.: Canada consumer price index (CPI) YoY for February (Prev. 2.3%)
- Earnings (Estimates based on FactSet data)
- March 16: Bakkt Holdings (BKKT), post-market, -$0.47
- March 16: Bitcoin Depot (BTM), pre-market, -$0.47
- March 16: Cango (CANG), post-market, -$0.34
Token Events
For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.
- Governance votes & calls
- Decentraland DAO is voting on whether to allow registered users to customize the color of their avatar name tag and to add a more accessible volume slider to the UI sidebar. Voting ends March 16 and 17.
- Unlocks
- March 16: Arbitrum (ARB) to unlock 1.78% of its circulating supply worth $9.65 millon.
- Token Launches
Conferences
For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.
Market Movements
- BTC is up 2.22% from 4 p.m. ET Sunday at $73,300.29 (24hrs: +2.02%)
- ETH is up 5.98% at $2,259.15 (24hrs: +6.57%)
- CoinDesk 20 is up 3.81% at 2,130.70 (24hrs: +3.79%)
- Ether CESR Composite Staking Rate is unchanged at 2.74%
- BTC funding rate is at 0.0041% (4.4435% annualized) on Binance
- DXY is unchanged at 100.29
- Gold futures are down 1.36% at $4,983.70
- Silver futures are down 2.80% at $78.65
- Nikkei 225 closed down 0.13% at 53,751.15
- Hang Seng closed up 1.45% at 25,834.02
- FTSE 100 is unchanged at 10,261.99
- Euro Stoxx 50 is down 0.67% at 5,678.08
- DJIA closed on Friday down 0.26% at 46,558.47
- S&P 500 closed down 0.61% at 6,632.19
- Nasdaq Composite closed down 0.93% at 22,105.36
- S&P/TSX Composite closed down 0.91% at 32,541.93
- S&P 40 Latin America closed down 0.16% at 3,584.57
- U.S. 10-Year Treasury rate is up 1 bps at 4.28%
- E-mini S&P 500 futures are up 0.37% at 6,660.50
- E-mini Nasdaq-100 futures are up 0.45% at 24,504.25
- E-mini Dow Jones Industrial Average futures are up 0.78% at 46,957.00
Bitcoin Stats
- BTC Dominance: 59.22% (-0.29%)
- Ether-bitcoin ratio: 0.03088 (3.24%)
- Hashrate (seven-day moving average): 947 EH/s
- Hashprice (spot): $32.00
- Total fees: 1.97 BTC / $140,987
- CME Futures Open Interest: 111,895 BTC
- BTC priced in gold: 14.8 oz.
- BTC vs gold market cap: 4.92%
Technical Analysis
- The chart shows bitcoin’s daily price swings in candlestick format since September 2025.
- Despite the recent bounce, BTC remains trapped in a sideways grind marked by trendlines connecting highs hit on Feb. 8 and March 4 and lows from Feb. 6 and Feb. 24.
- The next move largely depends on the direction in which the range play is resolved.
- A similar price action unfolded in the two months to mid-January and ended deepening the selloff to nearly $60,000.
Crypto Equities
- Coinbase Global (COIN): closed on Friday at $195.53 (+1.19%), +2.72% at $200.84 in pre-market
- Galaxy Digital (GLXY): closed at $22.35 (+8.34%), +2.68% at $22.95
- MARA Holdings (MARA): closed at $9.32 (+6.39%), +3.54% at $9.65
- Riot Platforms (RIOT): closed at $14.04 (–3.17%), +2.42% at $14.38
- Core Scientific (CORZ): closed at $16.49 (+1.54%), +0.73% at $16.61
- CleanSpark (CLSK): closed at $9.76 (+2.20%), +3.18% at $10.07
- Exodus Movement (EXOD): closed at $8.97 (–9.94%)
- CoinShares Bitcoin Miners ETF (WGMI): closed at $38.28 (+0.83%)
- Circle Internet Group (CRCL): closed at $115.38 (+1.05%), +2.88% at $118.70
- Bullish (BLSH): closed at $36.62 (+1.05%), +2.40% at $37.50
Crypto Treasury Companies
- Strategy (MSTR): closed at $139.67 (+1.70%), +3.10% at $144.00
- Strive Asset Management (ASST): closed at $9.53 (+7.93%), +3.04% at $9.82
- SharpLink (SBET): closed at $7.53 (+0.67%), +5.84% at $7.97
- Upexi (UPXI): closed at $1.11 (+19.35%), +9.91% at $1.22
- Lite Strategy (LITS): closed at $1.18 (+2.61%)
ETF Flows
Spot BTC ETFs
- Daily net flows: $180.4 million
- Cumulative net flows: $56.12 billion
- Total BTC holdings ~ 1.29 million
Spot ETH ETFs
- Daily net flows: $26.7 million
- Cumulative net flows: $11.82 billion
- Total ETH holdings ~ 5.73 million
Source: Farside Investors
While You Were Sleeping
Bitcoin (BTC) found fresh strength during the early Asian trading hours on Monday as bulls eyed further short-term gains.
Key takeaways:
-
Bitcoin price rises to a six-week high of $74,400 on Monday, liquidating $300 million in shorts.
-
The 50-day moving average above $71,120 is a key support level to watch for BTC/USD going forward.
Bitcoin leads market in new relief bounce
Data from TradingView showed 2.5% daily BTC price gains, with BTC/USD rising as high as $74,400 for the first time since Feb. 4.
Ether (ETH), the largest altcoin by market capitalization, was trading at $2,250 at the time of writing, up 7% over the last 24 hours. Fifth-placed XRP (XRP) has gained nearly 5% over the last day to trade just above $1.48.
Solana (SOL) has also posted significant gains among the top 10 cryptocurrencies, up 6% over the same period. As a result, the global crypto market capitalization is up 4% over the day to $2.49 trillion on Monday.
“Bitcoin pumped $1,800 in just 30 minutes, hitting a 40-day high of $74,300,” analyst Bull Theory said in the latest post on X, adding:
“It’s surprising how risk assets are performing better than safe-haven assets like gold and silver during an active war.”
Bitcoin’s relief rally is accompanied by significant short liquidations across the crypto market totaling $300 million over the last 24 hours. Meanwhile, Bitcoin futures open interest (OI) continued to rise, with monitoring resource Coinglass showing a 6% jump to $49.2 billion in the past 24 hours.
Commenting on the data, Coinglass said that the same pattern of the OI rising in tandem with the price “preceded the last volatility spikes,” adding:
“New fuel is building again.”
Bulls reclaim the 50-day BTC price trend line
Bitcoin’s latest recovery saw it reclaim a key support level in the form of the 50-day simple moving average (SMA) at $71,120.
“Impressive strength on BTC today – set to close a daily candle above its 50MA for the first time in 55 days,” said trader and investor MacroSRG in a Monday post on X.
BTC rallied 33% in just a month following the last time the price reclaimed this trend line after a long period of trading below it.
Bitcoin is also “set to close 8 consecutive daily green candles for the first time since December 2020,” analyst Max Crypto said in an X post, adding:
“Last time this happened, BTC rallied 145% in just 2 months.”
Echoing this, MN Capital founder Michael van de Poppe said that while Bitcoin continues to build momentum, its valuation against gold “rallies substantially,” adding:
“There’s more upside to come; $ETH broke out of the range, which means it’s a matter of time until Bitcoin continues the rally towards $80K.”
Along with the 50-day SMA, the BTC/USD pair now also trades above other key long-term levels, including the 200-week exponential moving average (EMA) and the old 2021 all-time high at $68,300 and $69,400, respectively.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
The cryptocurrency market is seeing renewed bullish momentum as XRP climbed to around $1.47, gaining nearly 4% in the past 24 hours. The move highlights growing investor interest in major altcoins as traders rotate back into digital assets amid broader volatility across traditional financial markets.
Meanwhile, Bitcoin surged past $74,000, rising more than 3% in a single day and triggering roughly $115 million in short liquidations. The rally comes as global markets react to geopolitical tensions, with cryptocurrencies showing resilience compared to some traditional assets. Since the start of the latest market volatility, Bitcoin has climbed more than 12% from around $66,000, helping push the total crypto market capitalization toward $2.5 trillion.
As the market heats up, new projects are also entering the spotlight, including the Ethereum-based memecoin APEPEPE, which has officially launched its presale phase. The project is positioning itself within the fast-growing memecoin sector that previously produced breakout successes such as Dogecoin and Shiba Inu. By focusing on community engagement and viral branding, the team behind APEPEPE aims to build momentum during the early stages of its launch.
Institutional activity is also playing a role in the current market strength. U.S. spot Bitcoin ETFs have recorded hundreds of millions of dollars in inflows, helping support Bitcoin’s climb while improving overall sentiment across the crypto sector. However, analysts still warn that macroeconomic uncertainty and global events could create short-term volatility.
Despite these risks, many traders believe the current environment could spark a new wave of innovation and speculative interest across the crypto ecosystem. With major assets like XRP and Bitcoin leading the rally, attention is increasingly shifting toward emerging projects that could capture the next cycle of market excitement.
For early-stage investors and crypto enthusiasts watching the memecoin sector, projects like APEPEPE are gaining attention precisely because they are still in their early phases. As the presale unfolds and the community continues to grow, supporters hope the project could become one of the standout newcomers in the evolving memecoin landscape.
Learn more about APEPEPE:
Website: https://apepepe.com
X (Twitter): https://x.com/realAPEPEPE
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Key Takeaways
- Shares of Ulta Beauty tumbled over 10% following its Q4 earnings release, pressured by conservative fiscal 2026 projections and a modest bottom-line shortfall
- The company’s Q4 earnings per share of $8.01 exceeded both internal projections and analyst consensus, while sales reached $3.90B, marking an 11.8% year-over-year increase
- Comparable store sales climbed 5.8% in Q4, with positive momentum across all primary product segments
- Fiscal 2026 comp sales outlook of 2.5%–3.5% fell short of Street expectations, with management signaling flat operating margin performance ahead
- The beauty retailer announced a $1 billion share repurchase program for this year; institutional shareholders control 90.39% of shares, while analyst consensus leans “Moderate Buy” at $671.27 price target
Ulta Beauty delivered what would typically be considered a strong fourth-quarter performance, yet investors fixated on softer full-year projections and a minor earnings shortfall against elevated expectations. Shares plummeted more than 10% following the earnings announcement, extending losses to approximately 19% since Barron’s recommended the stock less than 30 days prior.
The beauty retailer reported Q4 earnings of $8.01 per share, surpassing the consensus forecast of $7.93 by eight cents. Top-line results reached $3.90 billion, representing an 11.8% year-over-year improvement and exceeding analyst projections of $3.81 billion. Gross profit margins also came in ahead of estimates. What triggered the selloff? Earnings missed certain higher-end projections, and the company’s fiscal 2026 outlook proved more conservative than investors anticipated.
For the current fiscal year, management projected comparable sales expansion of 2.5% to 3.5% — landing below Wall Street’s midpoint expectations — while signaling operating margins would remain essentially unchanged. Elevated marketing expenditures, rising incentive-based compensation, and strategic reinvestment initiatives are compressing profitability. The company also faces more challenging year-over-year comparisons following a robust FY25 performance.
With a new chief financial officer recently appointed, the measured guidance approach may reflect fresh leadership caution. Raymond James analyst Olivia Tong observed that the conservative stance aligns with Ulta’s traditional guidance philosophy, potentially reinforced by current macroeconomic and geopolitical uncertainty.
Wall Street Moderates Targets While Maintaining Support
Though the market’s response was severe, few analysts issued downgrades. UBS maintained its “buy” recommendation with an $810 price objective. William Blair analyst William Carden suggested the sharp decline “could reverse quickly” following the reset of 2026 expectations around stable margins. TD Cowen’s Oliver Chen emphasized Ulta’s “low-to-luxe” product range as an enduring competitive advantage.
Overall analyst sentiment remains at “Moderate Buy,” comprising 15 Buy ratings, 10 Hold recommendations, one Strong Buy, and a single Sell rating. The consensus price target stands at $671.27, compared to Monday’s opening price of $535.72 — suggesting substantial upside potential if operational execution meets projections.
Zacks Investment Research shifted its rating from “Strong Buy” to “Hold” in February, ahead of the earnings release. Jefferies, which initiated coverage in January, maintains a “Hold” stance with a $700 target.
Institutional Investors Increasing Stakes
Despite the post-earnings turbulence, several institutional investors expanded their holdings. Holocene Advisors LP increased its ULTA position by 339.6% during Q3, acquiring an additional 293,516 shares for a combined stake valued at approximately $207.7 million. Focus Partners Wealth, Intech Investment Management, and multiple other institutional funds similarly added exposure in recent quarters.
Institutional ownership currently represents 90.39% of outstanding shares.
The company’s Q4 comparable sales growth of 5.8% compares favorably against flat performance in Kohl’s Sephora partnership. Digital channels continue gaining traction, with artificial intelligence-powered personalization identified as a key catalyst. The retailer also plans to introduce a curated TikTok Shop presence, aiming to capture younger demographic segments.
Ulta’s 52-week trading range spans from $323.36 to $714.97. Monday’s opening price of $535.72 sits notably below the 50-day moving average of $665.60 and the 200-day average of $587.65.
Management established fiscal 2026 EPS guidance at $28.05–$28.55, compared to the current analyst consensus of $23.96 for the period.
Crypto investment products continued their momentum last week, signaling resilience to geopolitical stress and strengthening the case for Bitcoin’s role as a safe-haven asset.
Crypto exchange-traded products (ETPs) recorded $1.06 billion in inflows last week, led by $793 million into Bitcoin (BTC), CoinShares reported on Monday.
The inflows mark three consecutive weeks of positive flows totaling $2.7 billion, driving net inflows to around $1.2 billion year-to-date.
CoinShares’ head of research, James Butterfill, said the rising momentum over the past few weeks underscores the resilience of digital assets, particularly Bitcoin, as a “relative safe haven” compared with other asset classes.
Since the onset of the Iran crisis, total assets under management (AuM) in digital asset ETPs have risen by 9.4% to nearly $140 billion, he said.
Ethereum ETP flows about to turn neutral with fresh $315 million inflows
With the latest inflows, Bitcoin ETPs increased year-to-date gains to $933 million. Ether (ETH) funds are still in the red, with around $23 million in outflows YTD after $315.3 million of inflows last week.
Butterfill said the launch of new staking ETF listings in the US contributed to the positive momentum, bringing the flows close to a net neutral position.
XRP (XRP) suffered its second week of outflows totaling $76 million, while Solana (SOL) saw $9.1 million of inflows.
Related: Bitcoin ETFs add $251M as Goldman Sachs tops XRP ETF holders
Short-Bitcoin products also recorded inflows of $8.1 million last week, highlighting that market opinion remains “somewhat polarized,” Butterfill said.
Spot Bitcoin ETFs post first five-day inflow streak, year-to-date losses still at $500 million
The majority of Bitcoin fund inflows were driven by US spot Bitcoin exchange-traded funds (ETFs), which recorded their first five-day inflow streak of 2026, attracting $767.3 million in new funds last week.
Despite three consecutive weeks of inflows totaling $2.1 billion, the ETFs remain in negative territory for the year, with approximately $493 million in net outflows year-to-date.
This week will reveal whether US spot Bitcoin ETFs can finally turn positive for 2026, after $1.8 billion in outflows in January and February were partially offset by $1.34 billion in inflows in March.
Magazine: Spot Bitcoin ETFs first green week, crypto ATM losses surge 33%: Hodler’s Digest, Mar. 8 – 14
President Donald Trump’s family-backed crypto project, World Liberty Financial (WLFI) has passed a governance proposal requiring token holders to lock up their tokens for nearly six months in order to participate in protocol voting.
Summary
- WLFI holders approved a governance proposal requiring token holders to stake their tokens for 180 days in order to participate in protocol voting.
- Participants who stake WLFI and vote at least twice during the lock period can earn roughly 2% annual yield.
The proposal received overwhelming support and was approved with 99.12% of 1,800 votes cast in favor, although more than 76% of the voting power came from just ten users.
WLFI introduced the proposal last month, outlining a governance staking system that would require holders of unlocked WLFI tokens to stake their assets before they can participate in votes that determine the direction of the protocol and its broader ecosystem.
According to the firm, the change would ensure that only participants with “long-term alignment to the protocol” are able to influence governance decisions.
The proposal “rewards WLFI holders who have demonstrated the most commitment to WLFI governance and the WLFI ecosystem with additional opportunity to engage in the future of the WLFI ecosystem and potential commercial arrangements,” the document states.
Another goal of the initiative is to promote the adoption of WLFI’s USD1 stablecoin by redirecting value that previously flowed to market makers toward ecosystem participants.
To incentivize participation, the proposal introduces a base reward of roughly 2% annual yield for token holders who stake their WLFI and take part in at least two governance votes during the lock-up period. Meanwhile, holders whose tokens are already locked remain eligible to vote without additional staking requirements.
Further, the proposal documents outline a “Super Node” tier requiring participants to stake 50 million WLFI tokens, worth about $5 million, which would grant them “guaranteed direct access” to the WLFI team for collaboration and partnership discussions.
In a recent statement to Reuters, WLFI spokesman David Wachsman confirmed that the access would be limited to the project’s business development team and executives rather than direct engagement with specific founders. Trump’s sons Eric and Barron are listed in project materials as part of the team supporting the platform.
As part of its longer-term plans centered around the USD1 stablecoin, the platform is also seeking a national trust bank charter from the U.S. Office of the Comptroller of the Currency.
The effort has drawn scrutiny from Washington lawmakers, with some arguing that the application should not move forward unless potential conflicts of interest tied to the project are addressed.
Concerns center on the project’s links to President Donald Trump and members of his family who are financially involved in the venture.
CFG exploded by more than 60% in minutes after Binance announced that it will list the cryptocurrency on its exchange.
Centrifuge’s native cryptocurrency, CFG, has exploded by more than 60% in a matter of moments. This happened after Binance announced it would list the token for spot trading across three pairs. Namely, these are CFG/USDT, CFG/USDC, and CFG/TRY.
According to the official announcement, the trading will open today at 13:00 UTC. Users won’t be able to deposit CFG until one hour after the trading begins.
The price reacted immediately, soaring from around $0.12 to almost $0.2 before retracing to its current price of $0.181.
Moves like these are very typical of exchange listings, especially when it’s a leading name like Binance or Coinbase.
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The frog-themed meme coin is today’s biggest gainer, followed by TAO, DOT, and BONK.
After a relatively quiet weekend despite the latest developments in the Middle East, bitcoin’s price surged on Monday morning to a six-week peak of just over $74,000, where it was stopped.
Many altcoins have produced even more impressive gains, including ETH, which reclaimed the $2,200 level, and ADA, which jumped by 10% at one point.
BTC Saw New Local Peak
The previous business week began quite contrastingly to this one, as BTC’s reaction to the weekend developments on the war front pushed it south to $65,600. However, the bulls intercepted the move and helped the asset recover several grand by Wednesday when it jumped to $68,000 after the CPI numbers came out for February.
After a minor rejection at that point, bitcoin went on the attack once again on Friday. It skyrocketed to $74,000 for the second time in the past 10 days, only to be rejected once again. It dipped further to just over $70,000 during the weekend after the latest set of bombings in the Middle East, but managed to maintain that level.
More volatility was expected on Monday morning when most legacy financial markets opened, including oil. Indeed, fluctuations arrived, but they sent BTC higher to a multi-week peak of just over $74,000. Although it failed there and now sits a grand lower, BTC is still up by 8% weekly.
Its market cap has increased to $1.465 trillion on CG, while its dominance over the alts continues to sit below 57%.
PEPE Soars
Ethereum, Solana, and Cardano are the biggest beneficiaries of today’s market-wide rally. All three have added around 6-8% of value, pushing ETH to well over $2,250, SOL to above $90, and ADA close to $0.40. HYPE, LINK, DOGE, XMR, AVAX, LTC, and XRP are also in the green, albeit in a more modest manner.
There are some double-digit gainers as well. PEPE leads the pack with a notable 18% surge, followed by DOT and TAO. BONK, SHIB, and ZEC are next in line.
The total crypto market cap added almost $100 billion daily and is close to $2.6 trillion on CG as of now.
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Ethereum USD has reclaimed the $2,200 level, surging from oversold lows near $1,840 in late February as buyers successfully defended the critical $2,000 psychological threshold following a +6% overnight pump into the Monday morning trading session.
This move marks a significant +19% rebound from the capitulation wick of $1,840 seen just weeks ago, validating the bullish thesis for traders watching the $2,050 defense line.
Institutional narratives are also beginning to align with the technical recovery. While price action remains the primary focus, BlackRock recently launched its iShares Staked Ethereum Trust, adding a layer of fundamental support that suggests smart money interest persists despite recent volatility.
This bullish move isn’t isolated to the ETH chart; while it is one of the strongest overnight performers, the total crypto market cap has surged by +2.4% as it closes in on $2.6 trillion.
RSI Bounce From 34 Zone Flags Oversold Exhaustion as Bulls Regroup
The recent market bounce is primarily driven by the RSI entering oversold territory, dropping to 34.19 in late February, signaling seller exhaustion and a potential mean reversion.
When the RSI nears 30, it often draws in value investors. The recovery toward neutral territory suggests a momentum shift towards bulls.
On-chain data supports this view, showing tightened exchange supply and re-establishing the 76.4% Fib retracement level, indicating a technical shakeout rather than a fundamental trend reversal. This combination led to the break above $2,150.
Additionally, the MACD is gaining momentum in the bullish zone on the hourly charts, aligning with the broader Ethereum USD analysis and suggesting the recent downtrend has been invalidated, opening opportunities for continuation if volume remains steady.
DISCOVER: The 16 Best Meme Coins to Buy in March 2025
Can the Ethereum Price Clear $2,320 and Set Sights on $2,500?
With the $2,200 level now acting as a potential support level, the path of least resistance appears to be higher. Immediate resistance sits near the $2,245 to $2,250 zone.
A clear daily close above $2,250 would likely trigger a rapid move toward the next major friction point at $2,280.
If bulls can clear that hurdle, the chart opens up significantly, with the $2,320 resistance region becoming the primary target for the week ahead.
Beyond the immediate technicals, broader market forecasts are becoming increasingly optimistic about a mid-term recovery.
For instance, China’s Alibaba AI recently predicted Ethereum price targets that align with a recovery toward the $2,500 range, contingent on macro stability.
Some analysts speculate that the launch of staked ETH ETFs could be the catalyst that drives Wall Street capital back into the asset, providing the liquidity needed to sustain a move above $2,400.
Downside Risk for Ethereum USD: Critical Support Levels to Watch
Despite optimism, failing to break the $2,300 resistance may lead to a retest of lower support levels, starting at $2,180 and followed by $2,150.
A fall below $2,150 would negate the bullish trend, potentially pushing prices toward the $2,100 pivot. The key support remains at $2,050 to $2,000; a break below this could expose recent lows around $1,840.
Traders should closely monitor the $2,180 level; a high-volume close below it would signal a weakening recovery.
The market is at a critical point, with traders watching the daily close relative to $2,300 for signals of a reversal or prolonged consolidation.
EXPLORE: Best Crypto Presales to Buy in 2026
The post Ethereum USD Reclaims $2,200 as the Crypto Market Booms appeared first on Cryptonews.
Bitcoin’s recent rebound reflects a strengthening base of long-term holders as ETF inflows and corporate treasury buying reshape the asset’s ownership structure, Bernstein said in a Monday research note shared with Cointelegraph.
Bernstein said Bitcoin outperformed gold and major equity indexes over the past week despite heightened conflict in the Middle East, with Bitcoin (BTC) up around 7% and Ether (ETH) up about 9% over the period.
Analysts attributed the shift partly to continued US spot Bitcoin exchange-traded fund (ETF) inflows and the steady accumulation of corporate buyers such as Strategy, which they say are gradually strengthening Bitcoin’s long-term holder base, contributing to a more stable market structure.
“Maybe it takes a physical conflict to realise Bitcoin remains the most portable (cross-border), digital and liquid asset with no counterparty risks,” Bernstein said.
Bernstein’s broader point is that ownership is changing. As roughly 60% of Bitcoin supply has been inactive for more than a year, the market is increasingly dominated by longer-term holders rather than fast-money flows. As more Bitcoin moves into ETFs, corporate treasuries and wallets that rarely transact, short-term sell pressure may matter less, potentially giving the market a more stable base during periods of stress.
ETFs, corporate treasuries fuel Bitcoin resilience
CoinGecko data shows that BTC traded at about $73,208 at the time of writing, up over 8% in the last seven days amid heightened geopolitical tensions in the Middle East.
SoSoValue data shows that US spot Bitcoin ETFs had three consecutive inflow weeks totalling over $2.1 billion. Bernstein attributed the inflows to rising long-term capital allocations through wealth managers, institutional funds, including pension and sovereign funds.
Bernstein said spot BTC ETFs have nearly reversed their year-to-date (YTD) capital outflows, with net withdrawals narrowing to about $460 million, compared with roughly $92 billion in total assets under management (AUM).
Related: Strategy records biggest STRC issuance day with estimated 1,420 BTC buy
Bernstein also pointed to Strategy’s continued Bitcoin accumulation this year.
Strategy added 66,231 BTC year-to-date for roughly $5.6 billion at an average purchase price of around $85,000, according to Bernstein.
On March 9, Strategy announced that it had acquired 17,994 Bitcoin for $1.28 billion between March 2 and 8, pushing its total reserves above 738,000 BTC, worth about $54 billion.
Bitcoin Treasuries data shows that ETFs and exchanges hold about 1.6 million BTC, worth over $117 billion, while public companies hold 1.15 million BTC, worth about $84 billion.
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