Bitcoin steadies near $113K, Ethereum slides 7% in one week

Synopsis

Bitcoin experienced a slight increase to $112,991.84 after a recent dip, while Ethereum saw a more significant decline. Analysts suggest Bitcoin’s movement is within a rising channel, facing resistance near $117,000 and support around $114,600. Market sentiment is cautiously optimistic, influenced by institutional inflows into BTC ETFs and regulatory advancements, but near-term consolidation is expected.

Bitcoin rose marginally to $112,991.84 USD on Tuesday after dropping 2.58% over the last one week. Meanwhile, Ethereum slid 7.36% in the same time period. According to analysts, BTC traced current levels after failing to hold highs of US$114K–$118K.

“Right now, bitcoin is moving within a rising channel with resistance near US$117,000 and a key support level around US$114,600. If that support breaks, we could see Bitcoin retest the US$111,000 zone or even lower. On the flip side, a clean breakout above US$117K might open the door for a run toward the previous highs near US$124,000,” according to CoinSwitch Markets Desk.

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Crypto TrackerTOP COINS (₹) XRP255 (2.76%)Ethereum373,451 (0.7%)Bitcoin10,028,457 (0.6%)Solana19,433 (-1.02%)BNB88,705 (-1.93%)He further added that Ethereum took a heavier hit, dropping nearly 9% before stabilizing a bit in the US$4,000–$4,200 band. The sharper decline makes ETH’s chart look more vulnerable to downside in the near term, with those same levels acting as key supports.

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View Details »“On the policy front, the U.S. and UK launched a ‘Transatlantic Taskforce for Markets of the Future’; essentially a joint push to align crypto and capital markets regulation. It is a step toward longer-term clarity, which the market has been craving. The near-term is tilted toward consolidation or mild downside, given the liquidation pressure and technical resistance. But the strong institutional inflows into BTC ETFs and regulatory advancement on both sides of the Atlantic offer potential tailwinds,” the CoinSwitch Markets Desk further said.

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At 11:25 AM IST, Bitcoin was trading at $112,753 against $114,544 on Monday. BTC has dropped 1.43% over the past 24 hours and nearly 2.74% over the past week. Ethereum, meanwhile, was at $4,188, falling 2.27% in the past 24 hours and down by 7.58% over the last seven days.

According to another expert, Bitcoin recently faced a sharp rejection after sweeping liquidity above $117K, triggering a swift decline below the 100-day moving average near $113K.

“This selloff has pressured BTC into a crucial support zone between $108K–$110K, aligning with a key trendline and prior swing low. On the 4-hour chart, a broken ascending trendline confirms weakening momentum. Bulls must defend $110K to prevent further losses. A rebound could push BTC back toward $117K, but failure to hold this level risks a drop toward the $107K liquidity pool. The coming sessions are pivotal in determining whether Bitcoin’s broader uptrend remains intact or falters,” said Sathvik Vishwanath, Co-Founder & CEO, Unocoin.

According to data, the crypto sector’s overall market capitalisation stood at around $3.88 trillion on Tuesday.

Experts view

Parth Srivastava, Head of Quant, 9Point Capital’s Research Team

Bitcoin looks set to cool its heels in a tight range, consolidating after its sharp run. The market appears comfortable digesting recent gains, with traders eyeing the $120k zone as a ceiling and $110k as a floor. Consolidation here strengthens the base, setting the stage for the next big breakout as liquidity builds beneath the surface.

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Edul Patel, CEO of Mudrex

Bitcoin is showing resilience at the $112,200 level after the crypto market saw a pullback triggered by liquidations. Despite the short-term weakness, companies like Strategy and Metaplanet have accumulated over 6000 BTC, supporting BTC’s price at the lower levels. Additionally, crypto investment products recorded approximately $1.9 billion in inflows since the Fed rate cut, showing the growing institutional confidence. The focus today would remain on Jerome Powell’s speech discussing the economic outlook. A dovish outlook could trigger a relief rally towards $118,000. On the downside, BTC could test the support at $110,000

Vikram Subburaj, CEO, Giottus.com

Bitcoin opened the week on shaky ground and slid to ~$112,000, and this triggered one of the year’s largest long‐liquidation waves (>$1.5B). The flush cleared roughly $2B in open interest, and this is evidence of how top-heavy positioning had become. Bulls view the $112K retest as a clean higher low, while bears point to a rising wedge break that could extend toward the $ 110 K liquidity block. The divergence with gold and U.S. equities at record highs only underlines crypto’s leverage-driven weak spot.

US Fed Chair Powell’s remarks and the PCE print later today will test how dovish the path really is after the cut. Markets still price two more cuts this year, but a split Fed and sticky inflation keep the debate alive. In the near term, it appears that headline risk will determine whether BTC stabilizes above $112k or probes $110k.
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