{"id":61671,"date":"2025-04-14T10:00:38","date_gmt":"2025-04-14T09:00:38","guid":{"rendered":"https:\/\/www.etfworld.com\/co.uk\/?p=61671"},"modified":"2025-04-14T10:54:48","modified_gmt":"2025-04-14T09:54:48","slug":"bitget-bitcoin-recovers-ethereum-lags","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/bitget-bitcoin-recovers-ethereum-lags\/","title":{"rendered":"Bitget : Bitcoin recovers, Ethereum lags"},"content":{"rendered":"
Bitget<\/strong> : Bitcoin recovers, Ethereum lags amid shifting macroeconomic tailwinds<\/strong><\/h5>\n
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Ryan Lee, chief analyst of Bitget Research<\/strong><\/p>\n

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Bitcoin (BTC)<\/strong> has recovered in the short term and is hovering between $82,000 and $90,000 as improved macroeconomic sentiment boosts investor confidence.<\/div>\n
The US decision to exempt key technology products from the reciprocal tariffs has eased inflation fears and triggered a risk-on rally in equities and cryptocurrencies.<\/div>\n
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BTC’s breakout above its three-month downtrend at $84,900 marks a notable technical change, with institutional capital inflows further strengthening the outlook. The returns to the exchanges and the continued accumulation of exchange-traded funds indicate that buyers are returning to the market in large numbers, supporting a possible move towards $85,000-90,000. However, with $85,000 acting as short-term resistance, profit-taking could trigger a brief pullback, with $82,000 likely to serve as the lower limit of support. Momentum indicators, including a forming MACD crossovers and an RSI around 58, remain positive but caution near key technical levels.<\/div>\n
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Ethereum (ETH)<\/strong> is also benefiting from the generally more risk-tolerant environment, recovering by 6 per cent to $1,650. While ETH’s recovery could extend towards $1,800 or even reach $2,000, the asset’s relative underperformance of 65 per cent from December highs compared to BTC’s 23 per cent decline highlights its ongoing structural weakness.<\/div>\n
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Despite last week’s ETF outflows totalling $80 million, ETH continues to trade in a range with resistance around $1,680 and support at $1,500. The RSI, which is close to 50, and a return to the Keltner channel of $1,499 to $1,800 signal some technical stabilisation. However, low trading volumes and a subdued ETH\/BTC ratio around 0.019 reflect the caution of market participants. Overall, ETH could continue to follow BTC’s lead, but upside potential remains limited unless new catalysts emerge to reaffirm the narrative.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

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