Market Analysis: Bitcoin (BTC) and Ethereum (ETH) Trends

Author: Elior Manier

Date: February 24, 2026

Current Market Overview

The cryptocurrency market has faced significant challenges over the past four months, with a notable decline in risk appetite following a strong performance in mid-2025. Bitcoin reached a peak of over $100,000, while Ethereum surged from $2,100 to $4,950. However, the current sentiment is bearish, with digital assets losing over 50% of their valuation.

Historical Context

Historically, cryptocurrencies have experienced severe corrections ranging from 50% to 75%, as seen in previous market crashes in 2013, 2018, and 2021. Despite these downturns, Bitcoin has shown resilience, being up 300% since its low in Summer 2022, compared to a 130% increase in the Nasdaq during the same period.

Market Sentiment and Predictions

The current atmosphere in the cryptocurrency space remains pessimistic, with broader market turmoil affecting stock markets and tech sectors. The article suggests that while further corrections may occur, investors can still find opportunities by strategically placing small, progressive trades at key support levels.

Technical Analysis

Bitcoin (BTC)

Bitcoin is currently within a bearish downward channel. Two potential scenarios are emerging:

• A rebound at the $60,000 to $63,000 support level could lead to a double bottom, providing bullish momentum.
• A continued decline could see Bitcoin testing lower support levels around $55,000.

Key Support Levels: $60,000-$63,000, $59,935, $52,000-$58,000, $40,000

Key Resistance Levels: $70,000, $75,000, $80,000-$83,000, $90,000-$95,000, $124,000-$126,000

Ethereum (ETH)

Ethereum is also showing signs of consolidation at its recent support levels. The following scenarios are possible:

• A rebound at the $1,700 to $1,800 support could lead to a double bottom.
• A drop below this support could push Ethereum towards its 2025 lows around $1,500.

Key Support Levels: $1,700-$1,800, $1,744, $1,380-$1,500

Key Resistance Levels: $2,100-$2,300, $2,500-$2,700, $3,000-$3,200, $4,950

Conclusion

Investors are encouraged to develop a clear investment strategy, spreading their entries and avoiding panic. The market's volatility presents both risks and opportunities, and a well-thought-out approach can lead to favorable outcomes when the bearish trend subsides.