Search results for SOPR
Crypto
Bitcoin uptrend analysis flags $84,000 and ETF average buying price as caution levels
Bitcoin has rebounded to around $78,000, prompting analysis that it has entered an uptrend. The outlook also cautions that gains could be constrained by a large supply zone near $84,000. On-chain indicators such as SOPR and NUPL have turned higher, with an analyst saying the downtrend has ended and a rally has begun. Resistance is seen at $78,000, then $83,100, the average buying price for U.S. spot bitcoin ETFs.
Crypto
Bitcoin rebound tests $81,000 resistance level
Bitcoin keeps rebounding despite rising tensions between the United States and Iran, with the market focused on $81,000 as a key near-term resistance level. Analysts are watching the 21-week simple moving average around $78,400 and debating whether prices will remain range-bound below $80,000 or push higher. The $81,000 level overlaps with spot bitcoin ETF investors\' average cost. Recent ETF inflows have been strong, but external risks remain.
Crypto
Three reasons Ethereum may not fall below $1,800
Ethereum has rebounded after absorbing selling pressure around $1,800, prompting views that the area could mark a medium- to long-term floor. Market attention is on on-chain and technical signals that are simultaneously pointing to a bottom. Indicators cited include SOPR, which is below 1 and interpreted as capitulation selling; the MVRV Z-score, which has entered a historically undervalued zone; and repeated technical support around $1,800, where investors bought more than 1.35 million ETH.
