Daily Crypto Signals: Bitcoin Consolidates Near $105K, Ethereum Tests Critical $2,800 Resistance

Quick overview

Bitcoin maintains its position around $105,000 amid strong institutional demand signals, while Ethereum prepares for a potential breakout at the crucial $2,800 resistance level. Meanwhile, regulatory clarity emerges as the US Congress introduces bipartisan digital asset legislation and major exchanges secure European approvals.

Crypto Market Developments

As regulatory frameworks take shape and significant digital assets prepare for their next movements, the bitcoin market is undergoing a turning point. A bipartisan measure meant to address long-standing jurisdictional issues between the SEC and CFTC regarding crypto supervision, the US Congress has proposed the thorough “Digital Asset Market Clarity Act of 2025,” Emphasizing consumer protection and innovation, Representative French Hill presented the proposal along with backing from three Democratic co-sponsors.

In Europe, where Bybit has obtained a MiCA license from Austria’s Financial Market Authority, the regulatory scene is also changing and activities throughout all 29 European Economic Area member states are becoming possible. Establishing its European headquarters in Vienna, the exchange positions itself to service around 500 million Europeans under the standardized MiCA structure.

Former Chair of the CFTC Rostin Behnam cautioned that the crypto market will remain open to fraud and manipulation without more power for the CFTC to control cash markets in digital assets. His remarks highlight the urgency of the current legislative initiatives aiming at establishing precise legal limits.

Bitcoin Dips to $105,000

Bitcoin BTC/USD keeps proving amazing resiliency, trading about $105,247 and keeping significant institutional support. For 20 straight days—the longest in 2025—the Coinbase Premium Index has maintained a positive trend suggesting steady buying activity from US-based institutional and individual investors.

Technical study shows Bitcoin trading in a declining triangle pattern; analysts are aiming at $118,000 as the next main resistance mark. While support is solid in the $106,000 to $104,000 zone, a bullish divergence between price and the RSI signals declining bearish momentum.

Many on-chain indications confirm Bitcoin’s optimistic view. With wallets containing 1,000–10,000 BTC rising drastically since May 6, whale accumulation has sped up. Reflecting ongoing institutional confidence, spot Bitcoin ETFs have also shown 10 straight days of inflows totaling $4.2 billion.

Reaching 1, the Bitcoin Accumulation Trend Score indicates strong accumulation by significant players. Representing a 54% rise over the past 50 days, open interest in Bitcoin futures has grown to almost-record levels at $78.4 billion. This elevated open interest, together with liquidation clusters between $111,000 and $115,000, shows probable upward momentum into the $120,000 level identified by analysts as a crucial zone of interest.

Currently testing the crucial $2,800 barrier level that has caps upward momentum since February, Ethereum (ETH) is rising as a market leader. ETH has recovered important weekly moving averages including the 100-week SMA at $2,606 and the 34-week EMA at $2,511 from trading around $2,728; these now form dynamic support levels.

On weekly charts, the cryptocurrency has showed especially strength; it marks its first consistent movement over significant moving average clusters since late 2023. Breaking the $2,850 resistance, analyst Ted Pillows notes, could set off a quick shift toward $4,000, a major breakout that would change the dynamics of the market.

Ethereum Ready to Test $2,800 Resistance

Ethereum’s ETH/USD spot premium is constant, suggesting significant underlying demand even though the ETF-driven inflows observed with Bitcoin are absent here. The 50-week SMA at $2,730 comes next as a major obstacle; a confirmed weekly closing above this level could allow the $3,200-$3,600 zone.

On recent advances, volume has climbed to indicate strong buyer involvement. Should bulls effectively turn the $2,800 barrier into support, this might signal the start of a more general altcoin boom and maybe set off the eagerly awaited “altseason.”

Solana Token Unlocks to Pressure Price?

Solana SOL/USD suffers headwinds despite solid network fundamentals; SOL dropped 10% from its $185 top to current levels at $163. The fall comes amid fears over forthcoming token unlocks and waning memecoin demand, however network activity remains healthy.

Solana keeps its second-largest blockchain ranking based on total value locked at $11 billion, up 14% monthly. Over the past thirty days, the network’s distributed exchanges handled $94.8 billion in trade volume, more than Ethereum’s $64.8 billion in on-chain activity. Despite Ethereum’s bigger deposit base, this higher volume amounted to $48.7 million in fees when compared to $36.9 million.

Still, various obstacles cloud SOL’s future. With expected unlocking of 3.55 million SOL tokens between June and August valued at about $600 million, there is possible selling pressure. Many of these tokens came from the bankrupt FTX/Alameda estate at about $64, so restricting potential upside.

The network still suffers with maximum extractable value (MEV) problems whereby validators may reshuffle transactions for profit, resulting in sandwich attacks and front-running that damages regular traders. Solana-based memecoins have also seen notable drops; Official Trump (Trump) down 24%; FARTCOin and POPCAT lost 20%; Pudgy Penguins (PENGU) dropped 17% over the past week.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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