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Quick bridge from last week…

In the previous analysis, we maintained a neutral stance across most majors, with Hyperliquid leaning neutral-bearish, and expected continued range-bound movement as long as key supports held. Since then, that has largely played out, with all majors holding their respective support regions and maintaining the broader structure.

Ethereum has now pushed back toward resistance and fully completed its 3-day upside liquidity target, which was previously missed by a narrow margin, while Bitcoin’s 3-day upside liquidity at $71,500 still remains open. Overall, the structure remains unchanged, with markets continuing to stay range-bound and choppy, and focus now shifting to reactions at key resistance levels.

Disclaimer: This content is for informational and educational purposes only. It does not constitute financial advice, and should not be relied upon as a basis for making investment decisions. Virtual assets are volatile and may lose their value in full. Past performance does not indicate future results. Always do your own research.

TLDR

• Risk Posture: Defensive
• Bitcoin: BTC has moved from range lows to highs and is now approaching $70,500 resistance. The stance remains neutral, with $71,500 liquidity still open on the upside, while a breakdown below $65,650 opens $62,800-$57,300.
• Ethereum: ETH has pushed above $2,116 and completed its $2,170 liquidity. The stance remains neutral, with a 3-day close above $2,170 needed for a shift higher ($2,400), while failure here keeps it range-bound toward $1,957.
• Solana: SOL has reclaimed $80.89 and is now testing the long-term downtrend. The stance remains neutral, with a breakout opening $89-$100, while rejection brings $78 back into focus.
• Hyperliquid: HYPE continues to hold $35.37 after completing its downside move. The stance remains neutral-bearish, with $33 as the next downside unless $39.97 is reclaimed.
• Aura: AURA continues to remain range-bound with direction dependent on strength returning in Solana.

Bitcoin

TA

Since the previous analysis, Bitcoin has continued to hold the $65,650 support and price has now rotated from the range lows back toward the range highs, with Bitcoin currently trading just below the $70,500 resistance.

This keeps the overall structure unchanged. As long as $65,650 holds and $70,500 continues to cap price, the expectation remains for continued choppy, range-bound movement.

The 3-day upside liquidity still remains open at $71,500, which we had highlighted previously. A move into this region is likely if price continues to hold strength, with further upside toward $73,800 possible. However, this would still be within the broader range.

On the downside, a break below $65,650 would invalidate the current structure and open the move toward $62,800, followed by $57,300.

The 200 EMA continues to trend downward near $84,100, reflecting broader weakness, while RSI has recovered to around 53, showing some stabilization in momentum but no strong directional bias.

Key Levels:

• Support: $65,650
• Resistance: $70,500
• Direction: Neutral
• Upside Target: $71,500 & $73,800
• Downside Target: $62,800 & $57,300

Bitcoin Chart:

Cryptonary’s Take:

Bitcoin has moved from the lower end of the range back toward resistance, but the structure itself remains unchanged. This continues to be a clean range, with price respecting both sides.

The focus now is on the $70,500-$71,500 region. A move into this area is likely, but the reaction from there will be key. A strong rejection keeps the range intact, while acceptance above would be the first sign of a shift. For now, the stance remains neutral, with expectations of continued choppy price action until a clear break on either side.

Ethereum

TA

Ethereum has held the mid-range well, and has now pushed above the $2,116 resistance, which was acting as the range high. This shows some short-term strength, but the broader structure still remains within the range.

Importantly, Ethereum has now fully tapped the $2,170 upside liquidity. In the previous attempt, the price came close but missed it slightly, but this time the target has been completed fully. With that, the immediate upside liquidity has now been taken.

The key focus now shifts to how price reacts at the $2,170 level. This is the main level that defines the next move. A 3-day close above $2,170 would be significant and would force a reassessment of the current neutral stance, potentially shifting toward a more constructive, neutral-bullish view and targeting the upside target at $2,400..

However, unless we get that confirmation, the structure remains range-bound. If price fails to hold above this region or shows weakness, a rotation back toward the range lows around $1,957 remains on the table.

The 200 EMA continues to trend downward near $2,700, reflecting broader weakness, while RSI has recovered to around 55, showing improved momentum but still not enough for a confirmed structural shift.

Key Levels:

• Support: $1,957
• Resistance: $2,170
• Direction: Neutral
• Upside Target: $2,400
• Downside Target: $1,820

Ethereum Chart:

Cryptonary’s Take:

Ethereum has shown strength by pushing through $2,116 and completing the move into $2,170, but this is now the key decision zone. The upside liquidity has been taken, and what follows from here becomes more important than the move itself.

At the same time, the ETH/BTC chart continues to show relative strength. The 0.03 support region we were tracking has held, and price is now pushing back into the short-term downtrend trendline in place since August 2025. A strong daily close above 0.0315 would confirm a breakout from this structure and open the move toward 0.034, indicating potential outperformance from Ethereum against Bitcoin (about 10% upside in the index).

A clean acceptance above $2,170, along with a breakout on ETH/BTC, would strengthen the case for further upside. Until that happens, this still looks like a move within a broader range, and the stance remains neutral with focus on how price behaves at these key levels.

Solana

TA

Solana has held the lower support band at $78 and has now reclaimed the $80.89 level. This removes the short-term weakness we were previously seeing and brings price back into a more stable range structure.

At the same time, Solana is now once again testing the long-term downtrend trendline, which has been in place since September 2025. Price is currently compressing into this trendline, making this a key area for the next move.

If we see a clean break above this trendline, it opens the move toward the range highs at $89, which also acts as key resistance. A further break above that would open upside toward $100 in the short to medium term.

However, this remains a critical region. A strong rejection from the trendline would keep the structure intact and could push price back toward the lower end of the range. A loss of $80.89 followed by a breakdown below $78 would confirm weakness and open downside toward $70 and $67.3.

The 200 EMA continues to trend downward near $122, reflecting broader weakness, while RSI is around 44, still relatively weaker compared to other majors and showing no strong momentum shift yet.

Key Levels:

• Support: $80.89 & $78
• Resistance: $89 & $93.1
• Direction: Neutral
• Upside Target: $100
• Downside Target: $70 & $67.3

Solana Chart:

Cryptonary’s Take:

Solana has regained short-term structure by reclaiming $80.89, but is now moving into a key decision zone at the long-term downtrend. This is where the next directional move is likely to be defined.

A breakout from this trendline would shift momentum and allow for a move toward the range highs, but rejection here would keep the market within the broader range and reintroduce downside risk. For now, the stance remains neutral and all focus on how Solana reacts to this trendline.

Hyperliquid

TA

Hyperliquid, after completing its initial downside move, continues to hold the $35.37 support region. Price has reacted from the range lows and is retracing back toward the range mid.

Despite this reaction, the broader structure remains weak. The current move higher still looks corrective, with no clear shift in structure yet, keeping the stance unchanged.

The key levels remain clearly defined. $35.37 continues to act as support, while $39.97 is the immediate resistance. As long as price remains below this level, the structure continues to favor either consolidation or a move lower.

A break below $35.37 would open downside toward $33, which aligns closely with the 200 EMA, making it a key area to watch. On the upside, only a reclaim and hold above $39.97 would shift structure, with $43.29 as the next upside target.

The 200 EMA continues to hover near $33.6, just above the downside target, reinforcing this region as an important zone. RSI is around 52, sitting in the neutral range and showing no strong momentum shift.

Key Levels:

• Support: $35.37
• Resistance: $39.97
• Direction: Neutral-Bearish
• Upside Target: $43.29
• Downside Target: $33

Hyperliquid Chart:

Cryptonary’s Take:

Hyperliquid has held support after the initial downside move, but the recovery so far remains corrective in nature.

As long as $39.97 remains unclaimed, the bias continues to lean toward the downside, with $33 as the next key level in focus. This is a high-confluence region and will be important if price moves lower. For now, the stance remains neutral-bearish.

Aura

TA

Aura continues to trade within the same range, with no structural developments so far. Price action remains flat and the range continues to hold, and until we see a breakout, the expectation remains for continued sideways movement.

Direction here remains highly dependent on Solana. As a higher beta extension of SOL, any meaningful move in Aura will likely come if/when Solana shows strength and breaks out of its current structure.

The 200 EMA continues to trend downward near 0.037, while RSI remains weak around 35, reflecting the lack of momentum and continued soft conditions.

Aura Chart:

Cryptonary’s Take:

Aura remains in a low-momentum, range-bound structure still. The asset continues to depend heavily on Solana, and until we see strength return in SOL, Aura is likely to stay sideways.

Closing Thoughts

The market structure remains largely unchanged, with continued range-bound and choppy conditions. Majors have now pushed into key resistance zones, with Bitcoin and Ethereum trading near their respective resistance levels, while Solana is testing the long-term downtrend trendline. These are critical areas that will likely define the next move.

Bitcoin’s upside liquidity at $71,500 still remains open, while for Ethereum, a 3-day close above the $2,170 region would be required to reassess the current stance and open higher targets. Until that confirmation comes in, the setup remains incomplete. At the same time, Solana and Hyperliquid continue to hold their support regions, with Solana sitting at a key pivot zone.

For now, the market continues to remain range-bound, and the focus shifts to how price reacts at these resistance levels. Any confirmation of strength or acceptance above these regions would lead to a reassessment of stance, while failure would keep the range intact.