Lower near-term tightening expectations support Bitcoin and Ethereum, but high yields, energy costs and a strong dollar keep broader market participation selective, said Nischal Shetty, Founder, WazirX.
According to him, immediate support for Bitcoin prices lies around $83,200-$83,300, while $83,600-$84,100 forms resistance. Holding support could preserve buyer control; losing it may expose $82,400-$82,700. Futures traders should monitor volume, open interest, and funding for directional confirmation.
For Ethereum, immediate support lies at $2,505, followed by $2,480. Resistance sits near $2,575 and the psychological $2,600 level. Holding support may preserve stability, while sustained activity above resistance could further strengthen momentum, Shetty said.
