【Market View on July 18, 2025 $BTC $ETH 】
Despite the weekend approaching, Bitcoin has been fluctuating in a high range for the fourth day, with all the main focus on Ethereum. Over the past year, Ethereum has faced intense criticism, even being described as inferior to Solana, which is expected to replace it. In an effort to redeem itself, Ethereum defended its position in just 10 days, rising from 2500 to today’s peak of 3670, an increase of nearly 1200 points. The logic behind this surge is quite simple; it is driven by Wall Street and institutional momentum, similar to Bitcoin. Although Ethereum is still slow and on-chain interactions are declining, I believe that in the long term, as this supercomputer and on-chain finance and applications become more widespread, its value will rise in a stair-step manner. Recent news and on-chain data show that institutions are increasing their holdings, and whales are staking. Although it is currently facing resistance and consolidating, it won’t take long before it breaks through the next resistance level. Today we can also see a full recovery in altcoins. Once Ethereum reaches a new high, such as 4000, the main players will take turns driving the sector upwards. In short, the overall trend is very optimistic, and it can be confirmed that the bull market will rise again in the second half of the year.
From a technical perspective: Bitcoin’s daily chart shows the previous candle closing as a doji. The daily opening continues to fluctuate around the 7-day moving average. The Bollinger Bands are in an opening state with short-term moving averages trending upwards. The MACD fast and slow lines are extending upwards, with volume decreasing and KDJ crossing downwards. The VR indicator is consolidating around a value of 260. On the 4-hour chart, the market is testing the upper band and retracing, fluctuating in the mid to upper band range. The Bollinger Bands are narrowing and leveling out, with short-term moving averages hovering around the middle band. Overall, the market continues to maintain a slow upward fluctuation. In the short term, we still expect fluctuations and anticipate that Bitcoin’s stagnation will last until Ethereum's catch-up ends before any new significant movements.
Bitcoin 4h support: 118100 Resistance: 120158
Ethereum 4h support: 3564 Resistance: 3720
Today's Fear Index: 72 (Greed) 4-hour long/short ratio: 49.8% / 50.2%
Today's Hot News:
🪅 U.S. SEC Chairman: Stablecoins fall under the jurisdiction of bank regulators
🪅 Arkham: Currently, BlackRock's ETF allocation for ETH is over 5 times that of BTC
🪅 BlackRock's Ethereum ETF has seen an influx of $560 million
🪅 The probability of the Federal Reserve keeping interest rates unchanged in July is 97.4%
