Technical Analysis By Vee

The crypto market saw another significant decline. The market fell by 1.08%, primarily due to the US airstrike on Iran's nuclear sites.
Former US President Donald Trump confirmed on a platform called Truth Social that the US Air Force has attacked three significant nuclear sites in Iran – Fordow, Natanz, and Isfahan. He stated, 'We have successfully attacked all three nuclear sites in Iran. All aircraft have returned safely.'

The global cryptocurrency market faced a sharp downturn following a major geopolitical event—U.S. airstrikes on Iran's nuclear facilities. In a bold and controversial move, former U.S. President Donald Trump confirmed via Truth Social that American forces had successfully targeted three Iranian nuclear sites—Fordow, Natanz, and Isfahan—intensifying fears of a wider Middle East conflict.
This aggressive military action sparked immediate panic across global markets, with the crypto sector reacting most severely. As tensions escalated between Iran, Israel, and the U.S., investors rushed to reduce exposure to high-risk assets, triggering a rapid sell-off in the digital asset space.
How Markets Reacted
According to CoinGecko, the total cryptocurrency market capitalization shrank by 1.08% in just 24 hours, bringing it down to $3.23 trillion. The sudden move erased gains made earlier in the week and crushed the short-term bullish sentiment that had briefly taken hold.
Key cryptocurrencies experienced significant losses:
Bitcoin ($BTC ) dropped below the $101,200 markEthereum ($ETH ) declined to $2,240Ripple ($XRP ) fell by 3.1%, landing at $2.03Solana ($SOL) plummeted to $132
The abrupt decline reflected the high sensitivity of crypto markets to geopolitical shocks. Many investors feared further escalation, especially as the U.S. openly joined Israel’s bombing campaign on Iranian territories. For days, traders had speculated on Washington’s involvement. These fears materialized into sharp risk-off moves once the military intervention was confirmed.
Altcoins That Defied the Downtrend
Interestingly, not all digital assets participated in the market-wide drop. Some lesser-known altcoins posted surprising gains. Leading the charge was XEM (NEM) with an explosive 37.9% daily increase. Other tokens like FUN, Aergo, and Flock also witnessed notable upticks, defying the broader bearish trend. Analysts at Phoenix Group attribute these movements to isolated trading volumes and investor rotations into speculative micro-cap assets.
Investor Sentiment and Caution Ahead
With geopolitical tensions reaching a boiling point, crypto investors are now treading cautiously. The Middle East conflict—especially involving nuclear-capable nations—has introduced high levels of uncertainty in global financial systems. Risk-averse behavior is likely to dominate in the near term, as traders await further developments.
For now, market experts suggest watching for:
Diplomatic responses from Iran, China, and RussiaStability in oil and gold pricesPotential sanctions or retaliatory cyberattacks
Summary
The crypto market’s sharp downturn underscores its vulnerability to geopolitical crises. While the fundamentals of blockchain projects remain intact, macroeconomic and political volatility can quickly override market optimism. Traders and investors are advised to remain alert, use proper risk management, and consider diversifying holdings during uncertain times.

Current Price: ~$101,700
Trend: Neutral to mildly bullish
Short-Term Range: $100,000 – $106,000
Major Resistance: $106,000
Major Support: $100,000 and $98,000

Key Technical Insights:
✅ Structure: $BTC is forming higher lows, indicating a slow accumulation phase.
🔼 Bullish Trigger: A breakout above $106K with volume could lead to a move toward $110K–$112K.
🔽 Bearish Risk: A breakdown below $100K might open the path to $98K or lower.

📉 Indicators:
RSI ~55: Neutral to slightly bullish
MACD: Bearish crossover, showing selling pressure
SMA: Short-term SMA trending below long-term = early bearish sign

✅ Conclusion:
$BTC is consolidating between key levels with no strong breakout yet. Traders should watch the $106K resistance closely — a breakout confirms bullish continuation. Until then, range trading between $100K–$106K is most likely.
#analysis

$ETH is currently consolidating near $2,292, trading in a narrow range between $2,280 and $2,445 on the 4-hour chart. The market shows neutral momentum, with indicators like RSI and MACD suggesting indecision.
🔍 Key Points:
Support zone: $2,280–$2,300 — holding for now.
Resistance zone: $2,445–$2,480 — needs breakout for bullish confirmation.
Indicators: RSI near 45, MACD shows weak bearish pressure, Bollinger Bands are tight — signaling a possible upcoming move.
📈 Scenarios:
Bullish: Break above $2,445 could push ETH toward $2,550–$2,600
Bearish: Drop below $2,280 may lead to a decline toward $2,230–$2,200.
✅ Conclusion:
$ETH is in a decision phase on the 4H chart. A breakout above $2,445 can trigger fresh upside, while failure to hold $2,280 may invite further correction. Traders should wait for clear confirmation before entering major positions.

Ethereum (ETH) is currently trading around $2,300–$2,450, showing signs of consolidation after a strong rally in May. The market is now at a crucial decision point, with both bullish and bearish scenarios possible.
🔼 Bullish Outlook
$ETH is forming a bullish wedge and may break out toward $2,700–$3,000.
If $2,580–$2,600 resistance breaks with volume, $ETH could retest $2,750+.
Institutional interest is growing, especially due to ETF flows and whale accumulation.
Mid-term projections (2025) target $4,000–$6,000, possibly higher.
🔽 Bearish Risks
If ETH breaks below $2,457, it could drop toward $2,300 or even $1,865.
Weak macroeconomic conditions or regulatory issues could pressure prices.
📉 Key Levels
Support: $2,384, $2,457
Resistance: $2,580, $2,775, $3,000

✅ Conclusion
$ETH is currently in a tight range. A breakout above $2,600 could trigger strong bullish momentum, while a breakdown below $2,457 may signal further downside. Traders should watch ETF flows, volume spikes, and global macro conditions for confirmation.
#analysis #ethusd