As the crypto market navigates global economic uncertainty, identifying critical support and resistance levels for major assets like Bitcoin (BTC) and Ethereum (ETH) is crucial for both short-term traders and long-term investors.
🔍 Current Market Overview
As of mid-April 2025, Bitcoin is trading around $85,000, while Ethereum is struggling below the $1,650 mark. The market has seen downward pressure following the U.S. government's proposed tariffs on Chinese tech goods, including smartphones, semiconductors, and laptops.
Although former President Donald Trump announced a temporary exemption for some electronics from the new 10% tax, a separate 20% tariff remains in place over national security concerns. This uncertainty has made investors more cautious, triggering volatility across both crypto and traditional markets.
📉 Key Support and Resistance Levels
Bitcoin (BTC)
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Strong support zone: ~$68,300
Over 760,000 wallets hold 520,000 BTC around this level. If this support fails, BTC may drop to the $65,250–$63,150 range. -
Critical resistance: $70,320
If Bitcoin flips this level into support, it could mark the beginning of a new bullish leg.
Ethereum (ETH)
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Major support level: $1,200
A breach of this level could trigger a deeper correction, as it has historically served as a strong demand zone. -
Key resistance: $1,600
A sustained break above this price with strong volume would signal renewed bullish momentum.
🔮 Market Outlook
While U.S. stock markets showed signs of recovery after the tariff clarification, crypto prices have yet to bounce back meaningfully. Analysts warn that failure to hold key support levels could lead to further correction. On the other hand, a decisive break above resistance zones could push BTC to $91,000 and ETH to $1,800 in the near term.
✅ Conclusion
Monitoring important technical levels is essential in the current climate. Combining technical analysis with macroeconomic trends will help investors make more informed decisions in this volatile environment.