Cryptocurrency markets remained under pressure on Tuesday, with major digital assets trading lower even as geopolitical tensions in the Middle East showed signs of easing.
Bitcoin (BTC) hovered around $63,000, while Ethereum (ETH) traded above $1,650 and XRP remained near $1.14. Investor sentiment stayed cautious despite reports that Israel and Iran had paused military operations following weeks of heightened conflict.
Israel-Iran Tensions Ease, But Market Anxiety Remains
Israel and Iran announced on Monday that they had suspended attacks after a recent escalation threatened the fragile ceasefire agreement reached between the United States and Tehran earlier this year. However, Iranian military officials warned that any renewed Israeli military action, particularly in southern Lebanon, could provoke a stronger response.
Meanwhile, US President Donald Trump indicated that a fresh proposal regarding the Iran agreement could be unveiled within days, according to Reuters. Israeli Prime Minister Benjamin Netanyahu also stated that operations against Iran and Hezbollah continue, although he noted that both groups have suffered significant setbacks.
Despite the apparent reduction in geopolitical risk, financial markets remain cautious. The Crypto Fear & Greed Index improved slightly to 10 from 8 but continues to sit firmly in the “Extreme Fear” zone, highlighting ongoing investor uncertainty.
Analysts suggest that a stronger return of risk appetite will be necessary for cryptocurrencies to regain momentum, with Bitcoin targeting a recovery above $70,000, Ethereum aiming for $2,000, and XRP seeking a return beyond the $2 mark.
Bitcoin Remains Under Bearish Pressure
Bitcoin was trading near $62,945, extending losses after breaking below a key upward trendline that now acts as resistance around $71,830. The cryptocurrency remains well beneath its 50-day, 100-day and 200-day exponential moving averages (EMAs), reinforcing the prevailing bearish trend.
Technical indicators continue to signal weakness. The Relative Strength Index (RSI) sits near 26, while the Money Flow Index (MFI) remains around 19, both reflecting oversold conditions. The MACD indicator also remains in negative territory, indicating that selling pressure continues to dominate despite the possibility of short-term rebounds.
If buyers regain control, Bitcoin’s first major hurdle lies near $71,830, followed by resistance levels around $72,500, $74,500 and $79,500.
Ethereum Faces Resistance as Weak Momentum Persists
Ethereum traded at approximately $1,676, maintaining a bearish outlook as the asset remains below key moving averages positioned between $2,058 and $2,430.
Market momentum remains subdued, with the RSI hovering near 27 and the MACD continuing to signal downside pressure. While oversold conditions could support temporary recoveries, technical indicators suggest sellers remain firmly in control.
On the upside, Ethereum faces significant resistance around $2,058, followed by $2,189 and $2,430. On the downside, traders are closely monitoring the psychological support zones at $1,600 and $1,500.
XRP Struggles Below Key Technical Levels
XRP was trading near $1.16, continuing to face downside pressure as it remains below all major moving averages. The 50-day EMA at $1.32, 100-day EMA at $1.41 and 200-day EMA at $1.62 collectively form a strong resistance zone.
The RSI sits around 34, slightly above oversold territory, while the MACD remains negative. Although selling momentum appears to be slowing, technical signals continue to favor bears.
Should weakness persist, traders may look toward support levels near $1.05 and $1.00. Until XRP breaks above its key moving averages, any recovery attempts are likely to encounter selling pressure.
Overall, the cryptocurrency market remains cautious, with investors balancing easing geopolitical concerns against persistent technical weakness and low risk appetite.
