Weekly Analysis of $BTC , $ETH - GNCrypto Analytics

The cryptocurrency market has not fully recovered from last week's decline. Bitcoin continues its local downtrend, having tested the significant resistance zone between $60,000 and $63,500 but failing to maintain a foothold above this level and subsequently falling back below $60,000. This range is critical for further growth; if buyers cannot breach it on a second attempt, Bitcoin risks a deeper correction. Currently, support levels are bolstered by buy orders positioned at $56,845 and within the range of $49,100 to $53,000. This latter zone may be retested.

Ethereum mirrors Bitcoin's pattern, though the altcoin is experiencing a somewhat steeper correction. Over the past week, ETH failed to reach its resistance zone of $3,100 to $3,400 and unsuccessfully tested the selling range of $2,700 to $2,850 twice. If the correction continues, it would be logical to see a new low below the $2,100–$2,380 zone, potentially reaching down to the psychological level of $2,000.