Technical Analysis

Ethereum recently climbed above $2,000 and briefly touched the $2,089 area before reversing lower. The price is now below $1,950 and the 100-hour Simple Moving Average, with key support seen between $1,960 and $1,932 and major resistance around $2,050 to $2,080. If ETH stays under $2,050, analysts warn it could revisit $1,895 or even the $1,850–$1,820 region.

Bitcoin recently climbed from a base above $66,500 and briefly pushed past $68,800 before sellers capped the move around $70,100. The price is now trading above $68,000 and the 100 hourly simple moving average, with a contracting triangle resistance near $68,400 suggesting a possible attempt to reclaim $69,550 and $70,000. If BTC drops below $67,400 and $66,550, it could revisit supports at $65,000 and $63,000.

Bitcoin is trading with elevated volatility around the $66,000–$66,800 zone as geopolitical tensions weigh on global risk sentiment. On-chain data indicates roughly 13,500 BTC have flowed out of Binance since February 21, pointing to possible large-holder accumulation while price remains capped below $69,000. Exchange-wide outflows have stayed negative for several days, even as BTC consolidates between resistance at $68,000–$69,000 and support in the $63,000–$64,000 range.

Large Ethereum holders recently withdrew over $12.5 million in ETH from exchanges and redeployed it into DeFi and leveraged positions, while price trades within a descending channel. Key resistance sits around $2,261, with derivatives open interest and top trader long exposure expanding and potentially amplifying volatility. If buyers can push ETH above this level with strength, leveraged longs and short liquidations could drive a sharper move.

The crypto market is under pressure as Shiba Inu continues to breach short-term support patterns and XRP attempts a fragile recovery toward the $1.60 region. Bitcoin has rebounded from around $63,000 and is consolidating below $70,000, with a breakout still technically possible if buying momentum and volume strengthen. Overall trends for these assets remain cautious, with key moving averages acting as resistance and limiting the scope of any rebound for now.

As conflict spreads across the Middle East and oil prices rise, Bitcoin is still trading above $66,000 while Asian equities come under pressure. On February 28, 2026, the price briefly fell to around $63,000 before recovering, and on-chain data shows limited selling from short-term holders even as the macro backdrop worsens.

Bitcoin is consolidating near $68,000 as open-interest-weighted funding rates edge back into slightly negative territory, indicating a more cautious stance in derivatives markets. BTC recently traded around $68,290 after touching highs above $69,000 and lows near $66,138, while the daily RSI has recovered from February’s oversold readings but remains below the neutral 50 level.

In a March 2 thesis, Joe Burnett, VP of Bitcoin Strategy at Strive (Nasdaq: ASST), argues that bitcoin could climb to $11 million by the first quarter of 2036 as artificial intelligence drives structural deflation while policymakers keep expanding liquidity. He projects a bitcoin network value of about $230 trillion by 2036, or roughly 12% of an estimated $1.97 quadrillion global financial asset base, with scarcity, monetary debasement and AI-led productivity gains channeling capital into BTC as a long-duration savings asset.

Solana has been trading in a $70 to $90 band for more than four weeks, with buyers defending support near $70 and sellers capping price around $90. Analysts suggest that a daily close above the $90–$93 resistance area could open the way toward $105–$120, while a loss of support around $80 risks a return to the range lows. On a longer horizon, some chartists point to an ascending channel with major resistance near $240 and ambitious cycle projections toward the mid-upper channel region if broader market liquidity and adoption remain strong.

The S&P 500's 2026 rally is under pressure as futures fell about 2% in early Tuesday trading while Brent crude briefly pushed toward 83 USD and tensions around the Strait of Hormuz intensified. The index had already slipped 0.5% to 6,860.71 on Monday as oil prices jumped more than 6% and volatility surged, forcing investors to reassess inflation, Federal Reserve expectations and sector positioning.