Monat: Juni 2026

Key takeaways

• Bitcoin (BTC), Ethereum (ETH), and XRP are starting the week on a more stable footing after last week’s declines.
• BTC is trading above $64,000 but remains below major moving averages, keeping the broader trend bearish.

Crypto market opens new weekly candle with signs of stability

Bitcoin, Ethereum, and XRP are showing resilience at the start of the week after experiencing notable declines during the previous trading period.

Bitcoin fell nearly 4% last week, while Ethereum and XRP dropped approximately 2% and 6%, respectively. 

Despite the weakness, all three assets have stabilized, with Bitcoin trading above $64,000, Ethereum holding the critical $1,700 support level, and XRP consolidating near $1.13.

For Bitcoin, traders are closely watching technical indicators for clues about whether the recent recovery can develop into a broader rebound.

Bitcoin remains below major resistance levels

Bitcoin is currently trading around $64,000, but the broader technical outlook remains cautious. BTC continues to trade below its key moving averages, 50-day EMA: approximately $69,106, 100-day EMA: approximately $72,123, and 200-day EMA: approximately $77,748.

The fact that Bitcoin remains below all three indicators suggests that sellers still maintain control of the broader trend.

Adding to the bearish outlook, BTC recently broke below a rising trendline that had previously supported the market. That trendline, now acting as resistance near $74,238, reinforces the view that Bitcoin remains in a corrective phase.

Although the overall trend remains weak, some technical indicators suggest that downside momentum may be slowing.

The Relative Strength Index (RSI) has rebounded from deeply oversold levels and is currently hovering in the high-40 range.

This improvement indicates that selling pressure has eased, but the indicator remains around the neutral 50 mark, meaning a clear bullish reversal has not yet been confirmed.

The Moving Average Convergence Divergence (MACD) indicator remains in positive territory, which is generally supportive for prices.

For Bitcoin to regain bullish momentum, buyers must overcome several resistance zones, including $69,106 (50-day EMA), $72,123 (100-day EMA), and $77,748 (200-day EMA).

A move above these levels would significantly improve the technical outlook and potentially signal the end of the current correction.

On the downside, the first major support level remains at $64,005.A decisive break below this area could expose Bitcoin to further losses and extend the existing downtrend.

The post Bitcoin holds above key support as momentum indicators hint at stabilization appeared first on CoinJournal.

Key takeaways

• Ethereum (ETH) has rebounded about 4% over the past week, but overall market sentiment remains weak.
• Hawkish signals from the Federal Reserve have reduced expectations for interest rate cuts and increased pressure on risk assets.

Ethereum recovery faces macro headwinds

Ethereum has posted a modest 4% recovery over the past seven days as the broader cryptocurrency market staged a technical rebound. 

However, the bounce has done little to improve overall sentiment, which remains under pressure from worsening macroeconomic conditions.

Investor confidence took another hit after recent comments from Federal Reserve Chairman Kevin Warsh signaled a tougher stance on inflation. 

His remarks suggested that monetary policy could remain restrictive for longer, fueling concerns that interest rate hikes may still be on the table.

The shift has challenged earlier expectations that the Federal Reserve would begin cutting rates this year, creating a less favorable environment for risk assets such as cryptocurrencies.

Earlier in the year, many analysts expected one or two rate cuts from the Federal Reserve. Those expectations have weakened significantly as inflation continues to run above the central bank’s target.

Warsh’s comments reinforced concerns that policymakers remain focused on controlling inflation, even if tighter monetary conditions weigh on financial markets.

Historically, higher interest rates reduce liquidity and investor appetite for speculative assets, making cryptocurrencies particularly vulnerable during periods of monetary tightening.

Ethereum struggles at key resistance level

Ethereum’s recent recovery stalled near the $1,800 level, an area that previously served as support but has now become a significant resistance zone.

If selling pressure continues and ETH fails to reclaim $1,800, the next major support level sits near the April 2025 low of $1,400.

A move to that level would represent roughly an 18% decline from current prices and further deepen Ethereum’s yearly losses.

Among the largest cryptocurrencies, Ethereum has been one of the weakest performers, even lagging behind competitors such as Solana during the current market cycle.

The Relative Strength Index (RSI) has improved from oversold conditions but remains weak.

Currently hovering around 40, the indicator is approaching levels that could reinforce bearish momentum if selling pressure increases.

From a broader technical perspective, Ethereum’s weekly chart continues to reflect a fragile market structure.

Unless buyers successfully push the price above $1,800, analysts expect the downtrend to remain intact, increasing the likelihood of a retest of lower support zones.

The post Ethereum faces renewed downside risk as Fed concerns weigh on market sentiment appeared first on CoinJournal.

Key takeaways

• ZEC is still struggling under the $477-$500 zone. 
• Although momentum indicators show signs of stabilization, Zcash remains vulnerable to further downside as investors react to persistent macroeconomic uncertainty and rising rate-hike expectations. 

Zcash (ZEC) remains under pressure on Thursday as bearish sentiment continued to dominate the cryptocurrency market. ZEC is facing mounting resistance beneath the $500 mark as investors reduce exposure to risk assets.

Fed’s policy stance causes a negative market reaction

The broader crypto market weakened following remarks from Federal Reserve Chairman Kevin Warsh during his first post-meeting press conference on Wednesday.

Although the Federal Open Market Committee (FOMC) kept interest rates unchanged, in line with expectations, investors reacted negatively to the central bank’s firm commitment to bringing inflation back to its long-term 2% target. The Fed’s emphasis on price stability signaled that policymakers are not yet prepared to pivot toward monetary easing.

Warsh’s comments reinforced expectations that higher interest rates could remain in place for longer. Market participants are even assigning a roughly 30% probability to a future rate hike, reviving concerns about tighter financial conditions and reduced liquidity for risk assets.

Investor confidence weakened further as the Crypto Fear & Greed Index fell to 15 on Thursday from 22 a day earlier, remaining firmly within the “Extreme Fear” zone. The reading highlights growing caution among traders and suggests subdued market participation in the near term.

ZEC price forecast: Zcash faces growing downside risks

Zcash has also remained on the defensive, recording three straight days of losses while trading below its 50-day EMA near $477. 

The continued inability to reclaim this level has reinforced bearish sentiment and increased the likelihood of further downside.

A sustained move lower could encourage additional de-risking among traders, placing the spotlight on key support zones near $434 and $376.

While the MACD histogram remains marginally positive, suggesting some recovery attempts may be forming, the Money Flow Index remains in the mid-40s, indicating relatively weak buying momentum compared with Monero.

The immediate resistance level remains the 50-day EMA at approximately $477. If buyers manage to regain control, attention could shift toward the upper boundary of the descending channel near $549.

On the downside, support is located near the 100-day EMA around $434, followed by the 200-day EMA near $376. 

Should bearish pressure intensify, the lower boundary of the descending channel near $279 could emerge as a critical medium-term support zone.

The post Zcash dips 4% as broader crypto market remains bearish appeared first on CoinJournal.