Crypto Today: Bitcoin, Ethereum and XRP set to extend rebound, attracting capital through ETFs

Crypto prices tick up as selling pressure eases amid ETF inflows

Bitcoin spot Exchange-Traded Funds (ETFs) experienced significant inflows totaling $532 million on Monday, down slightly from roughly $630 million on Friday. SoSoValue data shows that cumulative inflows stand at $59.25 billion, with net assets under management averaging $106.44 billion. The surge in capital flowing into BTC digital investment products reinforces the bullish outlook as prices increase and market sentiment improves.

Ethereum spot ETFs saw their second consecutive day of inflows at approximately $61 million on Monday and $101 million on Friday. Cumulative inflows now stand at $12.08 billion, with net assets under management at $13.97 billion.

Meanwhile, inflows into XRP spot ETFs returned on Monday, totaling $3.87 million, following muted activity on Friday. Cumulative inflows now stand at $1.29 billion, with net assets under management at $1.07 billion.

Technical outlook: Bitcoin encounters short-term resistance

Bitcoin trades at $80,851, maintaining a constructive bullish bias as it advances further above the 50-day and 100-day Exponential Moving Averages (EMAs), clustered around $74,688 and $ 75,987, respectively. The 200-day EMA at $82,147 now emerges as the next notable topside hurdle, while a firming Relative Strength Index (RSI) is near 68 on the daily chart.

Moreover, a positive Moving Average Convergence Divergence (MACD) reading, with a green histogram on the same chart, reinforces persistent upside momentum.

On the topside, immediate resistance lies at $81,000, followed closely by the 200-day EMA near $82,147. A clear daily close above these barriers would open the door to a stronger continuation of the uptrend. On the downside, initial support lies in the pivotal $78,000–$80,000 range, followed by the 100-day EMA around $75,987 and the 50-day EMA at $74,688 should a deeper pullback unfold.

Altcoins technical outlook: Ethereum and XRP exhibit recovery strength

Ethereum trades around $2,380, holding a slight bullish bias as price remains above the medium- and short-term moving averages. Still, the ETH upside is capped by the longer-term 200-day EMA near $2,549. The 100-day EMA around $2,345 and the 50-day EMA near $2,260 both sit below the spot and suggest a constructive underlying trend.

At the same time, the RSI, hovering at 59 on the daily chart, hints at firm but not overextended upside momentum. The MACD remains marginally negative but has been recovering, which reinforces the idea of improving sentiment rather than a fully established uptrend.

On the topside, the rich supply area at $2,400 and the 200-day EMA at $2,549 are the next key resistance. A daily close above both barriers would be needed to unlock a more decisive bullish phase. On the downside, initial support is seen at the 100-day EMA around $2,345, with the 50-day EMA near $2,260 providing a deeper cushion if sellers regain control.

XRP, on the other hand, trades near $1.41 aliging with the 50-day EMA in the same area. The remittance token remains well below the 100-day EMA at $1.51 and the 200-day EMA at $1.73, which keeps the broader tone capped despite this short-term footing.

Meanwhile, the RSI around 53 on the daily chart hints at mildly positive momentum, yet the MACD histogram stays slightly in negative territory, suggesting that upside attempts could still struggle against overhead trend resistance.

On the topside, initial resistance is seen around $1.45, ahead of the descending trendline reference near $1.50 and the 100-day EMA at $1.51, all of which form an important supply cluster that bulls would need to clear to improve the outlook. On the downside, immediate support is provided by the 50-day EMA at $1.41. A sustained break below this level would expose XRP to renewed selling pressure and further align it with the prevailing medium-term downtrend.

(The technical analysis of this story was written with the help of an AI tool.)

Crypto ETF FAQs

What is an ETF?

An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.

Is Bitcoin futures ETF approved?

Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.

Is Bitcoin spot ETF approved?

Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.

Which are the pros and cons of crypto ETFs?

The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.