Weekly start, targeting the technical resistance levels of major coins... The turning point of the triangle convergence pattern

Cryptocurrency markets are showing a general rebound as Monday arrives. Major coins such as Bitcoin(BTC), Ethereum(ETH), and Ripple(XRP) are testing important technical levels and exhibiting selective upward movements, while a clear divergence in outlook between institutional investors and individual investors is becoming evident. Currently, the market is in a key phase that could determine a trend reversal in the coming weeks, according to prevailing analyses.

Institutional Profit-Taking vs. Retail Futures Demand… Divergence in Supply and Demand Structure

Recent shifts in capital flow vividly reflect the market sentiment. Last week, the US spot ETF market saw approximately $88 million outflow from Bitcoin and about $66 million from Ethereum. This indicates active profit-taking orders following short-term surges.

On the other hand, Ripple(XRP) experienced four consecutive weeks of net inflows into spot ETFs, totaling around $230 million. Notably, the futures market is thriving, with open interest in BTC, ETH, and XRP increasing by over 2% in the past 24 hours, suggesting that retail leverage demand remains strong. The withdrawal of institutional funds from the spot market appears to be offset by bullish sentiment in the futures market.

Bitcoin Breaks Upper Triangle Resistance, Signaling Bullishness

Bitcoin is currently trading around $93,890 and has maintained its upward momentum over the past two days. A symmetrical triangle pattern has formed on the daily chart, with resistance connecting the highs of November 15 and December 3, and support connecting previous lows, converging toward the apex of the pattern.

Technically, around $93,500 acts as the upper boundary of this pattern. Chart analysts suggest that if the daily candle closes as a bullish (green) candle at this level, a breakout will be confirmed, potentially pushing the price toward the 50-day EMA at $97,205.

Supporting indicators are also positive. The Relative Strength Index (RSI) is rising toward the neutral zone from 46, and the MACD is trending upward toward the zero line, indicating easing selling pressure. However, failure to break above the resistance could lead to a correction back toward around $84,000.

Ethereum at Critical Trend Reversal Point of $3,240… Ripple Focuses on Maintaining Psychological Support

Ethereum(ETH) is trading near $3,240, displaying a technical pattern similar to a symmetrical triangle. Since recovering above $3,100, it has been attempting to break through the descending trendline that has persisted since October. A successful breakout above this level could open the way to the 200-day EMA at $3,459. The RSI(49) approaching neutrality is also a positive sign. Conversely, the key support level on the downside is around $2,623.

Ripple(XRP) is currently trading at $2.39, up 11.96% over 24 hours. It is holding the psychological and technical support at the $2 level while seeking a rebound within its downward channel. The channel’s upper boundary at $2.18 serves as the first resistance; breaking through this could see the 200-day EMA at $2.47 acting as a medium-term resistance. The MACD signal is attempting to shift toward a buy signal, and whether XRP can hold the $1.90 level, which coincides with the June lows, will likely determine its short-term direction.