- Bitcoin and Ethereum continue to move sideways amid ongoing uncertainty over the Iran peace process.
- Cryptos are not following Nasdaq as strongly as before, pointing to underlying digital asset weakness.
- Exploring technical analysis and trading levels for Bitcoin and Ethereum.
Bitcoin and other cryptos are stuck in a narrow, frustrating range as uncertainty around the Iran peace process continues.
Unlike traditional risk assets, cryptocurrencies are not following the recent surge in US stocks. While stock benchmarks hit new all-time highs after news from the Strait of Hormuz, digital assets have barely reacted.
Bitcoin and Nasdaq correlation slowly fades – Source: JustETF.com. May 26, 2026.
Bitcoin is holding near $76,000 and showing signs of resistance on daily charts, rather than breaking out. This slow movement shows that cryptocurrencies are not tracking the tech-heavy Nasdaq as closely as they have in the past.
The recent split suggests weakness in digital assets, as crypto investors are hesitant to take a clear direction while the outcome of the peace process remains uncertain.
Daily Crypto Performance (16:37), May 26, 2026 – Courtesy of Finviz.
It is still unclear if this underperformance will last.
The lack of strong buying suggests that retail investors are holding back for now. However, Bitcoin is still holding its support levels even as the US Dollar rises, which shows that its base is solid, though some technical cracks may be starting to materialize.
The question remains: if the geopolitical situation stabilizes, is there still a chance for a strong catch-up rally?
Let’s dive into the technical analysis and key trading levels for both Bitcoin and Ethereum to assess whether a clear breakout is in play from here.
Bitcoin (BTC) Daily Chart and Technical Levels
Bitcoin (BTC) Daily Chart, May 26, 2026 – Source: TradingView.
Bitcoin attempted a breakout above its long-term pivot but could not hold it amid low conviction over a clean development in the US-Iran peace process.
BTC could be forming a head-and-shoulders pattern, a bearish structure that could take the main crypto back toward $70,000 based on a measured-move approach.
Still, as long as it holds above its 50-day MA at $74,800, the outlook is more bullish-neutral than bearish.
Levels of Interest for BTC Trading:
Support Levels:
- 4H 200-period MA — $77,000
- $75,000 — Key long-term pivot, acting as resistance
- $70,000 — Short-term momentum pivot
- $60,000 to $63,000 — Main 2024 support and recent double bottom
- $59,935 — February lows
Resistance Levels:
- $74,800 — 50-day MA
- $80,000 to $83,000 — Mini-resistance, bullish above
- $82,500 — Cycle highs
- $90,000 to $95,000 — Minor resistance
- $98,000 to $100,000 — Pivotal resistance
- $124,000 to $126,000 — Current all-time high resistance
Ethereum (ETH) Daily Chart and Technical Levels
Ethereum (ETH) Daily Chart, May 26, 2026 – Source: TradingView.
Ethereum is still showing weaker action compared to Bitcoin, having broken below its 50-day moving average at $2,220 and only just holding above its October downtrend, leaving the crypto in a more balanced rather than bearish outlook.
Any move below $2,000 could accelerate the selloff across the broader altcoin market, but as long as price action remains above this key level, bulls can still remain optimistic.
Levels of Interest for ETH Trading:
Support Levels:
- $2,000 — Mini-support
- $1,700 to $1,800 — Pre-bounce 2025 key support, testing
- $1,744 — February 6 lows
- $1,380 to $1,500 — 2025 support
- $1,384 — 2025 lows
Resistance Levels:
- $2,220 — Daily 50 MA
- $2,400 — Mini-resistance
- $2,500 to $2,800 — June 2025 pivotal resistance
- $3,000 to $3,200 — Major momentum pivot and test of $3,000
- $4,950 — Current all-time high
The narrative is easing, but keep track of WTI crude and the latest headlines to stay ahead of the game.
Safe trades!
