Crypto Market Sees Modest Recovery as BTC and ETH Defend Key Levels

Bitcoin (BTC) and Ethereum (ETH) have shown signs of recovery after correcting by nearly 4% and 2%, respectively, in the previous week. BTC is currently trading above $64,500 on Monday, while ETH continues to defend its crucial $1,700 support level.

XRP, on the other hand, shows signs of stabilizing at $1.14 after a recent correction. The market remains in corrective mode, with immediate resistance seen at the 50-day EMA around $69,106 for BTC and the horizontal barrier at $1.204 for XRP.

The Relative Strength Index (RSI) has recovered from deeply oversold territory toward the low-40s for BTC, hinting at easing downside pressure but not yet signaling a bullish reversal. The Moving Average Convergence Divergence (MACD) indicator remains in positive territory for ETH, suggesting that the latest bounce is corrective within a broader capped structure.