This week's Crypto Weekly Update highlights Bitcoin nearing $100,000, Ethereum's growing traction, and TON witnessing a notable surge due to essential upgrades.

Bitcoin News & Macro

Bitcoin continues to dominate discussions this week, capturing the attention of traders and analysts across the board. Spot Bitcoin exchange-traded funds (ETFs) have drawn in an astonishing $1.7 billion in fresh investments, marking a notable sixth consecutive week of growth and pushing total assets managed to an impressive $95.4 billion. Evidently, institutional interest is on a noticeable upward trajectory.

Source: SoSoValue

In a significant move, Bitcoin has broken through the $99,000 threshold, recording an extraordinary 40% monthly candle. This surge is largely fueled by the anticipated support for cryptocurrency from the incoming Trump administration. Analysts are fervently discussing the possibility of Bitcoin reaching six-figure valuations before the year concludes. Overall, liquidity is flooding into the market, with stablecoin investments reaching an all-time high of $9.7 billion this month.

Source: Leon Waidmann

Regulatory developments are shaping the landscape as well. The Commodity Futures Trading Commission (CFTC) has recently backed the concept of using tokenized trading collateral, suggesting that Bitcoin has the potential to address inefficiencies in traditional financial markets.

Source: CFTC

However, not everyone is fully onboard with this soaring optimism. On-chain analytics indicate a cautionary signal, with increased funding rates and considerable whale movements suggesting a potential local peak may be near.

Source: VanEck

While the general sentiment in the market remains positive, experienced traders understand the necessity of keeping an eye on risk factors as this wave of momentum develops.

BTC Price Analysis

This week, Bitcoin has been fluctuating just under the critical $100,000 level, reflecting a phase of consolidation following its recent explosive growth.

Source: TradingView

Over the course of the week, Bitcoin has been trading within a range between $96,500 and $99,000, with buyers consistently protecting the $96,500 mark. This level of support corresponds with the 20-day exponential moving average (EMA), underscoring bullish influence on the price trends. A breakout above $92,000 last week transformed a significant resistance level into support, potentially paving the way for movement into untested price areas.

Source: TradingView

Upon closer inspection of the 4-hour chart, a horizontal channel has emerged for Bitcoin, indicating a phase of accumulation around the $96,500 level. The upper range between $99,000 and $100,000 has been a target for profit-taking; nonetheless, indicators like long lower wicks suggest that buyers are eagerly entering the market. This consolidation exhibits elements of a bullish flag formation, implying a possibility for another upward movement if the $100,000 resistance is overcome. Nevertheless, ongoing RSI divergence and a drop below $96,500 could lead to a pullback towards $92,000. The market eyes whether bulls can reclaim the $100,000 level, which could incite FOMO and send Bitcoin even higher.

Ethereum News & Macro 

In the meantime, Ethereum has made its mark this week, maintaining stability despite a significant $1.3 billion sell-off by whales. The prevailing sentiment reflects rising confidence in Ethereum’s positive momentum.

Source: Lookonchain

Looking at adoption, Ethereum's decentralized application ecosystem is buzzing, showcasing a 38% increase in activity over just one month.

 Source: DappRadar

This surge highlights the expanding popularity of decentralized platforms and has sparked conversations about a potential price breakthrough.

Compounding the excitement, ZA Bank, the largest virtual bank in Hong Kong, has initiated trading for retail users in Ether and Bitcoin. This development could usher in fresh liquidity from Asia directly into the Ethereum market.

However, analysts caution that a price correction might occur before Ethereum rallies to an anticipated peak of $20,000 by 2025. Still, both institutional and retail interest—often referred to as smart money—remains robust, providing a solid foundation for ETH. While short-term fluctuations are expected, the mid-term outlook remains positive.

ETH Price Analysis 

This past week, Ethereum has demonstrated its strength, bouncing back from the $3,160 support level following a phase of tight consolidation.

Source: TradingView

In the early trading session, ETH fluctuated between $3,160 and $3,200, signaling a phase of accumulation as buyers absorbed selling pressure. A subsequent breakout saw a bullish engulfing candle propel the price past $3,300 and reach up to $3,420. This movement has established an ascending channel, indicating a steady, controlled uptrend. Daily closes above the 20 EMA have affirmed the bullish trend, and the 50 EMA on the 4-hour chart has offered consistent dynamic support.

Source: TradingView

Currently, Ethereum is testing resistance levels close to $3,400-$3,420, consolidating with smaller-bodied candles as the market takes a moment to breathe. A daily close above this level could pave the way for a move towards $3,500 and beyond, while a rejection may bring prices back to the $3,160-$3,200 range. The RSI on the 4-hour chart remains optimistic, allowing for additional upside without showing signs of fatigue. Given the solid demand and limited sell-off activity, Ethereum's medium-term outlook remains bright, signaling a firm grip of buyers in the market.

Toncoin News & Macro

The TON ecosystem has been bustling with activity over the past week. A standout development is the integration of TON’s on-chain data with Arkham, which promises traders and institutions enhanced analytical tools to decode trading activities and monitor significant transactions.

Source: Arkham

Another major highlight came from the NEUTON Protocol, a TON-centric project backed by the tech giant NVIDIA. With token presales launching at attractively low prices and upcoming listings on exchanges such as BitMart, CoinDCX, and MEXC, this demonstrates that influential players are paying serious attention to TON. NVIDIA's involvement adds a layer of credibility that could boost investor demand for Toncoin.

Source: NEUTON

On the DeFi front, the launch of TONCO as the first decentralized exchange on the TON blockchain marks a significant development. With support from Algebra Labs, it is equipped with concentrated liquidity pools and promises exciting opportunities for the TON ecosystem.

Source: TONCO

Additionally, Toncoin has proudly claimed the fourth position among the world's most trafficked blockchains, reflecting its burgeoning significance.

Source: CoinMarketCap

This increase in visibility further enhances TON’s credibility, which could translate into a stronger sentiment in the market.

TON Price Analysis

Priced action-wise, TON experienced a week of breakout momentum, regaining critical levels and pushing prices upward.

Source: TradingView

Early consolidation around $5.50 set the stage for an ascending triangle breakout on both the daily and 4-hour charts, sparking a rally that smashed through $6.00 and peaked at $6.40. Strong buying volume fueled the move, signaling real demand, while the daily EMAs confirmed the uptrend as the price stayed above both the 20-EMA and 50-EMA. After the rally, a textbook pullback retested $6.00 as support, holding steady and reaffirming buyers’ control.

Source: TradingView

Currently, Toncoin is consolidating around $6.20, forming a bullish flag pattern that suggests a potential run towards the $6.40-$6.60 area. The successful reclaiming of the $5.50 mark as support alongside the firm defense of $6.00 has shifted the market dynamics favorably for the bulls, establishing a robust base for additional gains. If the $6.00 support holds, the trajectory remains bullish, with dips likely attracting buyers. A breakout beyond $6.40 could trigger the next upward movement; however, a slip below $6.00 may encourage retests at lower levels like $5.50—still, the overall momentum clearly favors the upward trend.