The Crypto Index

April 07, 2025

Introduction

Welcome to the latest edition of The Crypto Index, where we bring you key updates and analyses across the diverse spectrum of crypto assets! Before we dive in, make sure to consider joining our Advanced Community!

Section 1: Bitcoin (BTC)

  • Overview of Price Movements

  • Technical Analysis Breakdown

Section 2: Ethereum (ETH)

  • Overview of Price Movements

  • Technical Analysis Breakdown

Section 3: Solana (SOL) 

  • Overview of Price Movements

  • Technical Analysis Breakdown

Section 4: Altcoin of the Day

  •  Highlight

  •  Technical Analysis Breakdown

Section 5: Memecoin of the Day

  • Highlight

  • Technical Analysis Breakdown

Bitcoin

Update: Looking at the more recent price action, Bitcoin is definitely in a bearish phase. Price has fallen below the $80,000 mark in late March and continuing to show weakness into April. The current price level represents a substantial correction from Bitcoin's peak, at around $108,000 in late December or early January.

Daily Chart:

Technical Breakdown: The $BTC daily shows just how important the current trading level is. Bulls are definitely pushing for an attempt to bounce price at this current level (see the current wick).

A loss of this current support level would give targets lower to $70-$72k.

3 Day Chart:

Technical Breakdown: Looking at the 3D chart we see a very important support area marked at $72k. If you are speculating BTC on more macro timeframes, this is your “line in the sand” level for macro continuation. Anything below this level and BTC gets very bearish fast. As long as price stays above this level, bulls have some breathing room.

Ethereum

Update:  The correction in $ETH has been particularly steep since January 2025, with several failed attempts to establish support around the $2,800 level in February and then around the $2,000 level in March. The most recent price action shows a sharp decline in early April, with ETH briefly touching the $1,400 level before slightly recovering to its current price.

Daily Chart:

Technical Breakdown: The most important technical highlight from $ETH here is looking at current RSI levels. While it’s easy to remain bearish on ETH based off of months of price action, RSI is starting to paint a different picture. With RSI this oversold, risk is shifting to favoring upside, or the start of a potential bottom. Nothing is confirmed yet, but I think it’s a good idea to start looking for a local bottom from ETH down here.

3 Day Chart:

Technical Breakdown: Looking at the $ETH 3D charts we see another reason to start thinking about a bottom down here. RSI is starting to show a slight bullish divergence on this high time frame paired with VERY oversold conditions. Nothing is set in stone yet, but monitoring this on high time frames can be high leverage in trying to find the bottom.

Solana 

Update: Since that peak, Solana has been in a consistent downward trend, falling to current levels around $110. However, unlike Bitcoin and Ethereum which are showing negative daily performance, Solana is currently showing a positive daily gain of 4.52%, suggesting a potential short-term recovery or bounce after reaching a low point around $95.

Daily Chart:

Technical Breakdown: Solana just recently broke down below local support marked by our black lines. This can be used in a few ways. Once way is to look for a reclaim of these levels to mark a deviation. Another is to look for a retest and rejection of this level again for bearish continuation. We are looking for a reclaim of this level for an attempt of a local bottom.

3 Day Chart:

Technical Breakdown: The 3D chart is giving us a reason to start shifting into a bullish bias in regard to RSI. A slight bullish divergence is starting to flash here showing the potential for an early bottom. Nothing is certain yet, but it’s important to notice this signal early and monitor for confirmation.

Altcoin Chart of The Day

Update: The Altcoin Chart of The Day is $AVAX on the 3D timeframe!

Chart: 

The

Technical Breakdown: $AVAX is starting to show an early signal of a bottom as well on the 3D chart flashing a macro bull div. Oversold RSI + a bull div is a beautiful recipe for calling early trend shifts and spotting potential bottoms.

Memecoin of The Day

Update: The Memecoin of The Day is $PEPE!

Chart:

Technical Breakdown: $PEPE is at a great spot for long speculations being at local support. This spot previously provided a nice bounce within this new trading range. We are looking for a bounce from this level with potential to move back up to the range highs. Any breaks below the local support would invalidate that idea/set up.