The Crypto Index

April 08, 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: $BTC is still ranging in a bearish trend after a massive market move from the tariff announcements. Trend is still overwhelmingly bearish while trying to keep thr macro bullish trend alive at these macro lows/support.

Daily Chart:

Technical Breakdown: The $BTC daily is hanging on by a thread to the local lows and a double bottom potential. IF we lose this local level the next target to the downside would be 72,800 with large macro implications such as a shift in macro trend.

3 Day Chart:

Technical Breakdown: Looking at the 3D chart we still the the line in the sand for macro bullish trend. If we get price below the grey AOI, macro bullish trend would indeed be over.

Ethereum

Update:  $ETH continues getting beat down by the market, and bearish trend is still alive. There are no signals for a bullish trend shift yet, but RSI readings are showing a severely over sold asset in the macro.

Daily Chart:

Technical Breakdown: The most important technical highlight from $ETH here is price interacting with this black macro AOI. While it’s never smart to catch a knife, there is strong reason to start developing a long strategy here for some sort of mean reversion from this massive bearish trend.

3 Day Chart:

Technical Breakdown: Looking at the $ETH 3D chart it shows much better how important this macro support level is. Failure to bounce from here and we could revisit prior macro lows.

Solana 

Update: $SOL is largely affected by the broad market and BTC currently. Bearish trend is still alive and there are no indicators showing a shift yet. Much like other assets, the only hope is indicators showing an insanely oversold asset.

Daily Chart:

Technical Breakdown: Solana just recently broke down below local support and there has not been a break back above yet. What does this mean, it means trend is overwhelmingly bearish on the 1D chart.

3 Day Chart:

Technical Breakdown: The 3D chart is giving us a reason to look for a bottom at the lowest grey AOI if we cannot come back and reclaim prior lost levels. If we head lower into macro support we will monitor volume and our indicators if that comes.

Altcoin Chart of The Day

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

Chart: 

Technical Breakdown: $LINK has finally visited the macro support level at $10 bucks, We need to monitor volume and other indicators at this level to see if there is demand and a signal for a bottom. The AOI MUST hold for any meaningful trend shift/bottom to occur.

Memecoin of The Day

Update: The Memecoin of The Day is $UFD!

Chart:

Technical Breakdown: $UFD losing the black AOI was largely responsible for the death of this coin. What to do now? We need to wait and monitor for large buy orders and any springs that could send price back above that black AOI for any meaningful macro bottoms signals.