The crypto market closes another Wednesday, April 29, 2026, in mixed territory. Bitcoin retreats 0.6% in the last 24 hours to US$ 75.956, while Ethereum falls 1.6% to US$ 2.253. The Fear & Greed Index marks 26 points — fear territory that has already extended for weeks.
Bitcoin's dominance remains firm at 59.9%, signaling that money has not yet migrated to altcoins. Global volume of US$ 138.53 billion shows consistent liquidity, but lacks clear direction.
Market Overview
The global market totals US$ 2.54 trillion in capitalization, with Bitcoin representing US$ 1.52 trillion of that share. The numbers reveal a challenging week: BTC accumulates -3.6% in 7 days, while ETH bleeds -6.2% in the same period.
According to CoinDesk, Eric Trump declared that Bitcoin is in its "greatest period in history" while Wall Street aligns with the asset. The statement contrasts with technical data, which shows a still bearish structure in larger timeframes.
Bitcoin Technical Analysis
Bitcoin operates in neutral territory with RSI at 53.70. The price remains above the 20 and 50 period moving averages — US$ 75.710 and US$ 72.078, respectively — confirming short-term bullish trend.
The problem lies in the larger structure: SMA50 remains 14.6% below SMA200 (US$ 84.397). This bearish configuration indicates that any rally still faces significant structural resistance.
Weekly support at US$ 75.923 was tested today. Resistance at US$ 78.645 defines the short-term ceiling. Declining volume suggests consolidation before the next move.
Análise Técnica — Bitcoin
Ethereum Technical Analysis
Ethereum shows more concerning signals. RSI of 40.90 approaches oversold territory, while price operates between moving averages — a scenario of technical indecision.
The bearish structure is even more severe than in Bitcoin: SMA50 is 20.2% below SMA200. With price at US$ 2.253, ETH tests exactly the weekly support. A break of this level opens the path to US$ 2.054 — critical monthly support.
ETH's dominance at 10.7% shows that investors still prefer Bitcoin in moments of uncertainty. Resistance at US$ 2.370 needs to be overcome to indicate consistent recovery.
Análise Técnica — Ethereum
Top Gainers and Losers
LUNC leads gains with a 9.8% rise, followed by SIREN (+4.3%) and AERO (+3.8%). On the opposite end, WLFI plummets 13.5%, while STABLE and 币安人生 accumulate losses exceeding 9%.
The spot movements in smaller altcoins do not change the overall picture: the market continues searching for direction, with capital concentrated in major assets.
Stablecoin Quotes
Macro Context and News
The macro scenario remains challenging. According to CoinDesk, Jerome Powell signaled that he will remain as Federal Reserve governor after legal pressures. Monetary uncertainty keeps markets in a holding pattern before the next FOMC.
On the positive side, CoinTelegraph reports that Meta began paying some creators in stablecoin with Stripe's support. The move indicates growing adoption of crypto payments by technology giants.
In Brazil, Resolution 519 comes into effect next Sunday, May 4th. As reported by ON3X, B3 effectively buried Drex and privatized the Digital Real through its own stablecoin.
Perspective for Brazilian Investors
With fear dominating for weeks and RSI at neutral levels, the current moment favors gradual accumulation for long-term investors. Bitcoin above US$ 75.000 establishes a respectable technical floor, even with larger timeframe bearish structure.
The proximity of Resolution 519 may create additional volatility in the Brazilian crypto market. Investors should monitor how exchanges and local stablecoins will adapt to the new rules.
For short-term trading, await definition beyond current ranges: US$ 75.923-78.645 in Bitcoin and US$ 2.253-2.370 in Ethereum.
Read also on ON3X: B3 Buries Drex and Privatizes Digital Real: Brazilian Exchange's Stablecoin Meets Resolution 519 Coming Into Effect on May 4th
What to Watch Tomorrow
- Bitcoin's reaction to support test at US$ 75.923
- Bitcoin ETF volume following Eric Trump's statements
- Ethereum's behavior near weekly support
- Preparations for Resolution 519 coming into effect on Sunday
- FOMC signals about next monetary decisions
Warning: Crypto Radar is published daily by the ON3X team exclusively for informational purposes. This content does not constitute investment recommendation. Conduct your own research before making financial decisions.