Bitcoin Loses Momentum at US$ 76K While Ethereum Drops 3.3%
Monday, April 27, 2026, started with moderate correction in the crypto market. Bitcoin trades at US$ 76.809, down 2.1% in the last 24 hours, while Ethereum plummets 3.3% to US$ 2.287. The move confirms the loss of momentum that analysts have been warning about since last week.
Bitcoin dominance remains robust at 59.9%, signaling that the move is more profit-taking than a flight to altcoins. Global market cap of US$ 2.57 trillion still sustains the uptrend structure, but volume of US$ 145 billion indicates institutional caution.
Market Overview
The Fear & Greed Index at 47 points marks neutral territory for the first time in two weeks. We've moved out of extreme fear, but far from the euphoria that marked the US$ 78K of Thursday. This neutrality is healthy — the market is not panicking, but also not buying everything.
Among major cryptocurrencies, only Solana manages to stay in the green with near-zero variation. XRP and BNB follow the general correction, but without the extremes of Ethereum.
Bitcoin: Uptrend Structure Intact, But Growing Pressure
BTC is in a delicate technical position. RSI at 57.70 shows there is still room for decline without entering oversold, but the price remains above the 20 and 50-period moving averages. This maintains the short-term uptrend, despite the correction.
The problem lies in the 200-period moving average. At US$ 84.753, it still acts as macro resistance — SMA50 is 15.3% below SMA200, a configuration that historically precedes deeper corrections. Weekly support at US$ 76.350 will be tested today. If broken, the next floor is US$ 65.970.
Weekly resistance at US$ 78.645 rejected the price on Friday. Until we break this level, any rally will be seen as a technical correction within a larger distribution move.
Análise Técnica — Bitcoin
Ethereum Shows Relative Weakness
ETH is worse than Bitcoin both technically and in performance. RSI of 43.40 already signals bearish territory, and the price oscillates between SMA20 and SMA50 — no-man's land that typically resolves downward in corrective markets.
The 21% difference between SMA50 and SMA200 is even more pronounced than in Bitcoin, confirming long-term bearish structure. Support at US$ 2.288 is being tested now. Loss of this level opens the way to US$ 1.983, the 30-day low.
Declining volume indicates lack of buyer interest. Ethereum will need a strong catalyst — whether network upgrade or ETF inflows — to reverse this underperformance trend against Bitcoin.
Análise Técnica — Ethereum
Today's Highlights: LUNC and PENGU Lead Gains
While majors correct, some names stand out in gains. LUNC surges 12.3%, followed by PENGU with 11.6%. Jupiter (JUP) completes the top 3 with a gain of 6.5%. Classic moves of speculative capital seeking alpha in smaller projects during major corrections.
On the losses side, token M plummets 12.4%, leading losses alongside VVV (-6.9%) and H (-6.4%). These extreme moves in smaller projects often precede greater volatility in the majors.
Stablecoin Rates
USDT operates with a slight premium in Brazil, reflecting demand for hedge in reais. Exchange rates remain stable, but Brazilian investors should monitor eventual pressure on the dollar if geopolitical tensions intensify.
Macro Context and Relevant News
According to CoinDesk, industry leaders are injecting hundreds of millions into a rescue plan for Aave users following a massive hack. This type of news pressures sentiment in the short term, even as global market cap holds up well.
Western Union signaled interest in launching a stablecoin for global settlements without SWIFT — a move that could accelerate institutional crypto adoption, but still with no timeline defined. BitMine acquired 101,000 ETH despite US$ 6.5 billion in unrealized losses, showing institutional appetite even during corrections.
EU sanctions against Russian exchanges and CBDCs add regulatory pressure to the scenario. The market is still digesting this information, but direct impact should be limited for Brazilian investors.
Outlook for Brazilian Investors
The real remains stable against the dollar, facilitating entry into hedge positions via crypto. With Pix operating 24/7 and Drex still in development, Brazilians have competitive advantage to seize punctual corrections without banking hour friction.
Read also on ON3X: our complete weekly analysis of the crypto market and mapping of 29.8 TB of data on Brazilian cybersecurity in 2026.
What to Watch Tomorrow
- Test of US$ 76.350 support on Bitcoin — breakdown indicates continuation of correction
- Ethereum trying to stay above US$ 2.288 — loss of this level accelerates decline
- Institutional volume — if it remains low, correction could extend for more days
- News about the Aave rescue — details could impact DeFi sentiment
- Fear & Greed Index behavior — move below 40 would signal deterioration
Disclaimer: Crypto Radar is published daily by the ON3X team for informational purposes only. This content does not constitute investment recommendation. Do your own research before making financial decisions.