Weekly Analysis of BTC, ETH, and the Stock Market (Feb 18, 2025)
An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.
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Bitcoin (BTC)
Bitcoin is going nowhere fast—its volatility is practically nonexistent, and the market is stuck in limbo. Buyers lack conviction, sellers lack pressure, and as a result, BTC’s chart has frozen in place.
For now, the coin remains trapped between $94,100 support and $99,400 resistance. A decisive move beyond this zone could spark broader price action, with a lower support zone at $89,200–$92,000 and upper resistance at $102,200–$105,500.
In the big picture, Bitcoin won’t be breaking new highs anytime soon—unless traders regain confidence and buying pressure returns to the market.
Ethereum (ETH)
Ethereum is still struggling to shake off its February losses, with price action remaining under pressure. The second-largest cryptocurrency is currently caught between $2,420–$2,500 (support) and $2,794 (resistance), a level that has been tested several times over the past week.
If bulls finally step up, ETH could gain momentum, pushing toward the $2,930–$3,100 sell zone, potentially paving the way for a return to its January 2025 highs.
On the flip side, if Ethereum fails to break resistance, expect liquidity to shift elsewhere, driving the price lower. In this case, $2,100 could become the next major target for buyers.
S&P 500 (SPX)
The S&P 500 extended its bullish momentum last week, reaching a new all-time high of $6,128. The index remains within a clear upward channel, with no signs of a major reversal in the near term.
However, policy shifts under the new U.S. president could impact key index components, leading to a potential correction toward $5,700–$5,800. For investors, this could be a prime opportunity to enter the market or build long positions.
Tether Gold (XAUT)
While crypto assets remain directionless, gold is thriving—proving yet again why it's one of the most resilient investment vehicles.
The GC00 gold index set a fresh all-time high at $2,945, pushing XAUT, the gold-backed stablecoin, higher as well.
With gold’s upward trajectory intact, the next psychological barrier at $3,000 appears well within reach. Interestingly, Polymarket bettors are placing 50/50 odds that gold will break above $3,000 by February 2025.
For those watching XAUT corrections, solid buy zones can be found at $2,715–$2,765, $2,635, and $2,510–$2,560.
BTC Dominance, Altcoin Season Index, Fear and Greed Index
With Bitcoin’s dominance holding steady at 61.19%, it’s clear that investors aren’t ready to diversify just yet. BTC continues to outshine the competition, keeping alternative assets in the shadows.
The Altseason Index lingers at a weak 45, underscoring the lack of enthusiasm for altcoins. Given the market’s prolonged consolidation, there’s little evidence to suggest a shift in sentiment anytime soon.
Yet, while traders remain skeptical about altcoins, the Fear and Greed Index sits at a neutral 47, hinting at potential volatility. A sudden spark could tilt the market in either direction.
For a breakout to occur, buyers need to take action, restoring confidence and breathing life back into the broader crypto landscape.
Economic Updates
This week is packed with events that traders should keep an eye on:
- Tuesday, February 18 – Donald Trump’s speech, likely setting the tone for economic policy discussions;
- Wednesday, February 19 – The FOMC meeting minutes, offering insights into the Fed’s monetary stance;
- Thursday, February 20 – Unemployment claims, Philadelphia Fed manufacturing index, and U.S. crude oil inventories, all critical for assessing economic health;
- Friday, February 21 – Services sector PMI and existing home sales, key indicators of consumer confidence.
With no big-ticket economic releases—no inflation reports, no Fed rate decisions—this week's news is likely to take a backseat, leaving crypto markets relatively unaffected.
Check out The Coinomist for the latest cryptocurrency rates and chart analysis.
Disclaimer
Please note that the analysis provided above should not be considered a trading recommendation. Before opening any deals, we strongly advise conducting your own research and analysis.
Abbreviations
TF (Timeframe) — a chronological period equal to the time it takes to form one Japanese candle on the chart.
Horizontal channel (flat, sideways, range) — the price movement between support and resistance levels, without going beyond the given range.
К — simplified designation of one thousand dollars of the asset price (for example, 23.4K – $23,400).
Gray range on the chart — a support zone.
Red range on the chart — a resistance zone.
Correlation — the tendency of prices of different cryptocurrencies to move in sync, often influenced by the dominance of one of the assets.
Initial materials
This analysis was informed by the following educational materials and articles from The Coinomist:
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