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FxWirePro- Crypto Weekly Alpha: ETF Rebounds, L2 Rallies & Key Resistance Levels

Midweek volatility notwithstanding, the bitcoin industry is showing resiliency and remaining over the $2.80 trillion market cap. The predominance of Bitcoin (BTC.D) has grown to 57.13%, therefore reflecting a convergence of institutional money into BTC whereas Ethereum's dominance (ETH.D) stays flat. Driven by a robust weekend comeback in ETF flows that offset prior mid-week outflows, market mood as shown by the Fear and Greed Index has moved into "Greed" at 72. Notably, with NEAR Protocol dominating their respective sector, AI Applications and Data Availability saw major growth.

Spot ETF flows show a mixed picture: Bitcoin ETFs gained a net $6.10 million mainly from strong Friday dip-buying that offset significant mid-week outflows. Despite a late-week recovery, Ethereum ETFs had continuous net redemptions with a weekly net outflow of -$140.60 million. BTC/USD officially faces resistance at $83,000 and support at $74,500; ETH/USD's current resistance is at $2,770 and support is at $2,350. The Real World Assets (RWA) and Rollups & Layer 2 segments also did well, with outstanding increases in Injective, Algorand, Arbitrum, and Optimism.

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