Currently, THE is boosted by easing macro risks and a rebound in market risk appetite, coupled with active capital flows in Bitcoin and Ethereum, which is driving increased willingness for short-term capital inflows and providing abundant market liquidity. The daily chart structure shows strengthening bullish momentum, with the price breaking above previous dense trading zones. The upper resistance is at $0.110-$0.112, and the lower key support is at $0.099-$0.100. In the short term, the market is expected to mainly fluctuate upward, but caution is required against amplified volatility and sudden changes in sentiment. Strategically, it is recommended to strictly control positions, decisively stop losses if support is breached, and dynamically monitor macroeconomic and mainstream asset performance.

Recently, easing geopolitical tensions in the Middle East have propelled major digital assets to stage a phased rebound. Bitcoin broke through the $72,000 mark in a short time and oscillated above $74,000. Ethereum found strong buying support at key levels, with the ETH/BTC ratio returning to a three-month high of 0.0313. These bullish factors have led to a pickup in overall risk appetite, benefiting small-cap and high-beta assets as well. As a sensitive indicator of market sentiment, THE has shown notable elasticity in this round of broad-based gains, and the willingness for short-term capital inflows has markedly increased.

Bitcoin futures open interest has halved from $42 billion in October 2025 to $21 billion, indicating a deep market deleveraging. Current low leverage means even small capital inflows can significantly impact prices. Funding rates have fluctuated sharply between -12% and +7%, showing rapid shifts in market sentiment. Despite ongoing geopolitical tensions, no major liquidations have occurred since early February, reflecting a healthier position structure. Bitcoin awaits a clear directional trend amid heightened market sensitivity.

Analysis: The market has undergone a round of deep deleveraging, and Bitcoin is waiting to choose a direction.

Bitcoin surged past $72,000, rising about 3% to approximately $72,300, driven by easing tensions in the Middle East. Israeli Prime Minister Netanyahu reportedly initiated talks with Lebanon, supported by Trump's call for reduced Israeli military actions to maintain a ceasefire. Bitcoin's 24-hour gain of around 2% outpaced other major cryptocurrencies and coincided with a rebound in U.S. stocks and a drop in oil prices. Bitcoin is increasingly decoupling from tech stocks, influenced more by geopolitical and risk-averse factors.

Analysis: Bitcoin breaks through $72,000, Middle East ceasefire expectations boost market sentiment.

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

In Q1 2026, the Ethereum to Bitcoin price ratio (ETH/BTC) rebounded to 0.0313, a three-month high, indicating a recovery in the crypto market. Ethereum network users grew 82% year-on-year to 284,000, with transaction volume reaching 200.4 million. Stablecoin supply exceeded $180 billion, about 60% of the global market. Analysts suggest that if ETH/BTC closes above 0.035 weekly, it signals continued inflows into Ethereum and high-risk assets. Bitcoin remains above $74,000, supported by over $56 billion inflows into US spot Bitcoin ETFs.

Analysis: Ethereum-Bitcoin price ratio rebounds, overall crypto market recovers

Currently, Bitcoin futures open interest has declined from last year's peak of $42 billion to around $21 billion, resulting in a substantial drop in overall leverage. This means a small influx of new funds can have a significant impact on prices. Meanwhile, both Ethereum derivatives and spot ETFs are seeing continuous inflows, with single-day net inflows exceeding $120 million. Stablecoin supply now occupies nearly 60%, providing ample liquidity support for high-risk assets. In this funding environment, THE's daily trading volume has expanded notably since early April, intensifying short-term long-short battles, with bulls holding a slight advantage.

Market data shows Ethereum buyers are returning, with bulls defending the $2000 support level. Since March 6, Ethereum's aggressive buying volume has remained positive, indicating a recovery in derivatives market demand. The buying pressure dominates at $104 million, marking the first such shift in Ethereum derivatives since the last bear market. Futures open interest nears a historic high, and spot Ethereum ETFs saw a $120 million net inflow, the highest since mid-March.

Analysis: Ethereum's proactive order consumption has remained positive since March, signaling a recovery in the derivatives market.

From the daily chart perspective, after THE slumped from the $0.135 range since mid-March, it posted three consecutive bullish candles in mid-April, closing last Friday at $0.10516 and breaking out of the previous dense trading zone around $0.103. The RSI indicator sits around 55, not yet reaching overbought territory. The short-term moving averages are beginning to form a golden cross, with MA5 crossing above MA10 and trending upwards, signaling rising bullish momentum. Caution is advised for the initial resistance at $0.110-$0.112, while the $0.099-$0.100 range offers solid support. With reduced volatility, an upward consolidation is expected.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

Despite overall warming sentiment, retail investors have engaged in large-scale selling during Ethereum’s rebound, reflecting doubts about the trend’s sustainability and the potential for intensified selling should the market come under renewed pressure. As a high-beta asset, THE’s volatility is likely to further increase. It is recommended to maintain strict position control during participation; decisively stop losses if key support is breached, and closely monitor developments in macro events and the sustainability of mainstream asset performance to guard against rapid pullbacks from sudden sentiment reversals.

Santiment reported that amid recent market gains, small retail investors are selling significant amounts of Ethereum, with wallets holding 0.01 ETH or less reducing by 1,791 ETH (worth $4.16 million) in two days. The public perceives the 17% rise since March 29 as a bull trap, which ironically may strengthen the likelihood of the ongoing bullish momentum continuing.

Santiment: The general market believes the recent rise is a bull trap, but the bullish momentum may continue.

Thena

UBS: Still expects the Federal Reserve to cut interest rates by 50 basis points later this year.

China expected to keep benchmark lending rates steady after strong GDP data

The European Central Bank will raise interest rates in June as the Iran war drives inflation higher this year, a Bloomberg survey showed.

Important news from last night and this morning (April 16 - April 17).

Bank of Japan Governor: We need to simultaneously address rising energy prices and economic downturn risks; policy-making is very difficult at this stage.

BOJ chief avoids hints of April rate hike, shattering hawkish market bets

ECB policymakers play down April rate hike chances

Declining energy prices have moved the euro-zone economy back toward the European Central Bank’s base case and may mean interest-rate increases aren’t needed, according to Governing Council member Primoz Dolenc.

Fed’s John Williams Signals Support for Holding Rates Steady Ahead of FOMC Meeting

Israeli envoy warns of reaction if threatened, straining Israel-Iran relations

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Thena Price: THE Live Price Today | THE Market Cap & Chart Analysis | Bybit-eu

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THE price today is 0.11, with a live price change of 2.83 in the last 24 hours. Convert, buy, sell and trade THE on Bybit-eu.

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