Bitcoin and Ethereum Must 'Quickly Move Away' from Current Levels

Aksel Kibar, a former fund manager, is sounding a warning about Bitcoin and Ethereum. Despite their current decline in market capitalization, he believes they need to quickly move away from their current levels to continue their bull market.

Kibar has identified key support levels for both cryptocurrencies. For Bitcoin, the major weekly support level is approximately $82,800, which was previously a strong resistance level since it capitulated to $60,000 in February this year.

For Ethereum, Kibar argues that its price must hold above its support range between $2,550 and $2,350 to register more weekly upsides. He also notes that Ethereum has broken its May 2026 apex and must rocket over the coming weeks to maintain its uptrend.