The crypto market remains sideways even after the rally between Tuesday and Wednesday.

And Ethereum is no exception.

We’ve seen ETH trade below $1,840 since testing it on the 18th, and we have similarly strong support at $1,715.

We also saw Ethereum testing the September 2021 trend line at $1,680 on Monday, a must-hold level for bulls.

Bitcoin remains sideways after Monday’s $26,500 retest, a theme that’s plagued the market since the 18th.

The critical level to open up downside targets remains $26,500.

A daily close below exposes the August 2021 to February 2023 range highs at $25,200.

Although Monday’s drop didn’t break key support, it does present another obstacle for BTC bulls.

Today’s weekly crypto forecast covers the DXY, SPX, TOTAL, BTC, and ETH.

DXY and SPX are consolidating ahead of what could be significant moves this week.

Meanwhile, we finally have some minor breakdowns to discuss in the crypto market.

I share my thoughts in the video below, but remember to scroll down for more annotated charts.

Bitcoin continued its sideways indecision today, a theme that began last Friday.

That means this week has yet to make progress in either direction.

The level capping further upside remains the $28,920 macro resistance.

I’ve discussed this level before as one to watch, given its significance since early 2021.

The crypto market has entered a period of indecision, and Ethereum is no exception.

Since the 17th, ETH has managed a $150 range with alternating red and green days.

You want to avoid this type of price action at all costs.

Even the September 2021 high at $1,790 doesn’t seem to matter much anymore, given that Tuesday’s session closed above but failed to hold on Wednesday.

Bitcoin tested the $28,900 macro resistance during Wednesday’s FOMC volatility, a level I pointed out in Tuesday’s blog post.

In fact, it’s the same resistance area I’ve had my eye on for weeks.

BTC is also breaking below the 1-hour ascending channel mentioned in yesterday’s post.

I managed to get a short entry at $28,079, as mentioned in Discord.

Bitcoin has been mostly sideways since Friday as traders hold their breath for Wednesday’s Fed rate decision and press conference.

Last week, I wrote about the $28,000-$29,000 BTC resistance area.

It coincides with the $1.18T range resistance on TOTAL, which I discussed on Friday.