Post-Powell, Bitcoin Fails to Reclaim Highs While Ether Marks Doji at All-Time Peak

Bitcoin Falls Back Below Powell Spike Levels, Ether Shows Exhaustion at Record Highs

Bitcoin has erased gains from Powell’s speech, reestablishing a bearish technical setup, while Ether flashes signs of fatigue near its all-time high.

Bitcoin Retreats, Bearish Structure Holds

Bitcoin (BTC) has retraced to levels seen prior to Friday’s dovish remarks from Fed Chair Jerome Powell, which had briefly lifted market sentiment. At the time of writing, BTC is trading just above $112,000 after reaching a high of $117,440 late last week.

The rejection near resistance reinforces a lower high on the daily chart, confirming the breakdown of the April uptrend line and pointing to continued bearish pressure. Technical indicators support this narrative: the Guppy Multiple Moving Average (GMMA) is on the verge of a bearish crossover, with short-term EMAs drifting below the long-term band.

Weekly charts add further weight to the bearish outlook, with the MACD histogram turning negative, suggesting downside momentum is accelerating.

Interpretation: Despite a dovish macro backdrop, BTC’s failure to sustain a rally reflects deeper structural weakness in current market positioning.

Key Technical Levels

Support: $110,756 (Ichimoku cloud base), $100,887, $100,000 (200-day SMA)
Resistance: $117,440, $120,000, $122,056

Ether’s Doji Candle Hints at Momentum Loss

Ether (ETH) posted a doji candle at its all-time high on Sunday—typically a sign of indecision. While not a reversal signal on its own, the long upper wick indicates that buyers lost control after briefly pushing prices higher, only to be met with strong resistance.

Adding to the caution, the 14-day RSI continued forming lower highs even as ETH printed new price peaks—a bearish divergence that often precedes a pullback.

ETH has declined 3% on the day, currently trading at $4,624. Support sits around $4,065—the level that triggered the recent breakout on August 20.

ETH Technical Levels

Support: $4,065, $4,000, $3,805 (50-day SMA)
Resistance: $5,000, ATH region

Summary
Both BTC and ETH are flashing warning signs despite favorable macro signals. Bitcoin’s lower high and Ether’s doji candlestick, combined with bearish divergences and weak follow-through, suggest that bulls remain on the defensive. A break below critical support zones could deepen losses, while reclaiming recent highs is needed to revive upward momentum.