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The Relative Strength Index (RSI) is 43.55, signaling that Ethereum is still in a neutral to slightly bearish phase but could form\u00a0a local bottom if demand picks up.<\/p>\n
Bitcoin and Ethereum\u2019s short-term technicals remain uncertain, but the regulatory landscape in the U.S. is potentially providing a longer-term bullish catalyst.<\/p>\n
President Donald Trump signed an executive order to create a Presidential Working Group on Digital Asset Markets, signaling a heightened focus on crypto regulation at the federal level.<\/p>\n
Simultaneously, the Senate Banking Committee has established its first-ever Subcommittee on Digital Assets, chaired by crypto-friendly Senator Cynthia Lummis of Wyoming.<\/p>\n
This move aligns with the existing House Financial Services Committee\u2019s digital assets subcommittee, and both are expected to coordinate efforts with the White House.<\/p>\n
According to Michael Townsend, Schwab\u2019s managing director of legislative and regulatory affairs, these developments strongly indicate that bipartisan crypto legislation will be a high priority in 2025.<\/p>\n
These policy advancements could create a more structured regulatory framework, offering clarity for institutional investors and fostering long-term adoption. However, how these discussions evolve in the coming months will be crucial for Bitcoin and Ethereum\u2019s trajectory.<\/p>\n
As of this writing, Bitcoin is trading at $96,355, consolidating near its recent highs, while Ethereum trades at $2,691 after bouncing from its 200-week EMA support. Technical indicators suggest that both BTC and ETH may struggle to push significantly higher in the short term.<\/p>\n
A breakout above $100,000 for Bitcoin and $3,000 for Ethereum would likely attract fresh capital, fueling a parabolic rally. However, the lack of imminent market-moving catalysts could limit immediate upside momentum.<\/p>\n
The next major event to watch is the Feb. 28 U.S. PCE inflation report, which could influence risk appetite across global markets, including crypto.<\/p>\n