Karla Barker 
Fidelity Analyst Flags Bitcoin Bear Flag Despite Rally
Recent market analysis from top cryptocurrency observers highlights key technical levels for both Bitcoin and Ethereum. Fidelity’s global macro director Jurrien Timmer noted Bitcoin’s continued upward trend last week, which produced a fresh recovery peak at $78,344. Timmer said the rally from roughly $60,033 might still technically form a “bear flag” pattern. Still, he argued that Bitcoin is quietly building a strong base during this time, and that structure may be preparing for the next significant upward move.
Ethereum’s Critical On-Chain Test
Meanwhile, analyst Ali Martinez focused on Ethereum. He argues Ethereum is testing a historically important level that has in past cycles separated bear markets from strong bullish periods. Ethereum currently trades near its “realized price” around $2,340. This represents the average cost basis for all on-chain holders. Martinez noted that during previous recoveries, this price point has typically generated strong selling pressure, as many investors choose to exit at break-even. But if this critical threshold can flip into support, Ethereum has in the past entered highly confident uptrend phases.
What Comes Next
Neither analyst offered a definitive call. The market remains uncertain, and past behavior doesn’t guarantee future outcomes. Some see the recent Bitcoin rally as a sign of underlying strength, while others view it with caution due to the bear flag structure. Ethereum’s path may depend on whether buyers can defend the $2,340 level. This is not professional investment advice, and market participants should do their own research before making decisions.