Cryptocurrency markets faced fresh headwinds following former US President Donald Trump’s national address yesterday, pushing Bitcoin to hover near the $67,000 mark. Recent geopolitical tensions and Trump’s remarks have further dampened risk appetite in digital assets. Analysts suggest that if the ongoing war had ended within three to four weeks, losses in the crypto space might have been recouped more swiftly; however, with the conflict now expected to last at least another month, its impacts are taking on a longer-term character. In this climate, questions are swirling around the future trajectory of NEAR Coin—once one of the standouts among alternative cryptocurrencies—and whether Ethereum can stage a meaningful rally.
NEAR’s resilience tested as market correction deepens
NEAR Coin, which managed to survive even the fallout of the FTX collapse, has been retreating in step with the broader altcoin market for an extended period. Altcoin Sherpa, a well-known market commentator, revealed that he sold his holdings over concerns that the decline could stretch as far as $1.07. Nonetheless, he acknowledged today that, despite closing his positions, NEAR might still secure a critical support level.
“I had to exit my NEAR position, but I still think this level is solid as support. The 0.618 Fibonacci zone is converging here along with several EMAs. I’m not buying right now, just watching for the moment,” Altcoin Sherpa commented.
If NEAR can maintain a foothold above $1.23, the next resistance level to watch is $1.297. How the coin performs at these points may prove decisive in setting the tone for its near-term recovery or further losses, especially as market sentiment remains fragile.
Ethereum struggles to regain upward momentum
Market observers widely agree that a robust move from Ethereum is essential for any sustained altcoin rally. However, the pivotal $2,100 mark has eluded ETH, with the token drifting around $2,050 as investor enthusiasm fades, in part due to Trump’s recent statements. DaanCrypto, another analyst, cautioned that unless Ethereum reclaims key zones, the latest upside attempts could be viewed as additional evidence of a bearish trend. He maintains that opening new positions makes sense only if ETH emerges definitively from its current trading channel.
Should prices slip below $1,900, the strongest support lies at $1,500, raising the risks of accelerated selling and sharp volatility if the floor gives way.
Mister Crypto, referencing the above heat map, noted that buyer activity has reached its highest point since 2022. However, these strong inflows are not clearly reflected in spot price action or on ETF platforms. He also speculated that significant ETH purchases by recent Drift protocol hackers may have distorted on-chain data, making it difficult to read genuine buying interest.
On the institutional front, Ethereum-focused exchange-traded funds saw an outflow of $71.2 million yesterday. As a result, ETF assets have declined to levels not seen since August 2025, with persistent, steady withdrawals signaling ongoing caution among larger investors.
