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Bitcoin rises amid Hormuz ceasefire and Ethereum disagreements: what’s next?, 2026/04/17 17:59:56
Opinion U.S. President Donald Trump expresses satisfaction that Iran has pledged to cease interference with shipping in the Strait of Hormuz, while Bitcoin shows moderate gains. Ethereum’s growth is hindered by internal disagreements within the Ethereum Foundation. What will the outcome be?
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Bitcoin
From April 10 to April 17, Bitcoin increased by 2.56%. Throughout the week, the leading crypto asset managed to reach a two-month high, hitting $76,120 on April 14.
Source: tradingview.com
The restrained growth of Bitcoin was aided by the cessation of Israel’s operations in Lebanon. The agreements took effect on April 16. Investors are anticipating a resolution to the conflict between Iran and the U.S., where a ceasefire is in place until April 22. However, full de-escalation is still a distant goal. Disagreements remain regarding the Strait of Hormuz, Iran’s frozen finances, and its nuclear program. Crypto investors are currently approaching the easing of tensions with cautious optimism.
Bitcoin spot ETFs have recorded inflows for the third consecutive week, with this week’s capital inflow amounting to $332.46 million. This figure represents a decrease of 2.36 times compared to the previous week. The most favored fund among investors was BlackRock’s iShares Bitcoin Trust (IBIT), which saw an increase of $622.1 million.
Source: sosovalue.com
The business sector, particularly in the U.S., continues to promote Bitcoin to the public. The fast-food chain Steak’n Shake introduced a new milkshake this week named after the cryptocurrency — Bitcoin Milkshake. The launch date, April 27, coincides with the start of the Bitcoin Conference 2026 in Las Vegas. Steak’n Shake accepts Bitcoin payments and has a special employee incentive program where staff earn bonuses of $0.21 per hour, denominated in Bitcoin.
From a technical analysis perspective, the initiative in the crypto market has shifted from sellers (bears) to buyers (bulls) of Bitcoin. This is indicated by the price exceeding the 50-day moving average (marked in blue). The RSI indicator has risen above 50, further supporting the bullish outlook. The nearest support and resistance levels on the daily chart are $72,174 and $76,000.
Source: tradingview.com
The fear and greed index has increased by five points compared to last week, reaching 21. The sentiment among crypto investors remains one of extreme fear.
Ethereum
From April 10 to April 17, Ethereum gained 3.82%. ETH, like BTC, reached a two-month high. This occurred on Tuesday, April 14, when the second-largest cryptocurrency reached $2,416.8.
Source: tradingview.com
One positive aspect for Ethereum is the increase in the number of new users. In the first quarter of the year, this metric recorded a record growth of 284,100 individuals, which is 81.5% higher than the last quarter of the previous year. The primary reason is Ethereum’s dominant position in the stablecoin market. An increasing number of corporate investors are choosing this blockchain for launching their coins pegged to the dollar and other fiat currencies.
Source: classic.artemis.ai/
Ethereum spot ETFs have shown positive dynamics for the second consecutive week, with an inflow of $148.34 million. The majority, $68.43 million, was attributed to BlackRock’s iShares Ethereum Trust (ETHA).
Source: sosovalue.com
However, not everything is calm among Ethereum developers. This week, it was announced that senior executive Josh Stark is leaving the non-profit organization Ethereum Foundation (EF), which is behind the second-largest cryptocurrency. This news has raised concerns about increased centralization of the project. Along with Stark, another EF member, Trent Van Epps, also announced his departure. The exit of key figures from the Ethereum Foundation occurred shortly after co-founder Vitalik Buterin announced significant changes in the organization’s leadership.
From a technical analysis standpoint, it cannot be claimed that Ethereum is in an upward trend. ETH’s movement continues to be sideways. This is confirmed by the low value (20.3) of the ADX indicator, which characterizes trend strength. Despite this, the sentiment in mid-April is certainly bullish — the price is well above the 50-day moving average (marked in blue). The nearest support and resistance levels on the daily chart are $2,200 and $2,416.8.
Source: tradingview.com
BNB
During the week from April 10 to April 17, Binance’s cryptocurrency successfully maintained a position above $600, increasing by 3.77%. The best day for BNB was Monday, April 13, when its price rose by 4.1%.
Source: tradingview.com
The support for Binance Coin came from a large-scale BNB burn. Over $1 billion worth of cryptocurrency was removed from circulation. The burn occurred automatically based on calculations made at predetermined intervals. The amount of tokens removed from circulation also depends on user and economic activities. Periodic BNB burns help reduce selling pressure on the cryptocurrency by decreasing the overall supply.
Growth is also supported by decisions made by Binance itself. The Binance Wallet has added support for perpetual futures in both the app and web interface. This innovation is linked to the Alpha Task Points Campaign. Customers who can generate a cumulative position of $1,000 from April 14 to April 28 will be awarded alpha points, which can be converted into rewards by May 12.
Additionally, the crypto exchange has introduced a new Binance Chat feature. Now, messaging and trading can be conducted from a single platform. This is another step towards Binance’s goal of creating its financial super app. Users can add others, participate in group discussions, and make payments directly through chats. To initiate a conversation, one must accept a contact request using the IDs specific to particular chats.
From a technical analysis perspective, BNB has been drifting sideways for two and a half months. The indicators present mixed signals. On one hand, the price has surpassed the 50-day moving average (marked in blue), which favors buyers. On the other hand, the stochastic is in the overbought zone — a bearish sign. The support and resistance levels on the daily chart are $566.5 and $686.
Source: tradingview.com
Conclusion
By the end of the week, the largest cryptocurrencies continued to appreciate. The cessation of hostilities between the U.S. and Iran, Israel and Lebanon, new technical innovations, and unconventional business approaches to attract audiences to digital assets are becoming catalysts for positive dynamics.
This material and the information contained herein do not constitute individual or any other investment advice. The views of the editorial team may not align with those of analytical portals and experts.
