Flipster Crypto Weekly (March 28)

March 28, 2025

The crypto market held firm despite major economic shifts this week. 

U.S. President Donald Trump announced a 25% tariff on imported automobiles, effective April 2, aiming to boost domestic manufacturing. Meanwhile, U.S. consumer confidence plunged, with the Conference Board’s Index dropping 7.2 points to 92.9—its lowest level since 2021. 

Despite these macro headwinds, BTC remained stable, ETH and SOL stayed above key short-term moving averages, and HYPE rebounded after JELLY token manipulation concerns.

Bitcoin (BTC)

Weekly performance: +2.14%

Year-to-date (YTD) performance: -7.89%

Bitcoin (BTC) successfully closed above its 200-day moving average (MA), a key technical indicator highlighted in last week’s Crypto Weekly. Following strong upward moves on Sunday and Monday, BTC is now consolidating above its short-term moving averages. Price action suggests that BTC may continue to trade sideways over the next few sessions as market participants await next week’s tariff decisions.

Ethereum (ETH)

Weekly performance: -3.39%

Year-to-date (YTD) performance: -42.5%

Ethereum (ETH) has been forming a series of higher lows and higher highs since establishing its local bottom on March 11, indicating a potential reversal from its previous downtrend. However, ETH is currently facing resistance at the $2,080 level, a key price point that coincides with the 21 MA. This confluence of technical levels may pose a challenge to further upside momentum.

Solana (SOL)

Weekly performance: +4.81%

Year-to-date (YTD) performance: -29.35%

Solana (SOL) has closed four consecutive sessions above its 21 MA, a milestone it has not achieved since late January, when its recent downtrend began. SOL is currently trading above the $136 level, which previously acted as resistance in early March. Going forward, this level may serve as a potential support zone for prices.

Hyperliquid (HYPE)

Hyperliquid (HYPE) came under renewed pressure following another round of attacks, during which a trader allegedly manipulated the price of the JELLY token. This activity resulted in significant losses for the Hyperliquid Provider (HLP), its market-making bot. The incident triggered a sharp sell-off, with HYPE declining by more than 20% during Wednesday’s intraday session. However, Hyperliquid has since addressed the issue, and HYPE has recovered close to 20% from its recent lows.

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