Crypto is still defying the playbook. Traditional assets are flashing risk-off signals, but Ethereum just ripped 4% higher to about $2,410, and Bitcoin held its rebound above $78,000.
These numbers should be a signal of strength. But something underneath still feels stuck. We’re seeing price resilience in the majors, not the breadth or breakout energy that would mark a true regime shift.
The core split tonight: Bitcoin and Ethereum look strong, but under the surface, crypto is boxed in by low volatility, muted internals, and a tape that refuses to break clean in either direction. The question isn’t just what’s moving. It’s whether this resilience has real legs.