Crypto prices appear poised for a bullish continuation as a series of tariff-related positive developments have considerably improved the broader macroeconomic outlook.
The United States and China are expected to extend their tariff pause for another 90 days, as representatives of both nations are set to meet in Stockholm for trade talks.
Meanwhile, US President Donald Trump announced a trade deal with the European Union, calling it “the biggest deal ever reached”.
The agreement includes a 15% tariff on most EU exports to the US, a commitment by the European Union to purchase $750 billion worth of US energy, and a $600 billion investment into the US economy.
With a broader trade war between the two economic powerhouses averted, the crypto bull market is on the cusp of its next leg up. However, large-cap assets still need to flip key resistance levels.
Crypto Prices Rally, But Is It a Bull Trap or The Next Leg Up?
Following a series of positive global trade news, the Bitcoin price climbed up to $119,800 early on Monday.
BTC remains range-bound between $117,000 and $120,000. After failing to breach the $120k resistance, its price has dipped to $118,000 after the NY open on Monday.
However, data from Glassnode reveals that $117k has emerged as a strong support level, with nearly 73k BTC purchased at this level. Dips to this support level are being absorbed with ease.
Sidelined investors should wait for a clear breakout above the $120k resistance before going long on BTC. Alternatively, experts claim that any dip to $110k would be a gift.
Ethereum continues to be in the spotlight, reclaiming the $3900 mark on Monday for the first time since December last year.
Experts believe that $4000 is now just a matter of time, and that the real ETH rally will start after a clean breach of the multi-year $4k resistance.
Over 1 million ETH have been withdrawn from exchanges in the past month, while data from Lookonchain reveals Ethereum treasury firms continue to accumulate. Sharplink Gaming added another $295 million worth of ETH, bringing its total position in the asset to $1.69 billion.
SharpLink(@SharpLinkGaming) bought another 77,210 $ETH($295M) and currently holds 438,017 $ETH($1.69B).https://t.co/143CVq5E6U pic.twitter.com/Oa4dQ9XFGF
— Lookonchain (@lookonchain) July 28, 2025
The spot Ethereum ETFs continue to record strong inflows, taking in nearly $5 billion over the past 16 days.
However, similar to Bitcoin, sidelined investors should FOMO buy ETH only when its price decisively breaches the $4k resistance to avoid any bull trap.
Crypto prices are seeing a pullback after the NY open on Monday. Nevertheless, altcoins like Optimism, SPX6900, Hyperliquid and Bonk are showing significant bull strength. Once the next leg of the crypto bull market starts, these could be among the top crypto performers.
New Presale Cryptos In High Demand As Well
Amid the broader bullish backdrop, smart money investors continue to invest in new presale cryptos.
For instance, TOKEN6900 (T6900) has raised over $1.3 million in its ongoing viral presale.
In a crowd of deceptive meme coins that are pushing fake utility, TOKEN6900 is powered by strong community support, anti-Wall Street spirit and the global love for memes. Much like SPX6900, it is also powered by the online banter surrounding the number “69”.
This is the formula for success in the meme coin sector. The biggest projects, including Dogecoin, Pepe and Fartcoin, are simply coins based on a popular meme. No utility, no AI.
Moreover, TOKEN6900 is a small-cap meme coin, with a $5 million hard cap on its presale. Unsurprisingly, smart money investors are among the early ICO buyers, with many eyeing anywhere between 100x and 1000x returns.
Similarly, a new BTC Layer-2 coin, Bitcoin Hyper (HYPER), has surged past the $5.5 million mark in its presale.
The strong demand for HYPER isn’t surprising. As such, Layer-2 coins have high upside potential, with the top projects often reaching multibillion-dollar valuations.
Moreover, smart money investors view L2 coins as beta bets on their respective Layer-1s. With the Bitcoin price expected to hit $200,000 this year, HYPER could be among the best low-cap investments for the ongoing bull run.
Much like TOKEN6900, prominent influencers are calling Bitcoin Hyper the next 100x crypto.
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