Bitcoin Above $84,000, Ether Near $2,700

The move also came with signs of strength becoming crowded. Bitcoin’s relative strength index stood at 64.7 on Oct. 3, down from 76.7 two days earlier but still elevated, while its price sat near the upper half of the Bollinger Bands range. Ether’s RSI was 57.3, a more neutral reading but still consistent with constructive price action. In market terms, that leaves room for further gains, but not much margin for error if macro conditions sour or profit-taking accelerates.

The rotation was clearer in crypto-linked equities. Coinbase fell to $183.00 on Oct. 2 from $189.29 the day before, after a sharp intraday range, suggesting investors remain willing to trade the sector but are not yet buying the entire complex indiscriminately. That divergence matters because Coinbase often acts as a proxy for trading activity, retail appetite and exchange revenue expectations. If Bitcoin and Ether continue higher while Coinbase lags, it would imply more subdued expectations for transaction growth than for token prices themselves.

Adalytica’s Bitcoin Fear & Greed Index was at 84, or “Greed,” while its awareness gauge remained in “Fear,” a combination that points to strong enthusiasm but incomplete market conviction. That mix often appears late in short-term rallies: sentiment is hot, positioning is likely extended, and headlines can move prices quickly in either direction. The U.S. dollar signal in the same framework was in “Extreme Fear,” a backdrop that can support alternative assets, though not necessarily in a straight line.

For investors, the week’s message is less about a breakout than about the market’s ability to absorb volatility and keep the larger uptrend intact. Bulls can point to Bitcoin’s hold above both major moving averages, Ether’s steady recovery, and the persistence of positive sentiment. Bears will note elevated RSI readings, stretched sentiment and the absence of a clean catalyst beyond risk appetite. The next test is whether crypto can turn this technical resilience into durable inflows, or whether the latest advance simply leaves the market more exposed to the next macro wobble.