Crypto market analysis: BTC, ETH, EGLD, ALGO and SUI – 20.04.2026

Bitcoin (BTC)

BTCUSD on the 4H timeframe is losing strength after rejecting from the upper boundary of an ascending channel, now testing a key support zone around 73,200 – 74,000 USD (67,344 – 68,080 EUR). The structure shows weakening bullish momentum, with lower highs forming near the top, and price drifting back toward mid-channel support.

If this support fails, it could trigger a breakdown from the ascending channel, opening downside targets toward 70,000 USD (64,400 EUR) and potentially 67,100 USD (61,732 EUR) as the next major liquidity zones.

For bulls, holding this level is critical to maintain the trend. Otherwise, this starts to look like a shift toward a deeper correction.

Ethereum (ETH)

ETHUSD on the 4H timeframe is showing clear weakness after rejecting from the top of the ascending channel, with bearish divergence on MACD confirming momentum loss. Price is now sitting at a key support zone around 2,250 – 2,270 USD (2,070 – 2,088 EUR), aligned with the lower trendline of the channel.

If this level breaks cleanly, it confirms a breakdown of the structure and likely pushes price toward 2,150 USD (1,978 EUR) and then 2,050 USD (1,886 EUR).

As long as support holds, a short-term bounce is possible, but the overall structure shifts bearish unless ETH quickly reclaims strength above mid-channel resistance.

MultiversX (EGLD)

EGLDUSD on the 1H timeframe is still trading inside a falling wedge, but price remains weak near the lower boundary after multiple rejections from the 4.20 USD (3.86 EUR) resistance.

The structure shows compression. While falling wedge patterns are typically bullish, there’s no confirmed breakout yet, and price continues to form lower highs.

A breakout above 4.20 USD (3.86 EUR) would trigger bullish continuation toward 4.38 USD (4.03 EUR) and 4.59 USD (4.22 EUR). Until then, the market remains in a corrective phase with downside risk toward the wedge lows.

Sui (SUI)

SUIUSD on the 4H timeframe shows clear breakdown risk from the ascending channel, with price already slipping into a key support zone around 0.915 – 0.935 USD (0.84 – 0.86 EUR).

The structure is weakening with lower highs forming. If this support fails, it confirms a shift from bullish continuation to a corrective move, with downside targets toward 0.87 USD (0.80 EUR) and potentially 0.82 USD (0.75 EUR).

Algorand (ALGO)

ALGOUSD on the 4H timeframe is forming a clear inverse cup & handle, with price currently sitting on a key support zone around 0.098 – 0.102 USD (0.09 EUR).

The rounded top followed by a weak handle suggests distribution and loss of bullish momentum. The structure is now at a critical level.

If support breaks, the pattern confirms and likely triggers continuation toward 0.089 USD (0.08 EUR) and then 0.081 USD (0.07 EUR).

Estimation (96H)

• BTCUSD: 1% – 2% – DOWN
  Rejection from resistance with liquidity below equal lows
• ETHUSD: 1% – 3% – DOWN
  Lower high structure with continued selling pressure
• EGLDUSD: 2% – 4% – DOWN
  Weak demand zone with continuation risk below support
• BNBUSD: 2% – 4% – DOWN
  Range breakdown with retest of supply zone
• SOLUSD: 2% – 4% – DOWN
  Bearish momentum building with support breakdown risk