Bitcoin, Ethereum rebound as crypto ETF outflows ease

Data through April 9, 2026, show Bitcoin and Ethereum beginning a tentative rebound after crypto ETF outflows that started in October bottomed in mid-February and shifted to slow inflows.

Crypto ETF flow trackers and price charts recorded the shift from outflows to gradual inflows, with Ethereum accounting for a large share of recent inflows.

Total crypto market capitalization posted higher lows since the mid-February trough and moved above its 50-day moving average and a 2026 downward trendline in recent sessions.

Bitcoin avoided completing a short-term head-and-shoulders pattern and formed a higher low before trading above a $70,000 pivot. Traders identified $72,700 as the next immediate resistance. A sustained push above roughly $76,100 would open the path to higher technical targets, while a slide below about $68,750 would increase the chances of further downside.

Ethereum has shown a steadier rebound and is testing the upper bound of its October downtrend. Its relative strength index has strengthened and price is tracking a rising short-term channel. A breakout above $2,300 would be treated by traders as confirmation of a new upside leg, with $2,600 and $3,000 listed as the next technical objectives.

OANDA analysis noted Bitcoin reached a 50% retracement from its record highs near $120,000 and that the network recently mined its 20 millionth coin. Market participants also cited reductions in activity by some large trading firms that had been associated with volatility.

OANDA market analyst Elior Manier recommended investors set defined entry and exit points and clear action criteria to prepare for trading opportunities. Manier also pointed out that while stock markets have recovered more than half of wartime losses, cryptocurrencies have not yet produced the same cross-asset leadership.

Analysts flagged headline developments, energy prices and shifts in global risk appetite as factors that could reverse early gains. They noted a more durable rally would require sustained ETF inflows, broader market participation and confirmed price breaks in both Bitcoin and Ethereum.