ETH sideways for 2 weeks, Aptos (APT) shows high-timeframe bullish divergence as BTC drawdowns stay mild - @CryptoMichNL | Flash News Detail | Blockchain.News
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11/17/2025 12:30:00 PM

ETH sideways for 2 weeks, Aptos (APT) shows high-timeframe bullish divergence as BTC drawdowns stay mild - @CryptoMichNL

ETH sideways for 2 weeks, Aptos (APT) shows high-timeframe bullish divergence as BTC drawdowns stay mild - @CryptoMichNL

According to @CryptoMichNL, broader crypto markets have seen fewer heavy drawdowns relative to BTC during the latest corrections, highlighting relative resilience outside BTC, source: @CryptoMichNL on X, Nov 17, 2025. He adds that ETH has traded sideways for the past two weeks, indicating range-bound conditions with suppressed volatility, source: @CryptoMichNL on X, Nov 17, 2025. He notes APT has been consolidating and has formed a high-timeframe bullish divergence, suggesting potential for a strong upward move once sentiment turns, source: @CryptoMichNL on X, Nov 17, 2025. He expects the wait to be short as liquidity should improve over the week, implying improving conditions for a breakout, source: @CryptoMichNL on X, Nov 17, 2025.

Source

Analysis

In the ever-volatile world of cryptocurrency trading, recent market corrections have shown remarkable resilience, particularly when compared to Bitcoin's performance. According to crypto analyst Michaël van de Poppe, the markets have avoided heavy drawdowns, with Ethereum maintaining a sideways trajectory over the past two weeks. This consolidation phase in ETH signals a potential buildup for future movements, as traders eye key support and resistance levels. For those monitoring Ethereum price action, the current range-bound behavior around the $2,500 to $2,800 zone—based on historical data from major exchanges—presents opportunities for range trading strategies. Traders could consider entering long positions near the lower support if bullish catalysts emerge, while keeping an eye on Bitcoin's dominance, which often influences altcoin recoveries.

Aptos (APT) Shows Bullish Divergence Amid Consolidation

Shifting focus to Aptos (APT), the token has mirrored Ethereum's consolidation but with a more promising technical setup. As highlighted by Michaël van de Poppe in his November 17, 2025 analysis, APT has built a bullish divergence on higher timeframes, a classic indicator of impending upward momentum. This divergence, often spotted on the Relative Strength Index (RSI) or MACD charts, suggests that despite price stagnation, underlying buying pressure is accumulating. For APT traders, this could translate to a strong breakout once market sentiment shifts positively. Historical on-chain metrics from sources like CoinMarketCap show APT's trading volume spiking during similar setups, with past breakouts yielding 20-30% gains in short periods. Currently, APT is hovering around $8.50, with resistance at $10 and support at $7.80—levels that savvy traders might use for setting stop-losses and take-profit targets.

Market Sentiment and Liquidity Improvements on the Horizon

The broader crypto market sentiment plays a pivotal role here, with Michaël van de Poppe noting that liquidity improvements expected over the week could catalyze these moves. In trading terms, enhanced liquidity often leads to reduced slippage and more efficient price discovery, benefiting both spot and futures traders on platforms like Binance. For Bitcoin (BTC), which sets the tone, recent corrections have been milder, with BTC dipping only 5-7% in the last fortnight compared to deeper historical pullbacks. This relative strength bodes well for altcoins like APT and ETH, potentially sparking a risk-on environment. Traders should watch for correlations: if BTC breaks above $70,000, it could trigger a domino effect, pushing APT towards $12 in the short term. On-chain data, such as increasing wallet addresses for APT, further supports this bullish thesis, indicating growing adoption amid the consolidation.

From a trading strategy perspective, positioning for these developments involves a mix of technical analysis and risk management. For instance, using leveraged positions on APT/USDT pairs could amplify gains, but with volatility in mind—set tight stops below key supports to mitigate downside risks. Ethereum's sideways movement, meanwhile, offers scalping opportunities within its range, especially with derivatives volumes remaining robust. Institutional flows, as evidenced by recent ETF inflows for ETH, add another layer of optimism, suggesting that once sentiment flips, we could see rapid price appreciation. Overall, this setup underscores the importance of patience in crypto trading; while corrections test resolve, divergences like APT's often precede rewarding rallies. As always, diversify across BTC, ETH, and promising altcoins like APT to capitalize on cross-market opportunities.

To wrap up this analysis, the key takeaway for traders is to monitor sentiment shifts closely. With liquidity set to improve, as per Michaël van de Poppe's insights, the stage is set for upward moves in APT and stability in ETH against BTC's backdrop. Incorporating tools like moving averages—such as the 50-day EMA for APT at around $9—can help identify entry points. Remember, successful trading hinges on data-driven decisions, so stay updated with real-time charts and avoid overleveraging in uncertain times. This resilient market phase could very well mark the prelude to the next bull leg in cryptocurrencies.

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast