Bitcoin bears are hammering into the $58,000 support level, which is highlighted in green on the daily chart. After BTC fell below $60,000 from a barrier near $64,000, the need to defend this anchor zone became apparent. For Ethereum to establish bullish control, a daily closing over $4,000 is required. More purchasers will enter the market from the sidelines at this point, hoping to get a taste of $4,400 and then $5,000.