Bitcoin (BTC-USD) and ethereum (ETH-USD) prices headed higher on Monday alongside the larger listed crypto firms, as some optimism returns to the market following weeks of heavy selling.

Bitcoin’s price hovered around $87,400, up 3.2% since the previous day of trade. Ethereum gained 3.7% to trade around the $2,080 mark.

“Bitcoin traded at its highest level in over two weeks in early trade,” said David Morrison, senior market analyst at Trade Nation. “Chart wise, it looks as if bitcoin has managed to consolidate and build a bit of a base to push higher.”

He added: “The daily MACD remains in negative territory but is indicating that momentum has room to the upside. It’s a similar story with Ether which is back above $2,000. But the big test is still to come with the next significant resistance coming in around $2,200.”

Still, month-on-month bitcoin’s price is down more than 4%, while ether is 17.2% lower.

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“No clear catalyst exists for an immediate parabolic rally; the risk-reward dynamic is shifting as selling pressure fades — something easily overlooked without closely monitoring daily developments,” said Markus Thielen, founder of 10x Research.

“Bitcoin ETF inflows resumed last week following a $10bn drop in open interest in BTC CME futures since the December FOMC meeting. With funding rates hovering near zero, these ETF inflows likely represent long-only capital that tends to be more stable.”

The rising crypto tide also buoyed larger listed crypto stocks. Exchange Coinbase (COIN) looks set to open 4.2% higher later on Monday. It’s still down just under a fifth of its value month-on-month, though.

Bitcoin stockpiler Microstrategy (MSTR) — now Strategy — was also trading 4.9% higher in premarket. The company has more than doubled its market cap over the last six months.

The moves come following an uneasy market which has been sensitive to political manoeuvring in the US.