THE LATEST CRYPTO NEWS

The Ethereum Foundation has announced a significant shake-up in its leadership ranks, appointing two new co-executive directors as it embarks on a fresh strategic direction. Hsiao-Wei Wang and Tomasz Stańczak will jointly take the helm of the non-profit that stewards Ethereum’s development, replacing the sole executive role previously held by Aya Miyaguchi​. Related Reading: Solana Jumps 9% As Whales Quietly Accumulate Millions—Details On the other hand, Miyaguchi, who served as Executive Director for seven years, is transitioning to the newly created position of Foundation President​. This interesting change in leadership comes as Ethereum’s price continues to undergo a decline towards the $2,000 mark. Co-Executive Directors Take Helm Of The Ethereum Foundation Ethereum’s new leaders bring a blend of deep protocol expertise and industry experience. Hsiao-Wei Wang, a seven-year veteran of the Ethereum Foundation’s research team, was a key contributor to core initiatives like the Ethereum 2.0 beacon chain and sharding research. She also earned respect as a community builder by organizing Ethereum developer events in Taiwan. Tomasz Stańczak, meanwhile, is best known as the founder of Nethermind, one of Ethereum’s major software clients, which he grew from a small project into a global blockchain infrastructure company​. Stańczak’s expertise in engineering and talent development is expected to strengthen the Foundation’s technical teams, and he’s even in the process of stepping down as Nethermind’s CEO to focus on this new role​. This leadership restructuring is a shift from Ethereum’s earlier setup, where decision-making often centered on a few figures like Miyaguchi and even Ethereum creator Vitalik Buterin. Buterin, who had hinted that changes were coming, took to social media platform X to publicly congratulate Wang and Stańczak on their appointments. In practical terms, the new directors are expected to double down on technical R&D (like scaling improvements and protocol upgrades) and nurture the developer community, all while keeping Ethereum’s ethos of a permissionless and censorship-resistant financial platform intact. Price Action More Bearish Than Bullish Ethereum’s market performance has been on a full decline in recent weeks, which is an extension of its underperformance in the current market cycle. After a strong start to the year when the ETH price surged to about $3,700 in early January, the momentum has been of a decline for the past two months. Notably, ETH’s lack of a bullish price momentum has been aggravated by Bitcoin’s price crash in the past week, which has flowed into the altcoin market. This fall in the price of Ethereum has been accompanied by a decline in on-chain activity and sentiment reaching a 12-month low. Related Reading: Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes Transaction volumes in late February dropped about 15%, to roughly $12 billion per day, the lowest in two months, while the number of active Ethereum addresses fell by 10% over the same period​. At the time of writing, Ethereum is trading at $2,210 and is at risk of breaking below $2,200 this week.  Featured image from VOI, chart from TradingView

Ethereum is trading below the $2,300 mark after failing to hold key demand levels last week. The price has faced intense selling pressure, fueling concerns among investors that ETH may not see a strong bull market ahead. Market sentiment remains uncertain as Ethereum struggles to reclaim lost ground, with analysts divided on whether the correction will continue or if a recovery is on the horizon. Related Reading: Whales Add 190,000 Ethereum In The Last 24 Hours – The Accumulation Continues A technical perspective suggests that ETH may still have a chance to bounce back. Crypto analyst Ali Martinez shared an analysis on X, noting that if Ethereum holds above the $2,200 level, it could set up for a rebound toward $2,500. Martinez highlights that Ethereum is trading near a crucial support level, which historically has triggered strong upward moves. Bulls must defend the $2,200 mark to prevent further declines, while reclaiming $2,500 would signal strength and a potential trend reversal. However, continued weakness could lead to another wave of selling pressure, pushing ETH even lower. Investors remain cautious as they await confirmation of Ethereum’s next move in this volatile market. Ethereum Faces A Critical Test Ethereum has been struggling under heavy selling pressure and negative sentiment, leading to extreme speculative activity favoring bearish futures positions. The uncertainty surrounding ETH’s price action has fueled doubts about its ability to recover in the short term. Related Reading: Dogecoin Holds Critical Support Level – Can Bulls Reclaim $0.25? Since late December, Ethereum has lost 49% of its value, and investor sentiment remains in despair as the price fails to reclaim key resistance levels. Many traders have started to position themselves for further downside, reinforcing the bearish outlook in the market. However, some analysts still believe that Ethereum could soon stage a rapid recovery. Ethereum is approaching a critical inflection point where a decisive move could determine the asset’s next trend. This perspective aligns with the few optimistic analysts who argue that Ethereum’s rally, when it starts, will be aggressive. Historically, ETH has exhibited sharp rebounds following prolonged periods of downside pressure, and if the broader market conditions improve, the same could happen again. For now, investors remain cautious, closely watching Ethereum’s ability to defend the $2,200 support level and looking for signs of renewed strength. Price Struggles Below $2,500 Ethereum is trading at $2,222 after struggling for days to reclaim higher prices. The price has been under intense selling pressure, and investor sentiment remains bearish as ETH fails to establish a strong support zone. ETH bulls lost control last Monday when the price started to decline rapidly, leading to a sharp 26% correction in less than five days. This sell-off wiped out key support levels, leaving Ethereum in a vulnerable position. For Ethereum to regain momentum, bulls must push the price above the $2,500 level. Reclaiming this mark would signal strength and potentially trigger a recovery rally. However, without a strong push from buyers, ETH could remain stuck in a slow consolidation phase below $2,500. This would likely lead to prolonged indecision in the market, making it difficult for traders to establish clear positions. Related Reading: Is Solana In A Macro Trend Move? Charts Show Potential Shift If ETH fails to reclaim $2,500 soon, the market could see continued weakness, with sellers dominating price action. On the other hand, if Ethereum manages to hold above the $2,200 mark and build support, the possibility of a strong rebound remains on the table. The next few days will be crucial as investors watch for signs of a potential trend reversal or further downside movement. Featured image from Dall-E, chart from TradingView

The crypto market is facing intense fear, with many analysts speculating that a prolonged bear market could be on the horizon. Ethereum has been one of the hardest-hit assets, experiencing a massive decline of over 27% in less than five days. Investors are growing cautious as ETH struggles to hold key support levels, fueling uncertainty about its short-term direction. Related Reading: Is Solana In A Macro Trend Move? Charts Show Potential Shift Despite the widespread panic, large investors appear to be taking advantage of the dip. Data from Santiment reveals that whales have accumulated significant amounts of ETH in the last 24 hours, suggesting that institutional players and high-net-worth individuals are positioning for a potential recovery. Historically, such accumulation phases by big players have preceded strong reversals, indicating that smart money might be betting on an eventual rebound. While selling pressure remains high, this whale activity could provide a foundation for ETH to stabilize and regain lost ground. However, for a bullish recovery to take shape, Ethereum needs to reclaim crucial levels above $2,500. The next few days will be critical in determining whether ETH can bounce back or if the market will continue to slide further down. Ethereum Accumulation Signals Trust Ethereum is trading slightly above the most critical support level since December 2023, a price zone that could determine its short-term direction. Bulls must hold this level to prevent further declines and initiate a recovery phase, but selling pressure remains strong. Analysts are divided, with some expecting a prolonged bear market while others see potential for a rebound. Crypto expert Ali Martinez shared Santiment data on X, revealing that whales bought another 190,000 ETH in the last 24 hours. This adds to the broader trend of accumulation that has been ongoing for the past month. Historically, such whale activity signals confidence from large investors, who often accumulate at discounted prices before an uptrend resumes. If this trend continues, Ethereum could be setting up for a strong recovery rally. Related Reading: Dogecoin Open Interest Declines 67% In Three Months – Can Meme Coins Recover? However, bullish momentum remains uncertain. ETH needs to reclaim key levels above $2,500 to confirm a reversal, and failing to do so could lead to further corrections. The market is currently driven by fear and uncertainty, but the continuous whale accumulation suggests that smart money is positioning for future gains. The coming days will be crucial in determining whether Ethereum can bounce back or if the bearish trend will persist. ETH Testing Crucial Long-Term Demand Ethereum is trading at $2,220 after reaching its lowest level since late November 2023. The recent sell-off has pushed ETH below critical support zones, and bulls are struggling to regain control. The price is now below the 200-week exponential moving average (EMA) at around $2,290 and the 200-week moving average (MA) at around $2,480, signaling a bearish outlook unless a strong recovery takes place soon. For Ethereum to regain momentum, bulls must reclaim the $2,500 level in the coming days. A breakout above this level would signal renewed strength, potentially leading to a massive recovery rally as traders regain confidence. However, ETH remains under pressure, and failing to reclaim the $2,300 mark could confirm further declines. If this scenario unfolds, Ethereum could face a deeper correction toward the $2,000 psychological support, or even lower, depending on market sentiment. Related Reading: Ethereum Retraces To Critical Monthly Demand Level – Can ETH Hold Selling Pressure? With the market still dominated by fear and uncertainty, traders are watching key technical levels closely. If ETH can stabilize above $2,200 and push higher, a relief rally could be on the horizon. Otherwise, Ethereum could remain trapped in a prolonged downtrend, testing investor patience and market resilience. The next few days will be critical for ETH’s price action. Featured image from Dall-E, chart from TradingView

Ethereum has experienced a massive drop, losing over 27% of its value in less than five days as the market faces extreme fear and uncertainty. The rapid sell-off has fueled speculation that a bear market could be on the horizon, with many analysts calling for further downside in the coming months. Related Reading: Dogecoin Open Interest Declines 67% In Three Months – Can Meme Coins Recover? However, despite the overwhelming bearish sentiment, there is still a chance for Ethereum to recover as the price is now testing a crucial demand level. If bulls manage to hold this area, ETH could stage a strong rebound and shift momentum back in favor of buyers. Top analyst BigCheds shared a technical analysis on X, noting that ETH is reapproaching a critical monthly demand level, which could define Ethereum’s next major move. Historically, price reactions at this level have led to either a strong bounce or further capitulation, making the current market conditions a pivotal moment for Ethereum’s long-term trajectory. The next few days will be crucial as Ethereum attempts to stabilize and reclaim key price levels. If buyers step in aggressively, ETH could start a recovery rally, but failure to hold support may lead to further downside risks. Ethereum Struggles Below $2,200 Ethereum is trading below $2,200, struggling to regain momentum after a severe market-wide correction. The altcoin sector continues to bleed, and ETH has now lost nearly 50% of its value since peaking at $4,100 in mid-December. Bulls face a critical test as they must defend key demand levels to prevent further selling pressure and attract strong buying interest. Related Reading: Litecoin Holds Solid Structure Amid Market Breakdown – Analyst Forecasts A Big Move The situation is highly volatile, with market sentiment shifting toward extreme fear. Investors worry that Ethereum could continue its decline if bulls fail to hold support and initiate a meaningful recovery. Many analysts remain cautious, warning that ETH could enter a prolonged consolidation phase if it fails to regain lost ground. BigChed’s insights on X highlight that Ethereum is now re-approaching a key high-timeframe demand zone of around $2,000. According to Cheds, this is a must-hold level—losing this zone could trigger a deeper correction, while a strong defense could pave the way for a potential recovery rally. The next few days will be crucial for Ethereum. If bulls manage to reclaim $2,200 and push toward $2,500, a reversal could take place. However, failure to hold $2,000 could see ETH drop further, potentially testing lower demand zones in the coming weeks. Price Testing Demand – Can Bulls Regain Control? Ethereum is trading at $2,120 after enduring days of massive selling pressure that pushed the price to its lowest level in months. ETH is currently holding above a high-timeframe demand level around $2,000, a crucial zone that must be defended to avoid further downside. However, sentiment remains fragile, and if Ethereum fails to hold this level, it could trigger a dramatic sell-off leading to even lower prices. Bulls face an urgent challenge to regain control of price action. The $2,200 level now acts as the first key resistance, and a breakout above this mark would be the first step toward stabilization. Beyond that, ETH must push above $2,500 as soon as possible to confirm a potential trend reversal and signal the start of a recovery rally. Related Reading: Solana Transfer Volume Crashes To $14.5M – What’s Next for SOL? If bulls fail to hold the $2,000 support, Ethereum could face increased volatility and a steep decline, potentially testing lower demand zones. The next few trading sessions will be critical, as ETH’s ability to stay above key levels will determine whether the market stabilizes or enters a deeper correction phase in the coming weeks. Featured image from Dall-E, chart from TradingView

Amid the market retrace, Ethereum (ETH) has lost its key $2,600 support zone and fallen below the next crucial level. As the second-largest cryptocurrency by market capitalization attempts to hold its current range, some analysts predict a 6% drop could be coming. Related Reading: Solana Sentiment Hits 1-Year Low Amid Market Correction – Analyst Suggests Drop To $70 Ethereum Risks Fall To $2,180 Following the $1.5 billion hack of crypto exchange Bybit, the crypto industry experienced a market correction that sent most cryptocurrencies below their key support levels. Bitcoin’s price fell below the $90,000 mark for the first time since November. Meanwhile, Solana, one of the leading Altcoins of the cycle, dropped 30% in five days, hitting a five-month low. Nonetheless, Ethereum’s price held relatively well compared to most cryptocurrencies despite accounting for $1.2 billion of the assets stolen in the hack. The “King of Altcoins” initially dropped 10%, staying around its pre-Bybit hack levels over the weekend, but failed to sustain the $2,600 support after the market crash resumed on Monday. Crypto analyst Ali Martinez had previously warned that this level was key for cryptocurrency’s bullish trend continuation, and failing to hold this support zone would send the price to the $2,4000 mark. After the drop, the analyst stated that the $2,425 level was Ethereum’s next most critical support zone, as 10.33 million wallets accumulated 63.43 million ETH. However, the cryptocurrency failed to hold this level on Wednesday, dropping to $2,300 in the past 24 hours. Martinez warned that Ethereum needs to hold the $2,345 support level now, where 2 million investors bought 58.88 million ETH. If it falls below this level, the millions of investors will be in the red numbers. Analyst Carl Runefelt also cautioned about ETH’s current levels, suggesting that Ethereum risked dropping another 6%. The analyst advised investors to monitor the bearish flag forming in Ethereum’s hourly chart for the past day, as it could send ETH’s price near the $2,000 support line. If the cryptocurrency fails to hold the $2,320-$2,330 level, Ethereum’s price targets a breakdown to $2,180. Short-Term Rally Or Sideways Move Coming? Crypto analyst Ted Pillows highlighted ETH’s bullish divergence in the 3-hour chart, suggesting that “a short-term rally towards $2,600-$2,700 looks possible.” However, he noted that the potential rebound could be a “dead at bounce.” Meanwhile, Altcoin Sherpa indicated that the cryptocurrency could move sideways for the next few months, pointing to ETH’s performance after losing the $2,900 support in August 2024. Ethereum moved within the $2,100-$2,800 price range from August to November 2024, with the second-largest crypto’s current price action starting to resemble last summer’s performance. Related Reading: Memecoin Scam Alert: Pump.Fun X Account Hacked, Promotes Fake PUMP Token Another market watcher also suggested that the King of Altcoins needs an extended re-accumulation period to attempt to reclaim the higher levels, as seen during the FTX collapse, 2023’s capitulation, and Summer 2024’s capitulation. Based on this, ETH could move within its current range for the next two to three months. Lastly, analyst Titan of Crypto pointed out a Wyckoff Check accumulation pattern in ETH’s weekly chart. He stated that Ethereum appears to retest its key level after a breakout to confirm the trend continuation. Per the post, if the $2,140 level holds, there’s a “potential spring and rally continuation.” As of this writing, Ethereum trades at $2,324, a 15% drop in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum price started a fresh decline from the $2,350 resistance zone. ETH is now consolidating losses and might extend losses toward the $2,000 support. Ethereum is facing an increase in selling below the $2,350 zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent recovery wave if it settles above $2,250 and $2,350. Ethereum Price Dips Further Ethereum price failed to clear the $2,450 resistance zone and started a fresh decline, like Bitcoin. ETH gained pace below the $2,350 and $2,320 support levels to move further in a bearish zone. The price declined over 5% and even traded below the $2,220 support zone. A low was formed at $2,123 and the price is now consolidating losses. It is showing many bearish signs below the 23.6% Fib retracement level of the downward wave from the $2,520 swing high to the $2,123 low. Ethereum price is now trading below $2,250 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $2,260 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,220 level. The first major resistance is near the $2,250 level or the trend line and the 50% Fib retracement level of the downward wave from the $2,520 swing high to the $2,123 low. The main resistance is now forming near $2,350. A clear move above the $2,360 resistance might send the price toward the $2,450 resistance. An upside break above the $2,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,250 resistance, it could start another decline. Initial support on the downside is near the $2,120 level. The first major support sits near the $2,050 zone. A clear move below the $2,050 support might push the price toward the $2,000 support. Any more losses might send the price toward the $1,880 support level in the near term. The next key support sits at $1,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,120 Major Resistance Level – $2,260

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Bitcoin (BTC) has experienced one of its largest price pullbacks in recent times, plunging from $96,131 on February 24 to a potential local bottom of $85,418 today. The decline triggered liquidations exceeding $1.5 billion, with the majority coming from long positions. Is It Time To Buy Bitcoin? The recent price action suggests that the crypto market is reacting to bleak macroeconomic conditions, driven by US President Donald Trump’s proposed trade tariffs and a hawkish stance from the US Federal Reserve (Fed).  The total crypto market cap has now fallen below $3 trillion for the first time since November 2024, signaling growing bearish sentiment around risk-on assets. Major altcoins like Ethereum (ETH) have fallen by more than 10% in the past week. Related Reading: As Bitcoin Sell Pressure Fades, Could A Local Bottom Be Forming? Analyst Explains However, despite yesterday’s downturn, overall sentiment toward the crypto market appears to be improving. In an X post, Andre Dragosch, European Head of Research at Bitwise, suggested that the worst may be over for BTC. Dragosch shared the following Cryptoasset Sentiment Index, which is flashing a strong contrarian buy signal for the flagship cryptocurrency. The analyst added: Wide-spread bearishness among flows, on-chain, and derivatives data implies that downside risks are fairly limited. Risk-reward appears to be quite favourable at these prices. To further illustrate the level of bearishness surrounding risk-on assets, Dragosch highlighted that US spot Bitcoin exchange-traded funds (ETFs) recorded their single largest daily net outflow on record yesterday. Data from SoSoValue supports this assessment. Additionally, the Crypto Fear & Greed Index remains in bearish territory. Dragosch noted that sentiment levels are “already as bearish as during the macro capitulation last August.” At that time, BTC made a local bottom at $49,000 before rallying to multiple new all-time highs (ATHs). On a more optimistic note, on-chain data indicates that crypto whales are capitalizing on market uncertainty. According to crypto analyst Ali Martinez, long-term holders have accumulated nearly 20,400 BTC following the recent sell-off. Strategy Falls With BTC Crash In line with BTC’s decline, Strategy stock MSTR has also suffered, plummeting 55% from its peak of $543 in November 2024. At the time of writing, MSTR trades at $249, down approximately 29% over the past month. Despite the overall bearish sentiment, recent analysis comparing BTC’s returns to other assets, such as gold and stocks, shows that while Bitcoin’s cumulative annual growth rate has slowed in recent years, it continues to outperform traditional asset classes significantly. Related Reading: Is Bitcoin Showing Early Signs Of Bullish Divergence? Analyst Explains However, not all analysts share Dragosch’s optimism. In stark contrast, Standard Chartered recently warned that BTC may face further downside before resuming its bullish trajectory. At press time, BTC trades at $87,086, down 1% in the past 24 hours. Featured image from Unsplash, Charts from X, Yahoo! Finance and TradingView.com

Ethereum price started a fresh decline from the $2,450 resistance zone. ETH is now consolidating losses and might face hurdles near $2,400 and $2,450. Ethereum is facing an increase in selling below the $2,450 zone. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,390 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,400 and $2,500. Ethereum Price Extends Losses Ethereum price failed to clear the $2,550 resistance zone and started a fresh decline, like Bitcoin. ETH gained pace below the $2,500 and $2,450 support levels to move further in a bearish zone. The price declined over 5% and even traded below the $2,320 support zone. A low was formed at $2,251 and the price is now consolidating losses. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the $2,519 swing high to the $2,251 low. Ethereum price is now trading below $2,450 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $2,390 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,380 level or the 50% Fib retracement level of the downward move from the $2,519 swing high to the $2,251 low. The first major resistance is near the $2,420 level.  The main resistance is now forming near $2,450. A clear move above the $2,450 resistance might send the price toward the $2,500 resistance. An upside break above the $2,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,620 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,500 resistance, it could start another decline. Initial support on the downside is near the $2,315 level. The first major support sits near the $2,250 zone. A clear move below the $2,250 support might push the price toward the $2,200 support. Any more losses might send the price toward the $2,120 support level in the near term. The next key support sits at $2,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,250 Major Resistance Level – $2,500

The crypto market is experiencing a significant upheaval, with a staggering $300 billion erased in just 24 hours. This massive sell-off has raised concerns among investors, prompting analysts to explore the underlying causes of this dramatic decline. Bitcoin And Ethereum Plummet According to insights from the Kobelsi Letter, a global commentator on capital markets, the frequency of “flash crashes” in the crypto sector has surged since January. These rapid price declines can occur without major bearish news, leaving investors puzzled about the sudden volatility. The recent downturn began with Bitcoin (BTC), which initially fell below $95,000. However, a sharp drop from $95,000 to $90,000 within just 30 minutes early in the morning served as a wake-up call for traders.  Ethereum (ETH) has fared even worse, experiencing a staggering 37% drop over 60 hours on February 2nd, despite trade war headlines that had already been priced into the market. Related Reading: Why Ethereum Is A Must-Watch: Expert Analysis Highlights 4 Strong Bullish Indicators One of the critical factors contributing to this crypto volatility, according to the analysts, is the drastic shift in liquidity and short positioning in Ethereum. In a single week, short positions surged by 40%, and since November 2024, they have skyrocketed by 500%.  This unprecedented level of shorting by Wall Street hedge funds has created a precarious situation for Ethereum, which is now valued at approximately $300 billion. As institutional investors increasingly short Ethereum, many have turned their attention to Bitcoin, creating a stark contrast in market dynamics. While retail interest in Bitcoin has waned, driven partly by a surge in memecoins, institutional capital continues to flow into Bitcoin, exacerbating the volatility in altcoins like Solana. Retail Vs Institutional Investors Amid Crypto Volatility Kobelsi further highlights that the current market environment is characterized by a polarization between retail and institutional investors. As liquidity decreases, price movements become increasingly erratic. This has resulted in significant “air pockets,” where sentiment can shift dramatically, leading to rapid price changes. Recent sentiment analysis reveals that the crypto market is experiencing its lowest levels of enthusiasm for 2024. The Crypto Fear and Greed Index, which previously indicated a state of greed, has now dropped to a fear level of 29%. Such shifts in sentiment often precede flash crashes, as traders react to the changing landscape. Related Reading: XRP Price Continuation After Crash Below $2.4? New Targets Emerge Adding to the complexity of the situation, public figures like Eric Trump have been vocal about their views on the largest crypto assets, Bitcoin and Ethereum. Trump has suggested that these price dips present buying opportunities, a perspective that may influence retail investors’ behavior. Furthermore, companies like MicroStrategy have also impacted the crypto market dynamics. Despite a 45% drop in its stock since its November 20th peak, MicroStrategy continues to accumulate Bitcoin through convertible note offerings, reinforcing its commitment to the crypto and potentially influencing market sentiment. So far, Ethereum has managed to regain the $2,500 level after falling below $2,300 on Tuesday, recording losses of 7% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com 

The crypto market has experienced an unprecedented surge in volatility, with established coins like Bitcoin and Ethereum facing extreme price swings. Since January, the frequency of flash crashes has risen sharply, erasing billions from the market. A crypto analyst has suggested that these flash crashes have been driven by several factors, providing a detailed insight into what’s really going on in the market.  Why Flash Crashes Are Occurring In The Crypto Market A crypto analyst known as ‘The Kobeissi Letter’ has shed light on the recent market crash and why top coins are falling drastically. The analyst revealed that the increasing number of flash crashes has resulted in over $300 billion being removed from the market in just 24 hours.  Related Reading: Crypto Liquidations Cross $2.22 Billion, Here’s How Much Dogecoin Traders Lost He disclosed that on the previous day, the market began selling off, with Bitcoin dropping below the $95,000 mark. Between 1:45 AM ET and 2:15 AM ET, the cryptocurrency had one of the most shocking crashes, falling by $5,000 in mere minutes.  Ethereum, the second largest cryptocurrency after Bitcoin, had it even worse. The altcoin experienced massive liquidations that contributed to a 37% price crash on February 2, fueled by trade war headlines.  The Kobeissi Letter has revealed that the key factor behind these dramatic flash crashes is the growing divide between institutional and retail investors. Wall Street Hedge funds have increased their short positions on Ethereum by 500% since November 2024, marking a historic level of institutional bearishness toward Ethereum. Short positioning in Ethereum has also increased by over 40% in just one week. Moreover, Ethereum’s price is down by approximately 40% since December 2024, while Bitcoin has fallen by 15%.  On the other hand, institutions have continued to accumulate Bitcoin, while retail investors have poured capital into smaller altcoins like Solana, creating extreme volatility in these assets. This “polarization,” as the analyst calls it, has led to the formation of “air pockets” in liquidity. As a result, when a sell-off starts, it triggers cascading liquidations, amplifying market instability and price crashes.  The analyst has also pinpointed that this polarization phenomenon works in the opposite direction, as the market can experience rapid recovery, leading to billions added to its market cap within hours.  Shifts In Sentiment And Political Influence Contribute To Market Crash The Kobeissi Letter revealed that the Fear and Greed Index has fallen from a bullish stance just weeks ago to 29% extreme Fear, underscoring the speed at which the market’s sentiment is changing to the negative. The analyst suggests that the extreme positioning in the crypto market is leading to these increasing flash crashes, making crypto significantly unpredictable.  Related Reading: Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News? Adding to the turbulence, the analyst revealed that political and corporate influences have been dictating the crypto market. He underscored that Eric Trump had publicly supported buying Bitcoin and Ethereum during dips, aligning with events like Ethereum’s February 3 recovery and Bitcoin’s rebound on February 25.  While the market experiences flash crashes and instability, MicroStrategy continues to accumulate Bitcoin. The analyst revealed that the company had also contributed to the polarization of Bitcoin due to its unending accumulation trend. While the company buys more Bitcoin, MSTR stocks continue to fall, marking a 45% decline from their high on November 20. Featured image from Unsplash, chart from Tradingview.com

As the broader cryptocurrency market grapples with significant downturns, Ethereum (ETH) and Solana (SOL) have emerged as some of the hardest-hit assets among the top ten digital currencies.  On top of that, recent allegations by market experts on social media suggest potential market manipulation by major players in the space, raising further concerns for investors. Ethereum Falls Below $2,600: Potential End To Altseason Over the past few days, on-chain data has surfaced, indicating large-scale selling of Ethereum and Solana tokens primarily by Binance (BNB), the world’s largest cryptocurrency exchange.  Market expert Crypto Rover highlighted that these sales, which occurred over a span of just 48 hours, have contributed to a staggering 7% drop in Ethereum and a 12% decline in Solana’s value. Related Reading: Bitcoin Crashes: Experts Warn Of 6-Month Slump To $73,000 Ethereum has now breached its critical support level of $2,600, a point that analysts like Ali Martinez caution could signal the end of the altcoin season if confirmed on higher time frames.  Martinez notes that the next significant threshold for the Ethereum holders is set at $2,300; falling below this level could jeopardize the psychologically crucial $2,000 mark. For Solana, the situation is similarly dire. The asset has retraced below its major support level at $150, settling around $140. This decline represents a considerable 51% gap from its all-time high of $293 reached in January. The bearish sentiment surrounding Solana is further underscored by a stark drop in network activity. Martinez pointed out that Solana’s active addresses have plummeted by 60%, falling from an impressive all-time high of 18.5 million in October to just 7.3 million. Market Manipulation Allegations Arise Amidst these troubling developments, voices within the crypto community are suggesting that the market turbulence may not be coincidental.  Experts like Marty Party have expressed concerns about the role of Binance, asserting that the exchange may have offloaded its holdings in Solana and Ethereum to cover fines imposed by the Department of Justice (DOJ) while also profiting from liquidating leveraged futures positions. Such actions have been characterized as “manipulative,” with Marty noting the timing of these sales. Doctor Profit, another market expert, also suggests that platforms like Bybit may have engaged in similar practices to recover “lost Ethereum” after its recent hack, fueling further speculation about the integrity of these exchanges. Critics argue that these “market maneuvers” are indicative of a broader pattern of manipulation, particularly aimed at triggering mass liquidations among long positions.  Related Reading: Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish Doctor Profit remarked on the apparent transparency of these manipulations, suggesting that market players are exploiting the naivety of average crypto investors. Given the current climate, there is a growing call within the crypto community to shift away from centralized exchanges and traditional financial structures.  Advocates like Doctor Profit are urging investors to embrace decentralized finance (DeFi) and monolithic networks, emphasizing the importance of self-custody and minimizing reliance on institutions that may be susceptible to manipulation. For now, Ethereum has managed to stabilize at $2,390, which is nearly 50% below the record high of $4,878 reached during the 2021 bull market. Featured image from DALL-E, chart from TradingView.com

Ethereum price started a fresh decline from the $2,550 resistance zone. ETH is down over 10% and now attempts a recovery wave from the $2,300 zone. Ethereum is facing an increase in selling below the $2,550 zone. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,500 and $2,550. Ethereum Price Dives Over 10% Ethereum price failed to clear the $2,650 resistance zone and started a fresh decline, like Bitcoin. ETH gained pace below the $2,620 and $2,550 support levels to enter a bearish zone. The price declined over 10% and even declined below the $2,500 support zone. A low was formed at $2,309 and the price is now consolidating losses. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the $2,855 swing high to the $2,309 low. Ethereum price is now trading below $2,550 and the 100-hourly Simple Moving Average. There is also a short-term bearish trend line forming with resistance at $2,500 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,500 level. The first major resistance is near the $2,580 level or the 50% Fib retracement level of the downward move from the $2,855 swing high to the $2,309 low. The main resistance is now forming near $2,650. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,850 resistance zone or even $2,920 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,580 resistance, it could start another decline. Initial support on the downside is near the $2,420 level. The first major support sits near the $2,350 zone. A clear move below the $2,350 support might push the price toward the $2,300 support. Any more losses might send the price toward the $2,200 support level in the near term. The next key support sits at $2,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,420 Major Resistance Level – $2,580

As the new week begins, Ethereum (ETH)—the second-largest cryptocurrency by market capitalization—has seen a significant decline, dropping nearly 10% below the critical support level of $2,500.  However, amidst this downturn, prominent crypto analyst Doctor Profit has identified four compelling bullish indicators that suggest Ethereum may be poised for a resurgence, potentially inching closer to its all-time high and even surpassing it. Key Indicators Signal A Bullish Turn In a recent post on X (formerly Twitter), Doctor Profit shared insights from a detailed long-term analysis of Ethereum. He emphasizes that this evaluation is not about short-term hype or quick profits but focuses on the upcoming months.  “Right now, ETH is the best opportunity in the market,” he stated, highlighting key indicators—technical, psychological, and on-chain—that support his bullish stance. Related Reading: Bitcoin Price Tumbles 5%—Key Support Levels in Focus Doctor Profit’s analysis is grounded in extensive price action data, with a focus on high-timeframe signals that typically indicate significant market moves. Here are the four major indicators he outlined: The 200-week Exponential Moving Average (EMA) has historically served as a critical support level for Ethereum. During past market downturns, such as the COVID crash in 2020 and the bear market in 2022, the price has quickly rebounded after dipping below this key threshold. Given that a few weeks ago, the price was merely 4% from this support, the risk-reward ratio for potential investment is compelling. Doctor Profit estimates a possible move toward the $8,000 to $10,000 range, representing an approximate 200% upside, while the worst-case scenario offers a mere 20% downside. Doctor Profit Sees Potential For Major Ethereum Price Surge The analyst further highlighted that ETH’s price has been trending within a long-term ascending channel, currently approaching its lower boundary—a historically favorable entry point for investors.  Doctor Profit anticipates a breakout from this channel in the coming months, targeting the $4,000 mark, a level that has faced multiple rejections.  However, the analyst assures that each failed attempt brings the Ethereum price closer to a definitive breakout, with potential targets reaching as high as $8,000 to $10,000. One of the most significant patterns currently forming is the weekly ascending triangle. This pattern has been consolidating since 2020, indicating a robust bullish setup.  Related Reading: Is Toncoin Building a Foundation for a Long-Term Comeback? Analyst Weighs In Doctor Profit notes that moves stemming from such patterns often lead to substantial price expansions, similar to recent trends observed in XRP. The implications of this formation suggest that Ethereum may be on the brink of a powerful upward movement. A substantial liquidity zone exists around the $4,000 region, aligning perfectly with both the anticipated breakout from the ascending channel and the ascending triangle.  This concentration of liquidity could facilitate a strong market response, according to the analyst, propelling Ethereum through this critical threshold and triggering a significant upward movement. Despite the current bearish sentiment surrounding Ethereum, characterized by retail disinterest and high fear, Doctor Profit emphasizes that institutional accumulation is on the rise.  Record inflows into Ethereum exchange-traded funds (ETFs) and significant on-chain withdrawals further indicate that larger investors are positioning themselves for future gains. ETH is currently trading at $2,420, down as much as 10% over the past 24 hours and over the past week.  Featured image from DALL-E, chart from TradingView.com

Ethereum (ETH) has plummeted 11.4% in the past 24 hours, reflecting a broader market downturn that saw Bitcoin (BTC) drop by 8%, XRP by 13.6%, and Solana (SOL) by 12.9%. Despite the sea of red, several leading voices—including CryptoQuant CEO Ki Young Ju—are calling for a more optimistic perspective on ETH. Time To Go Bullish On Ethereum Sharing his “bullish thoughts on ETH” via X, Ki Young Ju argued there has been “no significant sell pressure” despite the recent Bybit hack, pointing out that both on-chain and market data remain neutral. “Exchange selling takes time, and OTC offloads barely affect the price,” he added. He also emphasized Ethereum’s dominant share of the stablecoin market cap—currently around 56% and noted how potential regulatory shifts under the Trump administration, which is reportedly “easing crypto regs,” could spur further adoption of ETH-based stablecoins and smart contracts in 2025. Related Reading: Ethereum Must Hold This Key Level To Keep Altseason Hopes Alive, Analyst Explains Ju referenced additional catalysts, reminding followers that the ETH spot ETF “is already approved,” suggesting that a “Large Cap ETF altseason” might be on the horizon for Ethereum. He added, “BlackRock ETH spot ETF holdings increased 124% over the past three months.” Lastly, Ju highlighted growing whale accumulation: addresses holding 10,000 to 100,000 ETH have increased their balances by 24% over the past year, with the current price “nearing the cost basis of accumulating addresses.” However, Ju admitted he was “surprised” by what he sees as an overwhelmingly bearish mood on Crypto Twitter. “Wow, CT [Crypto Twitter] sentiment on ETH is extremely bearish. Let me know if you have any data-driven analysis to support your bearish thesis. Most bears seem to cite the dropping price itself as their reason for selling. Very interesting,” Ju remarked. On his alternative X account—under the handle @kate_young_ju—he reiterated that “whales are stacking ETH,” pointing to the current cost basis for these accumulating addresses at around $2,199, compared to the spot price hovering near $2,505. Ju is not alone in challenging the doom-and-gloom market narrative. AdrianoFeria.eth (@AdrianoFeria), an member of the ETH community, asserted that “the market is in the shitter” but urged investors to focus on high-level institutional and political signals favoring Ethereum. Related Reading: Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence He specifically cited reports of the US President and family purchasing “hundreds of millions of dollars worth of ETH,” the CEO of BlackRock’s endorsement of tokenization (and BlackRock’s own tokenized USD experiment on Ethereum), and Bybit’s need to buy large quantities of ETH to cover its hack—potentially fueling more demand. Feria also mentioned that Ken Griffin, the CEO of Citadel believes Ethereum could replace Bitcoin. For this community member, the fact that “everyone on CT is still taking a shit on ETH” only reinforces a contrarian bullish stance. Popular crypto analyst IncomeSharks (@IncomeSharks) weighed in by posting a chart showing another “red scary candle” but indicating a buy zone above $2,400. Meanwhile, Chris Burniske, partner at Placeholder VC, offered historical perspective, reminding followers of 2021’s mid-cycle drawdowns: BTC fell 56%, ETH 61%, SOL 67%, and many other assets 70-80%. According to Burniske, “you can come up with all the reasons for why this cycle is different, but the mid-bull reset we’re going through isn’t unprecedented. Those calling for a full blown bear are misguided.” At press time, ETH traded at $2.382. Featured image created with DALL.E, chart from TradingView.com

Ethereum’s price trajectory has taken a sharp downturn, with technical analysis showing a possible crash to $2,000. Crypto analyst SwallowAcademy pointed out on the TradingView platform that some bearish signals are forming in smaller timeframes, especially as buyers have failed to maintain a key support zone at $2,700. Notably, the broader market downturn over the past 24 hours has only strengthened the case for further declines for Ethereum. Ethereum Plunges Over 12% In 24 Hours As Market Suffers Steep Losses The crypto market has taken a heavy hit, with Bitcoin falling below major support at $90,000 and shedding 6.9% over the past 24 hours. An already struggling Ethereum has fared even worse, with its price plunging 12.6% in the same timeframe. Particularly, Ethereum broke below support levels at $2,600, $2,500, and $2,400 in quick succession.  Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 This steep decline has aligned with SwallowAcademy’s warning about Ethereum’s weakness on smaller timeframes, further lending weight to the possibility of a more profound drop to $2,000. SwallowAcademy had initially emphasized that Ethereum remained in a solid buying zone due to the presence of EMAs at the $2,700 support. However, with price action shifting, the analyst acknowledges that bearish pressure on lower timeframes could open the door for further declines. Interestingly, this Ethereum price crash in the past 24 hours came as a surprise, as bulls managed to hold above a key support level of $2,700 despite the fiasco of Bybit’s $1.5 billion hack that took place throughout the weekend.  Although the immediate fallout from the exchange’s hack appeared contained, the market now seems to be experiencing a delayed reaction, and fear is gradually setting in among investors. This growing uncertainty, combined with persistent outflows from crypto investment products, including Spot Bitcoin and Spot Ethereum funds, has added more downward pressure on Ethereum’s price. As it stands, the current Ethereum daily candle is firmly in the hands of sellers, with no signs of easing pressure. This is a significant change from the previously strong buying sentiment. Bearish Momentum Could Extend To $2,000 The weakening weekly candle has tipped the scales towards more declines than a bullish uptrend, though it is still early in the week to decide. cautions that it is still early in the week. Ethereum is already trading below the EMAs in the daily timeframe, so the crucial factor is whether it can hold above the EMAs in the weekly timeframe.  Related Reading: Is It Time To Give Up On Ethereum Below $4,000? Analyst Weighs The Facts If the current selling momentum continues and the price breaks below $2,200, the next major downside target is $2,000 before any notable bounce can occur.  At the time of writing, Ethereum is trading at $2,395 and is at the risk of more declines over the next 24 hours. Despite the sharp drop, the RSI has yet to reach oversold conditions, which means that sellers may still have room to push prices lower before exhaustion sets in. Featured image from Adobe Stock, chart from Tradingview.com

ETH needs to drop another 19% to trigger the first liquidation.

Ethereum price started a fresh decline from the $2,850 resistance zone. ETH is down over 10% and is struggling to stay above the $2,500 level. Ethereum is facing an increase in selling below the $2,650 zone. The price is trading below $2,750 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,600 and $2,650. Ethereum Price Takes A Hit Ethereum price failed to clear the $2,850 resistance zone and started a fresh decline, like Bitcoin. ETH gained pace below the $2,720 and $2,650 support levels to enter a bearish zone. The price declined over 10% and even declined below the $2,550 support zone. A low was formed at $2,458 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2,854 swing high to the $2,458 low. Ethereum price is now trading below $2,600 and the 100-hourly Simple Moving Average. There is also a short-term bearish trend line forming with resistance at $2,600 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,550 level. The first major resistance is near the $2,600 level. The main resistance is now forming near $2,650 or the 50% Fib retracement level of the downward move from the $2,854 swing high to the $2,458 low. A clear move above the $2,650 resistance might send the price toward the $2,750 resistance. An upside break above the $2,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,850 resistance zone or even $2,920 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,600 resistance, it could start another decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,450 zone. A clear move below the $2,450 support might push the price toward the $2,320 support. Any more losses might send the price toward the $2,250 support level in the near term. The next key support sits at $2,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,450 Major Resistance Level – $2,650

In an X post published today, crypto market analyst and commentator Ali Martinez highlighted a crucial Ethereum (ETH) price level that must hold to sustain hopes for an altseason. Martinez warned that losing this support could significantly derail any potential altcoin rally. Ethereum Must Defend Key Price Level  Ethereum, the second-largest digital asset by market cap, continues to trade in the mid-$2,000 range. At the time of writing, ETH is priced just below $2,700, offering bulls a glimmer of optimism for a potential breakout above the $3,000 resistance level. Related Reading: Ethereum Short Positions Surge 500% In 3 Months – What’s Behind The Bearish Sentiment? However, in his latest analysis, Martinez emphasized the $2,600 level as a critical price point for ETH. He added that if the digital asset falls below this level, then “altseason will be canceled.” The recent Bybit crypto exchange hack sent shockwaves across the cryptocurrency industry as hackers stole digital assets worth more than $1.4 billion. Notably, ETH accounted for the bulk of the stolen funds. Despite this, ETH held up relatively well compared to Bitcoin (BTC), according to fellow crypto analyst Daan Crypto Trades. The analyst pointed out that ETH’s ability to remain at essentially the same price level after such a massive hack is “interesting.” They added: To see ETH at basically the same level as before a $1B+ hack is pretty interesting. Would not be surprised it there’s indeed some entity buying back some of that lost ETH or people frontrunning such a thing. At some point the ETH likely has to get back somehow, whether it’s recovered or bought back. Otherwise there would not be a 100% cover of funds. Crypto analyst Ted echoed this sentiment in his own analysis of the Bybit hack. In an X post, he highlighted that not only did the hack fail to push ETH to new lows, but the cryptocurrency has already rebounded 35% from its bottom. Meanwhile, crypto trader Merlijn The Trader provided some hope for ETH bulls, sharing a three-week Ethereum chart that suggests ETH is poised to break out of a symmetrical triangle pattern for its “biggest bull run yet.” Altseason In Jeopardy? Seasoned crypto analyst Rekt Capital also weighed in, sharing a daily altcoin market cap chart that shows altcoins failing to close above key resistance levels, highlighted in red circles. They explained: Altcoin Market Cap is transitioning into this triangular market structure (blue). Alts will need to daily close above the blue lower high and then above black resistance to confirm a major trend shift. Related Reading: Ethereum Positioned For A ‘Major Move Upward’ In 2025, Analyst Forecasts That said, there may still be hope for an impending altseason led by Ethereum. A recent report found that ETH reserves on crypto exchanges are at a nine-year low, which could exacerbate supply scarcity and drive up prices. At press time, ETH trades at $2,671, down 5.2% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

Data shows that the cryptocurrency derivatives sector has seen a high amount of liquidation during the past day as Ethereum and other altcoins plunged. Altcoins Have Just Witnessed Massive Long Liquidations According to data from CoinGlass, liquidations have piled up on the cryptocurrency futures market in the last 24 hours. “Liquidation” here refers to the forceful closure that any open contract undergoes after it has accumulated losses of a certain degree. Related Reading: Is It Time To Buy XRP? TD Sequential Says Yes When a large amount of liquidations occur at once, the event is popularly known as a squeeze. The chances of a squeeze taking place come down to two factors. The first is naturally the volatility, as a larger swing in the price would mean a wider span of contracts gets pushed into the red. The other factor is leverage, a loan amount that derivatives market traders can opt to take against their initial collateral. Leverage is often many times the position itself, so the benefit of having it is that any profits earned are multiplied by the same factor. But as this also applies to losses, it’s easier to get liquidated with leverage if the bet doesn’t work out. In the cryptocurrency sector, assets can often be volatile and positions tend to be overleveraged, so a squeeze can occur from time to time. During the past day, the market has once again seen a surge in volatility, which has led to yet another liquidation squeeze. Here is a table that breaks down the relevant numbers related to this event: As is visible above, the cryptocurrency derivatives sector has registered a total of $268 million in liquidations during the last 24 hours. Out of these, $217 million of the positions involved were bullish bets. The long contract holders taking the brunt of the liquidations is naturally down to the fact that the altcoins have gone through a price crash inside this window. Now, here is a heatmap that displays how the contribution to the squeeze has looked from the individual assets: Generally, Bitcoin (BTC) tops this list, but it would appear that the number one cryptocurrency has failed to make even the top two this time around. This is due to the fact that the coin has seen relatively flat movement during this crash of the altcoins. Related Reading: Dogecoin Open Interest Plunges 58%: How Do Shiba Inu & Pepe Compare? Ethereum (ETH), the largest among the altcoins, has provided the largest share of liquidations at $56 million. Solana (SOL), which has faced the worst decline among the top 10 digital assets of 6%, has come second at $33 million. ETH Price Ethereum made some recovery during the weekend, but it seems the coin has already retraced those gains to start the new week as its price has gone down 4%, dropping to $2,700. Featured image from Dall-E, CoinGlass.com, chart from TradingView.com

Bybit CEO Ben Zhou confirmed that the exchange restored Ethereum (ETH) reserves following the recent $1.4 billion security breach. In a Feb. 24 post on X, Zhou announced that Bybit will soon release an updated proof-of-reserves report demonstrating that it now holds client assets 1:1. He stated: “Bybit has already fully closed the ETH gap, […]
The post Bybit restores Ethereum reserves following $1.4B breach, launches $140M bounty program appeared first on CryptoSlate.

Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase. Ethereum is still showing positive signs above the $2,680 zone. The price is trading above $2,750 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $2,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,850 and $2,880. Ethereum Price Eyes Fresh Increase Ethereum price remained supported above the $2,650 level and recently started a decent upward move, outperforming Bitcoin. ETH gained pace above the $2,750 and $2,850 resistance levels. The price even spiked toward $3,000 before the bears appeared. There was no upside continuation and the price corrected gains. There was a move below the $2,850 support. The price traded below the 50% Fib retracement level of the upward move from the $2,616 swing low to the $3,021 high. Ethereum price is now trading above $2,750 and the 100-hourly Simple Moving Average. There is also a short-term bullish trend line forming with support at $2,780 on the hourly chart of ETH/USD. It is close to the 61.8% Fib retracement level of the upward move from the $2,616 swing low to the $3,021 high. On the upside, the price seems to be facing hurdles near the $2,820 level. The first major resistance is near the $2,850 level. The main resistance is now forming near $2,880 or $2,920. A clear move above the $2,920 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,120 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,850 resistance, it could start another decline. Initial support on the downside is near the $2,780 level. The first major support sits near the $2,720 zone. A clear move below the $2,720 support might push the price toward the $2,650 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,720 Major Resistance Level – $2,850

The Ethereum price appeared to be finally gearing for a strong bullish breakout after multiple weeks of disappointing and sluggish action. However, this bullish dream ended almost immediately after it started as nearly $1.5 billion worth of ETH tokens were drained from the ByBit exchange. Ethereum, which traded as high as $2,840 earlier on Friday, February 21, dropped towards $2,600 on the back of news of the ByBit hack. Interestingly, recent on-chain data suggests that the altcoin’s price could still make its way to $4,000 before the end of this cycle. Could ETH Price Still Record A 60% Rally This Cycle? In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Crypto Sunmoon identified a particular bullish divergence that offers insight into the Ethereum price performance in the near future. This bullish observation is based on recent movements of ETH’s “taker buy/sell ratio” across all exchanges. Related Reading: Dogecoin Price On The Edge: Breakout Or Breakdown—What’s Next? This metric measures the taker buy and taker sell volumes for a specific cryptocurrency (Ethereum, in this case). When the taker buy/sell ratio is greater than one, it implies that the taker buy volume is higher than the taker sell volume. This is typically considered a bullish signal, indicating the willingness of investors to pay a higher price for an asset. On the contrary, a less-than-one taker buy/sell ratio indicates that sellers are overwhelming the buyers in the market. This scenario suggests that more sellers are willing to offload their assets at a lower price, signaling a bearish shift in investor sentiment. Crypto Sunmoon noted that the 100-day exponential moving average (EMA) of the Ethereum taker buy/sell ratio on all exchanges has been rising in recent weeks. The Ethereum price, on the other hand, has been declining since mid-December. According to the analyst, this divergence is positive, as it indicates that a bearish trend has ended and an upward trend could be starting. The last time this bullish divergence occurred, the Ethereum price traveled from beneath $2,500 to above $4,000 (over 60% rally). While investors would view a reclaim of $3,000 as a victory for Ethereum, history and this bullish divergence suggest that the altcoin’s price could still climb toward the $4,000 mark before the end of the current cycle. Ethereum Price At A Glance As of this writing, the price of Ethereum stands around $2,650, reflecting a nearly 4% decline in the past 24 hours. Related Reading: More Pain Ahead For Solana? Dangerous Price Drop To $125 Looms With This Support Retest Featured image from iStock, chart from TradingView

As the cycle progresses, many investors are awaiting the long-anticipated Altseason, with opinions split on whether it will happen. Several market watchers have affirmed that Altcoins (Alts) are getting ready for an explosive breakout, but others, including CryptoQuant’s CEO, have suggested a different outlook. Related Reading: Nansen’s Bitcoin On-Chain Analytics Reveal 42% Increase In BTC Transactions Few Cryptocurrencies To ‘Survive’ The Altseason On Friday, Ki Young Ju, CryptoQuant’s founder and CEO, affirmed that the Altseason has begun. In an X thread, Ju suggested that there will not be a direct Bitcoin-to-alt rotation this cycle, noting that “stablecoin holders are favoring” Altcoins. According to Ju, Bitcoin is no longer a quote cryptocurrency, adding that Bitcoin (BTC) Dominance doesn’t define the altseason anymore. In a December post, he explained that “Altcoins used to move together based on their correlation with BTC,” however, this pattern has now broken. Instead, he stated that trading volume is the metric that defines it, with Altcoins currently having 2.7x the volume of Bitcoin. Ju also considers this to be a very selective and challenging altseason, with only a few Altcoins with strong user cases and narratives expected to thrive. He added that, despite good market sentiment, there isn’t fresh liquidity, which “feels like a PvP fight over a fixed pie.” As a result, Altcoin battles “are getting fiercer,” and only a few are pumping this altseason and attracting new liquidity. Altcoin markets are currently a zero-sum PvP game. While Bitcoin has doubled its market cap, the alt market cap is still below its previous ATH, rotating among themselves without fresh capital inflows. Only a few Alts with strong use cases and narratives will survive. Altcoins Ready For Next Leg Up Trader Crypto Yoddha suggested that Altcoins are “ready for round 2” after its recent performance. According to the post, the crypto market, excluding BTC and ETH, is following 2020-2021’s playbook. During the last cycle, Altcoins experienced two legs towards its cycle top and all-time high (ATH) of $1.13 trillion. In the “first round,” they broke out from its accumulation period, seeing a small re-accumulation phase before surging to the previous top. After reclaiming this resistance level, Altcoins started “round two,” achieving various new highs before hitting a new cycle top. Yoddha pointed out that the market is finishing the first round, as it tested last cycle’s top during the post-election pump. Analyst Rekt Capital affirmed that the crypto market cap, excluding the top 10 tokens, “has completed the second part of its Double Bottom formation.” He explained that Altcoins had been consolidating between the $250 billion to $280 billion range since the February 3 correction. Related Reading: Ethereum To Move Sideways For 2-3 Months? Analyst Says Longer ETH Consolidation Is Needed Per the post, Alts must close above $280 billion and retest this level as support to confirm a breakout from its three-week resistance and attempt to reclaim the $300 billion mark. Similarly, analyst Carl Runefelt stated that Altcoins have a parabolic move after breaking out of its two-month descending channel. Alts saw a 120% climb after breaking out of a 2024 multi-month descending channel. Altcoins must reclaim the $300 billion resistance to break from this pattern. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum has yet to return to its all-time high for over three years, a stark contrast to Bitcoin, which has surged past many price levels in the current cycle. Despite being the second-largest cryptocurrency, Ethereum has struggled to keep up with the broader market even during price rallies. However, a new technical outlook suggests that Ethereum may soon break free from this underwhelming trend and push toward $4,867 based on a strong meeting of multiple technical indicators. Extremely Strong Support Shows Ethereum Breakout Is Close As revealed by a technical analyst on the TradingView platform, technical analysis of the Ethereum price poses a bullish outlook to finally break above its all-time high of $4,878. Ethereum is currently positioned at a key inflection point, where it is trading just above a multi-year support trendline. Notably, this trendline has acted as a solid foundation during previous downturns, allowing ETH to consistently rebound after touching this level. Given this historical precedent, the next expected move is another upward bounce, potentially setting the stage for a renewed bullish push. Related Reading: Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025 The strength of this support trendline is further reinforced by key Fibonacci levels, which have previously served as inflection points for Ethereum’s major rallies. At present, Ethereum is positioned around the 14.6% Fib retracement level from its break above $4,000 in September 2024, which is a zone that has historically caused reversals and strong bullish momentum. In addition to the Fibonacci level, Ethereum’s price structure is also currently supported by the monthly 55 Exponential Moving Average (EMA), which is typically known for marking long-term bullish trends. This adds weight to a bounce on the multi-year support trendline. Triangle Formation Confirms The Explosive Move The analyst also noted that ETH has been trading within a triangle pattern in a multi-month timeframe. Triangle patterns often signal a period of consolidation before a strong move in either direction and in Ethereum’s case, the supporting trendlines and Fibonacci levels suggest a higher probability of an upward breakout.  Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 The specific pattern forming on Ethereum’s chart is an ascending triangle, a bullish continuation pattern characterized by a rising lower trendline and a horizontal resistance zone. The upper resistance trendline for this formation sits around the $4,000 mark, a level that has proven difficult to breach three different times this cycle. However, the next try could cause a breakout if Ethereum continues to build on the growing bullish signals with the Fib level and the 50 EMA. Once Ethereum clears the ascending triangle’s upper resistance, the next primary price target would be around $4,867, its current all-time high. At the time of writing, Ethereum is trading at $2,760, up by 1.1% in the past 24 hours. Featured image from Ethereum, chart from Tradingview.com

The crypto exchange ByBit has been hacked, and roughly $1.5 billion in Ethereum (ETH) has been stolen — making this one of the biggest hacks in history. On Feb. 21, the crypto trading platform stated on social media platform X that it detected unauthorized activity involving one of its Ethereum cold wallets. According to the firm: “The incident occurred […]
The post ByBit suffers $1.5 billion Ethereum heist in cold wallet breach appeared first on CryptoSlate.

Ethereum has been attempting to reclaim the $2,800 level for days, but bears continue to apply selling pressure, keeping the price below this key resistance. Despite this, demand remains strong, with bulls successfully holding ETH above the crucial $2,600 support level. The short-term outlook for ETH remains uncertain, as investors speculate on whether the current consolidation phase will lead to a breakout or further declines. Related Reading: On-Chain Metrics Reveal The Most Critical Resistance For Bitcoin – Can BTC Break $97.5K? Despite this, there is a growing sentiment that Ethereum could soon recover. Top analyst Jelle shared a technical analysis on X, revealing that ETH recently took out the lows, retested the key trendline, bounced off key support, and held above the 200-week exponential moving average (EMA). According to Jelle, this confirms that the uptrend structure remains intact, suggesting that ETH still has bullish potential. While price action remains sluggish, Jelle’s analysis highlights that Ethereum is still holding critical levels, which could lead to a strong move upward. If ETH reclaims $2,800 in the coming days, momentum could build toward a push above $3,000. However, if selling pressure continues and ETH loses $2,600, a deeper retrace could be expected. For now, patience is key as Ethereum hovers near crucial technical levels. Ethereum Price Signals Potential Recovery Phase Ethereum has been attempting to reclaim the $2,800 level for the past few days, with bulls struggling to confirm a recovery rally into higher supply zones. Price action remains uncertain, as investors watch closely to see whether ETH can push past this resistance or if selling pressure will drive it lower. The ongoing volatility has kept traders on edge, with some fearing that Ethereum might continue to drop further, testing lower support levels before any potential recovery. Related Reading: Ethereum Could Target $3,000 Once It Breaks Current Supply Levels – Analyst Market sentiment remains divided, with one side expecting a prolonged consolidation or further correction, while the other believes ETH is on the verge of a breakout. Analysts suggest that Ethereum is at a critical juncture, and the coming days could define its short-term trajectory. Jelle’s technical analysis explains that ETH’s recent price action took out its previous lows, retesting the key trendline and holding above the 200-week exponential moving average (EMA) are all good signs. Jelle says the uptrend structure remains intact despite the slow price movement. He acknowledges that this may be one of the slowest uptrends Ethereum has ever experienced, but he still sees bullish momentum building. Jelle also doubts that bears will be able to defend the $4,000 level once more if Ethereum gains strength. As ETH continues to hold key support levels and attempts to reclaim the $2,800 mark, a breakout could lead to a significant rally in the coming weeks. Investors are advised to remain patient as Ethereum navigates this critical phase, with many closely watching for potential trend confirmation. ETH Testing Short-Term Supply Ethereum is trading at $2,805, attempting to hold this level and push higher to confirm a recovery rally. Bulls are trying to establish support at this key price zone, aiming to regain momentum after weeks of consolidation. The price is just 7% away from the critical $3,000 mark, which sits slightly above the 4-hour 200 Moving Average. A break above $2,950 and a successful hold above this level would likely trigger an aggressive bullish recovery, pushing ETH toward higher resistance levels. However, if Ethereum fails to hold above $2,800, the bullish momentum could weaken, leading to another round of selling pressure. In that case, ETH could drop back toward the $2,600 demand zone or even lower. This level has previously acted as strong support, and losing it could indicate further downside risks. Related Reading: Solana Sweeps Lows But Recovers – Can Bulls Reclaim $185 by Friday? For now, Ethereum remains at a pivotal point, where bulls must step up to maintain short-term strength. A breakout above resistance could fuel renewed optimism among investors, while failure to sustain current levels may lead to continued market uncertainty. All eyes are on ETH’s ability to reclaim and consolidate above key resistance levels to determine its next major move. Featured image from Dall-E, chart from TradingView

Ethereum price is showing positive signs above the $2,680 zone. ETH is gaining pace and an upside break above $2,755 could trigger bullish moves. Ethereum is still showing positive signs above the $2,650 zone. The price is trading above $2,720 and the 100-hourly Simple Moving Average. There is following a key rising channel with support at $2,725 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,755 and $2,800. Ethereum Price Eyes Upside Break Ethereum price remained supported above the $2,550 level and recently started a decent upward move, but it underperformed Bitcoin. ETH gained pace above the $2,650 and $2,660 resistance levels. The price even cleared the 50% Fib retracement level of the downward wave from the $2,845 swing high to the $2,604 low. There was also a move above the $2,720 resistance level. Besides, the price is following a key rising channel with support at $2,725 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,720 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,755 level. It is close to the 61.8% Fib retracement level of the downward wave from the $2,845 swing high to the $2,604 low. The first major resistance is near the $2,790 level. The main resistance is now forming near $2,800 or $2,820. A clear move above the $2,820 resistance might send the price toward the $2,880 resistance. An upside break above the $2,880 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,920 resistance zone or even $3,000 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,755 resistance, it could start another decline. Initial support on the downside is near the $2,720 level. The first major support sits near the $2,665 zone. A clear move below the $2,665 support might push the price toward the $2,620 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,720 Major Resistance Level – $2,755

Ethereum has experienced a prolonged consolidation below key resistance levels, struggling to find momentum as it continues to trade sideways. The price has been closing between $2,650 and $2,750 for the past week, creating uncertainty in the short term. With ETH facing selling pressure and unable to reclaim the $2,800 mark, investors are growing concerned about its ability to recover. Related Reading: Solana Sweeps Lows But Recovers – Can Bulls Reclaim $185 by Friday? Despite the recent choppy price action, some analysts believe Ethereum could be gearing up for a bullish move. Crypto expert Carl Runefelt shared a technical analysis on X, stating that Ethereum has been forming a bullish pattern on the daily time frame. If this pattern plays out, ETH could see a strong breakout in the coming days. Ethereum is holding at crucial demand levels, making the next move critical for its short-term direction. If buyers step in and reclaim the $2,800 level, it could signal a trend reversal and open the door for a rally above $3,000. However, failure to hold support could lead to further downside, increasing selling pressure. With uncertainty looming, traders are closely watching ETH’s price action for confirmation of its next move. Ethereum Consolidation Continues Ethereum investors are trying to stay calm amid ongoing volatility, but fear continues to grow that ETH could see further downside if it fails to reclaim key levels. The price remains stuck in a tight range, trading between crucial liquidity levels of short-term demand and supply. Market sentiment is divided—some investors anticipate a deeper correction and prolonged consolidation, while others believe Ethereum is on the verge of a recovery rally. Runefelt’s analysis on X states that Ethereum is forming a symmetrical triangle pattern and could break out “any hour now.” According to Runefelt, the target for this potential breakout is $3,055, a level that could serve as a turning point for ETH’s short-term trend. However, Ethereum must first reclaim the $2,800 mark and hold above it to confirm the start of a recovery phase. If Ethereum successfully breaks above this resistance, it could trigger a strong rally, pushing prices back toward the $3,000 level. On the other hand, failure to hold support could lead to another wave of selling pressure. With uncertainty looming, all eyes are on ETH as traders await confirmation of its next major move. Related Reading: Ethereum Holds Multi-Year Bullish Structure – Time For A Comeback? With Ethereum trading at a critical juncture, the coming days will be crucial in determining its short-term direction. If bulls sustain momentum and push the price above key resistance levels, confidence in a recovery rally will grow. Price Testing Short-Term Supply Ethereum is trading at $2,750 after nearly two weeks of struggling to reclaim the $2,700 level. While bulls have held above key support levels, ETH remains stuck below crucial resistance, making price direction uncertain. The most critical level that bulls must reclaim is the $2,800 mark, which has acted as a strong supply zone for weeks. If Ethereum closes above the $2,800 level and holds above it, bullish momentum could build up, leading to a breakout. The next major target would be the 200-day Moving Average, which sits around $2,930. A push above this moving average would signal strength and open the door for ETH to test the $3,000 mark. Related Reading: Bitcoin STH Realized Profit Reveals Strong Support Level – Time For A Breakout? However, if ETH fails to break above $2,800 and faces rejection, the market could see renewed selling pressure. This scenario would likely send ETH back toward the $2,600 level, testing lower demand zones. With Ethereum trading in a tightening range, a breakout or breakdown seems imminent. Bulls need to step up and reclaim lost ground quickly, or bears may take control and push ETH into lower price levels. The next few daily closes will be crucial in determining Ethereum’s short-term direction. Featured image from Dall-E, chart from TradingView

Ethereum (ETH) continues to trade in a tight consolidation range, keeping traders and investors on high alert for a potential breakout. The price has struggled to establish a clear trend, with bulls attempting to push higher while bears hold firm at key resistance levels. This prolonged phase of sideways movement suggests that ETH is gearing up for its next big move—but the direction remains uncertain. Periods of consolidation often act as a springboard for significant price swings, making it crucial to watch the key support and resistance zones closely. A breakout above resistance could ignite bullish momentum, while a drop below support might trigger a fresh wave of selling pressure. With market sentiment shifting and external factors influencing price action, Ethereum’s next move could be just around the corner. Current Price Action And Technical Indicators Ethereum’s price action remains in a consolidation phase, with neither bulls nor bears establishing a clear trend. The market is showing signs of reduced volatility, indicating a breakout may be on the horizon. ETH is trading within a defined range, testing key support and resistance levels that will determine its next move. Related Reading: Ethereum Fees Back To Lowest Since August: Is This Bullish? Technical indicators provide mixed signals. The Relative Strength Index (RSI) hovers near a neutral zone, suggesting neither overbought nor oversold conditions. Meanwhile, moving averages highlight key levels as ETH struggles to gain momentum above crucial resistance zones. Volume remains relatively low, signaling a lack of strong buying or selling pressure. With these indicators in focus, Ethereum’s next major move will likely depend on whether bulls can break resistance or if bears succeed in driving prices lower. Traders should keep a close watch on crucial levels to anticipate the direction of the next big price swing. Potential Scenarios For Ethereum: Bullish Surge vs. Bearish Breakdown As Ethereum continues its extended consolidation, the market braces for two possible outcomes: a bullish surge or a bearish breakdown. Both scenarios carry significant implications for traders and investors, making this a critical juncture for ETH’s price action. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum If buyers regain control and push ETH above the key $2,862 resistance level, a strong breakout is likely to occur. A surge in buying pressure alongside increasing volume, may trigger a rally toward the next major resistance zone at $3,051. More investors are expected to be drawn following a successful move past this level, reinforcing upward momentum. On the other hand, if selling pressure intensifies and Ethereum loses critical $2,518 support, a bearish breakdown could occur. This would open the door for a deeper retracement, testing lower demand zones.  A decline in volume on recovery attempts would indicate weak bullish interest, increasing the likelihood of further downside. In this case, Ethereum eyes lower support zones such as $2,160 before finding stability. Featured image from Unsplash, chart from Tradingview.com