Ether's price now trades below a trendline that starts from the low registered after the crash of Terra in 2022.
Ethereum has struggled to gain momentum, remaining stuck below critical resistance for over a year. Despite multiple attempts, the second-largest cryptocurrency by market capitalization has been unable to break through key technical levels since the beginning of this year. Related Reading: Bitcoin Slides After Trump Signs Strategic Reserve Executive Order Ethereum’s price action over the past two weeks has shown more weakness. An interesting analysis from analyst Tony “The Bull” Severino shows that the cryptocurrency recently failed to break above a resistance indicator and is now at risk of more catastrophic price drops. Ethereum Fails To Breach Long-Term Resistance Tony “The Bull” Severino, in a technical analysis shared on social media platform X, highlighted Ethereum’s persistent failure to overcome major resistance levels. He pointed out that Ethereum has been unable to tag the quarterly (three-month) Parabolic SAR despite more than a year of attempts. This indicator, often used to determine the direction of an asset’s trend, shows that Ethereum is locked in a prolonged struggle against resistance on a larger downtrend. “This feels like it sends a message — resistance won’t be broken,” the analyst said. Image From X: Tony “The Bull” Severino Adding to the failure to break resistance, Tony Severino also noted in another analysis that Ethereum has repeatedly faced rejection from the quarterly (3M) SuperTrend dynamic resistance, further solidifying the case that buyers have been unable to regain control. Image From X: Tony “The Bull” Severino A Monthly Close Below $2,100 Could Be Catastrophic Ethereum’s inability to sustain key price levels has been a dominant theme in the past six months. Interestingly, this inability was shown further in the past two weeks. After failing to hold above $2,800, the cryptocurrency has seen a steady drop, losing multiple support zones along the way. Currently, Ethereum is trading below $2,200, edging dangerously close to breaking below the crucial $2,100 threshold. A drop beneath this level is particularly concerning, not just because it signifies the loss of yet another psychological support but because technical indicators suggest that a monthly close below $2,100 could have severe consequences. One of the most significant warning signs comes from the quarterly Bollinger Bands indicator, which has tracked Ethereum’s price action since February 2022. According to this indicator, Ethereum has remained within a defined range, with the upper Bollinger Band currently positioned at $4,190 and the lower band at $2,098. The worrying part is that a monthly close below $2,100 would effectively translate to breaking beneath the lower Bollinger Band and removing a long-standing support level. Image From X: Tony “The Bull” Severino Related Reading: Could Cardano Be The Next Big Crypto Winner? Analyst Points To $2 Target At the time of writing, Ethereum is trading at $2,178, having gained 2.2% in the past 24 hours after starting the day at $2,120. Ethereum’s sentiment is now at its lowest level this year. The next few weeks will be crucial to see if Ethereum can reclaim lost ground and prevent a monthly close below $2,100. Featured image from Tech Magazine, chart from TradingView
Tony Severino, a prominent crypto analyst, has shared a new Bitcoin price forecast, suggesting that the pioneer cryptocurrency is on the verge of another major correction. The analyst suggested that the formation of a Lower Time Frame (LTF) Head and Shoulders pattern on the Bitcoin price chart is a potential confirmation of a crash to mid-$80,000. Bitcoin Price Projected To Crash To $83,600 The market’s recent downturn has negatively impacted Bitcoin’s value, prompting less-than-favorable predictions from top analysts. Severino posted on X (formerly Twitter) on March 6 that Bitcoin could soon experience another major pullback to new lows. Related Reading: Bitcoin Slides After Trump Signs Strategic Reserve Executive Order The analyst projected that Bitcoin could crash to $84,800 – $83,600. This bearish price outlook is supported by the recent formation of LTF Head and Shoulder pattern on the Bitcoin chart. A Head and Shoulder pattern is a technical analysis formation that usually indicates a potential reversal from bullish to bearish. It appears as three peaks on a price chart, with the middle peak, which is the head, being higher than the others (the shoulders). Notably, the Head and Shoulder pattern is considered one of the most recognizable patterns for projecting a downtrend in a cryptocurrency. In the case of Bitcoin, Severino’s chart illustrates a symmetrical triangle with an internal A-B-C-D-E wave-like structure. The black diagonal lines in the chart form the symmetrical triangle, which indicates lower highs and higher lows. Inside the triangle, red lines form the waves, suggesting that the Bitcoin price may be chopping sideways but with a bias towards completing the triangle. Due to the Head and Shoulder pattern formation, Bitcoin could see its price break down to the lower boundary of the triangle around the mid $80,000 region. This price crash would complete the D wave and possibly test the next critical support area. Once Bitcoin drops to this level, Severino predicts that it could bounce back to new highs. The chart shows that Bitcoin could rally toward the E wave in the triangle, which is positioned around the $90,000 price level. Furthermore, the analyst’s Bitcoin chart indicates another deeper pullback after this price rebound to $90,000. Toward the right side of the chart, an arrow points downwards, suggesting that after the final E wave rally, Bitcoin could drop down towards $83,600 to $80,200. Analyst Warns Of Bear Trap Before Bull Run Finale While many in the crypto market label this massive decline in the Bitcoin price as the beginning of the bear market, others believe that this price crash could be a mere bear trap. A market expert known as ’Crypto Caesar’ predicted that Bitcoin would be on the verge of its final bear trap before entering the last phase of this bull cycle. Related Reading: Dogecoin Analyst Predicts Massive Price Explosion—Is $6.24 Far-Fetched? This implies that Bitcoin is likely to face another sharp decline, shaking out weak hands before surging to a new all-time high. The analyst’s chart predicts that it could top out above $110,000, signaling the end of the bull market. Featured image from Pexels, chart from TradingView
Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance. SOL price started a fresh decline below the $165 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $155 zone. Solana Price Faces Hurdles Solana price struggled to clear the $180 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $162 and $150 support levels. It even dived below the $140 level. The recent low was formed at $132 before the price recovered some losses. It climbed above the $140 and $142 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. However, the bears were active near $152 and pushed the price lower. There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL/USD pair. Solana is now trading below $145 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $145 level. The next major resistance is near the $148 level. The main resistance could be $155 and the 50% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $175 level. More Losses in SOL? If SOL fails to rise above the $148 resistance, it could start another decline. Initial support on the downside is near the $136 zone. The first major support is near the $132 level. A break below the $132 level might send the price toward the $125 zone. If there is a close below the $125 support, the price could decline toward the $120 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $136 and $132. Major Resistance Levels – $148 and $155.
Ethereum (ETH), the second-largest cryptocurrency by market cap, is flashing multiple bullish signals that suggest a potential upside move. However, rising exchange reserves are tempering this optimism. Has Ethereum Formed A Local Bottom? Ethereum has dropped nearly 20% over the past two weeks, falling from approximately $2,805 on February 23 to just above $2,200 at the time of writing. This decline has wiped out $80 billion from ETH’s market cap. Related Reading: Ethereum Positioned For A ‘Major Move Upward’ In 2025, Analyst Forecasts Despite this sharp pullback, crypto analysts are pointing to several bullish indicators that could signal an impending price reversal. Crypto analyst Merlijn The Trader, for instance, has highlighted that ETH is following the Wyckoff Reaccumulation Pattern. For those unfamiliar, the Wyckoff Reaccumulation Pattern is a technical analysis method developed by Richard Wyckoff. In the context of ETH’s current price action, this pattern suggests that the asset may be entering an accumulation phase before a potential upward movement. The analyst further noted that the “spring phase” has just been triggered – indicating a possible bear trap where a brief dip below support levels misleads sellers, potentially setting the stage for a rally. A bounce from this level could see ETH climb to $4,000. In a separate X post, Merlijn The Trader also pointed to a bullish divergence in Ethereum’s 4-hour chart. According to the analyst, ETH’s next immediate target is $2,700 before moving higher. Fellow crypto analyst CryptoGoos echoed these sentiments. Beyond technical indicators, whale activity has added to the bullish sentiment surrounding ETH. In an X post, crypto analyst Ted noted: Ethereum whale bought 17,855 ETH worth $36,000,000 at an average price of $2,054. Total holding $2,530,000,000 Ethereum. You think this is going down? Think again. Rising Exchange Reserves May Spoil The Party On the bearish side, crypto analyst Ali Martinez pointed out that ETH reserves on exchanges have been steadily rising. Over the past two weeks, more than 610,000 ETH has been transferred to exchanges, which could increase selling pressure. Martinez’s analysis aligns with a recent report that found that despite ETH’s Relative Strength Index (RSI) being at a multi-year low, there could still be further downside in store for the digital currency. Related Reading: Ethereum Exchange Balances Drop To 9-Year Low – Time For A Major Price Move? Indeed, ETH has been marred by significant bearish sentiment due to its relatively weak price performance over the past two years compared to cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP. However, extreme bearish sentiment could act as a contrarian signal, setting the stage for a surprise rally. At press time, ETH trades at $2,200, up 6% in the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com
Signs of seller exhaustion at the 200-day SMA suggests scope for a price bounce.
The technical outlook has worsened for both BTC and Nasdaq.
Solana started a fresh decline from the $180 zone. SOL price is down over 20% and might struggle to recover above the $150 resistance. SOL price started a fresh decline below the $162 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $148 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $150 zone. Solana Price Dips Heavily Solana price struggled to clear the $180 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $165 and $155 support levels. It even dived below the $150 level. There was a break below a connecting bullish trend line with support at $148 on the hourly chart of the SOL/USD pair. The recent low was formed at $132 and the price is now consolidating losses with a bearish angle. Solana is now trading below $140 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $140 level. The next major resistance is near the $144 level or the 23.6% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. The main resistance could be $156 and the 50% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. A successful close above the $156 resistance zone could set the pace for another steady increase. The next key resistance is $165. Any more gains might send the price toward the $180 level. More Losses in SOL? If SOL fails to rise above the $148 resistance, it could start another decline. Initial support on the downside is near the $132 zone. The first major support is near the $125 level. A break below the $125 level might send the price toward the $120 zone. If there is a close below the $120 support, the price could decline toward the $102 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $132 and $125. Major Resistance Levels – $148 and $156.
"Historically, CME gaps are filled eventually," one analyst said.
Fibonacci retracement levels serve as potential areas from which prices resume the primary trend.
Solana started a fresh decline from the $162 zone. SOL price is down over 15% and might struggle to recover above the $150 resistance. SOL price started a fresh decline below the $162 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $150 zone. Solana Price Dips Sharply Solana price struggled to clear the $185 resistance and started a fresh decline, underperforming Bitcoin and Ethereum. SOL declined below the $162 and $150 support levels. It even dived below the $135 level. The recent low was formed at $131 and the price is now consolidating losses with a bearish angle. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the $173 swing high to the $131 swing low. Solana is now trading below $145 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $144 level. There is also a connecting bearish trend line forming with resistance at $144 on the hourly chart of the SOL/USD pair. The next major resistance is near the $150 level. The main resistance could be $152 and the 50% Fib retracement level of the downward move from the $173 swing high to the $131 swing low. A successful close above the $152 resistance zone could set the pace for another steady increase. The next key resistance is $160. Any more gains might send the price toward the $165 level. Another Decline in SOL? If SOL fails to rise above the $145 resistance, it could start another decline. Initial support on the downside is near the $141 zone. The first major support is near the $136 level. A break below the $136 level might send the price toward the $131 zone. If there is a close below the $125 support, the price could decline toward the $120 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $136 and $131. Major Resistance Levels – $145 and $152.
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
According to a recent post on X by crypto analyst Rekt Capital, Bitcoin (BTC) may finally be showing early signs of bullish divergence. If this pattern plays out, BTC could target the $101,000 level as its first milestone before moving higher. Bitcoin Showing Signs Of Bullish Divergence? Analyst Weighs In Since the beginning of February, the flagship cryptocurrency has endured multiple macroeconomic uncertainties, including US President Donald Trump’s proposed trade tariffs, the US Federal Reserve’s (Fed) hawkish statements, and the stock market downturn triggered by the release of China’s DeepSeek AI model. Related Reading: Bitcoin Slides To $94,000 After CPI Surprise – Will The Downtrend Continue? Despite these challenges, BTC has remained range-bound between $93,000 and $98,000. However, early signs of a potential bullish divergence are beginning to emerge. Rekt Capital pointed out BTC’s repeated failure to achieve a successful daily close above the $97,700 level, forcing it to find support around $93,000 at the lower end of its trading channel. While BTC continues to consolidate within this tight range, it is displaying a bullish divergence, as the cryptocurrency’s relative strength index (RSI) has formed a higher low on the daily chart. In this context, bullish divergence occurs when the price continues making lower lows while the RSI reverses course and forms a higher low. This momentum shift often signals an impending trend reversal, potentially propelling BTC toward the crucial $100,000 level. However, not all analysts are convinced that BTC is out of the woods just yet. Crypto analyst Merlijn The Trader shared his perspective on BTC’s price action, emphasizing how the top cryptocurrency recently touched the 100-day exponential moving average (EMA) at $93,500. They cautioned: Historically, closing below this level often means a drop to the 200EMA—currently at $86k. But until the daily 100EMA breaks, there’s no need for panic. Stay sharp, the market is at a pivotal point! Will BTC Fill The CME Gap? Meanwhile, crypto market analyst CryptoBullet pointed to a CME gap from November that BTC may need to fill before resuming its upward momentum. The analyst highlighted a double-top formation, which could lead BTC to retrace down to $76,000 to close the gap. Related Reading: Bitcoin Faces Persistent Resistance at $100K, Analyst Eyes Next Step For those unfamiliar, the “CME gap” refers to a price difference on CME’s Bitcoin futures chart that arises when trading pauses for the weekend while BTC continues moving on other exchanges. These gaps often attract price action, as traders anticipate a revisit due to liquidity, technical factors, and market psychology. On a more optimistic note, Bitwise executives maintain that Bitcoin currently offers a “generational opportunity” despite the ongoing global macroeconomic turmoil. At press time, BTC trades at $96,168, up 1.3% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Solana started a fresh decline from the $200 zone. SOL price is down over 10% and might even struggle to stay above the $175 support zone. SOL price started a fresh decline below the $200 and $185 levels against the US Dollar. The price is now trading below $185 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $182 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $185 zone. Solana Price Dips Further Solana price struggled to clear the $205 resistance and started a fresh decline, underperforming Bitcoin and Ethereum. SOL declined below the $200 and $192 support levels. It even dived below the $185 level. The recent low was formed at $174 and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $205 swing high to the $174 swing low. Solana is now trading below $185 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $182 level. There is also a connecting bearish trend line forming with resistance at $182 on the hourly chart of the SOL/USD pair. The next major resistance is near the $185 level. The main resistance could be $190 and the 50% Fib retracement level of the downward move from the $205 swing high to the $174 swing low. A successful close above the $190 resistance zone could set the pace for another steady increase. The next key resistance is $198. Any more gains might send the price toward the $205 level. Another Decline in SOL? If SOL fails to rise above the $185 resistance, it could start another decline. Initial support on the downside is near the $174 zone. The first major support is near the $170 level. A break below the $170 level might send the price toward the $165 zone. If there is a close below the $165 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $174 and $170. Major Resistance Levels – $182 and $185.
Solana started a fresh decline from the $210 zone. SOL price is consolidating and might aim for a fresh move above the $200 resistance zone. SOL price started a fresh decline below the $205 and $200 levels against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $198 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $200 zone. Solana Price Faces Hurdles Solana price struggled to clear the $210 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $202 and $200 support levels. It even dived below the $192 level. The recent low was formed at $188 before the price started a recovery wave. There was a move above the $190 and $192 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $209 swing high to the $188 swing low. However, the bears are active below the $200 level. They protected the 50% Fib retracement level of the downward move from the $209 swing high to the $188 swing low. Solana is now trading above $200 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $198 level. There is also a connecting bearish trend line forming with resistance at $198 on the hourly chart of the SOL/USD pair. The next major resistance is near the $200 level. The main resistance could be $202. A successful close above the $202 resistance zone could set the pace for another steady increase. The next key resistance is $210. Any more gains might send the price toward the $220 level. Another Decline in SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $194 zone. The first major support is near the $188 level. A break below the $188 level might send the price toward the $180 zone. If there is a close below the $180 support, the price could decline toward the $175 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $194 and $188. Major Resistance Levels – $200 and $202.
The renewed bearish signal on the key indicator is not an immediate threat to BTC, but Trump's tariff rhetoric could shake up the market.
Ether's price action mirrors the August bottom amid signs of strong dip demand for the second-largest cryptocurrency.
Solana started a fresh decline from the $220 zone. SOL price is consolidating and might face resistance near the $215 and $220 levels. SOL price started a fresh decline below the $215 and $212 levels against the US Dollar. The price is now trading below $212 and the 100-hourly simple moving average. There is a short-term declining channel or a bullish flag forming with resistance at $213 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $220 zone. Solana Price Faces Resistance Solana price struggled to clear the $250 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $220 and $200 support levels. It even dived below the $180 level. The recent low was formed at $175 before the price climbed and tested the $220 resistance. A high was formed at $220 and the price is now consolidating. There was a drop below the 23.6% Fib retracement level of the upward move from the $175 swing low to the $220 high. Solana is now trading below $220 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $212 level. There is also a short-term declining channel or a bullish flag forming with resistance at $213 on the hourly chart of the SOL/USD pair. The next major resistance is near the $215 level. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $250 level. Another Decline in SOL? If SOL fails to rise above the $215 resistance, it could start another decline. Initial support on the downside is near the $202 zone. The first major support is near the $198 level or the 50% Fib retracement level of the upward move from the $175 swing low to the $220 high. A break below the $198 level might send the price toward the $192 zone. If there is a close below the $192 support, the price could decline toward the $175 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $202 and $198. Major Resistance Levels – $215 and $220.
The XRP/BTC ratio is looking to move out of the volatility bands, signaling a bullish imbalance in the market.
According to crypto analyst Titan of Crypto, Ethereum (ETH) could be on the verge of a “major move upward” this year as it continues to form higher lows on the weekly chart. However, breaking through the persistent $4,000 resistance level remains a key hurdle for the cryptocurrency, before it goes on to create new highs. Ethereum On The Brink Of A Massive Rally? While frustration may be getting the better of ETH holders due to the digital asset’s below par price performance over the past two years, there could still be a chance to witness a complete turnaround in ETH’s price trajectory. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders In a post on X, Titan of Crypto shared the following ETH weekly chart, illustrating how the digital asset has been consistently forming higher lows since 2022. If ETH maintains this trend, it could soon break through the crucial $4,000 level and potentially set new all-time highs (ATH) later this year. The analyst also applied Fibonacci extensions to estimate potential price targets, with the most optimistic projections reaching as high as $13,000 in 2026. Crypto trader Ted shared a similar outlook on ETH’s price action. According to Ted, once ETH reclaims the $4,000 mark, it could soon surpass its previous ATH. He further predicted that ETH could surge to $9,000 within 3 to 4 months. Additionally, he noted that US President Donald Trump’s recent ETH purchases could provide further upside momentum for the digital asset. Indeed, Trump’s decentralized finance (DeFi) project dubbed World Liberty Financial (WLF) has been on an ETH buying spree. In December 2024, WLF bought 722 ETH, worth $2.5 million at the prevailing market price. Technical analysis trader Alex Clay also sees ETH’s current downtrend as a potential buying opportunity. Clay highlighted that ETH has not only completed its falling wedge pattern but also successfully defended the $3,000 support level. He added: Time to reverse the short-term trend! Send $ETH to $4,000, $4,500, $5,000. ETH: An Overcrowded Trade? While the above analyses may offer hope to ETH traders, seasoned crypto analyst Ali Martinez cautions that the bullish head-and-shoulder pattern on ETH’s daily chart could be turning into an overcrowded trade. He added: If the pattern holds, any dip to $2,900 could be a buying opportunity, but keep your stop-loss tight between $2,700 and $2,500. Related Reading: Ethereum Struggles As Bitcoin Dominance Pushes ETH/BTC Pair To 4-Year Low That said, crypto analyst Mister Crypto recently remarked that Ethereum has “likely bottomed out” and could be on the verge of a breakout to the upside. At press time, ETH trades at $3,095, down 2.2% in the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com
DOGE's price has lost key support levels this week, weakening the bullish case.
Solana started a fresh decline below the $250 support. SOL price is consolidating and might face resistance near the $235 and $242 levels. SOL price started a fresh decline below the $250 and $240 levels against the US Dollar. The price is now trading below $240 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $235 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $242 zone. Solana Price Dips Below $250 Solana price struggled to clear the $260 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $250 and $242 support levels. It even dived below the $230 level. The recent low was formed at $225 and the price is now consolidating losses. It climbed a few points above the $230 level. It cleared the 23.6% Fib retracement level of the downward move from the $244 swing high to the $225 low. Solana is now trading below $240 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $235 level or the 50% Fib retracement level of the downward move from the $244 swing high to the $225 low. There is also a key bearish trend line forming with resistance at $235 on the hourly chart of the SOL/USD pair. The next major resistance is near the $242 level. The main resistance could be $250. A successful close above the $250 resistance zone could set the pace for another steady increase. The next key resistance is $260. Any more gains might send the price toward the $275 level. Another Decline in SOL? If SOL fails to rise above the $235 resistance, it could start another decline. Initial support on the downside is near the $225 zone. The first major support is near the $222 level. A break below the $222 level might send the price toward the $212 zone. If there is a close below the $212 support, the price could decline toward the $200 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $225 and $222. Major Resistance Levels – $235 and $242.
BTC looks to be forming a double top bearish reversal pattern on the daily chart.
CME's denial of XRP futures contradicts the optimism seen earlier this month, as technicals point to weakening of the uptrend.
Monero has topped $200, confirming a bullish shift in market trend.
Solana started a fresh increase above the $240 resistance. SOL price is back above $2500 and might aim for a fresh increase above the $262 zone. SOL price started a fresh increase above the $240 and $250 levels against the US Dollar. The price is now trading above $250 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $245 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $262 zone. Solana Price Reclaims $250 Solana price formed a base above $225 and started a decent upward move, like Bitcoin and Ethereum. SOL was able to climb above the $235 and $240 resistance levels. There was a break above a key bearish trend line with resistance at $245 on the hourly chart of the SOL/USD pair. The pair even cleared the 50% Fib retracement level of the downward move from the $272 swing high to the $230 low. Solana is now trading above $250 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $262 level or the 76.4% Fib retracement level of the downward move from the $272 swing high to the $230 low. The next major resistance is near the $272 level. The main resistance could be $280. A successful close above the $280 resistance zone could set the pace for another steady increase. The next key resistance is $292. Any more gains might send the price toward the $300 level. Another Decline in SOL? If SOL fails to rise above the $262 resistance, it could start another decline. Initial support on the downside is near the $250 zone and the 100-hourly simple moving average. The first major support is near the $240 level. A break below the $240 level might send the price toward the $230 zone. If there is a close below the $230 support, the price could decline toward the $215 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $250 and $240. Major Resistance Levels – $262 and $272.
Solana started a decent increase above the $188 resistance. SOL price is back above $200 and might struggle to continue higher above $205. SOL price started a fresh increase above the $185 and $188 levels against the US Dollar. The price is now trading above $195 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $196 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $205 zone. Solana Price Reclaims $200 Solana price formed a base above $175 and started a decent upward move, like Bitcoin and Ethereum. SOL was able to climb above the $180 and $185 resistance levels. The bulls pushed it above the $188 resistance and then $200. A high was formed at $206 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $186 swing high to the $206 low. Solana is now trading above $195 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $196 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $205 level. The next major resistance is near the $212 level. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $245 level. Another Decline in SOL? If SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $196 zone and the trend line. The first major support is near the $190 level or the 76.4% Fib retracement level of the upward move from the $186 swing high to the $206 low. A break below the $190 level might send the price toward the $185 zone. If there is a close below the $185 support, the price could decline toward the $172 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $196 and $190. Major Resistance Levels – $205 and $212.
2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH’s potential to deliver outsized returns. Are Whales Losing Faith In Ethereum? While cryptocurrencies like Bitcoin […]
After surging past $90,000 for the first time on November 12, 2024, Bitcoin (BTC) has been trading within a broad range between $91,000 and $108,000. However, some analysts remain optimistic that BTC is poised to break out of this range to the upside following what they describe as a ‘final capitulation.’ Bitcoin Consolidation Nearing Its End? Crypto analyst Trader Tardigrade recently shared their analysis of Bitcoin’s price action on X. According to the analyst, BTC might be approaching a final capitulation before experiencing a significant breakout that could end its prolonged range-bound movement. The analyst commented: The current crypto market sentiment isn’t great. I’d actually welcome a downturn in the next couple of days to complete this price action. Bitcoin experienced a final capitulation at the 27th bar during consolidation in January 2024, just before a massive rebound. If history repeats, the final capitulation level will be reached today or tomorrow. After that, BTC will surge with a massive rebound. Related Reading: MARA CEO Advocates “Invest And Forget” Approach To Bitcoin, Citing Strong Historical Performance To support their prediction, Trader Tardigrade shared a chart comparing Bitcoin’s current price action with its behavior in January 2024. During that period, BTC consolidated for 53 days, underwent a final capitulation, and then rallied sharply, climbing from around $39,000 to as high as $71,000. Interestingly, Bitcoin’s current consolidation phase has already lasted over 50 days. If BTC follows its January 2024 pattern, the final capitulation could occur on January 13 or 14. Another crypto analyst, @CryptosBatman, pointed to tightening Bollinger Bands on Bitcoin’s three-day chart. They highlighted that the Bollinger Bandwidth has reached an extremely oversold level and remarked: Historically, such lows signal a local bottom. Remarkably, the bandwidth is now tighter than when Bitcoin was at $50K, suggesting the bottom might be very close. For the uninitiated, Bollinger Bandwidth is a metric derived from Bollinger Bands that measures the distance between the upper and lower bands relative to the moving average. It is often used to identify periods of low volatility, which can signal potential breakout opportunities. Crypto Analysts Foresee A Positive 2025 While Bitcoin’s ongoing consolidation phase might frustrate bulls, many analysts remain confident that digital assets will benefit from multiple favorable factors in the coming months. Related Reading: Trump-Fuelled Bitcoin Rally May Fade Ahead Of January FOMC Meeting: Report For instance, crypto entrepreneur Arthur Hayes recently predicted that BTC may rally in Q1 2025 on the back of the US Federal Reserve’s (Fed) decision to inject fresh liquidity into the US economy through money printing. Similarly, crypto analyst Dave The Wave has forecasted that BTC is likely to hit a peak during summer 2025. At press time, BTC trades at $96,424, up 4.9% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
After reaching a new all-time high (ATH) of over $108,000 in December 2024, Bitcoin (BTC) has declined more than 15%, currently trading in the low $90,000 range. While bulls fear a further drawdown to $85,000, some analysts remain optimistic, suggesting that the premier cryptocurrency could rebound and potentially top out in the summer of 2025. Bitcoin To Top In Summer 2025? According to crypto analyst Dave The Wave, BTC may peak in the summer of 2025, around the middle of the year. The analyst highlighted that Bitcoin’s price trajectory is likely to continue appreciating, as indicated by the 52-week simple moving average (SMA). Related Reading: Trump-Fuelled Bitcoin Rally May Fade Ahead Of January FOMC Meeting: Report Dave the Wave emphasized Bitcoin’s historical adherence to the logarithmic growth curve (LGC), a model that has successfully outlined BTC’s price movements over time. Notably, BTC tends to reach its peak when the 52-week SMA touches the midpoint of the LGC channel. The analyst explained: The suggestion of a mid year btc peak here: price has previously peaked when the one year moving average hits the midway mark of the LGC channel. For the uninitiated, the Bitcoin LGC is a model that tracks the cryptocurrency’s price over time on a logarithmic scale, smoothing out its extreme volatility to highlight long-term trends. It uses upper and lower bounds to indicate potential support and resistance levels, helping analysts predict future price movements within a broader growth trajectory. The following chart illustrates how BTC prices have historically peaked a few weeks or months before or after the 52-week SMA intersects the middle line of the LGC channel. For instance, BTC’s $69,000 ATH in November 2021 occurred months after the 52-week SMA signaled the potential peak in May of the same year. Based on this trend, Bitcoin could peak within a few months before or after the 52-week SMA crosses the LGC midpoint, which is currently projected to occur in July 2025. This prediction aligns with other forecasts that see BTC reaching $200,000 by mid-2025. Meanwhile, crypto analyst Bitcoin Munger has pointed to the substantial buy walls between the $85,000 and $92,000 price levels on Binance’s order books. The analyst expressed confidence that “$110,000 is coming either way,” regardless of whether BTC briefly dips into the mid-$80,000 range. Is The BTC Price Correction Nearing Its End? Crypto trader Rekt Capital believes Bitcoin may be nearing the end of its current price correction, which typically lasts 2–4 weeks. In an X post, the trader noted that since this correction is now in its fourth week, a rebound could be imminent. Related Reading: Bitcoin May Hit $1.5 Million By 2035 According To Metcalfe’s Law, Analyst Predicts Similarly, crypto investor Daan Crypto Trades compared the current BTC price action to the December 2023–January 2024 period. Using the same price fractal, Daan predicts that BTC could find support around $86,000 before recovering its losses and surging to a new ATH of approximately $110,000. That said, there are still concerns about a potential bearish head-and-shoulder pattern forming on the BTC chart, which may push its price all the way down to $80,000. At press time, BTC trades at $91,427, down 3.7% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com