Ethereum is trading near critical technical support at $3,130, down 11% in 24 hours as analysts watch for a potential trend reversal. The cryptocurrency is testing the weekly 50 EMA, a level that previously acted as resistance for over a year. Market participants describe the current setup as ‘make or break’ for Ethereum’s near-term momentum, with the price action determining whether bullish structure remains intact or sellers regain control of the market.
about Ethereum Tests Key Support at $3,130 Amid Market PressureMerlijn The Trader
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Bitcoin Plunges Below $100K as Analysts Warn of Bear Market
Bitcoin has plunged below the critical $100,000 psychological support level for the second time this week, triggering alarm bells across cryptocurrency markets. The decline to $99,700 on Bitstamp follows repeated rejections at higher resistance levels and has prompted prominent analysts to issue stark warnings about potential bear market conditions. With over $700 million in liquidations and altcoins following Bitcoin’s downward trajectory, market sentiment has turned decisively negative as traders watch key technical levels for signs of either recovery or further deterioration.
about Bitcoin Plunges Below $100K as Analysts Warn of Bear MarketBitcoin’s Volatile Rollercoaster: $126K High to $103K Low
Bitcoin’s dramatic $23,000 collapse from its $126,000 all-time high to $103,500 has triggered intense debate among analysts about whether this represents a catastrophic market downturn or a strategic accumulation opportunity. The cryptocurrency’s violent price action throughout October and November has left traders divided between those seeing historical patterns repeating and others predicting further declines below the critical $100,000 psychological level.
about Bitcoin's Volatile Rollercoaster: $126K High to $103K LowEthereum Analysts Eye $8K Surge Despite Bearish Signals
Ethereum faces short-term bearish pressure with prices dropping 11% weekly, yet analysts see potential for a massive rally to $8,000. Key technical levels and on-chain metrics suggest this could be a critical accumulation zone. Market watchers are closely monitoring the $3,800 support level for signs of trend reversal.
about Ethereum Analysts Eye $8K Surge Despite Bearish SignalsFed Rate Cut Triggers $700M Crypto Liquidation Spree
The Federal Reserve’s widely anticipated 25 basis point interest rate cut triggered a massive crypto market selloff, defying conventional wisdom that such moves typically boost risk assets. Bitcoin plunged from $113,000 to $109,000 immediately following the FOMC announcement, sparking over $700 million in liquidations across the cryptocurrency space as altcoins followed Bitcoin’s lead in a dramatic market correction that left more than 151,000 traders wrecked.
about Fed Rate Cut Triggers $700M Crypto Liquidation SpreeEthereum Longs Surge as Insiders Bet $250M on ETH Rally
Ethereum is showing signs of a potential major breakout as high-profile traders place massive long bets totaling over $250 million. On-chain data reveals several smart money investors with perfect track records are aggressively positioning for an ETH rally, with one trader maintaining a 100% win rate while accumulating $131 million in ETH exposure. Technical analysis suggests Ethereum is approaching a crucial resistance zone between $4,000 and $4,100 that could determine its near-term trajectory, with multiple analysts believing ETH remains undervalued and could be on the verge of outperforming Bitcoin.
about Ethereum Longs Surge as Insiders Bet $250M on ETH RallyEthereum Still ‘Cheap’ as Rainbow Chart Signals More Upside
Ethereum continues to trade in the ‘Still Cheap’ zone according to the popular Rainbow Chart model, suggesting the cryptocurrency may have further room to run despite recent consolidation. Technical analysts point to a key breakout above long-term resistance and declining exchange balances as bullish signals for ETH’s medium-term prospects.
about Ethereum Still 'Cheap' as Rainbow Chart Signals More UpsideBitMine Buys $1.7B ETH Since Market Crash, Nears 5% Supply Goal
BitMine Immersion Technologies has executed its fourth major Ethereum purchase since October’s market downturn, acquiring $250 million in ETH this week alone. The aggressive accumulation strategy has seen the company purchase $1.74 billion worth of Ethereum since the market crash, bringing its total holdings to approximately 3.17 million ETH—representing about 2.6% of the entire Ethereum supply as it progresses toward its ambitious 5% target. Chairman Tom Lee remains bullish on the crypto cycle’s potential, confirming the company is preparing to launch its own Ethereum staking solution in the near future.
about BitMine Buys $1.7B ETH Since Market Crash, Nears 5% Supply GoalBitcoin Retests 50-Week SMA: Bull Run Signal or Trap?
Bitcoin has returned to its crucial 50-week Simple Moving Average, trading around $111,200 as traders watch this key technical level that has historically signaled major bull market rallies. While the 50-week SMA has served as reliable support since 2023, preceding previous rallies to new highs, market sentiment remains cautious following recent liquidations and political uncertainty. The cryptocurrency now faces critical resistance levels that could determine whether this retest marks the beginning of another sustained upward move or a potential bull trap.
about Bitcoin Retests 50-Week SMA: Bull Run Signal or Trap?Bollinger Signals Ethereum & Solana Price Explosion
Legendary analyst John Bollinger has identified potential reversal patterns in Ethereum and Solana charts, sparking excitement among crypto traders. His rare market call suggests both cryptocurrencies could be poised for significant breakouts. Technical analysts are projecting dramatic price targets following these bullish signals, with Ethereum potentially doubling in value and Solana targeting 30% gains.
about Bollinger Signals Ethereum & Solana Price Explosion