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Ethereum is still struggling after the initial market crash on October 10 that rocked the market. The subsequent market declines have pushed the largest altcoin by market cap toward $3,000, breaking below it for the first time at the start of the week. With the price looking to find support, there is the possibility of a dead count bounce happening that could see the price rise by more than 10%. However, with a dead count bounce being ultimately bearish, the target remains much lower. Why Ethereum Could Be Headed Lower Crypto analyst TradingShot, in a recent analysis, outlined how the Ethereum price looks to be caught in a bearish trend since early October. This had first begun after the altcoin put in a new all-time high just above $4,900 before being hit hard in th...

Michael Saylor’s Strategy, formerly known as MicroStrategy, has found itself significantly exposed to the ongoing downturn in the cryptocurrency market, which has seen more than $1 trillion in total market capitalization wiped out over the past month.  As the largest public holder of Bitcoin, with over 650,000 coins, the company is now facing the real threat of being removed from major benchmark indices, which have been crucial for its visibility in mainstream portfolios. Analysts Predict Major Impact On Strategy  According to a recent Bloomberg report, analysts at JPMorgan Chase have issued a warning that Saylor’s firm may lose its standing in key indices such as MSCI USA and the Nasdaq 100.  Related Reading: CEO Cuts Cardano Founder’s Bitcoin Price Forecast, Warns ...

Data shows the Bitcoin Mayer Multiple has declined to the lower bound of its range recently, which suggests a slowdown in momentum for BTC. Bitcoin Mayer Multiple Is Now Retesting Its Lower Bound As explained by on-chain analytics firm Glassnode in a new post on X, the Bitcoin Mayer Multiple has retraced to the lower bound of its long-term range. The “Mayer Multiple” refers to an indicator that keeps track of the ratio between the BTC spot price and its 200-day moving average (MA). Related Reading: Bitcoin Crash Dominated By US Selling, CryptoQuant Data Shows In technical analysis (TA), the 200-day MA is considered as a boundary between macro bullish and bearish trends. Whenever BTC is trading above this line, a bullish bias may be assumed to be in play. Similarly, t...

Bitcoin (BTC) experienced a slight rebound after reaching a near eight-month low of $87,500 on Wednesday. By Thursday, the leading crypto surged back toward $90,000. However, market expert Leshka warns that this brief increase may signal only the start of a new distribution phase for Bitcoin, as selling pressure continues to build. Possible Bottom Between $40,700 And $47,500 In a recent post on X (formerly Twitter), Leshka assessed Bitcoin’s position on the weekly chart, identifying critical demand zones between $40,700 and $47,500 that could take shape throughout 2026.  She suggested that these levels might represent the bottom for Bitcoin during the anticipated bear market. If such forecasts materialize, this could indicate price drops of 47% to 54% from current va...

A recent report discussed how Digital Asset Treasury (DAT) companies like BitMine and Strategy are sitting on billions of dollars of unrealized profits as Ethereum (ETH) and Bitcoin (BTC) lose crucial support levels. Related Reading: This Altcoin Soars 20% In One Day Following Major Saudi Arabia Partnership DATs To Face ‘Increasing Scrutiny’ On Thursday, crypto insights company 10x Research reported that the largest Ethereum Treasury company, BitMine Immersion Technologies, has a multi-billion-dollar paper loss after the ongoing market correction, which has sent ETH to multi-month lows. “Bitmine is now down more than $1,000 per ETH, implying about $3.7 billion in unrealized losses before even accounting for the hefty NAV [net asset value] premium public-market invest...

On-chain analytics firm CryptoQuant has revealed how selling from US Bitcoin investors has dominated during the recent market downturn. Bitcoin Coinbase Premium Gap Points To US Selloff In a new thread on X, CryptoQuant has talked about some key pieces of data related to the US-dominated Bitcoin selloff. The first indicator that CryptoQuant has shared is the “Coinbase Premium Gap,” which keeps track of the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Dogecoin’s Strongest Support Zone Revealed—Here’s The Level As the below chart shows, the 30-hour moving average (MA) value of this metric has plummeted into the red territory recently. A negative value on the Coinbase Premium Gap indicates that the asse...

Dogecoin started a fresh decline below the $0.1550 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1560. DOGE price started a fresh decline below the $0.150 level. The price is trading below the $0.150 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1550 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1550 and $0.1620. Dogecoin Price Dips Further Dogecoin price started a fresh decline after it closed below $0.1620, like Bitcoin and Ethereum. DOGE declined below the $0.160 and $0.1550 support levels. The price even traded below $0.150. A low was formed near $0.1448, and the price is now showing b...

Ryan Rasmussen, Head of Research at Bitwise, used a Yahoo Finance appearance to restate Bitwise’s view that Bitcoin is headed to $200,000 in 2026, while simultaneously characterizing the current sell-off as a maturing-market shakeout rather than a trend break. Is The Bottom In For Bitcoin? He opened with a near-term assessment that “we’re closer to the bottom here today than we have been for the past few weeks,” linking the drawdown to sharply risk-off conditions and to ETF-era flow dynamics. In his framing, Bitcoin “really was a leader of this risk-off move starting in mid-October,” and he expects it to “be a leader to the upside once things start to turn around,” adding that the market feels nearer to that inflection than it did “a week or two weeks ago.” When aske...

XRP price started a fresh decline below $2.050. The price is now struggling and faces resistance near the $2.050 pivot level. XRP price started a fresh decline below the $2.050 zone. The price is now trading below $2.050 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.080 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2.00. XRP Price Dips Further XRP price attempted a recovery wave above $2.120 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.050 and $2.020. There was a move below the $2.00 support level. A low was formed at $1.957, and the price is now consolidating losses below the 23...

Ethereum price failed to stay above $3,000 and tested $2,770. ETH is now attempting to recover but faces resistance near $2,880. Ethereum started a fresh decline after it failed to stay above $3,000. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,800 zone. Ethereum Price Dips Further Ethereum price failed to continue higher above $3,050 and started a fresh decline, like Bitcoin. ETH price dipped below $3,000 and entered a bearish zone. The decline gathered pace below $2,880 and the price dipped below $2,800. A low was formed at $2,770 and the price is now...