Ethereum ($ETH ) continued to slide, falling below the $2,500 level as broader market weakness weighed on crypto. At the time of writing, $ETH trades around $2,307, down more than 14%, pressured by ETF outflows, large whale transfers, and cascading liquidations.
Although some analysts are now floating sub-$2,000 targets, the current move appears driven by overall risk-off sentiment across markets, not a fundamental breakdown in Ethereum itself.
$BTC is holding around ~$74,600 following the sharp correction. Last week saw heavy selling pressure, with Bitcoin dropping roughly 20% in just seven days. This move flushed a large amount of long positions, and historically, such liquidation events often set the stage for a short-term relief bounce.
For today, I’m slightly biased toward longs, as upside liquidity remains attractive and price is currently sitting at a key support zone. That said, shorts are still on the table, which is why I’ve mapped out the major liquidity and resistance levels above.
My long trigger is a break in the H4 market structure, specifically a clean reclaim of the ~$79,388 resistance. If that level is reclaimed, I’ll target the next liquidity/resistance area around ~$84,635. However, ~$79,388 is also a potential short setup. A liquidity sweep followed by rejection would open the door for shorts targeting new lows.
I also pointed out higher-timeframe liquidity resting below the ~$74,450 low. On a retest of that area, I’ll look for high-probability reversal signals to build larger long positions. Given the size of the recent dump, early lower-timeframe bounces can be deceptive. Patience is key, let price settle, wait for confirmation, and then execute. Let’s see how the week unfolds.
What’s happening with ETH? Over the past three days, $ETH has underperformed the rest of the market, dropping roughly 6–7% more than BTC, SOL, and XRP.
You can see it clearly in the size of the red candles and on the ETH/BTC chart — Ethereum has been bleeding relative strength.
It makes you question whether there’s some $ETH , related overhang behind the scenes. A potential bankruptcy or forced selling from an entity tied to ETH (maybe something like Bitmine?) would explain why the selling pressure feels unusually heavy and why price isn’t bouncing at all.
BITCOIN HAD A TOUGH JANUARY — HISTORY FAVORS FEBRUARY When $BTC posts a weak or negative January, February has often brought a momentum shift. Not because of one big catalyst, but because early-year selling washes out excess leverage and resets market positioning.
That’s exactly what we just saw: . Leverage wiped out . Sentiment plunged into extreme fear . Positions fully reset
This doesn’t mean price immediately moons, it means the pressure dynamic changes. Rough starts rarely define the year for #bitcoin . More often, they lay the groundwork for what comes next.
$ETH remains in a clear downtrend after being rejected at the supply zone. Price attempted to consolidate but ultimately broke down with strong momentum, confirming seller dominance.
The next crucial level to watch is the major support zone below, where buyers could attempt a reaction. If that level gives way, further downside is likely.
For now, bearish momentum remains in control, and any short term bounce may face resistance on pullbacks.
Bitcoin ($BTC ) and Ethereum ($ETH ) stand as the foundation of the cryptocurrency market, shaping adoption, innovation, and investor confidence across digital assets.
Bitcoin (BTC): Digital Store of Value Bitcoin is designed as decentralized, scarce money with a fixed supply of 21 million coins. Its security and simplicity make it a hedge against inflation and financial uncertainty.
Ethereum (ETH): Smart Contract Engine Ethereum is a programmable blockchain powering DeFi, NFTs, and Web3. ETH is used for gas fees and staking, giving it strong utility-driven demand.
BTC vs ETH: Market Roles BTC leads market cycles and attracts institutions, while ETH thrives during innovation-led growth phases.
Conclusion
Together, Bitcoin provides monetary stability while Ethereum drives technological progress.
$ETH Let’s remember the recent whale liquidation happened right at Ethereum’s exact weekly double bottom.
Technical analysis doesn’t lie, and with the massive CME gap in play, I’ll be watching the $2,300 level to buy Ethereum when the market opens on Monday. #WhenWillBTCRebound #PreciousMetalsTurbulence
$ETH is currently trading near $2,300 and could remain range bound between $2,100 and $2,500 for a while. A clean break above this zone may open the door to a move toward $3,400.
If broader market conditions improve, higher targets like $3.5k, $3.9k, and even $4.4k come into play. On the downside, increased volatility could still drag $ETH back toward the $1,930 area.
Unfortunately for Bitcoin, the setup is unfolding exactly as expected. $BTC is on the verge of breaking down from the Macro Triangle, bringing it perilously close to entering the Bearish Acceleration phase of the ongoing bear market.
Binance’s order book data shows $1B worth of Bitcoin sold on an illiquid Saturday to trigger a Wyckoff pattern.
Yet, their wallet still holds 631k $BTC , indicating this was synthetic trading, spoofing and market manipulation using user funds rather than real on-chain Bitcoin.
My approach to $ETH mirrors how I size positions in fundamentally strong companies. I focus on adding heavily at or below the 200-week moving average, and that approach remains unchanged.
This has been our strategy since 2022, giving us a solid average entry price and allocation size. Keep in mind, $ETH hasn’t experienced its Cycle Wave 3 yet and it will. Currently, the 200 WMA sits at $2,450.
$BTC has entered its weekend liquidity phase. The range’s high and low levels are well defined, so we’ll likely see some sideways chop over the weekend.
There could be minor moves above or below the range, but nothing dramatic is expected. Strong, high volume moves will probably resume next week, just like me.
New week, and global liquidity is hitting fresh all time highs. M2 money supply in the US, China, EU, and Japan is finally rising, but $BTC and altcoins are plunging to new yearly lows. A curious divergence indeed.
$ETH is finally approaching my entry zone. Patience paid off. This move isn’t random: Market structure has already broken to the downside (MSS confirmed) Multiple supply zones above remain untested Downside expansion is doing what it does
best, forcing capitulation My chart read: Entry 1: ~$2,600 A reaction zone only. Expect a bounce, not a trend reversal. Entry 2: $2,380–$2,400
This is where real positioning begins. Where fear peaks and opportunity forms. Post-entry expectations: Volatility remains messy in the short term Bounces will be sharp but weak Most will exit on the first relief rally That’s usually when $ETH starts building its real base