Technical Analysis

Ethereum has declined beneath the $3,000 level, currently trading near $2,966 and recording approximately 17% in weekly losses. Technical indicators including RSI at 30 suggest oversold conditions, while the MACD remains bearish with widening negative momentum. Market analysts are divided on whether this represents a deeper correction or a potential setup for recovery.

Bitcoin dropped to the $92,500 range after breaking below the $93,000 support level that had held for several months. Technical indicators including the weekly SuperTrend, RSI, and MACD have all turned bearish, signaling potential further downside. Institutional selling has intensified, with BlackRock reportedly offloading BTC through its ETF, adding to downward pressure on the market.

Ethereum fell below $3,050 over the weekend before recovering to $3,190 on Monday. Analysts identify $3,650 as a critical breakout threshold, with warnings that failure to hold current support could drive ETH toward $2,800. Despite near-term weakness, industry observers compare Ethereum's current trajectory to Bitcoin's historical supercycle pattern.

Bitcoin dropped below $100,000 as exchange volumes fell to approximately $430 million from $1.3 billion on October 11, according to blockchain data. Market participants have observed persistent selling pressure without public disclosure, fueling speculation that a major holder may be reducing positions. CryptoQuant CEO Ki Young Ju suggests long-term holders are rotating assets to institutional investors rather than exiting entirely.

BitMEX co-founder Arthur Hayes attributes Bitcoin's 25% decline from its all-time high to contracting U.S. dollar liquidity rather than political factors. Hayes notes his proprietary USD Liquidity Index has fallen 10% since April, even as Bitcoin initially rallied 12% during the same period. He identifies spot Bitcoin ETF flows and basis trades as temporary factors that masked underlying macroeconomic weakness.

Bitcoin dropped approximately 13% over the past week as rate-cut expectations shifted and exchange-traded fund outflows accelerated. Only four tokens among the top 50 by market capitalization posted gains during this period. Zcash, Monero, Uniswap, and ASTER outperformed through asset-specific catalysts that offset broader macroeconomic pressure.

Bitcoin and Ethereum are trading in negative territory for 2025 with six weeks left in the year. The two largest cryptocurrencies by market capitalization are leading a broader market decline that positions crypto among the poorest-performing asset classes. Without a significant catalyst, digital assets may finish 2025 behind traditional equity markets and money market instruments in total returns.

Solana trades at $142.27, up 0.79% daily but down 16% weekly, as traders assess reversal signals near critical support. A TD Sequential buy signal on the 12-hour chart suggests potential exhaustion, according to Ali Martinez. Analysts monitor the $142 breakout level and $127 support threshold for directional confirmation.

Bitcoin fell to $93,000 on Sunday, its lowest level since May, as the cryptocurrency market saw $619 million in liquidations over 24 hours. The Crypto Fear & Greed Index dropped below 10, entering extreme fear territory. Analysts cite liquidity pressures and delayed government payments as primary drivers of the selloff.

Bitcoin is experiencing downward pressure as over 10,000 BTC, valued near $1 billion, moved to exchanges within 72 hours, data show. The cryptocurrency trades around $95,498, down nearly 1% in 24 hours and approximately 10% weekly. Technical indicators including the weekly Supertrend have turned bearish for the first time in nearly three years.