Catastrophic – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 23 Aug 2025 01:12:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.9 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Catastrophic – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 XRP Must Grow: RSI Says So, Bitcoin (BTC): Catastrophic Signal? Ethereum (ETH): $5,000 in September? https://earlybirdsinvest.com/xrp-must-grow-rsi-says-so-bitcoin-btc-catastrophic-signal-ethereum-eth-5000-in-september/ https://earlybirdsinvest.com/xrp-must-grow-rsi-says-so-bitcoin-btc-catastrophic-signal-ethereum-eth-5000-in-september/#respond Sat, 23 Aug 2025 01:12:21 +0000 https://earlybirdsinvest.com/xrp-must-grow-rsi-says-so-bitcoin-btc-catastrophic-signal-ethereum-eth-5000-in-september/
  • Bitcoin’s divergence
  • Ethereum not empty

After dropping below its rising trendline, which indicates a deterioration in short-term momentum, XRP is now at a pivotal point. XRP is now trading at about $2.86, having lost ground above the crucial support trendline that once directed its rally.

Although indicators suggest that buyers may be losing ground, a recovery is still possible if momentum picks back up. The Relative Strength Index (RSI), which is currently trading just below 40, is one of the best indicators. Usually, this level means that the asset is approaching oversold territory, where selling pressure might start to wear off. Notable rebounds have frequently been preceded by similar RSI readings in previous XRP cycles.

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XRP/USDT Chart by TradingView

Given that the market is at a technical crossroads, the RSI indicates that a relief rally may be possible in the upcoming sessions. This mixed picture is further compounded by the consistent drop in trading volume. Since there is less conviction behind the sell-off, a relatively small amount of buying pressure could reverse the momentum and push it back upward, as indicated by the decreased participation.

In order to regain the ascending structure and pursue additional recovery, XRP may need to regain the $2.95-$3.00 zone. But hazards still exist. Now a crucial battleground, the 50-day EMA is situated just below current prices. A breakdown below this level might hasten losses in the direction of the 100-day EMA, which is located at $2.74. This area might serve as a last line of defense prior to more significant corrections.

All things considered, the XRP chart shows weakness, but not surrender. Bulls may soon have a chance to recover lost ground if the oversold RSI reading indicates that the downside momentum may soon stall. It is still possible for XRP to recover if volume increases and stays above its moving averages.

Bitcoin’s divergence

In addition to showing a pronounced bearish RSI divergence, the top cryptocurrency recently broke below its 50-day EMA, a historically significant support level. This pattern indicates that even though the price reached a new all-time high earlier this month, the underlying momentum has been gradually eroding.

This is a risky situation that frequently occurs before lengthy corrections. Because the divergence reflects market conditions observed in June 2022, when a similar setup preceded a deep and prolonged sell-off, it is especially concerning. Even though price action initially looked bullish, the RSI trended lower in both instances as the price pushed higher, indicating that buyers were losing strength. The final collapse resulted in a series of liquidations, and the state of the market now suggests that history may repeat itself.

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The apparent drop in trading volume strengthens the bearish argument. Usually, a declining volume trend during a retracement indicates that there is not enough demand at the current price levels. Given that Bitcoin is currently trading just above the 100-day EMA at $110,600, the likelihood of further declines increases in the absence of strong buyer support. The 200-day EMA, at about $103,500, might be the next crucial line of defense if this level gives way.

RSI is another warning sign, as it is currently approaching the neutral 40 zone. If it falls below 40, bearish dominance would be strengthened, which could hasten the downward trend. The market is delicately balanced in light of this, and further selling pressure could trigger a further decline.

Ethereum not empty

With Ethereum displaying resilience once more, there is conjecture that a run toward $5,000 might occur as early as September. ETH had to undergo a necessary correction after weeks of sharp increases, cooling off from its peak around $4,800. Crucially, the correction happened under control, with ETH recovering from the 26-day EMA and remaining above $4,200, a level that traders are currently targeting as short-term support. Corrections are frequently seen as a way to cool down markets, and Ethereum appears to have done so successfully.

While the recent pullback cleared out speculation and excess leverage, volume patterns indicate that sellers are waning as buyers gradually regain control. The technical room for another leg higher has been created by the RSI’s normalization after it had previously entered overbought territory. The self-driven correction in ETH’s setup is what makes it so interesting. Instead of being a panic-driven sell-off, Ethereum’s decline was more of a consolidation phase than a sudden market-wide crash. Usually a bullish sign, this type of behavior indicates that the asset is stabilizing before continuing on its current course.

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The likelihood of Ethereum retesting $4,800 increases if it keeps its footing above $4,200 and buyers keep intervening. A run toward the psychologically significant $5,000 mark would then be possible if that resistance zone were broken. Ethereum is the focus of renewed investor interest as Bitcoin consolidates and altcoin momentum increases.

Even though there are no guarantees in the cryptocurrency space, the charts indicate that ETH has established a stronger base for future growth. Ethereum may finally make the much-awaited move above $5,000 in September.

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Why the Covid-19 pandemic wasn’t as catastrophic as it could have been https://earlybirdsinvest.com/why-the-covid-19-pandemic-wasnt-as-catastrophic-as-it-could-have-been/ https://earlybirdsinvest.com/why-the-covid-19-pandemic-wasnt-as-catastrophic-as-it-could-have-been/#respond Sun, 16 Mar 2025 09:04:02 +0000 https://earlybirdsinvest.com/why-the-covid-19-pandemic-wasnt-as-catastrophic-as-it-could-have-been/

For most people, the Covid-19 pandemic, which officially began five years ago this month, marked their first encounter with case counts and N-95 masks and lockdown orders.

I was a young reporter for Time magazine in Hong Kong in early spring 2003, when we started getting reports about a strange new sickness spreading in southern China, just across the border. On March 15, exactly 22 years ago today, that sickness was given a name by the World Health Organization: severe acute respiratory syndrome (SARS).

The SARS outbreak didn’t get much attention in the US because the country only had a small number of cases, and the worst of it overlapped with the invasion of Iraq. But back in Hong Kong, which became an epicenter of the outbreak, we had no idea when or if it would end.

Looking back on those days now, it feels like a dry run for what the entire world would experience less than two decades later with another coronavirus. Overnight, all of Hong Kong wore surgical masks. Airports, hotels, and restaurants were abandoned.

At the Time offices in the city, editors sweating through uncomfortable N-95 masks debated sending some staff to work from home, to keep the magazine going if our building were to be closed. I interviewed scientists about the possibility of a vaccine or treatment, and was told that if one were needed, it would certainly take years for it to be developed.

We ended up getting lucky with SARS. The coronavirus that caused it turned out to be far less infectious than it first appeared, and the outbreak ended up petering out — though not before more than 8,000 people were sickened and 774 died around the world.

With Covid, of course, we were not that lucky. More than 7 million people have been confirmed to have died from Covid so far, a number that is both still rising and almost surely an undercount. The political, social, and educational side effects of the pandemic were enormous, and are still playing out. It was, simply put, a global catastrophe — one of the few events that is truly worthy of that name.

So why in the world would I put Covid in a newsletter that’s supposed to be about good news?

A Covid pandemic before 2020 would have been far worse

Having lived through and covered both SARS and Covid, I sometimes like to run a thought experiment: How would we have responded back in 2003 if SARS had turned out to be as dangerous as Covid?

Think back to 2003. Smartphones didn’t exist, and even laptops were less common. Video-calling was essentially nonexistent — if you told someone you were going to “Zoom” with them, you would have gotten very strange looks.

What this all means is that remote work and remote schooling and telemedicine — which, as problematic as they all turned out to be, did keep the economy, education, and medical care moving forward during the pandemic — would have essentially been impossible. By one estimate, without remote work, US GDP would have declined twice as much as it ultimately did in that first year of the pandemic. All those Zoom meetings and cloud documents were a literal economic lifeline.

Or take the virus itself. It was months after the first cases of SARS before the coronavirus causing it was successfully identified by scientists. I still remember visiting Hong Kong University’s Queen Mary Hospital in April 2003, and peering through an electron microscope at the virus’s distinctive, sun-like corona. In Covid, thanks to vast improvements in the speed of genetic sequencing, full genomes of the virus were being distributed well before the world was fully aware of what Covid was.

Or vaccines. In 2003, early work on mRNA vaccine technology was only beginning, and BioNTech — the company that was responsible for the groundbreaking research on mRNA vaccines — wouldn’t be founded for another five years..

Before Covid, it took anywhere from five to 15 years — if not longer — to develop a vaccine for a new virus. Had we needed one during SARS, we would have almost certainly been in for a long wait. But during Covid, the first vaccine candidates were produced by Pfizer-BioNTech on March 2, 2020 — less than two months after work on the vaccines had begun. Sandra Lindsay, a nurse in New York, received the first Covid shot on December 14, 2020, less than nine months later.

And while advances in science were the first necessary steps, the US government, for all its flaws, acted with impressive urgency and ambition.

We never would have received vaccines as quickly without the genius of Operation Warp Speed. By supporting the simultaneous development of multiple vaccine candidates, the parallel execution of multiple stages of vaccine development and trials, and by guaranteeing a market for the vaccines with billions of dollars, Operation Warp Speed lived up to is name.

Beyond the science, the bipartisan relief bills kept poverty from spiking during those first, terrible months of the pandemic. In fact, poverty actually dropped in 2021 compared to the years before the pandemic, with child poverty falling by more than half.

Don’t forget what we accomplished

I realize that almost no one wants to look back at the Covid pandemic, and certainly not with pride. The subsequent virus variants and new waves increasingly evaded even our best vaccines, keeping the pandemic going for years while eroding belief in them. Division over the public health decisions made during the pandemic, from mask requirements to school closures, still linger, poisoning the political atmosphere. Perhaps hundreds of millions of people are experiencing the effects of long Covid, their every day a reminder of the pandemic’s toll. The collective trauma we suffered is still with us.

And yet, I worry that all that pain and anger will cause us to neglect the amazing accomplishments of those years. Not just the scientists and officials who got us those vaccines in record time, but the doctors and nurses who toiled endless hours on the front lines of the pandemic, or the essential workers who kept things going while the rest of us isolated. My fear is not just that we’ll forget that heroism, but that when the next pandemic comes — as it inevitably will — we’ll forget that we have shown the ability and the will to fight it.

On the five-year anniversary of the pandemic, there has been no shortage of articles about what we got wrong during Covid — and yes, in retrospect, we got many, many things wrong. I realize “it could have been worse” isn’t exactly the most stirring rallying cry after something as catastrophic as Covid.

But it’s still true, and we shouldn’t overlook the people whose work ensured it wasn’t.

A version of this story originally appeared in the Good News newsletter. Sign up here!

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Ethereum Holds Strong For Over A Year: Monthly Close Below This Level Could Be Catastrophic https://earlybirdsinvest.com/ethereum-holds-strong-for-over-a-year-monthly-close-below-this-level-could-be-catastrophic/ https://earlybirdsinvest.com/ethereum-holds-strong-for-over-a-year-monthly-close-below-this-level-could-be-catastrophic/#respond Sun, 09 Mar 2025 15:02:30 +0000 https://earlybirdsinvest.com/ethereum-holds-strong-for-over-a-year-monthly-close-below-this-level-could-be-catastrophic/

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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. 

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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.

ETH is now trading at $2,141. Chart: TradingView

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

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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

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