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Given the heightened volatility observed in the general crypto market during the weekend, Ethereum once again lost the $2,500 price mark, which led to a notable pullback close to $2,200. However, ETH has not fully lost its potential to rally as technical developments hint at a major rebound in the upcoming days.

Key Pattern Signals A Sharp Rally For Ethereum

Ethereum is battling with growing bearish pressure after losing the $2,500 mark a few days ago. ETH’s price may have witnessed a sharp pullback, but Rose Premium Signals, a crypto analyst, is confident that a rebound could be underway.

In the post shared on X, the expert’s analysis on ETH shows that the altcoin is building strength beneath the fall as a key chart pattern begins to take shape. Specifically, Rose Premium Signals has identified a Cup and Handle chart pattern on the 1-week time frame.

A Cup and Handle formation is a bullish technical continuation pattern that suggests a possible bounce toward the upside following a phase of consolidation. Since the pattern often points to a bullish outlook, the expert believes that ETH could bounce back again and surge dramatically to high levels.

Looking at the 1-week chart, Ethereum’s price is presently retreating from the neckline region at about $2,600. Despite the notable decline, the key chart pattern is expected to trigger a major rally for ETH.

As the cup and handle pattern slowly matures, ETH could be on the verge of a significant upward move that may challenge previous highs. According to Rose Premium Signals, if this zone is successfully recovered, the altcoin may move closer to the key target of $4,204.69.

Is It A Good Time To Purchase ETH?

While Ethereum has retraced, AlienOvicho, a crypto expert and trader, revealed that the altcoin is inching closer to a price range considered a good buying point. After navigating the ongoing price action, the analyst has underlined the buy zone between the $2140 and $1970 range.

As bearish pressure mounts, the $2,140 – $1,970 buying zone is a crucial area where a positive reaction is expected, and is currently being tested by ETH. However, if the bounce does not happen next week, attention will be shifted to the next possible demand zone, which is around $1,800.

This level is consistent with the earlier structure and may provide a more solid foundation for the subsequent move higher if the larger structure holds. Meanwhile, a rebound, which is expected to take place in the upcoming days, would push ETH’s price past the $2,300 resistance level.

At the time of writing, ETH was trading at $2,264, demonstrating a nearly 1% decrease in the last 24 hours. ETH’s price may be facing bearish pressure, but sentiment among traders appears to be improving. Data from CoinMarketCap reveals that its trading volume has increased by over 13% in the past day.

Featured image from Pixabay, chart from Tradingview.com

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Ethereum has officially broken below the long-standing range it had maintained since early May, losing the critical $2,320 support level. This breakdown was triggered by escalating geopolitical tensions, as news broke that the United States had launched attacks on Iranian nuclear facilities. The announcement sent shockwaves through global markets, sparking widespread risk-off behavior and panic selling across crypto. Ethereum, already trading near the bottom of its six-week consolidation range, quickly reacted with a sharp drop, dragging the broader altcoin market with it.

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The move marks a critical shift in sentiment, as Ethereum now trades outside the range that had served as a battleground between bulls and bears for over a month. With volatility spiking and confidence shaken, traders are re-evaluating risk in light of escalating conflict in the Middle East and broader macroeconomic headwinds.

According to top analyst Big Cheds, Ethereum’s weekly chart is now flirting with a potential tower top pattern completion — a bearish reversal structure that may signal further downside unless buyers reclaim key levels in the coming days. As the situation evolves, all eyes will remain on ETH’s ability to hold new support levels or risk further decline in a fragile market environment.

Ethereum Slides 22% From June Highs – All Eyes On Weekly Structure

Ethereum has lost over 22% of its value since peaking in early June, as global instability and heightened selling pressure weigh heavily on market sentiment. The asset has now broken below its six-week range, triggering concern among investors and adding to uncertainty across the broader crypto space. With rising tensions in the Middle East—particularly following US attacks on Iranian nuclear facilities—the market has entered a risk-off environment, dragging altcoins like Ethereum into deeper retracements.

Despite the volatility, Ethereum remains at the center of investor focus, as many still expect it to lead the next altseason. However, with bulls losing control of key support zones, confidence in a near-term rally continues to waver. Analysts are now split: while some predict a deeper retracement toward the $2,000 region, others argue that Ethereum is nearing exhaustion on the downside and may soon recover.

Big Cheds points to Ethereum’s weekly chart, where the price is currently flirting with a potential tower top pattern—a bearish reversal structure. If this pattern confirms, ETH may face another wave of downside before finding demand at lower supply levels.

If buyers step in during this pivotal moment, a recovery from this structure could quickly follow. The coming sessions will be critical in determining whether this breakdown extends or turns into a fakeout with bullish continuation. For now, traders should remain cautious, as Ethereum’s next move could define the tone of the altcoin market heading into July.

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Ethereum Breaks Down Below Support As Volatility Spikes

Ethereum has officially broken below the $2,320 support level, signaling a shift in short-term market structure as shown in the 4-hour chart. After weeks of ranging between $2,320 and $2,650, ETH failed to reclaim its moving averages and lost bullish momentum. The price is now trading around $2,260, down sharply from its June highs near $2,900. This recent leg down follows a clean breakdown through the 50, 100, and 200-period SMAs, confirming a strong bearish momentum.

Volume spikes accompanied the drop, suggesting panic selling likely triggered by geopolitical turmoil in the Middle East. The price broke down aggressively with little resistance, meaning previous demand zones have now become weak. If buyers fail to step in quickly, Ethereum may revisit earlier May support levels around $2,100 or even $2,000.

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From a technical standpoint, the breakdown invalidates the previous consolidation range, opening the door for a possible extended correction. Until ETH reclaims $2,320 and stabilizes above its moving averages, the risk of continued downside remains high. Market participants should watch closely for volume shifts or bullish divergences, but for now, Ethereum remains under pressure as uncertainty continues to dominate the macro environment. The next few sessions will be crucial for price discovery.

Featured image from Dall-E, chart from TradingView

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Crypto analyst Smart Trading has revealed a bearish pattern for Shiba Inu, indicating that the bears are in firm control. Based on this, he predicted that SHIB could witness a 20% crash, which would represent a huge setback for the bulls. 

Shiba Inu Breaks Down Below Triangle Pattern

In a TradingView post, Smart Trading stated that the Shiba Inu price recently broke down from a triangle pattern after consolidating near a key resistance. With this development, the analyst remarked that a potential retest of the breakdown zone around $0.00001396 is possible before continuing toward the support level near 0.00001041. 

Based on this analysis, the major levels to watch include the resistance at $0.00001396 and the support zone at $0.00001041. In a TradingView post, crypto analyst Paper Trader also echoed a similar sentiment. He noted that Shiba Inu is consolidating in a demand zone and near a key level. 

The analyst remarked that the bulls need the Shiba Inu price to break out of the demand zone above $0.00001300 for the top meme coin to reach $0.00001427. Based on his accompanying chart, this could pave the way for a further rally to $0.00001700. Paper Trader added that if the demand zone fails to hold, then SHIB bears can push the price to the 0.00001100 levels. 

Shiba Inu has struggled this year and is down over 38% since the start of the year. This underperformance has caused the meme coin to drop drastically in the crypto rankings, currently ranked as the 19th crypto by market cap. SHIB had, towards the end of last year, reentered the top 10 ranking by market cap after recording an impressive 81% gain in under two weeks. 

The Bottom May Be In For SHIB

On the other hand, crypto analyst GKTrademanthan has provided a bullish outlook for the Shiba Inu price, stating that the bottom is in for the meme coin. This came as he drew a similarity between the 2024 and current price action. He claimed that SHIB is following a repeated pattern cycle, which he broke into four stages. 

The first stage is the falling wedge, which the analyst revealed has been completed. GKTrademanthan revealed that Shiba Inu has also completed the Cup and Handle pattern and W Pattern, which are stages 2 and 3, respectively. 

Stage 4 is the inverted Head and Shoulders, which the analyst revealed is pending formation and could trigger a major upward move for Shiba Inu. The target on the breakout is $0.00002431, which represents about a 90% move from SHIB’s current levels. 

At the time of writing, the Shiba Inu price is trading at around $0.00001322, up over 3% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Getty Images, chart from Tradingview.com

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Geopolitical tensions and evolving trade policies continue to influence cryptocurrency markets, with Dogecoin showing resilience amid broader economic uncertainty.

Despite macroeconomic headwinds, DOGE has maintained support above key moving averages while forming a potential bull flag pattern that could target $0.35 if validated by continued buying pressure.

Technical Analysis Highlights

• DOGE experienced significant volatility with a 4.3% range (0.211-0.220) over the past 24 hours, forming a key support zone around 0.212 validated by high volume rebounds at 13:00 and 22:00.
• The price action reveals a bullish recovery pattern from the 16:00 low, with resistance emerging at 0.217-0.220.
• The 20:00 candle’s strong volume surge above the 24-hour average confirms renewed buying interest, suggesting potential upward momentum if DOGE can maintain its position above the established support level.
• In the past hour, DOGE has demonstrated significant bullish momentum, climbing from 0.215 to 0.216 with notable volume spikes at 01:17, 01:21, and 01:54-01:55.
• The price established a strong support zone around 0.215 during the early minutes, followed by a decisive breakout at 01:16-01:17 where volume surged over 8 million.
• The uptrend continued with higher lows forming a clear ascending pattern, culminating in a new resistance test at 0.216-0.217 range.
• The final minutes saw particularly heavy trading activity with volumes exceeding 7 million at 02:01-02:02, confirming strong buyer interest and suggesting potential for further upside movement.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

External References

• “Dogecoin Eyes $0.35 as Whale Accumulation Signals Bull Flag Breakout”, The Crypto Basic, published May 16, 2025.
• “Dogecoin Hovers at $0.22 Following Weeks of Gains, Analysts Share Mixed Outlooks”, NewsBTC, published May 17, 2025.

Dogecoin‘s persistent bearish performance might be coming to an end shortly as the meme coin appears to have formed a bullish chart pattern, capable of igniting upward momentum. With price movements eyeing a bounce toward the upside, crypto analysts anticipate an upsurge for DOGE to new highs.

A Major Breakout Brewing For Dogecoin

Dogecoin’s recent price action has shown promising signs of a potential major growth. Trader Tardigrade, a market expert and investor highlighted that DOGE is gaining traction as it maintains a move within a defined chart pattern, setting itself up for a potential breakthrough into a new all-time high.

Specifically, Dogecoin has been moving along a Parallel Channel formation, sometimes with overshoot and without. The parallel channel is usually known for its robust bullish moves for DOGE with increasing buying interest from investors.

As seen in the monthly chart, this key pattern has historically triggered a major surge for the meme coin, leading to a new all-time high and a market top. Should the trend continue, Dogecoin may be poised for a substantial surge, attracting the interest of both retail traders and long-term investors.

In the ongoing cycle, the next move up in DOGE’s price is playing out similarly to the 2017 market cycle, where the price touched the channel lines. Meanwhile, the bull market in 2021 and the bear market in 2019 surpassed the channel lines on the upside and the downside.

With the pattern pointing to a rally to a new all-time high in the coming months, Trader Tardigrade has placed the next possible target for DOGE around the $3.69 price level. Considering past scenarios, the $3.69 mark could turn out to be its market top for this cycle or little about the level.

DOGE’s Bear Market To Begin Within The Year

While Dogecoin gears up for a substantial rally to new highs, its bull run is likely to end in the upcoming months, which will cause the beginning of its bear phase. Market expert Chandler delved into DOGE’s recent price action and has pinpointed the potential timeline for the meme coin to enter its bear market phase.

Chandler also revealed his strategy to engage DOGE’s price movement in the following months. The expert intends to hold his position until at least the Fibonacci time zone at 0.236, particularly till March 24. 

According to Chandler, historical trends show that after a week or two of crossing the 0.236 Fibonacci level, it is the ideal time to sell DOGE and exit the market. After this level, the next Fibonacci point to watch is around 0.382. Once DOGE enters this area around October 20, the expert expects the bear market phase to begin.

Presently, DOGE was trading at $0.250, demonstrating a nearly 3% decrease in the last 24 hours. Investors seem to be capitalizing on the recent descent as its trading volume has surged by more than 52% in the past day, indicating growing confidence in the meme coin.

Featured image from Unsplash, chart from Tradingview.com