Crypto prices slipped Thursday after an unexpectedly hot PPI inflation print, but analysts said it’s just a pullback within the rally.

The CoinDesk 20 Index of largest cryptocurrencies fell 2.1% over the past 24 hours, with bitcoin

dropping 2.3%. XRP lost 4.6% with ether (ETH) outperforming by edging down 0.7%.

“The pullback is, in my view, simply a recalibration in an otherwise bullish trend,” said David Siemer, co-founder and CEO of Wave Digital Assets. “Bitcoin remains firmly entrenched as the anchor of institutional crypto strategies.”

Bitcoin’s (BTC) rush to new all-time highs over $124,000 was fueled by rising expectations for Federal Reserve interest-rate cuts in September coupled with surging ETF inflows and institutional adoption.

The Thursday reversal to as low as $118,000 was “equally normal,” he said.

“After such a sharp rally, profit-taking tends to set in, and we saw short-term traders liquidate their positions and take gains,” Siemer said. “In addition, higher-than-expected inflation data, particularly around core consumer prices, has tempered some of the Fed optimism that drove the rally.

“It’s a healthy consolidation rather than a reversal,” he concluded.

Joel Kruger, market strategist of LMAX Group shared a similar view.

“It comes as no surprise to see a round of profit taking kick in following some impressive moves in crypto markets this week,” Kruger wrote in a morning note. “But overall, the outlook remains highly constructive and dips should be well supported.”

Looking ahead, key risks for crypto prices are potential overextension of valuations, geopolitical turbulence or economic data that could recalibrate Fed projections, Kruger added.

Still, late bulls were punished for their exuberance. The shakeout triggered a massive leverage flush, liquidating over $1 billion in leveraged trading positions across all crypto derivatives over the past 24 hours, mostly longs betting on rising prices, CoinGlass data shows.

That’s the largest long liquidation since at least the late July-early August plunge. That time, BTC dipped below $112,000 and many altcoins saw double-digit pullbacks, eventually carving out the local bottom for most of the digital asset market.

“The ‘I guess opening a 50x long after a 7-day 50% move was not the best idea’ type of shakeout here,” well-followed trader Bob Loukas said in an X post.

Read more: Bitcoin Hits $124K Record as 4 Tailwinds Align: Crypto Daybook Americas

• DOGE price started a fresh decline below the $0.2350 level.
• The price is trading below the $0.2320 level and the 100-hourly simple moving average.
• There is a bearish trend line forming with resistance at $0.2280 on the hourly chart of the DOGE/USD pair (data source from Kraken).
• The price could start a fresh upward move if it clears the $0.2280 and $0.2350 resistance levels.

Dogecoin Price Eyes Recovery Wave

Dogecoin price started a fresh decline from the $0.250 resistance zone, underperforming Bitcoin and Ethereum. DOGE declined below the $0.2350 and $0.2320 support levels.

The decline gained pace below the $0.2300 level. A low was formed at $0.2225 and the price is now consolidating losses. There is also a bearish trend line forming with resistance at $0.2280 on the hourly chart of the DOGE/USD pair.

Dogecoin price is now trading below the $0.2320 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.2280 level and the 23.6% Fib retracement level of the downward move from the $0.2486 swing high to the $0.2225 low.

The first major resistance for the bulls could be near the $0.2350 level or the 50% Fib retracement level of the downward move from the $0.2486 swing high to the $0.2225 low. The next major resistance is near the $0.2420 level. A close above the $0.2420 resistance might send the price toward the $0.250 resistance. Any more gains might send the price toward the $0.2550 level. The next major stop for the bulls might be $0.2650.

Downside Correction In DOGE?

If DOGE’s price fails to climb above the $0.2280 level, it could start a downside correction. Initial support on the downside is near the $0.2220 level. The next major support is near the $0.2120 level.

The main support sits at $0.2050. If there is a downside break below the $0.2050 support, the price could decline further. In the stated case, the price might decline toward the $0.1980 level or even $0.1920 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.2220 and $0.2120.

Major Resistance Levels – $0.2280 and $0.2350.

Top Stories of The Week

Australian fintech Finder wins court battle over crypto yield product

The Australian Federal Court ruled in favor of fintech company Finder.com, clearing it and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted almost three years. 

In a Thursday court decision, Justices Stewart, Cheeseman and Meagher confirmed a previous judgment that Finder Wallet and Earn complied with consumer financial laws.

The federal court “confirmed the initial finding that Finder Earn was not a financial product,” Finder said in a Thursday blog post.

BitMine gobbles over $2B in ETH in 16 days amid treasury arms race

Bitcoin mining firm BitMine Immersion Technologies has bought up over $2 billion of Ether in just 16 days, retaking the lead among a flurry of newly formed Ether treasury companies. 

BitMine said in a statement on Thursday that in the last 16 days, it had bought up 566,776 Ether, worth over $2.03 billion.

Tom Lee, the managing partner of FundStrat and the chairman of BitMine, said after the latest buying spree, the company is “well on our way to achieving our goal of acquiring and staking 5% of the overall ETH supply.”

BitMine’s aggressive buying spree signals a growing interest from institutions in Ethereum.

XRP price drops 19% but analysts say it’s a ‘healthy correction’

XRP price dropped 12.5% on Thursday, declining in tandem with the broader crypto market, which slipped 3% over the 24 hour period to $3.79 trillion. 

Despite this correction, analysts are terming this a “healthy pullback,” with double-digit XRP price targets still in play.

XRP’s price dropped as much as 19% to an intra-day low of $2.95 on Thursday from its multiyear high of $3.66, data from Cointelegraph Markets Pro and TradingView shows.

Cascading liquidations and thinning liquidity fueled XRP’s drop as over-leveraged longs got flushed across the board.

Hulk Hogan, Ozzy memecoins soar as tributes roll in over icons’ deaths

Memecoins inspired by the late wrestling legend Hulk Hogan and Black Sabbath rocker Ozzy Osbourne skyrocketed as tributes flooded over the two popular icons’ deaths this week. 

Terry Bollea, better known by his wrestling ring name Hulk Hogan, was reportedly pronounced dead in a hospital on Thursday at the age of 71 after medics arrived at his home to answer a call about a possible cardiac arrest.

This comes just days after Ozzy Osbourne, the hard-partying frontman of English rock band Black Sabbath, passed away on Tuesday at the age of 76.

Hogan was the most famous wrestler in the WWF, now WWE, during the 1980s, and had a career that spanned decades both in the ring and across television and film. 

Osbourne, often nicknamed the Prince of Darkness, is considered a legend in the music world and is seen as an iconic heavy metal musician. Black Sabbath is estimated to have sold 75 million albums globally. 

Ether will ‘knock on $4,000’ and soon outperform Bitcoin: Novogratz

Rapidly growing institutional interest in Ethereum could trigger a supply shock and position Ether to outperform Bitcoin in the next six months, says Galaxy Digital CEO Michael Novogratz.

“There’s not a lot of supply of ETH, and so I think ETH probably has a chance to outperform Bitcoin in the next three to six months,” Novogratz told CNBC on Thursday.

“If ETH takes out $4,000, it goes into price discovery,” he said, referring to a level that represents an approximate 8.5% jump from Ether’s current price of $3,618, according to Nansen.

Most Memorable Quotations

Robert Kiyosaki, author of Rich Dad Poor Dad:

“‘Pigs get fat…. hogs get slaughtered.’ I am buying one more [Bitcoin]…. and get fatter.”

Mena Theodorou, co-founder and head of product and marketing at Coinstash:

“If you’re analytical, follow the patterns, and take an emotionless approach, you’re going to do well in the crypto space.”

Michael Novogratz, CEO of Galaxy Digital:

“There’s not a lot of supply of ETH, and so I think ETH probably has a chance to outperform Bitcoin in the next three to six months.”

Markus Thielen, CEO of 10x Research:

“We believe Ethereum is looking vulnerable in the near term.”

Solomon Tesfaye, chief business officer at Aptos Labs:

“We’re seeing more open dialogue between policymakers and Web3 leaders that is shaping legislation and giving institutions more confidence to commit to longer digital asset roadmaps.”

Mister Crypto, pseudonymous crypto trader:

“A massive short squeeze is inevitable!”

Winners and Losers

At the end of the week, Bitcoin (BTC) is at $117,962, Ether (ETH) at $3,774 and XRP at $3.20. The total market cap is at $3.88 trillion, according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Conflux (CFX) at 72.84%, Ethena (ENA) at 47.25% and Pudgy Penguins (PENGU) at 35.84%.

The top three altcoin losers of the week are Pump.fun (PUMP) at 41.74%, Sonic (S) at 11.04% and Aptos (APT) at 9.38%. For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

Top Prediction of The Week

Eric Trump ‘agrees’ Ether should be over $8K as Global M2 money soars

Analysts say Ether is undervalued and “should be trading above $8,000” as global liquidity, measured by broad money supply (M2), hit a new record high of $95.58 trillion on Friday.

Global liquidity supply, or M2, aggregates US dollar-adjusted liquidity from major economies including the US, eurozone, Japan, the UK and Canada. 

A rising M2 implies that more money is circulating in the economy, including in bank accounts, checking deposits and other liquid assets. Such surplus liquidity can increase capital inflow into riskier assets like crypto.

Ether appears to be following a similar M2 supply trajectory, defined by the Wyckoff accumulation method, in 2025, albeit with a significant lag period.

Top FUD of The Week

Arizona woman sentenced for helping North Korea coders get US crypto jobs

An Arizona woman was sentenced to more than eight years in federal prison for helping North Korean operatives infiltrate US cryptocurrency and tech firms using stolen identities and fraudulent documents. 

According to a Thursday announcement by the US Attorney’s Office for the District of Columbia, Christina Marie Chapman was convicted of wire fraud conspiracy, aggravated identity theft and money laundering conspiracy. She was sentenced to 102 months, or about 8.5 years in prison.

Prosecutors said Chapman worked with operatives tied to the Democratic People’s Republic of Korea to obtain remote IT positions at more than 300 US-based companies. The North Korean workers posed as US citizens and residents, and the scheme generated over $17 million in illicit revenue.

Bitcoin tumbles below $116K in bloodbath for crypto longs

More than half a billion in long positions were liquidated across the crypto market on Friday as the price of Bitcoin slipped below $116,000 amid a broader market tumble.

According to CoinGlass data, $585.86 million in long positions were liquidated, with Bitcoin  accounting for $140.06 million of that total as it dropped 2.63% to $115,356. 

Ether followed with $104.76 million in long liquidations, falling 1.33% to $3,598 over the same period.

New York crypto torture case suspects out on $1M bail each

Two men accused of kidnapping and torturing an Italian man in a Manhattan townhouse as part of a cryptocurrency extortion plot have been granted bail.

John Woeltz, 37, and William Duplessie, 33, were each issued a $1 million bail on Wednesday by New York Supreme Criminal Court Judge Gregory Carro, according to a report from ABC News. Both men have reportedly pleaded not guilty to charges including kidnapping, assault and coercion.

The case stems from a crypto extortion incident that took place a few months earlier. On May 6, a 28-year-old cryptocurrency trader visiting from Italy was allegedly abducted after arriving in New York.

According to prosecutors, the man was held hostage for weeks and subjected to repeated torture as his captors attempted to force him to reveal his Bitcoin credentials.

Top Magazine Stories of The Week

Robinhood’s tokenized stocks have stirred up a legal hornet’s nest

Tokenizing stocks opens up legal questions about jurisdiction, protections for buyers and the boundary between innovation and illegality.

Hong Kong hoses down stablecoin frenzy, Pokémon on Solana: Asia Express

Solana apps bring Pokémon cards to Web3 with NFT gachas, FTX blocks Chinese creditors while they sell claims on Backpack, and more.

Bitcoin inheritances: A guide for heirs and the not-yet-dead

Your Bitcoiner OG uncle just died and you stand to inherit a small fortune. But how do you find it, and get it back from exchanges, ETFs or hardware wallets?

]]> https://earlybirdsinvest.com/xrp-dip-was-a-healthy-correction-ether-supply-shock-hodlers-digest-july-20-26/feed/ 0 49873 https://earlybirdsinvest.com/why-moderna-stock-was-so-healthy-this-week/ https://earlybirdsinvest.com/why-moderna-stock-was-so-healthy-this-week/#respond Fri, 04 Jul 2025 19:45:39 +0000 https://earlybirdsinvest.com/why-moderna-stock-was-so-healthy-this-week/

Moderna (MRNA 0.66%), the next-generation healthcare company most famous for developing the Spikevax coronavirus vaccine, was an uncharacteristically popular stock. Investors piled into its shares over the week, sending it to a more than 12% gain over the period, according to data compiled by S&P Global Market Intelligence. Positive news from the lab was a significant factor in this.

Flu fighter

On Monday, Moderna published the results of a late-stage study of mRNA-1010, its seasonal flu vaccine. In a phase 3 clinical trial the vaccine, developed using Moderna’s signature mRNA-based approach, produced a more robust immune response than a standard flu jab currently available on the market.

Image source: Getty Images.

That surely came as a relief to Moderna investors, since the company’s latest stock-rattling news was its withdrawal of a Food and Drug Administration application for a combination COVID-19/flu vaccine in May. At the time, the company pledged to submit a new application based on efficacy data from the stand-alone trial.

Along with the latest findings for mRNA-1010, Moderna said that it would also resubmit its application for the combination vaccine.

As for the flu shot alone, in the press release detailing the trial’s results the company quoted CEO Stéphane Bancel as saying that they “are a significant milestone in our effort to reduce the burden of influenza in older adults.”

Waiting for further development(s)

Although this latest development is the good news Moderna shareholders have been waiting for quite some time to receive, I personally don’t think it makes the company’s stock a buy in and of itself, as I can’t imagine a new flu vaccine will light the world on fire.

Having said that, Moderna does have an admirably loaded slate of development programs, so if one or several show promise the shares might become more enticing.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

On Thursday, Bitcoin (BTC) prices dipped to below $101,000 as fallout between US President Donald Trump and world’s wealthiest man Elon Musk rocked the US financial markets. However, in the past 48 hours, the maiden cryptocurrency has registered a rebound climbing to above $105,000 before slipping into a sideways movement. Amidst these developments, a popular crypto analyst with X pseudonym KillaXBT has outlined multiple scenarios for Bitcoin’s next price action.

Behind Bitcoin’s Rebound From $100,000

In an X post on June 7, KillaXBT provides a profound technical analysis of the Bitcoin market discussing the recent price rebound and potential developments moving forward. After reaching a new all-time high near $112,000 on May 22, BTC entered a corrective phase falling by an estimated 10% into the $100,000 price range, before it’s recent rebound in the past two days.

KillaXBT explains this rebound is not random and was driven by a combination of technical and market factors. These factors include the daily FVG and volume imbalances which are price filled inefficiencies left behind on the chart.

Furthermore, there was a liquidity sweep as Bitcoin’s steady decline pushed prices below the previous weekly lows triggering many stop-losses from long positions. This development created a flush of liquidity for big players which served as a fuel in driving a market rebound.

Finally, KillaXBT talks on a short squeeze setup whereby the Bitcoin market turned short heavy when traders expected a further downside following the initial price bounce from $100,000. When prices started going up, these short traders had to buy back to cover their losses, adding more fuel to the rally.

What Next For BTC?

Looking to the future, KillaXBT has highlighted three potential scenarios for BTC. Presently, the analysts states the premier cryptocurrency is retesting a resistance zone between $104,800-$106,000 which aligns with the 0.5-0.618 Fibonacci retracement levels of the recent price drop.

For the first scenario, KillaXBT foresees a bullish continuation only if Bitcoin breaks and holds above this resistance region. Such a move could trap short sellers once again, potentially fueling further upside momentum.

However, if Bitcoin faces rejection at this specified resistance area, the second scenario comes into play, in which the price is likely to decline and retest the $100,000 support level. The third, final and worst case scenario includes a price break below the $100,000 leading Bitcoin to retest support zones around the $97,000 price region.

Interestingly, KillaXBT’s personal projection expects market makers to continue driving Bitcoin’s price higher, capitalizing on the recent sharp rebound that caught many short traders off guard. With no clear “safe” long entry yet available, the analyst suggests that pushing prices further would trap more short sellers while forcing sidelined bulls to chase the rally

At press time, BTC continues to trade at $105,600 reflecting a 1.16% gain in the past day.

Featured image from iStock, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Sleep is essential, but sticking to a healthy routine isn’t always easy. That’s where Sleepagotchi comes in—a new app that turns better sleep into something you can earn rewards for. Blending game-like features, blockchain technology, and community interaction, Sleepagotchi takes a different approach to sleep tracking.

In this article, we’ll look at how it works, the Lite version, its recent growth, and what users can expect as the platform evolves.

Key Takeaways

• Sleepagotchi will reward users for maintaining healthy sleep routines using NFT-based collectibles and $SHEEP tokens.

• The app utilises gamified goals and blockchain rewards to enhance the interactivity of sleep improvement.

• Sleepagotchi does not require wearables, making it more accessible than most sleep trackers.

• A strong community and referral system support long-term participation.

• Available via Telegram and LINE, Sleepagotchi is expanding globally with partnerships and new features.

• Sleepagotchi Lite differs from the full app by not requiring sleep tracking—daily actions earn points instead.

• The full version of Sleepagotchi is expected to launch in Q2 2025 on iOS and Android, following its closed beta phase.

What Is Sleepagotchi?

Sleepagotchi is a gamified sleep application that merges traditional sleep tracking with a play-to-earn framework. At its core, the app encourages users to build healthier sleep habits by rewarding consistency and quality. Unlike conventional health trackers, Sleepagotchi integrates blockchain technology—primarily Solana and Ethereum L2—to offer NFTs and $SHEEP tokens as incentives.

Users set sleep goals, track their progress using smartphones, and earn rewards for meeting those targets. These rewards include digital home decor, collectible items, and upgrades for a virtual Sleepagotchi character.

It’s worth noting that while the platform emphasizes gamification and reward systems, users concerned with data privacy or blockchain complexity may find the approach less appealing.

The app is culturally inspired by Japanese aesthetics, incorporating kawaii design, gacha mechanics, and JRPG-style interactions to enhance user engagement.

Source: Sleepagotchi

How Sleep-to-Earn Works: Full App vs. Lite

To help users take actionable steps toward better sleep, Sleepagotchi provides a seamless, gamified experience. Here’s how the full platform operates:

• Set Sleep Goals: Users input preferred bedtimes and wake-up targets.

• Track Sleep Consistency: The app records sleep patterns and assigns points based on adherence to goals.

• Earn Rewards: Points translate into digital collectibles, NFT furniture, and the in-game token $SHEEP.

• Upgrade & Trade: Users can use rewards to upgrade their Sleepagotchi companions or trade items within the ecosystem.

• Engage Socially: Daily tasks, referrals, and social engagement on platforms like Discord contribute to bonus rewards.

Sleepagotchi simplifies healthy sleep adherence by turning it into a habit loop—where consistent behaviours are reinforced with digital incentives and peer engagement.

Sleepagotchi Lite offers a streamlined version of the full app, which is currently in development. Unlike the original model, the Lite version does not require sleep tracking.

Instead, players can earn points by completing daily in-app activities throughout the day. These points are designed to carry over and apply toward progress in the upcoming 2.0 version of the application, ensuring continuity and early engagement benefits for current users.

User Growth, Blockchain Expansion, and Community Engagement

Sleepagotchi Lite, its mini-app on Telegram, reportedly gained over two million users and ranked among the Top 5 grossing apps on the platform (based on internal data reported by the developers as of Q1 2025). The app’s accessible interface and community-driven features, such as gacha mechanics and character customisation, received strong praise during closed beta testing.

The LINE expansion was a major milestone, introducing Sleepagotchi to over 200 million users via the LINE Mini App platform. This rollout was powered by Sony’s Soneium blockchain, a Layer-2 Ethereum solution designed to simplify on-chain interactions for a broader audience.

Key milestones include:

• Dream Job Campaign: Encouraged sleep tracking with real-world prizes such as Uber Eats gift cards and cash rewards.

• LINE Expansion: Enabled onboarding of millions of new users in Asia, many without prior blockchain experience.

• Ongoing Beta & Rewards: Closed beta testing continues with airdrops and future benefits promised to early users.

Sleepagotchi has also attracted investor confidence, securing $3.5 million in seed funding from firms such as 6th Man Ventures, Shima Capital, and 1kx.

While growth metrics are promising, the absence of independent user reviews makes it difficult to assess long-term user satisfaction or health impact.

Bitcoin is wrapping up the week with strength, trading above the $105,000 mark after a sharp rally that pushed prices to a new all-time high near $112,000. The move reignited bullish momentum across the market, with traders and analysts now turning their focus to what could be the next phase of this cycle.

Related Reading

Despite the aggressive push higher, on-chain data suggests the market remains healthy. Top analyst Darkfost highlighted that net realized profits are still within normal levels for a bull run. According to his analysis, profit-taking is not a sign of weakness—it’s a necessary part of market structure during uptrends. “This is what keeps investors engaged and prevents parabolic exhaustion,” he noted.

The recent price action points to a potential shift in market dynamics, as Bitcoin breaks out of its post-halving consolidation phase. With weekly support forming above $105K and realized profit metrics staying in check, bulls are eyeing higher levels. If this momentum holds, the $112K rejection may only be a short-term hurdle. As always, volatility remains in play—but this week’s close sends a strong signal: the bull market structure is still intact.

Bitcoin Has Room To Grow As It Prepares For Historic Weekly Close

Bitcoin is on track to record its highest weekly close in history, signaling growing strength as it prepares for what many believe could be the next major bullish phase. After surging to a new all-time high near $112,000 earlier this week, BTC is now stabilizing above the $105,000 level—positioning itself above key short-term support going into next week.

Still, while price action paints a bullish picture, macroeconomic conditions continue to pose risks. High interest rates, tightening financial conditions, and broader market uncertainty remain major factors. Investors are cautiously optimistic, but volatility could quickly return if global risk sentiment deteriorates.

On-chain data offers a more grounded view of the current cycle. According to Darkfost, CryptoQuant data shows that realized profits currently stand at 104,000 BTC, or around $11 billion. While that number may seem large, it’s still well below the historical danger zone of 350,000 BTC—a level that typically signals euphoric conditions or overheating.

This suggests the market remains in a healthy profit-taking zone. “Profit-taking is not a red flag during a bull market,” Darkfost noted. “It’s necessary. It helps maintain momentum and keeps participants engaged.”

The coming week will be critical. A confirmed weekly close above $105K could solidify this level as new support and set the stage for further upside. But if bulls fail to hold ground, the rally risks losing steam. For now, Bitcoin appears strong, but the market is entering a zone where conviction will be tested.

Related Reading

BTC Holds Key Support After Rejection From New ATH

Bitcoin is currently trading around $107,750 after a volatile week that saw prices hit a new all-time high near $112,000. The daily chart shows BTC pulling back from overbought conditions but holding firmly above the 34-day EMA at $100,886—a level that has consistently acted as dynamic support during this uptrend.

Price remains well above the 50, 100, and 200-day SMAs, confirming a strong bullish structure. The key horizontal support at $103,600—now reclaimed—is another crucial zone. This level previously acted as a resistance ceiling during the March-April range and now serves as a potential launchpad if BTC consolidates above it.

Volume appears to be declining slightly on the pullback, which may suggest this is a healthy retrace rather than a reversal. As long as Bitcoin maintains above the $103,600–$105,000 zone, bulls remain in control. A deeper correction would find initial support around the 34 EMA and then the 100 SMA near $91,000.

Related Reading

For now, the bullish trend remains intact. However, rejection at $112K and slowing momentum call for caution. A weekly close above $105K would confirm strength, while a break below $103K could trigger short-term weakness.

Featured image from Dall-E, chart from TradingView

The recent price action hints at potential corrective consolidation toward the $2.2K threshold, before attempting a breakout.

Technical Analysis

The Daily Chart

ETH has encountered strong resistance at the crucial 200-day moving average around $2.7K over the past week, reflecting a significant seller presence at this psychological level.

The asset has lost upward momentum and is currently displaying a double-top formation—a classic bearish reversal pattern. This structure signals increased profit-taking and distribution, suggesting a probable short-term corrective phase targeting the $2.2K support zone.

This retracement phase could serve as a healthy reset, attracting new demand at lower levels and providing the necessary momentum for a fresh breakout above the $2.7K resistance. Structurally, Ethereum remains confined between the 100-day and 200-day moving averages, setting the stage for a potential bullish breakout in the coming weeks.

The 4-Hour Chart

On the lower timeframe, Ethereum’s weakening bullish momentum is reflected in its price action within an ascending wedge, a bearish reversal pattern. This formation often signals diminishing buyer strength and increased seller dominance. Additionally, a clear bearish divergence between the price and the RSI indicator confirms this outlook, pointing to aggressive distribution near the current resistance.

If ETH breaks below the wedge’s lower boundary near $2.4K, a pullback toward the $2.2K level becomes the most likely scenario. However, an unexpected breakout above the wedge could trigger a short squeeze, fueling a renewed rally toward higher resistance levels.

Onchain Analysis

Ethereum continues to hover below a critical resistance range, keeping investors on edge about the likelihood of a bullish breakout. While price action alone has provided mixed signals, insights from the futures market shed light on underlying sentiment shifts that could shape the asset’s next major move.

One of the most telling indicators is the ETH Taker Buy-Sell Ratio, which measures whether aggressive market orders are dominated by buyers or sellers. Aggressive orders, those executed at market price, typically reflect urgency and strong conviction from market participants.

Recently, this ratio’s 14-day moving average has seen a notable decline, pointing to increased aggressive selling activity. This trend suggests that bears are regaining control, triggering a wave of profit-taking and distribution as Ethereum struggles near resistance.

If the selling pressure persists and the ratio continues trending downward, Ethereum could undergo a deeper correction, with the $2.2K support emerging as a likely target. However, if this aggressive selling is primarily driven by short-term players or “weak hands,” it could represent a healthy consolidation phase before a broader bullish breakout resumes.

In short, Ethereum’s next direction hinges on whether the current selling momentum intensifies or exhausts, in the face of growing mid-term demand.

The post Ethereum Price Analysis: Is ETH Primed for a ‘Healthy’ Correction? appeared first on CryptoPotato.

Ethereum price started a fresh increase above the $1,800 zone. ETH is now correcting gains and trading below the $1,820 support zone.

• Ethereum remained strong above $1,750 and started a fresh increase
• The price is trading below $1,820 and the 100-hourly Simple Moving Average.
• There is a short-term bearish trend line forming with resistance at $1,835 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it clears the $1,840 resistance zone.

Ethereum Price Dips

Ethereum price remained supported above the $1,750 zone and started another increase, like Bitcoin. ETH climbed above the $1,800 and $1,820 resistance levels to set the tone for a larger increase.

The bulls even pushed the price above $1,865. A high was formed at $1,873 and the price recently started a downside correction. There was a move below the $1,820 and $1,800 levels. The price dipped below the 50% Fib retracement level of the upward move from the $1,734 swing low to the $1,873 high.

Ethereum price is now trading below $1,820 and the 100-hourly Simple Moving Average. There is also a short-term bearish trend line forming with resistance at $1,835 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $1,820 level. The next key resistance is near the $1,840 level. The first major resistance is near the $1,880 level. A clear move above the $1,880 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $1,820 resistance, it could start a fresh decline. Initial support on the downside is near the $1,785 level and the 61.8% Fib retracement level of the upward move from the $1,734 swing low to the $1,873 high. The first major support sits near the $1,765 zone.

A clear move below the $1,765 support might push the price toward the $1,735 support. Any more losses might send the price toward the $1,720 support level in the near term. The next key support sits at $1,650.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $1,765

Major Resistance Level – $1,840

• XRP price started a downside correction from the $2.250 resistance zone.
• The price is now trading below $2.120 and the 100-hourly Simple Moving Average.
• There was a break below a connecting bullish trend line with support at $2.140 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair might extend losses if there is a close below the $2.050 support zone.

XRP Price Dips Again

XRP price started a fresh increase above the $1.980 resistance, like Bitcoin and Ethereum. The price climbed above the $2.020 and $2.050 resistance levels.

A high was formed at $2.244 and the price recently started a downside correction. There was a move below the $2.120 support zone. Besides, there was a break below a connecting bullish trend line with support at $2.140 on the hourly chart of the XRP/USD pair.

The price even spiked below the 50% Fib retracement level of the upward move from the $1.920 swing low to the $2.244 high. The price is now trading below $2.120 and the 100-hourly Simple Moving Average.

On the upside, the price might face resistance near the $2.120 level. The first major resistance is near the $2.180 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.250 resistance. Any more gains might send the price toward the $2.320 resistance or even $2.350 in the near term. The next major hurdle for the bulls might be $2.50.

Another Decline?

If XRP fails to clear the $2.120 resistance zone, it could start another decline. Initial support on the downside is near the $2.050 level and the 61.8% Fib retracement level of the upward move from the $1.920 swing low to the $2.244 high. The next major support is near the $2.00 level.

If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.920 support. The next major support sits near the $1.840 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.050 and $2.00.

Major Resistance Levels – $2.120 and $2.180.