Ethereum price started a fresh decline below the $2,350 zone. ETH is now correcting some losses from the $2,000 support and might face hurdles.

• Ethereum started a fresh decline below the $2,320 support zone.
• The price is trading below $2,220 and the 100-hourly Simple Moving Average.
• There was a break above a connecting bearish trend line with resistance at $2,080 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair must clear the $2,230 and $2,275 resistance levels to start a decent increase.

Ethereum Price Finds Support At $2,000

Ethereum price started a fresh decline from the $2,550 resistance zone, like Bitcoin. ETH gained bearish momentum below the $2,420 and $2,350 support levels.

There was a clear move below the $2,220 support zone and the 100-hourly Simple Moving Average. The price even tested the $2,000 zone. A low was formed at $2,003 and the price is now attempting to recover above the 23.6% Fib retracement level of the downward move from the $2,550 swing high to the $2,003 low.

There was a break above a connecting bearish trend line with resistance at $2,080 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,220 and the 100-hourly Simple Moving Average.

On the upside, the price seems to be facing hurdles near the $2,220 level. The first major resistance is near the $2,275 level and the 50% Fib retracement level of the downward move from the $2,550 swing high to the $2,003 low.

A clear move above the $2,275 resistance might send the price toward the $2,350 resistance. An upside break above the $2,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,450 resistance zone or even $2,500 in the near term.

Another Drop In ETH?

If Ethereum fails to clear the $2,275 resistance, it could start another decline. Initial support on the downside is near the $2,130 level. The first major support sits near the $2,080 zone.

A clear move below the $2,080 support might push the price toward the $2,020 support. Any more losses might send the price toward the $2,000 support level in the near term. The next key support sits at $1,880.

Technical Indicators

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

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

Major Support Level – $2,080

Major Resistance Level – $2,275

BNB is down 8% in the last 30 days, but its correction remains notably less severe than those of BTC, ETH, XRP, and SOL. The overall crypto market slumped nearly 10% today, while BNB remains resilient.

Despite the bearish trend, BNB’s ecosystem remains strong. PancakeSwap, its largest DEX, generated more fees in the last seven days than Uniswap and Hyperliquid. In the coming weeks, BNB could break above $586 and target levels near $635 or even $680.

BNB DMI Shows Sellers Are Back In Control

BNB’s Directional Movement Index (DMI) shows that its Average Directional Index (ADX) is currently at 28.5, rising from 22.8 yesterday, signaling that the current trend is strengthening.

ADX measures trend strength but not direction, meaning that whether bullish or bearish, a rising ADX suggests an increase in momentum.

In this case, it remains in a downtrend, and the strengthening ADX indicates that the bearish pressure is becoming more dominant. Unless buying activity picks up, the downward movement could accelerate.

The +DI (Positive Directional Indicator) has dropped to 14.3, down from 28.2 two days ago, signaling that bullish momentum has weakened significantly.

Meanwhile, -DI (Negative Directional Indicator) has surged to 28.99, up from 15 two days ago, confirming that selling pressure is increasing.

With -DI now well above +DI, bears are fully in control, and BNB’s price is likely to remain under pressure. If this trend continues, BNB could face further declines unless bulls step in to reverse the momentum.

Ichimoku Cloud Shows a Bearish Setup For BNB

The Ichimoku Cloud for BNB shows that the price is currently trading well below the cloud, confirming a bearish trend. The sharp decline began after it was rejected from the Tenkan-sen (blue line), which is now sloping downward, reinforcing short-term weakness.

Additionally, the Kijun-sen (red line) remains above the price, signaling that momentum favors the bears. Unless BNB reclaims these key levels, the downtrend could continue in the coming sessions.

The future cloud remains red, suggesting that bearish conditions may persist. When the price is below the cloud, it indicates a clear downtrend, and a break above it would be necessary to shift momentum bullish again.

For now, BNB faces resistance at the Tenkan-sen and Kijun-sen, and failure to reclaim these levels could lead to further downside. If BNB remains below the cloud, the selling pressure may continue, making it difficult for bulls to regain control.

BNB Is Currently Trading Between Two Important Key Levels

BNB price is currently trading between support at $559 and resistance at $586, with price action consolidating in this range. If the $559 support is tested and lost, BNB could decline further toward $500, a key level.

A break below $500 would be significant, as it would mark the first time it trades below this level since September 2024.

With momentum indicators still favoring the bears, further downside remains a possibility if buying pressure does not increase.

On the other hand, if it can break above $586, it could gain momentum toward the $635 resistance.

A successful move past this level would signal a stronger uptrend, potentially pushing BNB toward $680.

For this scenario to unfold, bulls need to reclaim key resistance levels and reverse the current bearish sentiment. A sustained breakout above $635 would be the first sign of a trend shift.

Bitcoin price started a fresh decline below the $90,000 zone. BTC is back below $88,500 and might struggle to regain bullish momentum.

• Bitcoin started a fresh decline below the $92,000 zone.
• The price is trading below $90,000 and the 100 hourly Simple moving average.
• There is a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another decline if it fails to stay above the $85,000 zone.

Bitcoin Price Faces Resistance

Bitcoin price started a fresh decline from the $95,000 resistance level. BTC traded below the $92,000 and $90,000 support levels. The price dived over 10% and traded below the $88,000 support zone.

There was a clear move below the 50% Fib retracement level of the upward wave from the $84,500 swing low to the $95,000 high. Finally, the price tested the $82,000 support zone. A base was formed and the price is now recovering some losses above the $83,500 level.

Bitcoin price is now trading below $90,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $88,750 level. The first key resistance is near the $90,000 level.

The next key resistance could be $91,500. There is also a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair. A close above the $91,500 resistance might send the price further higher. In the stated case, the price could rise and test the $93,000 resistance level. Any more gains might send the price toward the $94,200 level or even $95,000.

Another Decline In BTC?

If Bitcoin fails to rise above the $90,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $85,000 level. The first major support is near the $83,200 level.

The next support is now near the $82,250 zone and the 76.4% Fib retracement level of the upward wave from the $84,500 swing low to the $95,000 high. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,800.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

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

Major Support Levels – $85,000, followed by $82,250.

Major Resistance Levels – $90,000 and $91,500.