Market
Key Hurdles Blocking Its Path?
Ethereum price struggled to continue higher above $3,350 and dipped. ETH is now correcting losses and might face resistance near the $3,220 zone.
- Ethereum started a fresh decline below the $3,220 resistance zone.
- The price is trading below $3,200 and the 100-hourly Simple Moving Average.
- There is a key bearish trend line forming with resistance at $3,270 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start another decline if it stays below the $3,300 level.
Ethereum Price Dips Further
Ethereum price started a fresh decline below the $3,320 and $3,220 levels, like Bitcoin. ETH even declined below the $3,050 level before the bulls appeared.
A low was formed at $3,021 and the price is now correcting losses. There was a move above the $3,050 and $3,120 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $3,427 swing high to the $3,021 low.
Ethereum price is now trading below $3,220 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,220 level or the 50% Fib retracement level of the downward move from the $3,427 swing high to the $3,021 low.
The first major resistance is near the $3,250 level. There is also a key bearish trend line forming with resistance at $3,270 on the hourly chart of ETH/USD. The main resistance is now forming near $3,300.
A clear move above the $3,300 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,420 resistance zone or even $3,500 in the near term.
Another Decline In ETH?
If Ethereum fails to clear the $3,220 resistance, it could start another decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,050.
A clear move below the $3,050 support might push the price toward the $3,020 support. Any more losses might send the price toward the $3,000 support level in the near term. The next key support sits at $2,950.
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 above the 50 zone.
Major Support Level – $3,120
Major Resistance Level – $3,220
Market
XRP Price Bulls Stay In Control: Uptrend Poised to Continue
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Market
Hidden Altcoins Gems For February
Altcoins with strong fundamentals and growing ecosystems could see a rebound in February. Jupiter (JUP) has strengthened its position in the Solana ecosystem with key acquisitions, pushing its TVL past Raydium.
Aerodrome Finance (AERO), the dominant DEX on Base, is trading near key psychological levels after a sharp decline, making it one of the most interesting altcoins to watch. Meanwhile, Grass (GRASS) has struggled with the broader AI token correction but could recover if AI-related hype returns next month.
Jupiter (JUP)
Jupiter (JUP) is expanding its presence in the Solana ecosystem through key acquisitions. It recently acquired Moonshot, a coins launchpad, and SonarWatch, a portfolio tracker. With these moves, JUP has surpassed Raydium in Total Value Locked (TVL), reaching $2.87 billion.
Despite a 7% drop in the last 24 hours, JUP remains up 29% over the past week. As one of Solana’s most used platforms, its growing ecosystem could drive further gains. Increased adoption and integrations may continue boosting its relevance.
If momentum continues, JUP could test $1.22 and $1.27 soon. However, if the trend reverses, it may fall to $0.98, with further downside to $0.83 or even $0.76.
Aerodrome Finance (AERO)
AERO is the leading application on the Base chain, with $1 billion in TVL and $1.16 million in daily fees. As the most used DEX on Base, it holds a dominant position despite being 56% down from its all-time high on December 7, 2024, making it one of the most interesting altcoins for February.
Over the past month, AERO has dropped nearly 31%, now trading around $1 with a market cap of $765 million. The recent decline has pushed it closer to key psychological levels, making the next moves crucial.
If AERO regains strong momentum, it could see a major rally in February. Key targets include $1.4 and $1.6, with a potential move above $2 for the first time since mid-December.
Grass (GRASS)
GRASS has been hit hard by the recent correction in artificial intelligence cryptos, with its price dropping over 27% in the past 30 days. It is now trading at its lowest levels since November 5, 2024, just days after its airdrop.
The token attempted to break above $4 on three separate occasions in 2024 but failed each time. Since January 6, 2025, it has remained below $3, indicating a clear downtrend.
If AI-related altcoins regain momentum in February, GRASS price could benefit from the renewed interest. A rebound toward the $2 range is possible, and if the uptrend strengthens, the token could revisit the $3 level as well.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Bitcoin Price Displays Bullish Signs: A Recovery In The Making?
Bitcoin price started a fresh upward move above $102,000. BTC is rising and might gain pace for a move above the $105,000 resistance zone.
- Bitcoin started a decent upward move above the $102,000 zone.
- The price is trading above $103,500 and the 100 hourly Simple moving average.
- There was a break above a key bearish trend line with resistance at $102,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another decline if it stays below the $105,000 zone.
Bitcoin Price Breaks Resistance
Bitcoin price started a decent increase above the $100,000 resistance zone. BTC was able to surpass the $102,000 and $102,200 resistance levels to move into a positive zone.
There was a break above a key bearish trend line with resistance at $102,400 on the hourly chart of the BTC/USD pair. The pair climbed above the 61.8% Fib retracement level of the downward wave from the $107,080 swing high to the $97,688 low. It even cleared the $103,500 resistance zone.
The pair settled in a positive zone and now faces hurdles near the $105,000 zone. Bitcoin price is now trading above $103,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $104,800 level or the 76.4% Fib retracement level of the downward wave from the $107,080 swing high to the $97,688 low.
The first key resistance is near the $105,000 level. The next key resistance could be $105,500. A close above the $105,500 resistance might send the price further higher. In the stated case, the price could rise and test the $107,000 resistance level. Any more gains might send the price toward the $108,800 level in the short term.
Another Decline In BTC?
If Bitcoin fails to rise above the $105,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $103,200 level. The first major support is near the $102,000 level.
The next support is now near the $101,200 zone. Any more losses might send the price toward the $100,000 support in the near term.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $103,200, followed by $102,000.
Major Resistance Levels – $105,000 and $107,000.
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