$ETH Ethereum (ETH) is currently trading at around $2,365. Over the past week, ETH has seen a 8% #declinedu e to broader market pressures, including the ongoing correlation with Bitcoin's price movement
Key #Technical Levels :
#Support Level: $2,250 (critical zone where buying pressure could emerge)
-Resistance Level: $2,400-$2,450 ($ETH has struggled to break through this in recent attempts)
Moving Averages (50-day and 200-day):
Neutral to slightly bearish outlook in the short term.
In the coming week, #ETH is expected to fluctuate between **$2,300 and $2,400**. Market momentum indicates a potential test of the **$2,250 support** if selling pressure continues, but a move towards **$2,400** is possible with positive market sentiment @Ok_write
Be cautious, as #Ethereum is closely tied to Bitcoin’s performance and general market sentiment. Keep an eye on macroeconomic events, which can influence cryptocurrency prices.
#Bitcoin (BTC) is currently facing significant volatility. The price recently dropped from a high of $66,448 to around $60,000 due to global geopolitical tensions and market corrections. Despite this, Bitcoin ETFs have been on a buying spree, purchasing over $1.1 billion worth of BTC, which is providing some bullish support. The key level to watch for Bitcoin is the $60,000 support. If this level holds, Bitcoin could recover to around $62,000-$65,000, but breaking below
it may lead to further corrections towards $55,000 $BTC
The geopolitical uncertainty and potential future rate cuts by the U.S. #Federal Reserve could also influence BTC’s trajectory. Traders should be cautious, as any further instability could increase market fluctuations, but Bitcoin's appeal as a safe-haven asset during economic uncertainty might bolster its price in the longer term $BTC