Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there
The crypto market turned red over the past 24 hours, with Bitcoin, Ethereum and XRP all losing ground. Ethereum led the fall after breaking a key trendline, and each of the three now sits on or near a support level that will decide the next move
Bitcoin: uptrend intact, but rallies are being sold
One analyst said Bitcoin has now closed three weekly candles and a monthly candle above its 50-week moving average, a level that has often acted as support in past bull markets. Bitcoin is also still holding its May high near $83,000
The short-term picture is weaker. He said that every recent rally has been sold and that the moves higher overlap heavily, a sign that sellers are gaining strength
Ethereum: breakdown from a rising triangle
Ethereum was the weakest of the three. Analyst said ETH broke down from a rising triangle after losing support at $2,690 to $2,700, and sellers quickly pushed it toward $2,560
“As long as ETH stays below the broken trendline, I think downside pressure can continue,” he wrote, adding that the reaction at $2,550 to $2,560 “will be important for the next move.”
There was also news on the demand side. Tom Lee said BitMine will stop buying ETH once it holds 5% of Ethereum’s total supply. BitMine has been one of the largest corporate buyers of ETH
XRP: inside support, no bottom confirmed
XRP at $1.44 is trading inside its short-term support zone of $1.32 to $1.49. An analyst said XRP has “a lot more room to the downside” within that zone and may dip further before turning
The larger structure still looks constructive to him. XRP has been making higher lows since August, something it did not do through late 2025 and most of 2026
