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Ethereum Price Dips Deeper—Is a Rebound Possible?

Ethereum price started a fresh decline from the $2,450 resistance zone. ETH is now consolidating losses and might face hurdles near $2,400 and $2,450. Ethereum is facing an increase in selling below the $2,450 zone. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,390 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,400 and $2,500. Ethereum Price Extends Losses Ethereum price failed to clear the $2,550 resistance zone and started a fresh decline, like Bitcoin . ETH gained pace below the $2,500 and $2,450 support levels to move further in a bearish zone. The price declined over 5% and even traded below the $2,320 support zone. A low was formed at $2,251 and the price is now consolidating losses. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the $2,519 swing high to the $2,251 low. Ethereum price is now trading below $2,450 and the 100-hourly Simple Moving Average . There is also a connecting bearish trend line forming with resistance at $2,390 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,380 level or the 50% Fib retracement level of the downward move from the $2,519 swing high to the $2,251 low. The first major resistance is near the $2,420 level. The main resistance is now forming near $2,450. A clear move above the $2,450 resistance might send the price toward the $2,500 resistance. An upside break above the $2,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,620 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,500 resistance, it could start another decline. Initial support on the downside is near the $2,315 level. The first major support sits near the $2,250 zone. A clear move below the $2,250 support might push the price toward the $2,200 support. Any more losses might send the price toward the $2,120 support level in the near term. The next key support sits at $2,050. 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 – $2,250 Major Resistance Level – $2,500

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Bitcoin Struggles Amid Tariff Concerns and Economic Slowdown, Market Dominance Dips to 59.5%

On February 27th, COINOTAG reported that President Trump convened his initial cabinet meeting, where he reaffirmed plans to implement **tariffs** targeting Canada, Mexico, and a notable **25% tariff** on the NewsBTC

Bitcoin Plunge Below $89,000: Are We Nearing a Bottom? Analyst Weighs In

Bitcoin’s downward trajectory continues, with its price slipping below $89,000, marking an 8.5% loss over the past week. This extended decline has raised concerns among investors about whether the bottom is finally in. Recent market behavior suggests that significant capitulation is taking place, which some analysts believe could indicate a turning point. Related Reading: Bitcoin’s Ongoing Dip: Here’s What Analysts Are Saying Massive Bitcoin Sell-Off: Is The Bottom In? A key observation has emerged from a CryptoQuant analyst known as caueconomy, who recently highlighted what he describes as the “largest Bitcoin capitulation” event of 2025. In a post titled “The biggest Bitcoin capitulation since August 2024 – bottom is in?,” caueconomy noted that more than 79,000 BTCs were sold at a loss within a single day, amounting to roughly $1.7 billion. This sell-off, according to caueconomy, is reminiscent of the capitulation event in August 2024, when Japan’s interest rate hikes triggered widespread deleveraging across global markets. Caueconomy’s analysis points to a critical juncture for Bitcoin. He observed that the previous capitulation event in August 2024 marked a short-term bottom, as the market stabilized and eventually rallied to $100,000 by December. While he acknowledges that it’s impossible to guarantee the current price won’t drop further, the scale of this capitulation presents a potential opportunity for long-term investors. The analyst’s insights offer a mixed picture: although the market may face continued pressure, the extent of recent selling activity could indicate that many “weak hands” have been shaken out. This process, while painful in the short term, often sets the stage for a more solid price foundation, enabling a recovery down the line. The biggest Bitcoin capitulation since August 2024 – bottom is in? “A total of more than US$ 1.7 billion in coins were distributed at a loss on the 25th, being the biggest capitulation since August 5th.” – By @caueconomy Read more ⤵️https://t.co/gclTPwRqgr pic.twitter.com/sxmF2tw79r — CryptoQuant.com (@cryptoquant_com) February 26, 2025 Ongoing Bearish Indicators Persist Despite these observations, other analysts remain cautious about calling a market bottom. In another analysis shared on CryptoQuant’s platform, an analyst known as Nino highlighted several bearish indicators that have surfaced in recent weeks. Negative funding rates on various derivatives exchanges, combined with a negative Coinbase Premium, suggest a continued dominance of short positions and heightened selling pressure in the spot market. Related Reading: Market Signals Point To Caution: Bitcoin’s 3-Day Chart Shows Potential Sell Alert Nino explained that when funding rates are negative, futures prices are trading below spot prices, reflecting an increase in short interest. Simultaneously, a negative Coinbase Premium indicates that selling on Coinbase has been substantial enough to push its spot price below that of other exchanges. The CryptoQuant analyst added: These figures together highlight a strong bearish sentiment among market participants, with short-selling pressure outpacing that of long positions in this recent downturn. All of these findings are strictly based on what can be observed from the chart, offering a glimpse into the overall market mood. Featured image created with DALL-E, Chart from TradingView NewsBTC