Ethereum Price Analysis: ETH Drops to Critical Area but is $1.5K in Play?

CryptoPotato

Ethereum is facing strong downward pressure after losing its bullish grip near the $2,900 mark earlier this month. The broader market downturn, combined with rising liquidation activity and a weakening technical structure, has pushed ETH back below critical levels.

Both price action and on-chain metrics suggest a cautious outlook in the short term, with the next few sessions likely to determine whether ETH stabilizes or heads for deeper corrections.Ethereum Price Analysis: Technicals

By ShayanThe Daily Chart

The daily chart shows a clear bearish breakdown from an ascending channel that had been developing since early May.

This pattern played out with high precision, sending ETH down from nearly $2,900 to just above $2,200 within a few days. The price tapped into the large Fair Value Gap (FVG) zone between $1,900–$2,200, where some buyers stepped in. However, despite the wick into the FVG and the bounce from the 200-day moving average, momentum remains weak.

The 100-day moving average, located around the $2,200 mark, is also acting as support. Yet, the rejection from the 200-day MA around the $2,600 mark reinforces the idea that sellers are in control.

Moreover, the RSI is currently around 35, not yet oversold but hovering near critical territory. If the mentioned FVG fails to hold, the next major support zone lies at $1,500, a level that previously served as the base for the April rally. Therefore, the buyers will need to see a reclaim of the 200-day moving average followed by strong volume to consider any meaningful bullish continuation.The 4-Hour Chart

Zooming into the 4-hour timeframe, ETH has been in a steady downtrend since losing the ascending channel support earlier this month. After breaking down, the price retested the lower boundary of the channel and failed to reclaim it, leading to a swift drop toward the $2,100 area. This level has provided temporary relief, but the bounce appears weak and corrective.

There is a visible bearish structure forming with lower highs and lower lows. The RSI on this timeframe is around 34, echoing the bearish momentum and lack of strength in bullish attempts. Unless Ethereum can recover above $2,300 and hold that level as new support, the current selling pressure could lead to another leg down toward the $2,000 level. If the selloff intensifies, the next significant demand zone lies near $1,800.Sentiment Analysis

Ethereum Long Liquidations

The liquidation chart reveals a massive spike in long liquidations over the past few days, corresponding with Ethereum’s aggressive move down to $2,200. This uptick indicates that many late long positions entered around the $2,600–$2,800 levels were wiped out during this drop.

These liquidations can temporarily exaggerate downside movements, especially in highly leveraged environments, and that seems to be what played out here.

The total long liquidations reached levels not seen in several months, showing how crowded the bullish trade had become.

While this could reduce some sell-side pressure in the short term, as the most vulnerable positions have been cleared, it also reflects a shift in sentiment from bullish to defensive. With confidence shaken and many traders underwater, any rebound attempts might be met with selling pressure from participants eager to exit or short any lower high.

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Ripple Price Analysis: XRP Taps $2 But How Low Can it Go?

CryptoPotato

XRP has entered a critical phase in its market structure, with bearish pressure intensifying across both its USD and BTC pairs.

After weeks of consolidation just above key support zones, the asset has now broken down, triggering concern among traders and investors alike. This shift in momentum reflects not only technical weakness but also XRP’s continued underperformance relative to both Bitcoin and other major altcoins.XRP Price Analysis: Technical

By ShayanThe USDT Pair

On the daily chart, XRPUSDT remains compressed within a long-term descending channel pattern, bounded by a descending trendline from the yearly highs and a horizontal support near $1.60.

Tons of sell-side liquidity resting below the $2 level have been swept today, as the pair is currently trading below both the 100 and 200 moving averages, which are located in the $2.20-$.240 range. The RSI is also hovering near 34, indicating the lack of momentum and confirming the range-bound behaviour. If sellers manage to breach $1.95, the next logical demand zone lies around $1.6.

Meanwhile, upside resistance remains at the upper bound of the channel near $2.40 and the moving averages mentioned earlier. A clean break and daily close above these resistance elements would potentially confirm a bullish rally, with the target being around $3. Until then, this is still a neutral to slightly bearish structure favouring range traders rather than trend-followers.The BTC Pair

Against Bitcoin, XRP has shown persistent weakness since March, consistently printing lower highs and lower lows. The chart highlights a clear bearish market structure.

Both the 100 and 200 moving averages, located near the 2,400 SAT mark, are angled downward after a bearish crossover, and the RSI is still depressed near 32, reflecting ongoing relative underperformance.

Meanwhile, the pair is approaching the imbalance zone (FVG) left from the explosive rally in late 2024. This pocket, located just below 1900 SAT, could act as a support zone for a potential relief bounce. If the buyers step in here, the first challenge lies near the 2200 SAT resistance level. A decisive move above that area could shift short-term momentum, but unless that happens, the pair remains locked in a clear bearish structure.

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Trump Media Plans a Stock Buyback. It's Still Going to Buy Bitcoin. — Barrons.com

Dow Jones Newswires

By Mackenzie Tatananni

Trump Media and Technology Group said its board had approved a buyback of up to $400 million of the company's common stock, weeks after vowing to sell millions of dollars worth of shares in pursuit of its Bitcoin treasury aspirations.

The repurchase program, comprising either stocks or warrants, will be carried out through open market transactions, with repurchased shares to be retired by the company, Trump Media Group said on Monday.

At first glance, the program may appear to be the opposite of what the company said it would be doing. The Truth Social parent has committed to buying up Bitcoin, similar to MicroStrategy. At the end of May, the company announced a private placement offering of stock and debt worth roughly $2.5 billion to fund future purchases of cryptocurrency.

The company said Monday that it "now has approximately $3 billion on its balance sheet," giving it the flexibility to take actions that support "strong shareholder returns."

Shares of Trump Media, which is majority-owned by the president, have been battered by the spat between Trump and Tesla CEO Elon Musk. Since Trump took office on Jan. 20, shares have cratered 53%.

The stock rose 3.3% to $18.43 on Monday. The benchmark S&P 500 and Nasdaq Composite were up 0.2% and flat, respectively.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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Ripple (XRP) Price Predictions for This Week

CryptoPotato

XRP touched $2 and is holding steady despite the recent turbulence.

Key Support levels: $2

Key Resistance levels: $2.3, $2.6, $31. Buyers Are Making a Stand

On Sunday, the market crashed after the US bombed Iran. The XRP price went as low as $1.9 before recovering above $2 which is also a key support. At the time of this post, buyers appear determined to defend this level and the price appears to hold steady here. This is encouraging, but sellers may return.2. Momentum Remains Bearish

Despite the recent bounce, the overall momentum remains bearish on higher timeframes such as daily or weekly. For example, the MACD is falling on those two timeframes and does not give any signs of a possible reversal. This implies that the $2 support will be put under significant pressure still.3. RSI Oversold

On lower timeframes, such as the 4H, the RSI shows XRP is oversold. This is also why the price bounced from $1.9 to $2. However, this could be only temporary before sellers attempt another push to break the key support. If they are successful, then XRP could fall to $1.6 next.

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Bitcoin ASIC producer Canaan pilots US production, exits AI business

Cointelegraph

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Cardano Oversold? Open Interest Data Teases Bullish Outlook

U.Today

Cardano , the 10th-largest cryptocurrency by market capitalization, appears oversold after the price plummeted following regional tensions in the Middle East. In the last 24 hours, however, Cardano has flashed bullish signals as there has been an uptick in open interest.

Open interest climbs as traders eye Cardano recovery

According to CoinGlass data, Cardano’s open interest has climbed by 1.11%, as 1.25 billion ADA were committed to the futures market. This volume of ADA translates to $680.99 million in fiat currency. The development suggests the market is tilting toward recovery.

According to CoinMarketCap data, Cardano rose to a peak of $0.5513 as traders revived interest in ADA. ADA has pulled back slightly and currently exchanges at $0.5430, representing a 0.51% decline in the last 24 hours.

Meanwhile, Cardano’s trading volume has spiked by 14.11% to $997.38 million. The hope of Cardano sustaining a recovery now relies on investors increasing volume by a huge margin. If this outlook is sustained, ADA has the potential to attain higher price levels.

It is worth mentioning that the spike in open interest was more common among traders on Binance, Bitget, Bybit and Gate.io. Notably, Binance led with $155.68 million, or 22.86% of the committed amount. The other exchanges, Bitget, Bybit and Gate.io, had 18.84%, 16.15% and 13.85%, respectively.

Cardano market sentiment remains optimistic

As U.Today reported, Cardano’s Relative Strength Index (RSI) indicator might have reached oversold territory as the RSI fell to 23, suggesting a possible reversal.

Meanwhile, Cardano recently hit a major milestone with 110 million transactions. This signals growing adoption as on-chain activity continues to spike. The number of delegated wallets has also soared as a result.

Amid these positive sentiments, Cardano investors are confident that ADA will not slip from the top 10 crypto assets by market capitalization. The asset keeps consolidating despite the volatility it has been facing.

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