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Abhay H
Bitcoin & Altcoins

Late Longs Beware: 5 Signs of an Ethereum Fakeout

by admin
written by admin

Late Longs Beware: 5 Signs of an Ethereum Fakeout

Will $ETH break? Or drop hard? Traders watch this ETH move. Look for signals. Read to the end. Find targets that traders usually miss.

Ethereum trades $3747 today. $ETH above $3550 support. Discover targets.

What are the support and resistance levels for $ETH?

Level Price (USD) Description
Support 1 $3550 100 EMA is the 100-day Exponential Moving Average. It is the average price over the last 100 days. It shows market trends over a mid or long term.
Support 2 $3400 Bollinger Bands are volatility bands. They expand and contract based on the market volatility. The lower Bollinger Band is the lower deviation from the 20-day simple moving average.
Resistance 1 $3850 50 EMA is the 50-day Exponential Moving Average. It is the average price over the last 50 days. It shows market trends over a short or mid-term.
Resistance 2 $4000 Upper Bollinger Band is the upper deviation from the 20-day simple moving average.

FAQ

What price targets should I consider for Ethereum $ETH?

Support $3550. Resistance $3850. Extension target $5983.

Should I sell Ethereum to take profits or wait?

Stochastic RSI 45. Resistance $3850. Stop-loss $3400.

How do I set stop-loss levels for Ethereum?

Place stops below $3400. Use swing lows.

What are the Ethereum moving averages indicating?

EMA50 $3850. EMA100 $3550. ETH trades $3747. Compare for trend.

What should a buyer or seller do?

Buy near $3550 or $3400. Stops below $3400. Sell near $3850 or $4000. Take profits $5983. Manage risk.

How do Fibonacci levels affect the Ethereum price?

Fibonacci 61.8% at $2962. Fibonacci 138.2% targets $5983.

What does $ETH momentum show?

Stochastic RSI 45. Above 80 is overbought. Below 20 is oversold. 20-80 shows neutral momentum.

Conclusion

Ethereum shows weakness below $3850. Eyes on $3550 for breakdown. Momentum favors bears. Sell-off may follow. Stay cautious. Protect capital.

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Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Ethereum and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.

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First Bearish Signs Appear as BTC Falls by $20K From ATH
Bitcoin & Altcoins

First Bearish Signs Appear as BTC Falls by $20K From ATH

by admin
written by admin

Bitcoin has continued its corrective move this week, dropping from all-time highs and testing key trendline and support levels. While the broader macro structure remains bullish, the short-term outlook suggests consolidation or even deeper downside if buyer momentum fails to step in soon.

Technical Analysis

By Shayan

The Daily Chart

On the daily timeframe, BTC has broken below the 100-day moving average, located around $115K, but is currently sitting right on the lower trendline of the large ascending channel and the critical 200-day moving average. This area also aligns with a previous order block and is acting as major support.

However, RSI remains under 40, reflecting a clear loss of bullish momentum, and unless the price rebounds quickly, this trendline could break, opening the door toward levels below the key $100K zone, which could lead to an overall bearish shift in market trend.

The 4-Hour Chart

Zooming in, it is evident that BTC has formed a minor base around $105K after the breakdown of $115K and $109K levels. The asset is struggling to reclaim the $108K-$109K zone that has now turned into resistance. Moreover, the RSI is slightly bouncing but still lacks strong momentum, hovering around 38.

The overall structure still favors the bears in the short term unless a strong reclaim of $110K followed by higher lows materializes. Otherwise, sellers could push BTC into the $100K region or even lower.

Sentiment Analysis

Futures Average Order Size

Futures order size data shows a dramatic shift from whale activity toward smaller, retail-driven positions over the past few weeks. As the price began correcting in September, the number of large whale orders started to vanish, replaced almost entirely by smaller retail trades.

This suggests that the smart money has stepped aside from leveraged positions, while retail traders continue to engage. This often occurs during trend exhaustion phases and the latter stages of bull markets, which is a very concerning development.

It reinforces the idea that the recent dip is not driven by strong accumulation, which increases the risk of further downside unless new institutional demand steps in.

 

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Cryptocurrency charts by TradingView.

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Bitcoin Price Shows Signs That $126K Was The Peak
NFT Marketplace

Bitcoin Price Shows Signs That $126K Was The Peak

by admin
written by admin

Key takeaways:

  • Market analysts believe the Bitcoin bull run could soon come to an end.  

  • BTC price risks a 50% correction to $52,200 if key support levels fail, according to technical analysis.

Bitcoin (BTC) fell to $103,500 on Friday, resulting in over $916 million in liquidations of leveraged long positions and dampening sentiment in BTC markets.

Investors appear to be losing confidence after two straight weeks of failing to hold prices above $110,000. But does this mean the bull run is over?

Bitcoin bull run “ends in 10 days”

Bitcoin may only have a few days of price expansion left in the cycle, especially if it follows historical patterns from past bull runs, according to analyst CryptoBird.  

The Bitcoin “bull run ends in 10 days,” the analyst said in an X thread on Tuesday, basing the forecast on previous cycles.

Related: Bitcoiners push to bring BTC payments to Signal as privacy meets crypto

Cycle Peak Countdown shows that the Bitcoin bull run is 99.3% done, as weak hands are shaken out “in a classic pre-peak pattern,” the analyst said.

“1,058 days since cycle low = 99.3% complete, with only 0.7% remains of this historic bull cycle. Our October 24 target is exactly 10 days away.”

According to the analyst, the ongoing pullback is right on schedule, adding that it appears to be a classic pre-peak behavior that occurs in every major cycle, as “final weak hands getting flushed before the euphoric top.” 

BTC/USD chart  Source: CryptoBird

It has been 543 days since the 2024 Bitcoin halving, which put the BTC market “+25 days inside the historical 518-580 day peak window,” the analyst said, adding:

“We’re not just in the zone – we’re deep in the statistical heart where every major Bitcoin top has occurred.”

Bitcoin price history. Source: Coinmetrics

As Cointelegraph reported, the Bitcoin Fear and Greed Index has hit yearly lows of 22, signifying “extreme fear” among investors. 

CryptoBird said that this represents a complete reset in market sentiment before BTC embarks on its final leg. 

“This emotional washout creates the perfect launchpad for final leg euphoria.”

Bitcoin price could drop to $50,000: Analysts

Bitcoin’s drop below key support levels today, including the 200-day simple moving average, has led to structural weaknesses, which could potentially lead to a deeper correction, according to analysts.

The price is “now testing the 0.786 fibonacci retracement level around $104,000,” analyst Daan Crypto Trades said in an X post on Friday, adding that losing this level would bring June lows at $98,000 into the picture. 

“Touching grass if bulls can’t manage to hold this level this week.”

BTC/USD daily chart. Source: Daan Crypto Trades

Fellow analyst Captain Faibik highlighted that Bitcoin appears to be following a rising wedge pattern on the weekly chart, with a measured target of $52,200.

“The Bitcoin bull run is over,” the analyst said in a Friday post, adding:

“A 50% bearish correction is likely incoming in the midterm.”

BTC/USD weekly chart. Source: Captain Faibik 

As Cointelegraph reported, retail interest in Bitcoin is already at bear market levels, reflecting caution and anticipation of deeper BTC price drawdowns.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.