• bitcoinBitcoin (BTC) $ 106,660.00
  • ethereumEthereum (ETH) $ 2,614.16
  • tetherTether (USDT) $ 0.999987
  • xrpXRP (XRP) $ 2.26
  • bnbBNB (BNB) $ 655.34
  • solanaSolana (SOL) $ 155.21
  • usd-coinUSDC (USDC) $ 0.999773
  • tronTRON (TRX) $ 0.279462
  • dogecoinDogecoin (DOGE) $ 0.176961
  • staked-etherLido Staked Ether (STETH) $ 2,613.05
  • cardanoCardano (ADA) $ 0.645021
  • hyperliquidHyperliquid (HYPE) $ 44.45
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 106,578.00
  • wrapped-stethWrapped stETH (WSTETH) $ 3,151.67
  • suiSui (SUI) $ 3.09
  • chainlinkChainlink (LINK) $ 13.68
  • bitcoin-cashBitcoin Cash (BCH) $ 452.27
  • leo-tokenLEO Token (LEO) $ 9.26
  • avalanche-2Avalanche (AVAX) $ 19.52
  • stellarStellar (XLM) $ 0.264080
  • whitebitWhiteBIT Coin (WBT) $ 51.49
  • the-open-networkToncoin (TON) $ 2.98
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • usdsUSDS (USDS) $ 0.999839
  • wethWETH (WETH) $ 2,612.95
  • wrapped-eethWrapped eETH (WEETH) $ 2,795.62
  • hedera-hashgraphHedera (HBAR) $ 0.160015
  • litecoinLitecoin (LTC) $ 87.52
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999849
  • polkadotPolkadot (DOT) $ 3.91
  • ethena-usdeEthena USDe (USDE) $ 0.999667
  • moneroMonero (XMR) $ 318.23
  • bitget-tokenBitget Token (BGB) $ 4.56
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 106,677.00
  • pepePepe (PEPE) $ 0.000011
  • uniswapUniswap (UNI) $ 7.82
  • pi-networkPi Network (PI) $ 0.598589
  • aaveAave (AAVE) $ 287.86
  • daiDai (DAI) $ 0.999511
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • bittensorBittensor (TAO) $ 380.23
  • okbOKB (OKB) $ 51.67
  • internet-computerInternet Computer (ICP) $ 5.61
  • aptosAptos (APT) $ 4.67
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • nearNEAR Protocol (NEAR) $ 2.32
  • crypto-com-chainCronos (CRO) $ 0.092462
  • jito-staked-solJito Staked SOL (JITOSOL) $ 187.81
  • ethereum-classicEthereum Classic (ETC) $ 17.11
  • ondo-financeOndo (ONDO) $ 0.821245
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.10
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • mantleMantle (MNT) $ 0.628572
  • kaspaKaspa (KAS) $ 0.079573
  • official-trumpOfficial Trump (TRUMP) $ 10.08
  • gatechain-tokenGate (GT) $ 16.45
  • skySky (SKY) $ 0.092125
  • vechainVeChain (VET) $ 0.022639
  • cosmosCosmos Hub (ATOM) $ 4.24
  • fasttokenFasttoken (FTN) $ 4.44
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.724186
  • ethenaEthena (ENA) $ 0.308831
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 106,268.00
  • render-tokenRender (RENDER) $ 3.56
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.203474
  • filecoinFilecoin (FIL) $ 2.53
  • arbitrumArbitrum (ARB) $ 0.336558
  • worldcoin-wldWorldcoin (WLD) $ 1.01
  • quant-networkQuant (QNT) $ 109.28
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,612.00
  • algorandAlgorand (ALGO) $ 0.181526
  • usdt0USDT0 (USDT0) $ 1.00
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.49
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998566
  • spx6900SPX6900 (SPX) $ 1.60
  • usdtbUSDtb (USDTB) $ 0.999833
  • kucoin-sharesKuCoin (KCS) $ 11.17
  • binance-staked-solBinance Staked SOL (BNSOL) $ 164.33
  • jupiter-exchange-solanaJupiter (JUP) $ 0.431250
  • fartcoinFartcoin (FARTCOIN) $ 1.23
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.90
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,974.03
  • nexoNEXO (NEXO) $ 1.23
  • flare-networksFlare (FLR) $ 0.018148
  • celestiaCelestia (TIA) $ 1.80
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,734.88
  • bonkBonk (BONK) $ 0.000016
  • injective-protocolInjective (INJ) $ 11.82
  • sonic-3Sonic (S) $ 0.346709
  • story-2Story (IP) $ 3.60
  • optimismOptimism (OP) $ 0.602276
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999969
  • sei-networkSei (SEI) $ 0.181630
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999118
  • blockstackStacks (STX) $ 0.647639
  • newton-projectAB (AB) $ 0.015450
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,801.39
  • xdce-crowd-saleXDC Network (XDC) $ 0.059421
  • paypal-usdPayPal USD (PYUSD) $ 0.999580
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,738.04
  • kaiaKaia (KAIA) $ 0.157236
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 106,892.00
  • immutable-xImmutable (IMX) $ 0.471812
  • dogwifcoindogwifhat (WIF) $ 0.879785
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,748.86
  • wbnbWrapped BNB (WBNB) $ 655.20
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 106,381.00
  • the-graphThe Graph (GRT) $ 0.089165
  • curve-dao-tokenCurve DAO (CRV) $ 0.621025
  • vaultaVaulta (A) $ 0.537355
  • tether-goldTether Gold (XAUT) $ 3,419.87
  • pax-goldPAX Gold (PAXG) $ 3,442.18
  • clbtcclBTC (CLBTC) $ 106,635.00
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 173.56
  • flokiFLOKI (FLOKI) $ 0.000080
  • msolMarinade Staked SOL (MSOL) $ 202.15
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.37
  • jito-governance-tokenJito (JTO) $ 2.25
  • lido-daoLido DAO (LDO) $ 0.840271
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,828.51
  • zcashZcash (ZEC) $ 45.12
  • theta-tokenTheta Network (THETA) $ 0.722463
  • ousgOUSG (OUSG) $ 111.43
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.11
  • galaGALA (GALA) $ 0.015511
  • bittorrentBitTorrent (BTT) $ 0.00000068
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999290
  • iotaIOTA (IOTA) $ 0.174357
  • the-sandboxThe Sandbox (SAND) $ 0.270706
  • jasmycoinJasmyCoin (JASMY) $ 0.013474
  • aerodrome-financeAerodrome Finance (AERO) $ 0.779231
  • wrapped-hypeWrapped HYPE (WHYPE) $ 44.42
  • walrus-2Walrus (WAL) $ 0.479152
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010080
  • pyth-networkPyth Network (PYTH) $ 0.109267
  • pendlePendle (PENDLE) $ 3.87
  • bitcoin-svBitcoin SV (BSV) $ 31.35
  • usual-usdUsual USD (USD0) $ 0.997636
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 106,532.00
  • tezosTezos (XTZ) $ 0.571258
  • coredaoorgCore (CORE) $ 0.593642
  • raydiumRaydium (RAY) $ 2.21
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • super-oethSuper OETH (SUPEROETH) $ 2,615.07
  • syrupMaple Finance (SYRUP) $ 0.534838
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,615.36
  • flowFlow (FLOW) $ 0.358612
  • falcon-financeFalcon USD (USDF) $ 0.999249
  • tbtctBTC (TBTC) $ 106,196.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,739.95
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,799.42
  • saros-financeSaros (SAROS) $ 0.206644
  • thorchainTHORChain (RUNE) $ 1.55
  • apecoinApeCoin (APE) $ 0.675018
  • staked-hypeStaked HYPE (STHYPE) $ 44.50
  • decentralandDecentraland (MANA) $ 0.269855
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 106,738.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,612.97
  • dexeDeXe (DEXE) $ 8.88
  • true-usdTrueUSD (TUSD) $ 0.996557
  • compound-governance-tokenCompound (COMP) $ 54.01
  • based-brettBrett (BRETT) $ 0.047938
  • grassGrass (GRASS) $ 1.62
  • kavaKava (KAVA) $ 0.431480
  • heliumHelium (HNT) $ 2.50
  • chain-2Onyxcoin (XCN) $ 0.013377
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.176960
  • morphoMorpho (MORPHO) $ 1.46
  • beldexBeldex (BDX) $ 0.061102
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999725
  • usddUSDD (USDD) $ 0.999978
  • dydx-chaindYdX (DYDX) $ 0.530222
  • apenftAPENFT (NFT) $ 0.00000042
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 37.70
  • starknetStarknet (STRK) $ 0.123387
  • keetaKeeta (KTA) $ 1.02
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • neoNEO (NEO) $ 5.79
  • aioz-networkAIOZ Network (AIOZ) $ 0.345394
  • ketKet (KET) $ 0.405949
  • elrond-erd-2MultiversX (EGLD) $ 14.39
  • axelarAxelar (AXL) $ 0.412235
  • ripple-usdRipple USD (RLUSD) $ 0.999732
  • usdbUSDB (USDB) $ 0.992779
  • eigenlayerEigenlayer (EIGEN) $ 1.30
  • ecasheCash (XEC) $ 0.000020
  • stader-ethxStader ETHx (ETHX) $ 2,775.02
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006819
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,659.45
  • arweaveArweave (AR) $ 5.99
  • aethirAethir (ATH) $ 0.039639
  • conflux-tokenConflux (CFX) $ 0.076910
  • eosEOS (EOS) $ 0.534154
  • mog-coinMog Coin (MOG) $ 0.00000099
  • axie-infinityAxie Infinity (AXS) $ 2.38
  • zebec-networkZebec Network (ZBCN) $ 0.004770
  • telcoinTelcoin (TEL) $ 0.004152
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.003784

Ethereum (ETH) Dives 5%, Is a Deeper Bearish Slide Coming?

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Ethereum (ETH) Dives 5%, Is a Deeper Bearish Slide Coming?

  • Ethereum is currently hovering at around the $2.4K mark.
  • The market has seen $284.94 million worth of Ethereum liquidated.

The crypto market cap’s 2.01% slip to the $3.22 trillion mark has pushed the assets into a mixed sentiment. All the major asset prices are charted in red. Assets like Bitcoin (BTC) and Ethereum (ETH) have chosen to trade on the downside. The largest altcoin, Ethereum, has suddenly plummeted by over 5.65% and lost its recent gains.

ETH bears could likely build a negative trend line, and further downside correction brings in more losses. A bullish shift might occur only after the altcoin climbs above the $2.6K mark.

In the early hours, the bulls in command have pushed the ETH price to its daily high at the $2,640.60 range. Later, it steeply fell to the bottom level of $2,387.61 as the bears reclaimed the momentum. Ethereum is currently traded at around $2,462.74, with a market cap of $297 billion.

Notably, the daily trading volume has increased by over 66.23%, reaching $28.13 billion. As per Coinglass data, the market has witnessed a liquidation of $284.94 million worth of Ethereum.

What is Next for Ethereum?

The ETH/USDT trading pair’s Moving Average Convergence Divergence (MACD) line and signal line have crossed below the zero line. This crossover typically indicates the negative momentum in the market. It may drive the price to stay under the bearish pressure. Moreover, the Chaikin Money Flow (CMF) indicator value found at -0.14 suggests moderate selling pressure, and the money is flowing out rather than in.

ETH chart (Source: TradingView)

If ETH’s active downtrend stays, the price could fall to the nearby support at the $2,425 range. An extended correction on the downside might likely trigger the death cross to unfold. The potential bears of Ethereum push the price to steadily plunge toward $2,407 or even lower.

On the upside, assuming the asset’s current momentum shifted gear, entering the bullish zone, ETH could test the key resistance at the level of $2,480. A potent upside correction might invite the golden cross to support the price movement, sending Ethereum to the $2.5K threshold.

In addition, ETH’s Bull Bear Power (BBP) value staying at -164.43 signals a strong bearish momentum in the market, pushing prices below. The downturn may continue until a reversal emerges. The asset’s daily relative strength index (RSI) of 36.02 points to the approaching oversold zone, with the potential of continued weakness.

Source

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