• bitcoinBitcoin (BTC) $ 97,875.00
  • ethereumEthereum (ETH) $ 2,733.17
  • xrpXRP (XRP) $ 2.81
  • tetherTether (USDT) $ 1.00
  • solanaSolana (SOL) $ 199.26
  • bnbBNB (BNB) $ 662.47
  • usd-coinUSDC (USDC) $ 0.999944
  • dogecoinDogecoin (DOGE) $ 0.281593
  • cardanoCardano (ADA) $ 0.810448
  • staked-etherLido Staked Ether (STETH) $ 2,733.21
  • tronTRON (TRX) $ 0.232434
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,642.00
  • chainlinkChainlink (LINK) $ 19.52
  • suiSui (SUI) $ 3.58
  • avalanche-2Avalanche (AVAX) $ 26.88
  • stellarStellar (XLM) $ 0.360885
  • wrapped-stethWrapped stETH (WSTETH) $ 3,256.50
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • hedera-hashgraphHedera (HBAR) $ 0.236929
  • litecoinLitecoin (LTC) $ 129.80
  • the-open-networkToncoin (TON) $ 3.87
  • leo-tokenLEO Token (LEO) $ 9.83
  • hyperliquidHyperliquid (HYPE) $ 26.66
  • usdsUSDS (USDS) $ 0.999476
  • wethWETH (WETH) $ 2,733.75
  • polkadotPolkadot (DOT) $ 5.20
  • mantra-daoMANTRA (OM) $ 7.01
  • bitcoin-cashBitcoin Cash (BCH) $ 345.08
  • bitget-tokenBitget Token (BGB) $ 5.39
  • uniswapUniswap (UNI) $ 10.11
  • ethena-usdeEthena USDe (USDE) $ 0.999830
  • wrapped-eethWrapped eETH (WEETH) $ 2,895.91
  • official-trumpOfficial Trump (TRUMP) $ 22.04
  • pepePepe (PEPE) $ 0.000010
  • moneroMonero (XMR) $ 233.83
  • nearNEAR Protocol (NEAR) $ 3.57
  • ondo-financeOndo (ONDO) $ 1.32
  • aaveAave (AAVE) $ 262.84
  • whitebitWhiteBIT Coin (WBT) $ 27.07
  • aptosAptos (APT) $ 6.15
  • mantleMantle (MNT) $ 1.05
  • daiDai (DAI) $ 0.999861
  • internet-computerInternet Computer (ICP) $ 7.26
  • bittensorBittensor (TAO) $ 395.77
  • susdssUSDS (SUSDS) $ 1.04
  • ethereum-classicEthereum Classic (ETC) $ 21.45
  • okbOKB (OKB) $ 51.93
  • gatechain-tokenGate (GT) $ 23.60
  • vechainVeChain (VET) $ 0.035703
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.325906
  • kaspaKaspa (KAS) $ 0.107107
  • algorandAlgorand (ALGO) $ 0.300284
  • jupiter-exchange-solanaJupiter (JUP) $ 0.956173
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,848.00
  • crypto-com-chainCronos (CRO) $ 0.091500
  • render-tokenRender (RENDER) $ 4.81
  • tokenize-xchangeTokenize Xchange (TKX) $ 30.16
  • filecoinFilecoin (FIL) $ 3.55
  • cosmosCosmos Hub (ATOM) $ 5.02
  • arbitrumArbitrum (ARB) $ 0.497196
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.809428
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999017
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,789.00
  • sonic-3Sonic (prev. FTM) (S) $ 0.557270
  • fasttokenFasttoken (FTN) $ 3.94
  • lido-daoLido DAO (LDO) $ 1.88
  • celestiaCelestia (TIA) $ 3.20
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,737.87
  • raydiumRaydium (RAY) $ 5.66
  • binance-staked-solBinance Staked SOL (BNSOL) $ 206.40
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,834.35
  • optimismOptimism (OP) $ 1.16
  • xdce-crowd-saleXDC Network (XDC) $ 0.099565
  • injective-protocolInjective (INJ) $ 15.57
  • ethenaEthena (ENA) $ 0.482431
  • kucoin-sharesKuCoin (KCS) $ 12.30
  • blockstackStacks (STX) $ 0.987029
  • bonkBonk (BONK) $ 0.000019
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 96,326.00
  • immutable-xImmutable (IMX) $ 0.823234
  • theta-tokenTheta Network (THETA) $ 1.43
  • quant-networkQuant (QNT) $ 97.05
  • movementMovement (MOVE) $ 0.587130
  • the-graphThe Graph (GRT) $ 0.144400
  • nexoNEXO (NEXO) $ 1.37
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,062.59
  • worldcoin-wldWorldcoin (WLD) $ 1.30
  • flare-networksFlare (FLR) $ 0.021756
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,885.74
  • sei-networkSei (SEI) $ 0.244366
  • usual-usdUsual USD (USD0) $ 0.997303
  • jasmycoinJasmyCoin (JASMY) $ 0.023439
  • galaGALA (GALA) $ 0.024644
  • eosEOS (EOS) $ 0.670787
  • dexeDeXe (DEXE) $ 17.74
  • the-sandboxThe Sandbox (SAND) $ 0.410724
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 94,616.00
  • msolMarinade Staked SOL (MSOL) $ 252.90
  • flokiFLOKI (FLOKI) $ 0.000102
  • tezosTezos (XTZ) $ 0.918521
  • jito-governance-tokenJito (JTO) $ 3.21
  • ethereum-name-serviceEthereum Name Service (ENS) $ 27.45
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.40
  • iotaIOTA (IOTA) $ 0.248376
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,833.55
  • bittorrentBitTorrent (BTT) $ 0.00000088
  • makerMaker (MKR) $ 1,009.52
  • flowFlow (FLOW) $ 0.532748
  • wbnbWrapped BNB (WBNB) $ 663.28
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 216.51
  • pyth-networkPyth Network (PYTH) $ 0.227171
  • neoNEO (NEO) $ 11.50
  • telcoinTelcoin (TEL) $ 0.010392
  • bitcoin-svBitcoin SV (BSV) $ 39.99
  • roninRonin (RON) $ 1.27
  • kaiaKaia (KAIA) $ 0.134285
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 97,663.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.53
  • spx6900SPX6900 (SPX) $ 0.802762
  • usddUSDD (USDD) $ 1.00
  • axie-infinityAxie Infinity (AXS) $ 4.56
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.281877
  • chain-2Onyxcoin (XCN) $ 0.022192
  • dogwifcoindogwifhat (WIF) $ 0.718147
  • tether-goldTether Gold (XAUT) $ 2,883.43
  • heliumHelium (HNT) $ 3.96
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010959
  • curve-dao-tokenCurve DAO (CRV) $ 0.531429
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,884.86
  • aerodrome-financeAerodrome Finance (AERO) $ 0.857560
  • elrond-erd-2MultiversX (EGLD) $ 23.43
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,732.36
  • decentralandDecentraland (MANA) $ 0.340797
  • arweaveArweave (AR) $ 9.71
  • fraxFrax (FRAX) $ 0.996290
  • berachain-beraBerachain (BERA) $ 5.84
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • usdx-money-usdxusdx.money USDX (USDX) $ 0.999480
  • pendlePendle (PENDLE) $ 3.77
  • starknetStarknet (STRK) $ 0.240130
  • dydx-chaindYdX (DYDX) $ 0.823144
  • pax-goldPAX Gold (PAXG) $ 2,908.79
  • conflux-tokenConflux (CFX) $ 0.120867
  • beam-2Beam (BEAM) $ 0.011186
  • matic-networkPolygon (MATIC) $ 0.326202
  • chilizChiliz (CHZ) $ 0.061248
  • resolv-usrResolv USR (USR) $ 1.00
  • pumpbtcpumpBTC (PUMPBTC) $ 95,244.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,734.08
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,733.07
  • meowMEOW (MEOW) $ 0.006158
  • coredaoorgCore (CORE) $ 0.556454
  • insurance-2INSURANCE (INSURANCE) $ 29.10
  • apecoinApeCoin (APE) $ 0.745584
  • ecasheCash (XEC) $ 0.000027
  • wormholeWormhole (W) $ 0.185408
  • aioz-networkAIOZ Network (AIOZ) $ 0.461377
  • zcashZcash (ZEC) $ 33.30
  • kavaKava (KAVA) $ 0.485216
  • ai16zai16z (AI16Z) $ 0.469729
  • beldexBeldex (BDX) $ 0.075143
  • compound-governance-tokenCompound (COMP) $ 57.88
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009022
  • true-usdTrueUSD (TUSD) $ 0.998438
  • newton-projectAB DAO (AB) $ 0.011085
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 97,864.00
  • amp-tokenAmp (AMP) $ 0.005820
  • thorchainTHORChain (RUNE) $ 1.38
  • morphoMorpho (MORPHO) $ 2.17
  • clbtcclBTC (CLBTC) $ 97,555.00
  • fartcoinFartcoin (FARTCOIN) $ 0.479063
  • akash-networkAkash Network (AKT) $ 1.93
  • based-brettBrett (BRETT) $ 0.046826
  • story-2Story (IP) $ 1.84
  • gnosisGnosis (GNO) $ 176.90
  • axelarAxelar (AXL) $ 0.498826
  • tbtctBTC (TBTC) $ 97,611.00
  • quantixaiQuantixAI (QAI) $ 85.74
  • mina-protocolMina Protocol (MINA) $ 0.365823
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000080
  • chex-tokenCHEX Token (CHEX) $ 0.438354
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 2,719.00
  • apenftAPENFT (NFT) $ 0.00000044
  • eigenlayerEigenlayer (EIGEN) $ 1.77
  • deepDeepBook (DEEP) $ 0.170463
  • olympusOlympus (OHM) $ 25.80
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.01
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999790
  • zksyncZKsync (ZK) $ 0.111904
  • super-oethSuper OETH (SUPEROETHB) $ 2,734.83
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,979.43
  • usdbUSDB (USDB) $ 1.01
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • grassGrass (GRASS) $ 1.63
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,733.89
  • verus-coinVerus (VRSC) $ 5.04
  • 1inch1inch (1INCH) $ 0.272457
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • echelon-primeEchelon Prime (PRIME) $ 6.89

Ethereum Price Analysis: ETH Plunges 10% Weekly, What’s the Next Target?

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Ethereum Price Analysis: ETH Plunges 10% Weekly, What’s the Next Target?

Ethereum’s price is yet to recover from the drop it has been experiencing lately. Therefore, more downside could be expected in the coming weeks.

Technical Analysis

By Edris Derakhshi (TradingRage)

The Daily Chart

On the daily chart, the price has been making lower highs and lows since getting rejected from the resistance at $4,000. Several support levels have been lost in the last few months, especially the 200-day moving average, located around the $3,000 mark.

While the price has already dropped to the $2,200 support and rebounded, there is still the chance for the market to decline lower as long as the cryptocurrency remains below the 200-day moving average.

Ethereum Price Analysis: ETH Plunges 10% Weekly, What’s the Next Target?

The 4-Hour Chart

Looking at the 4-hour timeframe, the price has gradually declined inside a large falling wedge pattern. While the market broke the pattern to the downside on Monday, it recovered, reclaiming the $2,800 level. Yet, the RSI still shows values below 50%, indicating that the momentum is still bearish.

Therefore, if the price does not break back above the $3,000 level soon, a deeper correction or a longer consolidation could be expected in the coming weeks.

Ethereum Price Analysis: ETH Plunges 10% Weekly, What’s the Next Target?

Sentiment Analysis

By Edris Derakhshi (TradingRage)

Ethereum Open Interest

As Ethereum’s price is in a steep downtrend, market participants wonder where the price will finally find support. Analyzing the futures market sentiment could provide helpful insights into this situation.

This chart presents the Ethereum funding rates metric, which measures whether the buyers or the sellers are executing their orders aggressively (using market orders) on aggregate. Favourable funding rates indicate bullish sentiment, while negative values show bearish sentiment.

As the chart suggests, the funding rates have dropped significantly following the recent crash. Judging by its current values, it is safe to say that the futures market is no longer overheated. However, without sufficient demand in the spot market, the market will not be able to recover any time soon.

Ethereum Price Analysis: ETH Plunges 10% Weekly, What’s the Next Target?

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