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ETH $2,242.55 +7.09%
BNB $615.89 +3.15%
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SOL $84.86 +6.61%
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DOGE $0.0948 +4.80%
ADA $0.2634 +7.93%
BCH $443.42 +2.78%
LINK $9.26 +5.81%
HYPE $38.35 +5.91%
AAVE $95.19 +2.91%
SUI $0.9723 +12.26%
XLM $0.1649 +5.98%
ZEC $320.35 +27.43%

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Ethereum may face a new round of downward risk, analysts warn that it could drop to $1200

Crypto analyst Leshka.eth expressed the view that the recent price trend of Ethereum is showing a technical pattern similar to historical "bull market traps," with a risk of further decline in the short term, potentially targeting $1200, representing a potential drop of about 40% from current levels.The technical indicators show that the Supertrend indicator on the ETH daily chart has failed to sustain its previous two "bullish" signals, which subsequently triggered significant pullbacks of 45% and 48%. A similar structure is now appearing again at the critical level of about $1990; if it breaks below this level, it could trigger a new round of accelerated decline.The fundamentals and capital flows are also weak. On a macro level, geopolitical conflicts in the Middle East and recession expectations are suppressing risk appetite, while the market's expectations for a Federal Reserve interest rate cut have significantly shifted further out; in terms of capital flows, there has been a net outflow of about $300 million from U.S. spot Ethereum ETFs recently, and on-chain demand has dropped to a 16-month low.On-chain data shows that the number of large holding addresses (≥10,000 ETH) has stagnated since peaking, and there are also no significant signs of accumulation from "whale" and "shark" addresses in the 1,000 to 10,000 ETH and 100 to 1,000 ETH ranges, respectively, indicating an overall state of distribution and wait-and-see. In the absence of strong buying support, if key support levels are breached, the ETH price may face further downward pressure.

Bitcoin may drop below $60,000, and the return period could extend to 2027, with increased selling pressure from whales intensifying downside risks

According to Cointelegraph, the latest data shows that if Bitcoin further falls below $60,000, the time for the market to recover to historical highs may be delayed until 2027.Analysis indicates that Bitcoin has retraced about 48% from its peak of approximately $126,000 in 2025. According to historical patterns, for every additional 10% drop, the recovery period is extended by an average of about 80 days. If $60,000 is the bottom for this phase, it is expected to take about 300 days to complete the recovery; however, if it continues to drop to the $40,000-$45,000 range, the overall retracement will exceed 60%, and the recovery period may extend to about 440 days, pushing the timeline to after the second quarter of 2027.On-chain indicators also show that the bottom has not yet been confirmed. The comprehensive market index (BCMI) is currently around 0.27, above the historical bottom range (approximately 0.12-0.15), indicating that there is still room for further downside. In terms of capital flow, the continued selling by whales is intensifying pressure. Data shows that the selling intensity by large holders has reached its highest level in nearly 18 months, while liquidity in both the spot and futures markets is weakening simultaneously. Institutional views suggest that the current market is in a deep adjustment cycle, and if the macro environment remains tight (including high interest rates or even rate hikes), it will further delay the recovery pace of the cryptocurrency market.
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