Binance has announced the listing of MyShell (SHELL) as the 10th project on the HODLer Airdrops page, rewarding users who participated in BNB Simple Earn and On-Chain Yields subscriptions.

MyShell is a decentralized AI consumer layer, designed to connect AI creators, researchers, and users within an open-source ecosystem.

Eligible users who held BNB between February 14, 2025, and February 18, 2025, have received SHELL tokens through the HODLer Airdrops program.

Additionally, Binance listed SHELL for trading on February 27, 2025, at 13:00 UTC, opening pairs against BTC, USDT, USDC, BNB, FDUSD, and TRY.

Why Trade SHELL on Binance?

Binance remains the leading exchange for new token listings, offering a highly liquid and secure trading environment.

A detailed Binance review covers the platform’s security, fees, and trading options, helping traders understand why Binance is the top choice for digital asset trading.

SHELL HODLer Airdrop Details

How to Trade SHELL with Lower Fees on Binance

Trading on Binance can lead to increased fees due to high trading activity and market demand. To reduce costs, new users can sign up using a Binance referral and receive:

• 20% off spot trading fees
• 10% off futures trading fees
• Exclusive cashback bonuses for eligible users

By taking advantage of the Binance referral program, traders can optimize their trading costs and maximize their profit potential.

What is Binance HODLer Airdrops?

Binance HODLer Airdrops is a rewards program for BNB holders, distributing free tokens based on historical BNB balance snapshots. Users who subscribe their BNB to Simple Earn (Flexible or Locked) or On-Chain Yields are automatically eligible for these airdrops.

Unlike other reward programs that require active participation, HODLer Airdrops retroactively reward users without extra actions. This makes it a simple and passive way to earn additional crypto assets on Binance.

The post Binance Lists MyShell (SHELL): HODLer Airdrops and Rewards Explained appeared first on Cyber Cryptonomics.

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

The post Ethereum Key Support: Cost Basis Data Points To $1,890 As Make-Or-Break Level appeared first on Cyber Cryptonomics.

Ethereum has experienced a massive drop, losing over 27% of its value in less than five days as the market faces extreme fear and uncertainty. The rapid sell-off has fueled speculation that a bear market could be on the horizon, with many analysts calling for further downside in the coming months.

Related Reading

However, despite the overwhelming bearish sentiment, there is still a chance for Ethereum to recover as the price is now testing a crucial demand level. If bulls manage to hold this area, ETH could stage a strong rebound and shift momentum back in favor of buyers.

Top analyst BigCheds shared a technical analysis on X, noting that ETH is reapproaching a critical monthly demand level, which could define Ethereum’s next major move. Historically, price reactions at this level have led to either a strong bounce or further capitulation, making the current market conditions a pivotal moment for Ethereum’s long-term trajectory.

The next few days will be crucial as Ethereum attempts to stabilize and reclaim key price levels. If buyers step in aggressively, ETH could start a recovery rally, but failure to hold support may lead to further downside risks.

Ethereum Struggles Below $2,200

Ethereum is trading below $2,200, struggling to regain momentum after a severe market-wide correction. The altcoin sector continues to bleed, and ETH has now lost nearly 50% of its value since peaking at $4,100 in mid-December. Bulls face a critical test as they must defend key demand levels to prevent further selling pressure and attract strong buying interest.

Related Reading

The situation is highly volatile, with market sentiment shifting toward extreme fear. Investors worry that Ethereum could continue its decline if bulls fail to hold support and initiate a meaningful recovery. Many analysts remain cautious, warning that ETH could enter a prolonged consolidation phase if it fails to regain lost ground.

BigChed’s insights on X highlight that Ethereum is now re-approaching a key high-timeframe demand zone of around $2,000. According to Cheds, this is a must-hold level—losing this zone could trigger a deeper correction, while a strong defense could pave the way for a potential recovery rally.

The next few days will be crucial for Ethereum. If bulls manage to reclaim $2,200 and push toward $2,500, a reversal could take place. However, failure to hold $2,000 could see ETH drop further, potentially testing lower demand zones in the coming weeks.

Price Testing Demand – Can Bulls Regain Control?

Ethereum is trading at $2,120 after enduring days of massive selling pressure that pushed the price to its lowest level in months. ETH is currently holding above a high-timeframe demand level around $2,000, a crucial zone that must be defended to avoid further downside. However, sentiment remains fragile, and if Ethereum fails to hold this level, it could trigger a dramatic sell-off leading to even lower prices.

Bulls face an urgent challenge to regain control of price action. The $2,200 level now acts as the first key resistance, and a breakout above this mark would be the first step toward stabilization. Beyond that, ETH must push above $2,500 as soon as possible to confirm a potential trend reversal and signal the start of a recovery rally.

Related Reading

If bulls fail to hold the $2,000 support, Ethereum could face increased volatility and a steep decline, potentially testing lower demand zones. The next few trading sessions will be critical, as ETH’s ability to stay above key levels will determine whether the market stabilizes or enters a deeper correction phase in the coming weeks.

Featured image from Dall-E, chart from TradingView

The post Ethereum Retraces To Critical Monthly Demand Level – Can ETH Hold Selling Pressure? appeared first on Cyber Cryptonomics.

Has Bitcoin topped out, or is the current fall only a pullback in a solid uptrend? That is the big question in trader’s minds. Binance CEO Richard Teng said in a post on X that the current pullback was a “tactical retreat” and “not a reversal.” He added that crypto markets bounce back sharply after such corrections.

Although analysts remain bullish for the long term, traders need to be careful in the short term. If the $85,000 support cracks, Bitcoin risks $1 billion worth of liquidations of leveraged long positions across all exchanges, per CoinGlass data.

Could Bitcoin recover from $85,000, or will the level break down? How are the altcoins positioned? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin collapsed below the $90,000 support on Feb. 25, completing a bearish double-top pattern. This setup has a target objective of $70,412.

However, the bulls are unlikely to give up easily. The oversold level on the relative strength index (RSI) signals a possible relief rally in the near term. Any bounce is likely to face solid selling at $90,000. If the price turns down sharply from $90,000, it suggests that the bears have flipped the level into support. That increases the risk of a fall to $73,777.

Time is running out for the bulls. If they want to make a comeback, they will have to swiftly push the BTC/USDT pair back above $90,000. The 20-day exponential moving average ($95,194) may again pose a challenge, but if the bulls prevail, it will signal that the correction may be over.

Ether price analysis

Ether (ETH) turned down sharply from the overhead resistance of $2,850 on Feb. 24, signaling that the bears are fiercely defending the level.

The selling picked up after the price slipped below the $2,520 support, pulling the ETH/USDT pair toward the next strong support at $2,300. Buyers are trying to start a recovery, which is expected to face selling at $2,520 and then at the 20-day EMA ($2,700).

Buyers will gain the upper hand if they push and maintain the price above the 50-day SMA ($2,974). Conversely, a break below $2,300 could clear the path for a drop to the critical support at $2,111. 

XRP price analysis

XRP (XRP) broke below the support line of the symmetrical triangle pattern on Feb. 24, suggesting that the bears have overpowered the bulls.

The bulls tried to make a comeback by pushing the price back into the triangle on Feb. 25, but the bears are defending the level. If the price turns down sharply from the support line, it will signal that the bears have flipped the level into resistance. The XRP/USDT pair could descend to $1.80.

Instead, if buyers drive the price back into the triangle, the pair could reach the 20-day EMA ($2.54). This remains the key short-term level to watch out for because a recovery above the 20-day EMA suggests that markets have rejected the break below the support line.

BNB price analysis

BNB (BNB) broke below the $635 support on Feb. 24, bringing the larger $460 to $745 range into play.

The bulls are trying to start a relief rally, which is expected to face selling at the 20-day EMA ($644). If the price turns down sharply from the 20-day EMA, the risk of a break below $586 increases. The BNB/USDT pair could then plummet to $557.

This bearish view will be negated in the short term if the price rises and breaks above the 50-day SMA ($660). The pair could rally to $686, which is expected to attract selling by the bears.

Solana price analysis

Solana (SOL) has been in a strong downtrend, but the bulls are trying to arrest the decline at $133, as seen from the long tail on the Feb. 25 candlestick.

The RSI in the oversold territory suggests that a recovery is likely in the near term. The SOL/USDT pair could rise to the 38.2% Fibonacci retracement level of $150 and the 50% retracement level of $156. If the price turns down from the overhead resistance, the risk of a break below $133 increases.

On the contrary, a break and close above $156 suggests that the selling pressure is reducing. The bulls will then try to push the pair to the 20-day EMA ($175).

Dogecoin price analysis

Dogecoin (DOGE) closed below the support line of the descending channel pattern on Feb. 24, indicating that the bears are in control.

The bulls are trying to push the price back into the channel but are expected to face significant resistance from the bears. If the price turns down from the support line or the 20-day EMA ($0.25), the DOGE/USDT pair could extend its decline to $0.15.

Buyers will have to push and maintain the price above the 20-day EMA to suggest that the bears are losing their grip. The pair may then rally to the 50-day SMA ($0.30), which is likely to attract sellers.

Cardano price analysis

Cardano (ADA) bounced off the support line of the descending channel pattern on Feb. 25, indicating that the bulls are aggressively defending the level.

The bulls will try to start a relief rally, which is expected to face selling at the 20-day EMA ($0.76). If the price turns down sharply from the 20-day EMA, the bears will again attempt to sink the ADA/USDT pair below the support line. If they manage to do that, the pair could tumble to $0.50.

Alternatively, a break and close above the 20-day EMA suggests that the pair may remain inside the channel for some more time.

Related: Here’s what happened in crypto today

Chainlink price analysis

Chainlink (LINK) dropped below the support line of the descending channel pattern on Feb. 25, but the long tail on the candlestick shows buying at lower levels.

The downsloping moving averages and the RSI in the oversold territory suggest that the bears are likely to sell on every minor rise. If the price dips and maintains below the support line, the LINK/USDT pair could drop to $12.71 and later to $10.

This negative view will be invalidated in the near term if the price turns up and breaks above the 20-day EMA. The pair could then rise to the 50-day SMA ($20.78), extending its stay inside the channel for a few more days.

Sui price analysis

Sui (SUI) slipped below the $2.86 support on Feb. 24, but the lower levels attracted buyers, as seen from the long tail on the Feb. 25 candlestick.

The recovery attempt is likely to face selling at the 20-day EMA ($3.28). If the price turns down sharply from the 20-day EMA, the possibility of a drop below $2.86 increases. The SUI/USDT pair may descend to $2.39 and subsequently to $1.77.

If buyers want to prevent the downside, they will have to quickly push the price back above the 20-day EMA. If they do that, the pair may climb to $3.74, where the bears are expected to mount a strong defense.

Avalanche price analysis

Avalanche (AVAX) plunged below the $22.35 support on Feb. 24, but the bears are struggling to build upon the advantage. 

The bulls are trying to push the price back above the breakdown level of $22.35. If they succeed, the AVAX/USDT pair may climb to the 20-day EMA ($25.13). If the price turns down from the current level or the 20-day EMA, it will signal that the bears remain in control. The pair could then sink to $17.50.

The first sign of strength will be a break and close above the 20-day EMA. That suggests the markets rejected the break below $22.35. The pair could climb to $27.50.

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.

The post Price analysis 2/26: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, SUI, AVAX appeared first on Cyber Cryptonomics.

The 30-day ETH futures are now trading at a 7% premium over the spot market, up slightly from 6% two days ago. Premiums between 5% and 10% are considered neutral, as traders typically expect higher returns for the longer settlement period. This shift indicates weaker bearish pressure below $2,600, which could boost confidence among bullish investors.

Weak macroeconomic conditions deter ETH price recovery

The journey for ETH to hit $2,800 again might take weeks or months, but data suggests the lowest price point is likely in the past. Still, the recovery speed depends on investor caution, with recent US unemployment and inflation figures raising concerns.

US jobless claims for the week ending Feb. 22 reached a seasonally adjusted 242,000, the highest in three months. Also, US pending home sales in January fell to a record low, down 4.6% from the prior month, per the National Association of Realtors. Economists surveyed by Reuters, as reported by Yahoo Finance, had predicted a smaller drop of 1.3%.

Investors are increasingly anxious about new import tariffs announced by US President Donald Trump, targeting goods from China, Canada, and Mexico. Trump also threatened a 25% tariff on imports from the European Union, prompting the EU to promise a firm and swift response to unfair trade restrictions, according to CNBC. 

Nvidia’s shares fell 3.3% on Feb. 27, despite exceeding quarterly earnings forecasts and providing strong guidance for Q1 2025, reflecting investor nervousness. Meanwhile, gold prices dropped 2.2% in two days, sliding to a two-week low of $2,870, highlighting broader market concerns impacting even safe-haven assets.

Ether options markets display resilience despite the price crash

Currently, the ETH options skew is at -2%, sitting comfortably within the neutral range of -6% to 6%. This suggests resilience among whales and market makers, especially notable since ETH’s price fell 20%. Despite the drop, there’s no significant rush to buy put options, indicating confidence in the market.

Current market conditions resemble Feb. 3, when ETH’s price plummeted 38% in under three days, falling from $3,437 to $2,124. Back then, the ETH delta skew metric stayed near zero, reflecting solid market confidence. Ether quickly recovered to $2,750 within a day and held the $2,550 support level for the following two weeks. 

Related: Nvidia revenues up 80% from ‘amazing’ demand for AI chips

Ether’s path to $2,800 remains achievable as its key competitor, Solana, faces declining momentum in the memecoin sector. Meanwhile, Ethereum maintains its dominance in total value locked (TVL), driven by strong demand for liquid staking, lending, yield aggregators, and automated onchain liquidity protocols.

The pace of ETH’s price recovery largely depends on Ethereum delivering its planned upgrades and fostering incentives for projects to develop their own layer-2 solutions. This, in turn, enhances the base layer’s utility and strengthens staking rewards, creating a clear path for ETH price recovery.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

The post Brutal 20% Ethereum price sell-off is not over, but is there a silver lining for ETH? appeared first on Cyber Cryptonomics.

According to Cyvers, other flagged addresses had received about $4 million in cryptocurrencies, primarily in Ether (ETH)-linked tokens.

The digital assets suspected to have been stolen included 113 ETH, valued at over $265,000 at the time of writing, 923 WETH, 301 ezETH, 156 weETH, 90 pufET, 48,400 MASK, 50,000 USDt (USDT) and 15 swETH.

Following the initial compromise, the funds were then swapped to ETH and funneled through six different wallet addresses, with one of the offending wallets ending in “df7.” Meir Dolev, co-founder of Cyvers, told Cointelegraph:

“This incident underscores the increasing sophistication of threat actors in the Web3 space and highlights the urgent need for real-time transaction monitoring, preemptive prevention and rapid incident response.”

This incident is the latest in a string of recent high-profile hacks and exploits, including the $1.4 billion Bybit hack on Feb. 21 and the Pump.fun social media hack on Feb. 26.

Related: From Sony to Bybit: How Lazarus Group became crypto’s supervillain

Crypto industry rocked by sophisticated hacking techniques

Forensic investigations into the recent Bybit hack show the exploit occurred due to the compromised credentials of a SafeWallet developer and targeted the Bybit team.

According to a statement released by the Safe team, the exploit did not affect any of the code for its front-end services or its smart contracts.

Instead, the hackers used the compromised system to attack the user interface — sending seemingly legitimate transactions to Bybit and then diverting the funds from the malicious transactions to a different hardware wallet.

However, Martin Köppelmann, the co-founder of the Gnosis blockchain network, which developed and spun off Safe, said that he could only speculate how the hackers used the exploit to trick multiple signers from the Bybit team.

The crypto executive added that the Lazarus Group, strongly believed to be behind the attack, likely avoided attacking other accounts using Safe products to avoid detection and giving away their tactics.

Magazine: 2 auditors miss $27M Penpie flaw, Pythia’s ‘claim rewards’ bug: Crypto-Sec

The post Suspicious outflows detected from wallet linked to Mask Network founder appeared first on Cyber Cryptonomics.

As the new week begins, Ethereum (ETH)—the second-largest cryptocurrency by market capitalization—has seen a significant decline, dropping nearly 10% below the critical support level of $2,500. 

However, amidst this downturn, prominent crypto analyst Doctor Profit has identified four compelling bullish indicators that suggest Ethereum may be poised for a resurgence, potentially inching closer to its all-time high and even surpassing it.

Key Indicators Signal A Bullish Turn

In a recent post on X (formerly Twitter), Doctor Profit shared insights from a detailed long-term analysis of Ethereum. He emphasizes that this evaluation is not about short-term hype or quick profits but focuses on the upcoming months. 

“Right now, ETH is the best opportunity in the market,” he stated, highlighting key indicators—technical, psychological, and on-chain—that support his bullish stance.

Related Reading

Doctor Profit’s analysis is grounded in extensive price action data, with a focus on high-timeframe signals that typically indicate significant market moves. Here are the four major indicators he outlined:

The 200-week Exponential Moving Average (EMA) has historically served as a critical support level for Ethereum. During past market downturns, such as the COVID crash in 2020 and the bear market in 2022, the price has quickly rebounded after dipping below this key threshold.

Given that a few weeks ago, the price was merely 4% from this support, the risk-reward ratio for potential investment is compelling. Doctor Profit estimates a possible move toward the $8,000 to $10,000 range, representing an approximate 200% upside, while the worst-case scenario offers a mere 20% downside.

Doctor Profit Sees Potential For Major Ethereum Price Surge

The analyst further highlighted that ETH’s price has been trending within a long-term ascending channel, currently approaching its lower boundary—a historically favorable entry point for investors. 

Doctor Profit anticipates a breakout from this channel in the coming months, targeting the $4,000 mark, a level that has faced multiple rejections. 

However, the analyst assures that each failed attempt brings the Ethereum price closer to a definitive breakout, with potential targets reaching as high as $8,000 to $10,000.

One of the most significant patterns currently forming is the weekly ascending triangle. This pattern has been consolidating since 2020, indicating a robust bullish setup. 

Related Reading

Doctor Profit notes that moves stemming from such patterns often lead to substantial price expansions, similar to recent trends observed in XRP. The implications of this formation suggest that Ethereum may be on the brink of a powerful upward movement.

A substantial liquidity zone exists around the $4,000 region, aligning perfectly with both the anticipated breakout from the ascending channel and the ascending triangle. 

This concentration of liquidity could facilitate a strong market response, according to the analyst, propelling Ethereum through this critical threshold and triggering a significant upward movement.

Despite the current bearish sentiment surrounding Ethereum, characterized by retail disinterest and high fear, Doctor Profit emphasizes that institutional accumulation is on the rise. 

Record inflows into Ethereum exchange-traded funds (ETFs) and significant on-chain withdrawals further indicate that larger investors are positioning themselves for future gains.

ETH is currently trading at $2,420, down as much as 10% over the past 24 hours and over the past week. 

Featured image from DALL-E, chart from TradingView.com

The post Why Ethereum Is A Must-Watch: Expert Analysis Highlights 4 Strong Bullish Indicators appeared first on Cyber Cryptonomics.

Ethereum (ETH) has plummeted 11.4% in the past 24 hours, reflecting a broader market downturn that saw Bitcoin (BTC) drop by 8%, XRP by 13.6%, and Solana (SOL) by 12.9%. Despite the sea of red, several leading voices—including CryptoQuant CEO Ki Young Ju—are calling for a more optimistic perspective on ETH.

Time To Go Bullish On Ethereum

Sharing his “bullish thoughts on ETH” via X, Ki Young Ju argued there has been “no significant sell pressure” despite the recent Bybit hack, pointing out that both on-chain and market data remain neutral. “Exchange selling takes time, and OTC offloads barely affect the price,” he added.

He also emphasized Ethereum’s dominant share of the stablecoin market cap—currently around 56% and noted how potential regulatory shifts under the Trump administration, which is reportedly “easing crypto regs,” could spur further adoption of ETH-based stablecoins and smart contracts in 2025.

Related Reading

Ju referenced additional catalysts, reminding followers that the ETH spot ETF “is already approved,” suggesting that a “Large Cap ETF altseason” might be on the horizon for Ethereum. He added, “BlackRock ETH spot ETF holdings increased 124% over the past three months.”

Lastly, Ju highlighted growing whale accumulation: addresses holding 10,000 to 100,000 ETH have increased their balances by 24% over the past year, with the current price “nearing the cost basis of accumulating addresses.”
However, Ju admitted he was “surprised” by what he sees as an overwhelmingly bearish mood on Crypto Twitter.

“Wow, CT [Crypto Twitter] sentiment on ETH is extremely bearish. Let me know if you have any data-driven analysis to support your bearish thesis. Most bears seem to cite the dropping price itself as their reason for selling. Very interesting,” Ju remarked.

On his alternative X account—under the handle @kate_young_ju—he reiterated that “whales are stacking ETH,” pointing to the current cost basis for these accumulating addresses at around $2,199, compared to the spot price hovering near $2,505.

Ju is not alone in challenging the doom-and-gloom market narrative. AdrianoFeria.eth (@AdrianoFeria), an member of the ETH community, asserted that “the market is in the shitter” but urged investors to focus on high-level institutional and political signals favoring Ethereum.

Related Reading

He specifically cited reports of the US President and family purchasing “hundreds of millions of dollars worth of ETH,” the CEO of BlackRock’s endorsement of tokenization (and BlackRock’s own tokenized USD experiment on Ethereum), and Bybit’s need to buy large quantities of ETH to cover its hack—potentially fueling more demand.

Feria also mentioned that Ken Griffin, the CEO of Citadel believes Ethereum could replace Bitcoin. For this community member, the fact that “everyone on CT is still taking a shit on ETH” only reinforces a contrarian bullish stance.

Popular crypto analyst IncomeSharks (@IncomeSharks) weighed in by posting a chart showing another “red scary candle” but indicating a buy zone above $2,400.

Meanwhile, Chris Burniske, partner at Placeholder VC, offered historical perspective, reminding followers of 2021’s mid-cycle drawdowns: BTC fell 56%, ETH 61%, SOL 67%, and many other assets 70-80%. According to Burniske, “you can come up with all the reasons for why this cycle is different, but the mid-bull reset we’re going through isn’t unprecedented. Those calling for a full blown bear are misguided.”

At press time, ETH traded at $2.382.

Featured image created with DALL.E, chart from TradingView.com

The post Time To Turn Bullish On Ethereum? CryptoQuant CEO Spots Key Signals appeared first on Cyber Cryptonomics.

Ethereum’s price trajectory has taken a sharp downturn, with technical analysis showing a possible crash to $2,000. Crypto analyst SwallowAcademy pointed out on the TradingView platform that some bearish signals are forming in smaller timeframes, especially as buyers have failed to maintain a key support zone at $2,700. Notably, the broader market downturn over the past 24 hours has only strengthened the case for further declines for Ethereum.

Ethereum Plunges Over 12% In 24 Hours As Market Suffers Steep Losses

The crypto market has taken a heavy hit, with Bitcoin falling below major support at $90,000 and shedding 6.9% over the past 24 hours. An already struggling Ethereum has fared even worse, with its price plunging 12.6% in the same timeframe. Particularly, Ethereum broke below support levels at $2,600, $2,500, and $2,400 in quick succession. 

Related Reading

This steep decline has aligned with SwallowAcademy’s warning about Ethereum’s weakness on smaller timeframes, further lending weight to the possibility of a more profound drop to $2,000. SwallowAcademy had initially emphasized that Ethereum remained in a solid buying zone due to the presence of EMAs at the $2,700 support. However, with price action shifting, the analyst acknowledges that bearish pressure on lower timeframes could open the door for further declines.

Interestingly, this Ethereum price crash in the past 24 hours came as a surprise, as bulls managed to hold above a key support level of $2,700 despite the fiasco of Bybit’s $1.5 billion hack that took place throughout the weekend. 

Although the immediate fallout from the exchange’s hack appeared contained, the market now seems to be experiencing a delayed reaction, and fear is gradually setting in among investors. This growing uncertainty, combined with persistent outflows from crypto investment products, including Spot Bitcoin and Spot Ethereum funds, has added more downward pressure on Ethereum’s price.

As it stands, the current Ethereum daily candle is firmly in the hands of sellers, with no signs of easing pressure. This is a significant change from the previously strong buying sentiment.

Bearish Momentum Could Extend To $2,000

The weakening weekly candle has tipped the scales towards more declines than a bullish uptrend, though it is still early in the week to decide. cautions that it is still early in the week. Ethereum is already trading below the EMAs in the daily timeframe, so the crucial factor is whether it can hold above the EMAs in the weekly timeframe. 

Related Reading

If the current selling momentum continues and the price breaks below $2,200, the next major downside target is $2,000 before any notable bounce can occur. 

At the time of writing, Ethereum is trading at $2,395 and is at the risk of more declines over the next 24 hours. Despite the sharp drop, the RSI has yet to reach oversold conditions, which means that sellers may still have room to push prices lower before exhaustion sets in.

Featured image from Adobe Stock, chart from Tradingview.com

The post Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish appeared first on Cyber Cryptonomics.

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

The post Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence appeared first on Cyber Cryptonomics.