Ethereum price started a fresh decline below $4,050. ETH is now struggling and 
might decline further if it breaks the $3,850 support zone. Ethereum failed to 
extend gains and declined below the $4,000 zone. The price is trading below 
$4,050 and the 100-hourly Simple Moving Average. There is a key bearish trend 
line forming with resistance at $4,050 on the hourly chart of ETH/USD (data 
feed via Kraken). The pair could continue to move down if it settles below 
$3,880 and $3,850. Ethereum Price Dips Further Ethereum price remained in a 
bearish zone after it settled below $4,250, like Bitcoin. ETH price declined 
below the $4,120 and $4,050 support levels. The bears even pushed the price 
below $4,000. A low was formed at $3,826 and the price recently started a 
minor recovery wave. There was a move above the 23.6% Fib retracement level of 
the downward wave from the $4,275 swing high to the $3,826 low. However, the 
bears remained active near the $3,950 resistance zone. Ethereum price is now 
trading below $4,000 and the 100-hourly Simple Moving Average. Besides, there 
is a key bearish trend line forming with resistance at $4,050 on the hourly 
chart of ETH/USD. On the upside, the price could face resistance near the 
$4,000 level. The next key resistance is near the $4,050 level or the 50% Fib 
retracement level of the downward wave from the $4,275 swing high to the 
$3,826 low. The first major resistance is near the $4,120 level. A clear move 
above the $4,120 resistance might send the price toward the $4,150 resistance 
and the trend line. An upside break above the $4,250 region might call for 
more gains in the coming sessions. In the stated case, Ether could rise toward 
the $4,320 resistance zone or even $4,350 in the near term. More Losses In 
ETH? If Ethereum fails to clear the $4,050 resistance, it could start a fresh 
decline. Initial support on the downside is near the $3,880 level. The first 
major support sits near the $3,820 zone. A clear move below the $3,820 support 
might push the price toward the $3,750 support. Any more losses might send the 
price toward the $3,720 region in the near term. The next key support sits at 
$3,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining 
momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now below 
the 50 zone. Major Support Level – $3,820 Major Resistance Level – $4,050

Ethereum Dives Sharply – $4,000 Break Sparks Concerns Of Extended Downtrend

Despite recent fluctuations that saw the Bitcoin price retrace nearly 6% on a 
weekly basis, market expert Timothy Peterson remains bullish on the leading 
cryptocurrency&#8217;s future. The expert, also a Bitcoin author and economist, 
predicts that there is at least a 50% chance that the Bitcoin price could 
reach a new all-time high of $200,000 by June 2026, a forecast he shared on 
social media platform X (formerly Twitter) on Thursday. Optimistic Projections 
For The Bitcoin Price Peterson&#8217;s optimistic outlook is grounded in his 
analysis of the Median Bitcoin Yearly Price Path chart, which suggests that 
October typically marks the beginning of a new upward trend for the Bitcoin 
price, extending through to June of the following year. He elaborated that 
achieving the $200,000 target would require an average monthly return of 
approximately 7%, translating to an 120% annualized increase. Furthermore, he 
noted a 50% or greater likelihood of Bitcoin reaching a new all-time high by 
early November of this year. Related Reading: All-Time Highs For Gold, S&amp;P500; 
Crypto Stands Alone In The Red – What’s The Root Cause? As seen in the chart 
below, Peterson outlined additionally, two potential bullish scenarios for 
Bitcoin&#8217;s trajectory. The most scenario points toward a surge to a new record 
of $240,000, while a more conservative estimate suggests a rise toward 
$160,000. Regardless, these indicators he referenced imply that the remainder 
of the year and subsequent months of 2026, could be marked by significant 
price increases for the market’s leading cryptocurrency. However, the broader 
crypto market performance has not been without its challenges. Investors Brace 
For Friday’s PCE Data On Thursday, Bitcoin and other cryptocurrencies like 
Ethereum (ETH), XRP, and Solana (SOL), experienced a downturn as investors 
shifted their focus to upcoming economic data, particularly following a sharp 
market correction earlier in the week. Traders are particularly attentive to 
Friday&#8217;s personal consumption expenditure (PCE) data, the Federal Reserve’s 
(Fed) preferred measure of inflation, which could have implications for future 
interest rate decisions. When interest rates decrease, more stable investments 
such as bonds or equities tend to offer lower yields, encouraging investors to 
seek riskier assets like cryptocurrencies. Related Reading: Ex-Binance CEO CZ 
Criticizes FT Report On YZi Labs, Calls It A ‘Negative Narrative’ Earlier in 
the week, a substantial sell-off occurred across the crypto market, marking 
the largest deleveraging event of the year. On Monday, many digital asset 
investors unwound bullish positions that had been established after the Fed&#8217;s 
recent quarter-point interest rate cut. Maja Vujinovic, CEO of Digital Assets 
at FG Nexus, commented on the situation, emphasizing that the recent 
liquidations stemmed from excessive leverage rather than failing market 
fundamentals. She noted, “Overheated funding post-Fed left traders exposed; 
once Bitcoin rolled over, forced unwinds hit ETH and altcoins hard.” Despite 
the cautious sentiment prevailing in the crypto market this week, Vujinovic 
pointed out that historical trends suggest these &#8220;leverage washes&#8221; often pave 
the way for a healthier market foundation. Featured image from DALL-E, chart 
from TradingView.com

Expert Prediction: Bitcoin Price Could Hit $200,000 By June 2026, Claiming 50% Probability

Circle’s proposal to enable reversible stablecoin transactions has triggered 
backlash, as critics argue it undermines blockchain’s foundational principle 
of immutability. The Push for Reversible Transactions Stablecoin issuer, 
Circle, has ignited controversy with its proposal to introduce reversible 
transactions—a concept that challenges one of the core tenets of blockchain 
technology: immutability. Circle president Heath Tarbert suggested […]

FT: Circle’s Push for Reversible Transactions Rattles Crypto Purists

Bitcoin price extended losses after it traded below $112,500. BTC is now 
consolidating losses and might decline again to test the $108,500 support 
zone. Bitcoin started a fresh decline below the $112,500 zone. The price is 
trading below $111,500 and the 100 hourly Simple moving average. There are two 
bearish trend lines forming with resistance at $110,500 and $113,000 on the 
hourly chart of the BTC/USD pair (data feed from Kraken). The pair might 
continue to move down if it stays below the $113,000 zone. Bitcoin Price Dips 
Further Bitcoin price failed to start a recovery wave and stayed below 
$114,000. BTC declined below the $112,500 and $112,000 support levels to move 
further into a bearish zone. The decline gained pace below the $111,500 level. 
A low was formed at $108,680 and the price is now consolidating losses. There 
was a minor move toward the 23.6% Fib retracement level of the recent decline 
from the $113,939 swing high to the $108,680 low. Bitcoin is now trading below 
$112,500 and the 100 hourly Simple moving average. Besides, there are two 
bearish trend lines forming with resistance at $110,500 and $113,000 on the 
hourly chart of the BTC/USD pair. Immediate resistance on the upside is near 
the $109,920 level. The first key resistance is near the $110,500 level and 
the trend line. The next resistance could be $111,300 or the 50% Fib 
retracement level of the recent decline from the $113,939 swing high to the 
$108,680 low. A close above the $111,300 resistance might send the price 
further higher. In the stated case, the price could rise and test the $112,500 
resistance. Any more gains might send the price toward the $113,000 level. The 
next barrier for the bulls could be $114,500. Another Decline In BTC? If 
Bitcoin fails to rise above the $110,500 resistance zone, it could start a 
fresh decline. Immediate support is near the $108,800 level. The first major 
support is near the $108,200 level. The next support is now near the $107,500 
zone. Any more losses might send the price toward the $106,400 support in the 
near term. The main support sits at $105,500, below which BTC might struggle 
to recover in the short term. Technical indicators: Hourly MACD – The MACD is 
now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – 
The RSI for BTC/USD is now below the 50 level. Major Support Levels – 
$108,800, followed by $108,200. Major Resistance Levels – $110,500 and 
$113,000.

Bitcoin Price Breaks Down – Support Fails As Traders Question If Bulls Return

Earlier today, Ethereum (ETH) slid below the psychologically important $4,000 
level for the first time since August 8. The fall in ETH’s price can be 
attributed to a mix of macroeconomic, structural, and crypto-specific factors. 
Ethereum Dips Below $4,000, Analyst Explains Why According to a CryptoQuant 
Quicktake post by contributor Arab Chain, ETH’s latest descent below $4,000 
can be blamed on a complex mix of factors. First, a strong US dollar, coupled 
with the Federal Reserve’s (Fed) cautious stance following its September rate 
cut, dampened risk appetite. Related Reading: Ethereum Close To Local Bottom? 
Analyst Flags Drop In Binance Open Interest Furthermore, rising bond yields 
and the increasing risk of a US government shutdown have spooked investors, 
discouraging them from investing in risk-on assets, including cryptocurrencies 
like ETH. Second, the analyst points to the role of leverage in ETH’s latest 
dip. On September 22, more than $500 million in ETH longs were wiped out 
within 24 hours, resulting in the unwinding of high leverage that was building 
up in Q2 2025. During the sell-off, ETH whales faced close to $45 million in 
forced sales. In addition, low weekend trading volume and shallow order books 
enhanced ETH’s price swings. Notably, institutional investors turned to OTC 
redemptions, following the Fed meeting to reduce their exposure to ETH. From a 
technical perspective, ETH failed to decisively break through the stiff 
resistance near $4,500 &#8211; $4,600. Failure to defend the $4,200 support worsened 
things for ETH, turning the momentum sharply bearish. The fifth reason was 
regulatory headwinds surrounding digital assets, especially the uncertainty 
around MiCA in the EU and US crypto legislation. ETH exchange-traded fund 
(ETF) outflows worth $76 million weighed on investor sentiment. Finally, a 
surge in validator exit queues and reduced staking inflows weakened natural 
buy-side support. Other factors, such as seasonal weakness and Bitcoin’s (BTC) 
rising dominance in the market, contributed to ETH’s sell-off. Arab Chain 
concluded: While this correction reflects structural positioning and macro 
forces rather than a broken thesis, volatility may persist until liquidity 
returns and regulatory clarity improves. Will ETH Stage A Recovery? While the 
momentum is against ETH currently, some analysts are optimistic about a 
turnaround in ETH’s fortunes in the coming months. For instance, ETH’s CME 
futures open interest is inching closer to new highs, setting a new potential 
target for ETH of $6,800 by the end of 2025. Related Reading: Ethereum Rally 
Stalls As Spot And Perpetual Volumes Flatten On Binance Similarly, the surge 
in ETH contracts throughout the year has some analysts convinced that the 
digital asset may soon embark on a rally to $5,000. ETH’s illiquid supply 
could further propel it to new highs. In his latest analysis, crypto 
commentator Ted Pillows predicted that the increase in global M2 money supply 
could pave the way for $20,000 ETH. At press time, ETH trades at $3,959, down 
3.6% in the past 24 hours. Featured image from Unsplash, chart and 
TradingView.com

Cryptocurrency price in BDT