The Ethereum price has struggled to reclaim the critical $3,000 mark for the 
past 48 hours, raising concerns about potential declines in the 
cryptocurrency’s value if this essential support level is not regained by the 
end of the week. Analyst Predicts Further Downside Market analyst Ted Pillows 
pointed out on social media platform X (formerly Twitter) that without a quick 
recovery above $3,000, Ethereum could face further downside pressures, 
possibly dropping toward the $2,800 range in the near term. This scenario 
would indicate an additional retracement of approximately 5% from its current 
trading price, which hovers just above $2,940. This ongoing struggle adds to 
the 16% decline recorded in the monthly time frame, highlighting the 
precarious situation for broader cryptocurrency prices. Related Reading: This 
Friday’s Bitcoin Options Expiry Could Shake Up The Market: What To Look Out 
For Another analyst, Columbus, sought to understand Ethereum&#8217;s lackluster 
performance relative to Bitcoin (BTC). He noted that Ethereum continues to 
trade below its Volume Weighted Average Price (VWAP), struggling to gain 
traction above this critical metric. The bounce observed from the $2,800 to 
$2,850 range appears more responsive than impulsive, in the analyst’s words, 
suggesting that while there are buying interests, conviction in the rally 
remains weak. Columbus further remarked that there is considerable liquidity 
layered overhead, particularly within the $3,050 to $3,250 zone. This 
liquidity has successfully capped any attempts to push prices higher. Unless 
Ethereum can reclaim this area and achieve consistent acceptance above it, 
upward movements are likely to be more about short-term rotations into supply 
rather than genuine trend continuation. On the downside, a failure to hold the 
$2,850 mark could expose Ethereum to deeper losses, potentially leading to a 
downturn toward lower liquidity levels between $2,400 and $2,700, where the 
bulk of liquidity is concentrated. Will Ethereum Drop To $1,300 In 2026? 
Looking further into the future, market expert CryptoBullet painted a more 
somber picture of Ethereum&#8217;s potential trajectory for 2026. He has introduced 
a new fractal model for Ethereum that suggests bearish outcomes for investors 
anticipating a bull run next year. In a social media post, CryptoBullet 
presented a daily chart of Ethereum, outlining key price targets and 
indicating that while a price recovery might occur in January and February, 
subsequent months could see a significant downturn. Related Reading: These 
Five Key Drivers Could Boost XRP To $5 By 2026, Claims Top Analyst According 
to this analysis, Ethereum&#8217;s brief recovery could falter against existing 
resistance levels between $3,600 and $3,800, potentially culminating in a 
dramatic decline to a target price of $1,385. If this fractal model mimics 
Ethereum&#8217;s performance in 2022, it could signify a staggering 63% drop in 
value for the leading altcoin. Featured image from DALL-E, chart from 
TradingView.com

Ethereum Fails To Surpass $3,000: Predictions For The Final Days Of The Year

After failing to turn the $90,000 area, Bitcoin (BTC) continues to move within 
its local range with apparent no clear direction. Some market observers have 
suggested that the flagship crypto will remain rangebound until next year, 
when its potential moment of truth will come. Related Reading: More Pain For 
Ethereum? Head And Shoulder Pattern Signals $2,400 Breakdown Bitcoin Takes 
Holiday Break On Christmas Eve Day, Bitcoin continued with its sideways 
trajectory, trading between the $86,000-$87,000 levels throughout the day. The 
cryptocurrency has been hovering within the $80,000-$94,000 levels since the 
late November correction, failing to break out of its one-month range despite 
earlier attempts. Notably, BTC’s price has been trading around the mid-zone of 
its range, moving between the $84,000-$90,000 levels for nearly two weeks. 
Analyst Ted Pillows noted that Bitcoin “is still in no trading zone,” arguing 
that if the price doesn’t reclaim the $90,000 resistance area, the price could 
risk another retest of the $84,000 support. However, if the support and 
resistance levels don’t break, it will continue to move within its range until 
the market’s momentum returns. Meanwhile, Daan Crypto Trades highlighted that 
December has been “a very boring month all things considered.” In an X post, 
he explained that there the broader crypto market had “no major narratives, no 
major moves. Just a lot of up days followed by down days. With alts bleeding 
lower in the end and BTC &amp; ETH roughly stable.” The trader also asserted that 
it hasn’t been BTC’s best year despite reaching new highs this quarter. He 
pointed out that “this year was abysmal, especially looking at the risk 
adjusted returns.” Nonetheless, he noted that “during years like these, we are 
taking big steps towards distributing coins from OG large holders and get a 
more evenly spread supply. Regardless of price action in the short term, 
that&#8217;s always a good thing to see.” BTC To Breakout Or Breakdown In 2026? Daan 
affirmed that Q1 2026 will be the moment where Bitcoin can “try and prove 
itself” and when everyone will be closely watching the cryptocurrency’s 
performance to determine whether the cycle is over or not. Other market 
watchers have suggested two potential scenarios for BTC’s early 2026 
performance. Ted Pillows highlighted that BTC appears to be mirroring its 
2021-2022 fractal, which suggests that the flagship cryptocurrency is 
ultimately entering a bear market. Per the chart, Bitcoin saw a significant 
pullback after topping in late 2021. This was followed by brief recovery 
period at the start of 2022 before the price continued its descending 
trajectory. Based on this, the analyst forecasted a rally towards $100,000 at 
the start of 2026 before its next leg down, which could target the 
$60,000-$70,000 area. On the contrary, Eljaboom pointed out that BTC could be 
repeating its performance from the start of the year. Related Reading: XRP 
ETFs Record 25-Day Streak As Price Eyes Key Resistance Level As he noted, BTC 
displays a multi-month falling wedge pattern on the three-day chart similar to 
the one that formed between Q4 2024 and Q2 2025 and led to the Q3 3035 rally. 
If history repeats, the cryptocurrency could retest the pattern’s lower 
boundary in the coming weeks before breaking out of the formation and 
potentially moving to new highs by Q2 2026. As of this writing, Bitcoin trades 
at $87,350, a 0.5% decline in the daily timeframe. Featured Image from 
Unsplash.com, Chart from TradingView.com

Bitcoin Poised For ‘Boring’ 2025 Close – Here’s When BTC’s Real Test Will Come

Bitwise Asset Management released 10 crypto predictions for 2026, outlining a 
forcefully bullish, bitcoin-centered outlook driven by ETF demand, 
institutional adoption, regulatory progress, supply constraints, and a 
shifting market structure favoring sustained upside momentum ahead. Bitwise 
Forecasts 10 Predictions as Bitcoin Decouples From Stocks and Follows Crypto- 
Specific Catalysts Bitwise Asset Management, a U.S.-based asset manager, […]

Bitwise Unloads 10 Predictions: ‘Bulls Will Win out’ Across Bitcoin, Altcoins, Crypto ETFs

An analyst has explained when Bitcoin could possibly reach a bottom, based on 
the historical pattern followed by its price across cycles. Bitcoin Has Tended 
To Take 364 Days From Major Tops To Bottoms In a new thread on X, analyst Ali 
Martinez has discussed about what history could hint about when Bitcoin might 
reach a bottom in the current cycle. &#8220;Bitcoin $BTC major cycles have followed 
a surprisingly consistent rhythm, both in timing and depth,&#8221; noted Martinez. 
Related Reading: XRP Retail Turns Fearful Again—A Classic Contrarian Setup? 
Below is a chart shared by the analyst that highlights some of the 
similarities that the last few BTC cycles have shared. As is visible in the 
graph, the quarterly price of Bitcoin has taken roughly 1,064 days to reach 
the top from the bottom of the previous bear market during the last three 
cycles. This is naturally assuming that the cryptocurrency&#8217;s high above 
$126,000 was the top for the current cycle. The distance from the top to the 
next bottom was also similar in the 2017 and 2021 cycles on the 
cryptocurrency&#8217;s quarterly chart, coming at about 364 days. &#8220;If this pattern 
holds, Bitcoin $BTC is now inside that 364-day correction window, which points 
to a potential bottom around October 2026,&#8221; explained Martinez. In the chart, 
the analyst has also highlighted a possible bottom target for Bitcoin, based 
on, once again, the pattern from the previous cycles. The 2018 bear market 
reached its low after a drawdown of 84.22% from the bull market top, while the 
2022 bear involved a decline of 77.57%. Martinez has drawn a drawdown of 70% 
for the current cycle, which would put the price target at the $37,500 level. 
It now remains to be seen whether this cycle will follow a trajectory anything 
like the last cycles or if the asset will go a different direction this time 
around. The chart for the Bitcoin cycles is showcasing the long-term trend of 
the asset using its quarterly price, but what about the short-term direction? 
In another X post, the analyst has shared the 4-hour chart for BTC, 
highlighting a technical analysis (TA) pattern forming on a short scale. As 
displayed in the above chart, Bitcoin has potentially been following a 
Parallel Channel on its 4-hour price during the last few weeks. A Parallel 
Channel appears whenever an asset observes consolidation between two parallel 
trendlines, with the lower level acting as support and upper one as 
resistance. Related Reading: Bitcoin Perps Heat Up Again As Leveraged Longs 
Rise The cryptocurrency retested the lower line of this Parallel Channel last 
week, which led to a rebound as support held up. The asset has since returned 
to the middle zone of the pattern, suggesting there isn&#8217;t any clear bias in 
either direction right now. BTC Price At the time of writing, Bitcoin is 
floating around $87,300, up 0.7% in the last seven days. Featured image from 
Dall-E, chart from TradingView.com

When Will Bitcoin Bottom? History Points To October 2026, Says Analyst

XRP is testing a critical long-term demand zone below the $1.90 level as 
market conditions continue to deteriorate across the altcoin sector. After 
failing to sustain upside momentum, price action has turned increasingly 
fragile, with bulls struggling to defend key support levels. The structure now 
reflects growing weakness, reinforcing concerns that the broader market may be 
transitioning into a bearish phase that leaves altcoins exposed to deeper 
drawdowns. Related Reading: Bitcoin and Ethereum Coinbase Inflows Collapse 
While Binance Retains Relative Activity – Details Despite the softening price 
action, on-chain data is sending a more nuanced signal. A recent CryptoQuant 
report by CryptoOnchain highlights a sharp decline in XRP exchange reserves on 
Binance, even as price has continued to correct. Historically, falling 
exchange balances suggest that fewer tokens are being held on platforms where 
they can be readily sold, often pointing to reduced sell-side pressure rather 
than aggressive distribution. This divergence between price behavior and on- 
chain supply dynamics is particularly notable at current levels. While XRP’s 
chart suggests that buyers are losing control in the short term, the 
contraction in exchange reserves raises questions about how much selling 
pressure remains if price continues to slide. In past market cycles, similar 
conditions have preceded periods of stabilization or relief rallies, 
especially when broader sentiment becomes excessively pessimistic. As XRP 
hovers below $1.90, the coming sessions will be decisive. Whether shrinking 
exchange supply can offset weakening technicals will determine if XRP finds a 
base or extends its decline alongside the wider altcoin market. Exchange 
Reserves Hit Multi-Month Low as XRP Tests Key Demand Zone On-chain data is 
highlighting a notable shift in XRP’s supply dynamics at a critical moment for 
price action. According to the XRP Ledger Exchange Reserve chart, XRP balances 
held on Binance have dropped sharply to around 2.66 billion XRP. This 
represents the lowest exchange balance recorded since July 2024, signaling a 
meaningful contraction in the amount of XRP readily available for sale on the 
market. Historically, such declines in exchange reserves are interpreted as a 
constructive signal. They indicate that investors and larger holders are 
moving tokens off exchanges into self-custody, reducing immediate sell-side 
liquidity. When the supply available for trading shrinks, even modest demand 
can have a disproportionate impact on price, creating the conditions for a 
potential supply-driven move. This on-chain development is unfolding as XRP 
trades at a technically sensitive level. Price is currently testing the major 
demand zone between $1.80 and $1.90, an area that has previously acted as a 
foundation for broader bullish structure. Momentum indicators add context, 
with the RSI sitting in the lower range, suggesting bearish pressure is 
fading, though a confirmed reversal has yet to materialize. The alignment of 
declining exchange supply and strong technical support strengthens the case 
for a potential stabilization or rebound. If buyers successfully defend the 
$1.80 level, reduced liquid supply could fuel a sharp recovery. However, a 
decisive breakdown below this zone would undermine the bullish on-chain thesis 
and reopen downside risk. Related Reading: Gold &amp; Silver Break Out While 
Bitcoin Chops: Why Capital Is Flowing Into Precious Metals XRP Tests Long-Term 
Demand as Weekly Structure Weakens XRP is trading near the $1.87 level on the 
weekly chart, extending a prolonged corrective move that has eroded much of 
the bullish momentum built earlier in the cycle. After topping above the 
$3.40–$3.60 region, price has consistently printed lower highs and lower lows, 
confirming a clear shift toward a bearish medium- to long-term structure. The 
latest weekly candles show sustained selling pressure with limited downside 
wicks, suggesting weak dip-buying interest at current levels. From a trend 
perspective, XRP has lost its key weekly moving averages. Price is now firmly 
below the faster weekly average, which has rolled over and turned into 
resistance around the $2.40–$2.60 zone. The longer-term moving averages remain 
well below the current price, indicating that while the macro uptrend from 
prior years is technically intact, momentum has deteriorated sharply. Related 
Reading: The Gold-to-Bitcoin Rotation Narrative Gains Strength: A Data-Driven 
Review The $1.80–$1.90 area stands out as a critical demand zone. This region 
has acted as structural support in the past and now represents the last 
meaningful level bulls must defend to avoid a deeper breakdown. A sustained 
weekly close below $1.80 would significantly weaken the broader structure and 
expose XRP to a move toward the $1.50 area or lower. Selling activity 
increased during the breakdown from $2.50, while recent weeks have shown 
declining volume, pointing to exhaustion rather than accumulation. For XRP to 
regain strength, price would need to reclaim the $2.20–$2.40 region and 
establish acceptance above former support-turned-resistance. Featured image 
from ChatGPT, chart from TradingView.com

Cryptocurrency price in IDR