Ethereum is quietly setting up for a potentially decisive move as the Libra 
formation remains active on the weekly chart. While confirmation is still 
pending, the structure has not been invalidated, keeping the upside scenario 
firmly on the table. With key resistance levels overhead and momentum 
beginning to stabilize, ETH may be entering a critical phase where the next 
major directional move starts to take shape. Weekly Libra Formation Keeps The 
Bullish Case Alive On the X platform, Kamile Uray highlighted that Ethereum is 
currently forming a Libra pattern on the weekly chart. With the weekly candle 
yet to close and no invalidation so far, the bullish formation remains active 
and continues to be a valid scenario. Related Reading: Ethereum Bulls Must 
Conquer $3,050 Or Momentum Quickly Fades According to the update, confirmation 
of a reversal would open the door for a move toward the $4,956 high, but the 
price may face notable resistance along the way, particularly around the 
$3,445 level. Kamile Uray noted that a daily close above $2,475 would serve as 
the first technical signal that upside momentum is strengthening and that the 
recovery could continue. Failure to sustain movement above this area could 
delay further progress and keep the price vulnerable to pullbacks. Since the 
Libra formation is developing on the weekly timeframe, the pattern would only 
be considered invalid if Ethereum breaks below the $1,388 low, underscoring 
the broader, long-term nature of the setup. Ethereum Stretches Higher At 
$2,086 After A Sharp 22% Run According to Can Özsüer, Ethereum is currently 
trading around $2,086, marking a strong rally from the $1,730 area. From that 
level to the current price, ETH has surged roughly 22% without a meaningful 
correction, which increases the likelihood of short-term profit-taking. After 
such a sharp move, light selling pressure typically emerges as the market 
cools off. Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum 
– What Does He Mean? Can Özsüer notes that any selling from this region is 
expected to remain controlled rather than aggressive. The ideal pullback zone 
lies between $1,950 and $2,000, where the price could reset without damaging 
the broader bullish structure. A dip into this range would be considered 
healthy and could set the stage for the next leg higher. Once that corrective 
move plays out, the next upside objective comes in around the $2,200 level. 
However, if price pushes straight toward the target without offering a 
pullback, the strategy would need adjustment. In that scenario, chasing a long 
position becomes less attractive, as a stronger selling wave could follow once 
the target is reached. If a correction does materialize, Can Özsüer suggests 
that a long position on the pullback would be the preferred approach. Featured 
image from Pixabay, chart from Tradingview.com

Ethereum Libra Formation In Play: ETH’s Next Big Move Could Be Loading

This weekend, the Bitcoin network logged its steepest difficulty cut since 
July 3, 2021—a moment that followed China’s sweeping ban on mining and 
trading, which triggered a sharp market sell-off and sent miners scrambling 
for exits beyond the region. Bitcoin Mining Gets Easier—for Now—as Difficulty 
Drops 11.16% After a winter storm ripped through dozens of […]

Bitcoin Difficulty Logs 11.16% Reduction, Largest Drop Since China’s 2021 Mining Crackdown

The number of traders expecting a rate cut at the March Federal Open Market 
Committee meeting rose following fears of a hawkish Fed nominee.

Over 23% of traders now expect interest rate cut at next FOMC meeting

The price of Bitcoin experienced one of the most bearish periods in its 
history over the past week, losing one crucial technical level after the 
other. According to data, the cryptocurrency market has seen $1 trillion worth 
of capital flow out since mid-January. With no doubt about the emergence of 
the bear season, investors are now approaching the market with greater 
skepticism and caution. One of the on-chain metrics highlighting this shift in 
behavior is the Bitcoin taker buy ratio, which has fallen to new lows. BTC 
Taker Buy Ratio Drops To 0.48 In a new Quicktake post on the CryptoQuant 
platform, market analyst CryptoOnchain shared a fresh on-chain angle to the 
ongoing selling pressure in the Bitcoin market. This observation is based on 
the declining Taker Buy Ratio on Binance, the world’s largest centralized 
exchange by trading volume. Related Reading: Why The Market Cap Argument For 
XRP Price Not Reaching $10,000 Is ‘Flawed’ The Bitcoin Taker Buy Ratio is a 
sentiment indicator that estimates the proportion of trading volume owned by 
buyers against that of the sellers. Typically, values below 1 signal that 
taker sell volumes (aggressive selling) are outpacing taker buy volumes, which 
implies that sellers are overwhelming the buyers in the market. Highlighting 
data from CryptoQuant, CryptoOnchain revealed that the Bitcoin Taker Buy Ratio 
(14-day Moving Average) on Binance has dropped to 0.48, marking its lowest 
level since October 2025. Such a negative market sentiment on the world’s 
largest exchange spotlights a worrying trend in the general derivatives 
market. CryptoOnchain said: A drop to such a significant low suggests that 
sellers are overwhelmingly dominating the order book, aggressively hitting 
bids without sufficient buying resistance. As the crypto pundit also pointed 
out, this drop in the Bitcoin Taker Buy Ratio coincided with the recent price 
correction, which saw the premier cryptocurrency fall to around $61,000. 
CryptoOnchain noted that this metric needs to stabilize and begin to rise 
again if the BTC price is to see any relief. The Quicktake post concluded: For 
a potential reversal or a local bottom, we need to see this metric stabilize 
and begin to trend upwards, indicating that aggressive selling is exhausted 
and buyers are stepping back in. Until then, caution is advised as the 
momentum remains heavily in favor of the bears. Bitcoin Price At A Glance 
After one of the largest “red” days in the crypto market, the price of BTC 
appears to be recovering nicely, having returned above the $70,000 on Friday. 
As of this writing, the flagship cryptocurrency is valued at around $70,263, 
reflecting an over 11% price jump in the past 24 hours. Related Reading: 5 Red 
Months In A Row: What’s Going On With Bitcoin And The Crypto Market? Featured 
image from iStock, chart from TradingView

Bitcoin Taker Buy Ratio Signals Peak Bearish Sentiment — Relief Soon?

BTC lending platform Strike has updated its bitcoin-backed loan policies amid 
heightened crypto market volatility, extending the margin call recovery window 
and adjusting loan-to-value thresholds to give borrowers more flexibility. 
Bitcoin Lending Platform Strike Expands Margin Call Recovery Time for Bitcoin- 
Backed Loans The changes include expanding the margin call recovery period 
from 24 hours to […]

Cryptocurrency price in MYR