Ethereum price failed to stay above $3,050 and tested $2,950. ETH is now 
attempting to recover but faces resistance near $3,150. Ethereum started a 
fresh decline after it failed to stay above $3,150. The price is trading below 
$3,120 and the 100-hourly Simple Moving Average. There is a key bearish trend 
line forming with resistance at $3,150 on the hourly chart of ETH/USD (data 
feed via Kraken). The pair could continue to move down if it settles below the 
$3,065 zone. Ethereum Price Attempts Recovery Ethereum price failed to 
continue higher above $3,200 and started a fresh decline, like Bitcoin. ETH 
price dipped below $3,150 and entered a bearish zone. The decline gathered 
pace below $3,050 and the price dipped below $3,000. A low was formed at 
$2,941 and the price is now correcting some losses. There was a move above the 
50% Fib retracement level of the recent decline from the $3,217 swing high to 
the $2,941 low. Ethereum price is now trading below $3,120 and the 100-hourly 
Simple Moving Average. If there is another recovery wave, the price could face 
resistance near the $3,150 level and the 76.4% Fib retracement level of the 
recent decline from the $3,217 swing high to the $2,941 low. There is also a 
key bearish trend line forming with resistance at $3,150 on the hourly chart 
of ETH/USD. The next key resistance is near the $3,220 level. The first major 
resistance is near the $3,250 level. A clear move above the $3,250 resistance 
might send the price toward the $3,320 resistance. An upside break above the 
$3,320 region might call for more gains in the coming days. In the stated 
case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the 
near term. Another Decline In ETH? If Ethereum fails to clear the $3,150 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $3,065 level. The first major support sits near the $3,020 zone. A 
clear move below the $3,020 support might push the price toward the $2,950 
support. Any more losses might send the price toward the $2,880 region in the 
near term. The next key support sits at $2,750 and $2,740. Technical 
Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the 
bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above the 50 zone. Major 
Support Level – $3,065 Major Resistance Level – $3,150

Ethereum Rebounds Modestly While Bulls Struggle Against Overhead Resistance

Bitcoin has slipped into a critical danger zone as support levels continue to 
give way, putting the market on edge. Amid this decisive breakdown, the RSI is 
quietly flashing a bullish divergence, a subtle but meaningful early signal 
that momentum may be preparing to shift. The charts now paint a tense picture: 
bearish pressure remains dominant, but the first signs of a potential 
turnaround have appeared. Support Levels Crumble As Bitcoin Extends Its 
Downtrend According to an update shared by Crypto Candy on X, Bitcoin 
continues to break through support levels with little hesitation. The price 
held the $93,000–$95,000 zone for a brief period, but eventually failed to 
maintain that structure, triggering another move to the downside. The speed of 
each breakdown highlights how fragile market sentiment currently is. Related 
Reading: Bitcoin SSR Flashes Buy Signal: Rebound Incoming? With the most 
recent support now lost, Bitcoin has slipped to lower levels and remains under 
bearish pressure. If this momentum persists, Crypto Candy noted that the next 
area of interest lies between $86,000 and $87,500, a major support where 
buyers may attempt to slow or halt the decline. Should Bitcoin manage to hold 
within this $86,000–$87,500 range, a short-term reversal becomes possible. 
Even a modest bounce could provide temporary relief to the broader downtrend. 
However, such a reaction would still require confirmation before hinting at 
any sustainable shift in momentum. If that support fails to hold, Crypto Candy 
warns that the market could face another steep drop. A continued breakdown 
would reinforce the ongoing bearish narrative, opening the door for what he 
described as a “waterfall” scenario. Bullish Divergence Emerges On The 4H 
Chart Crypto analyst Chad recently noted in an X post that Bitcoin is showing 
a notable bullish divergence between its price action and the RSI (Relative 
Strength Index) on the 4-hour chart. This divergence is a technical signal 
where the price makes a lower low. Related Reading: Bitcoin Price Alert: This 
Indicator Signals SELL, Could History Repeat With A 67% Drop? Chad 
acknowledges that the price is clearly in a short-term downtrend and will need 
to reverse at some point. While he admits he doesn&#8217;t know the exact timing of 
the reversal, he emphasizes that the bullish divergence is the first positive 
sign that sellers are losing control and a structural shift may be near. To 
officially switch the short-term market structure back to bullish, Chad 
outlines a simple progression: the price needs to first make a higher high to 
break the current downtrend, and then confirm that break by establishing a 
higher low. This sequence is necessary to confirm that buyers have 
successfully taken over directional control of the price. Featured image from 
Pngtree, chart from Tradingview.com

Bitcoin Slides Into Danger Zone, But A RSI Divergence Hints At A Turnaround

The US government will start buying Bitcoin for its strategic reserve when 
there is “enough pressure externally,” says crypto entrepreneur Mike Alfred.

US won’t start Bitcoin reserve until other countries do: Mike Alfred

Crypto exchange Kraken has raised $800 million across two funding rounds, 
which boosted its valuation to $20 billion.

Kraken bags $800M for expansion plans at $20B valuation

XRP draws fresh momentum as XRPM debuts with 3% monthly focus and 36% income 
potential, showcasing expanding demand for derivatives-driven exposure that 
blends steady premium generation with amplified upside in a regulated 
structure fueling growth. XRP Attracts Fresh Capital as Cboe Launches XRPM 3% 
Monthly Premium Income Trading XRP’s rising role in yield-driven strategies is 
[…]

Cryptocurrency price in TWD