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Ethereum Dual Chart Recovery: ETH And ETH/BTC Signal Strength Despite Bearish Close
According to CRYPTOWZRD in a recent post, both Ethereum and ETH/BTC closed the session on a bearish note but quickly recovered, showcasing ETHâs resilience and renewed buyer confidence. He noted that a move above $4,000 would be a crucial development, potentially marking a key turning point for Ethereumâs momentum. Bearish Daily Close Mirrors Bitcoinâs Market Direction CRYPTOWZRD further explained that Ethereum and ETH/BTCâs daily candle bearish close followed Bitcoinâs lead. Despite the negative close, Ethereum displayed relative strength compared to most other cryptocurrencies, maintaining a more resilient structure amid the decline. This reflects the assetâs continued dominance in the altcoin market. Related Reading: Ethereum Turns Bullish After Multi-Year Breakout â $7,000 May Be Imminent He noted that ETH/BTC has now reached its key support target zone. The marketâs behavior around this level will be crucial in determining whether Ethereum is preparing for a rebound or remains at risk of deeper consolidation. A recovery toward $4,170 remains possible if Ethereum can hold this support region and sustain its current stability. The analyst highlighted that a move back above $4,000 would serve as an encouraging signal, validating a successful retest of the lower support area. Such a move could reignite bullish sentiment and set the stage for renewed upside momentum in the short to mid-term. However, CRYPTOWZRD cautioned that Bitcoinâs price movement will continue to dictate the broader market trend. Heading into the weekend, the analyst acknowledged that the market remains unpredictable, with both bullish and bearish scenarios still in play. His current focus, he stated, will remain on monitoring lower time frame chart formations to identify potential scalp opportunities. Extreme Volatility Hits As Market Faces Major Liquidation Event In his conclusion, CRYPTOWZRD noted that the intraday chart for Ethereum showed extreme volatility as the market experienced one of the most intense liquidation events in its history. Despite the turbulence, he emphasized that reclaiming the $4,000 level places Ethereum back in positive territory. Related Reading: Ethereum Faces TD Sell Signal At Key Resistanceâ$4,100 Next? He explained that a retest of the $4,260 intraday resistance could serve as a key turning point in the short term. This zone will be crucial in determining whether Ethereum can sustain its recovery or faces renewed downward pressure. If price action shows weakness after testing this level, it may open the door for short opportunities as momentum begins to fade. CRYPTOWZRD added that he remains open to both bullish and bearish scenarios, acknowledging that weekend trading often brings slower volatility and unpredictable market behavior. With that in mind, he stated that he will continue to monitor price movements, waiting for the next clear trade setup to emerge before making any decisive moves. Featured image from Getty Images, chart from Tradingview.com
Dogecoin Price: â$6.9 Is A Magnetâ, Analyst Predicts
Dogecoin has plunged violently over the past 24 hours, shedding a large chunk of its value in a brutal correction across the entire crypto market. What looked like a hold above $0.25 turned into a fast breakdown that dragged the Dogecoin price to as low as $0.148 within 24 hours. However, technical analysis from crypto analyst Kaleo shows Dogecoin is ready to hit new all-time highs. In a post on X, he doubled down on a remarkably bullish prediction, stating that $6.90 is a âmagnetâ for Dogecoin. Related Reading: Bitcoin Who? XRP Leads Coinbase Search Charts, Beating The Giants Dogecoin Chart Tells The Story In his post on the social media platform X, Kaleo noted how members of the crypto community are increasingly waking up to see how primed Dogecoin is to reach higher levels. The chart accompanying Kaleoâs post shows the historical pattern that Dogecoin has followed after previous Bitcoin halvings. Each halving has always been followed by years of massive upside moves in Dogecoinâs price, with the meme coin breaking out of long-term descending resistance lines to record exponential gains. Examples shown in this chart are the 2017 and 2021 explosive price surges. Kaleo suggested that the current market phase mirrors the same structure seen just before the 2021 bull run, when Dogecoin broke above a key lower-high resistance from its previous all-time high. This moment is illustrated on the chart with the label âWe are here.â Dogecoin Price Chart. Source: @CryptoKaleo on X The $6.90 Magnet: Kaleoâs Logic Behind The Forecast Kaleo acknowledged that the projection of a $6.9 Dogecoin price target might sound a little too bullish, but his logic is based on the logic of market cap math. In his post, he explained that his projection for Bitcoin this cycle is to surpass $500,000. If Bitcoin surpasses $500,000 as expected, it would translate to a $10 trillion market capitalization. This sheer amount of inflow would flow into the rest of the crypto market, and Dogecoin could theoretically reach 10% of Bitcoinâs valuation, just as it did during the 2021 mania. That ratio implies a $1 trillion market cap for Dogecoin, which is equivalent to a $6.94 price per token based on the current circulating supply. Dogecoinâs recent price crash has complicated this bullish narrative. Instead of confirming an imminent breakout, the meme coin has fallen below the $0.25 support level. At the time of writing, Dogecoin is trading at $0.1971, down by 21.4% in the past 24 hours and having reached an intraday low of $0.1489. Related Reading: Sinking In Minutes: Binance Alpha Token Plunges 99% In Shocking Price Meltdown The breakdown looks like the kind of market-wide liquidity flushes often seen before major reversals. Yet, it also risks extending Dogecoinâs bearish structure and delaying any breakout if the price fails to recover quickly. Right now, recovery above $0.25 is important for bulls to rebuild bullish momentum. Featured image from Unsplash, chart from TradingView
Ethereum Dual Chart Recovery: ETH And ETH/BTC Signal Strength Despite Bearish Close
According to CRYPTOWZRD in a recent post, both Ethereum and ETH/BTC closed the session on a bearish note but quickly recovered, showcasing ETHâs resilience and renewed buyer confidence. He noted that a move above $4,000 would be a crucial development, potentially marking a key turning point for Ethereumâs momentum. Bearish Daily Close Mirrors Bitcoinâs Market Direction CRYPTOWZRD further explained that Ethereum and ETH/BTCâs daily candle bearish close followed Bitcoinâs lead. Despite the negative close, Ethereum displayed relative strength compared to most other cryptocurrencies, maintaining a more resilient structure amid the decline. This reflects the assetâs continued dominance in the altcoin market. Related Reading: Ethereum Turns Bullish After Multi-Year Breakout â $7,000 May Be Imminent He noted that ETH/BTC has now reached its key support target zone. The marketâs behavior around this level will be crucial in determining whether Ethereum is preparing for a rebound or remains at risk of deeper consolidation. A recovery toward $4,170 remains possible if Ethereum can hold this support region and sustain its current stability. The analyst highlighted that a move back above $4,000 would serve as an encouraging signal, validating a successful retest of the lower support area. Such a move could reignite bullish sentiment and set the stage for renewed upside momentum in the short to mid-term. However, CRYPTOWZRD cautioned that Bitcoinâs price movement will continue to dictate the broader market trend. Heading into the weekend, the analyst acknowledged that the market remains unpredictable, with both bullish and bearish scenarios still in play. His current focus, he stated, will remain on monitoring lower time frame chart formations to identify potential scalp opportunities. Extreme Volatility Hits As Market Faces Major Liquidation Event In his conclusion, CRYPTOWZRD noted that the intraday chart for Ethereum showed extreme volatility as the market experienced one of the most intense liquidation events in its history. Despite the turbulence, he emphasized that reclaiming the $4,000 level places Ethereum back in positive territory. Related Reading: Ethereum Faces TD Sell Signal At Key Resistanceâ$4,100 Next? He explained that a retest of the $4,260 intraday resistance could serve as a key turning point in the short term. This zone will be crucial in determining whether Ethereum can sustain its recovery or faces renewed downward pressure. If price action shows weakness after testing this level, it may open the door for short opportunities as momentum begins to fade. CRYPTOWZRD added that he remains open to both bullish and bearish scenarios, acknowledging that weekend trading often brings slower volatility and unpredictable market behavior. With that in mind, he stated that he will continue to monitor price movements, waiting for the next clear trade setup to emerge before making any decisive moves. Featured image from Getty Images, chart from Tradingview.com
Dogecoin Price: â$6.9 Is A Magnetâ, Analyst Predicts
Dogecoin has plunged violently over the past 24 hours, shedding a large chunk of its value in a brutal correction across the entire crypto market. What looked like a hold above $0.25 turned into a fast breakdown that dragged the Dogecoin price to as low as $0.148 within 24 hours. However, technical analysis from crypto analyst Kaleo shows Dogecoin is ready to hit new all-time highs. In a post on X, he doubled down on a remarkably bullish prediction, stating that $6.90 is a âmagnetâ for Dogecoin. Related Reading: Bitcoin Who? XRP Leads Coinbase Search Charts, Beating The Giants Dogecoin Chart Tells The Story In his post on the social media platform X, Kaleo noted how members of the crypto community are increasingly waking up to see how primed Dogecoin is to reach higher levels. The chart accompanying Kaleoâs post shows the historical pattern that Dogecoin has followed after previous Bitcoin halvings. Each halving has always been followed by years of massive upside moves in Dogecoinâs price, with the meme coin breaking out of long-term descending resistance lines to record exponential gains. Examples shown in this chart are the 2017 and 2021 explosive price surges. Kaleo suggested that the current market phase mirrors the same structure seen just before the 2021 bull run, when Dogecoin broke above a key lower-high resistance from its previous all-time high. This moment is illustrated on the chart with the label âWe are here.â Dogecoin Price Chart. Source: @CryptoKaleo on X The $6.90 Magnet: Kaleoâs Logic Behind The Forecast Kaleo acknowledged that the projection of a $6.9 Dogecoin price target might sound a little too bullish, but his logic is based on the logic of market cap math. In his post, he explained that his projection for Bitcoin this cycle is to surpass $500,000. If Bitcoin surpasses $500,000 as expected, it would translate to a $10 trillion market capitalization. This sheer amount of inflow would flow into the rest of the crypto market, and Dogecoin could theoretically reach 10% of Bitcoinâs valuation, just as it did during the 2021 mania. That ratio implies a $1 trillion market cap for Dogecoin, which is equivalent to a $6.94 price per token based on the current circulating supply. Dogecoinâs recent price crash has complicated this bullish narrative. Instead of confirming an imminent breakout, the meme coin has fallen below the $0.25 support level. At the time of writing, Dogecoin is trading at $0.1971, down by 21.4% in the past 24 hours and having reached an intraday low of $0.1489. Related Reading: Sinking In Minutes: Binance Alpha Token Plunges 99% In Shocking Price Meltdown The breakdown looks like the kind of market-wide liquidity flushes often seen before major reversals. Yet, it also risks extending Dogecoinâs bearish structure and delaying any breakout if the price fails to recover quickly. Right now, recovery above $0.25 is important for bulls to rebuild bullish momentum. Featured image from Unsplash, chart from TradingView