The cryptocurrency market opened the new weekly candle bearish, as Bitcoin, Ether, and XRP tested key support levels. Ether, the second-largest cryptocurrency by market cap, briefly dropped below the $1,900 level after losing 3% of its value on Sunday. The technical indicators remain extremely bearish, suggesting that Ether could be on track to retest the $1,500 support level over the coming days or weeks. Ether dips below $1,900 as selling pressure persists Ether lost more than 3% of its value in the last 24 hours and briefly dropped to the $1,850 level amid a broader de-risking sentiment led by nervousness surrounding tariffs. This dip meant that ETH broke the lower trendline of its prevailing bear pennant pattern.
ETH eyes further dip as Buterin looks to sell more holdings
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AI INSIGHT
Ether falls more than 3% in 24 hours to briefly trade at $1,850 on Sunday, dipping below $1,900; Vitalik Buterin resumes ETH distributions and holds more than 7,000 ETH earmarked for sale, on-chain data show.
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