After the US market opening, Bitcoin turned down again and fell to $76,400. Buyers’ reluctance pushes losses in altcoins to over 5%. ETH is at risk of losing $2k. So what do historical data tell us? What awaits cryptocurrency investors?
They Have Given Up Now
October 10 collapse cryptocurrencies It was a turning point for . In addition to daily losses of billions of dollars, just hours ago there was a liquidation of 2.5 billion dollars in a single day. Although the deletion of billions of dollars of long positions has dried up the liquidity below, buyers are reluctant to liquidate shorts and have lost their strength.
Noting the change in momentum, Swissblock now thinks the bulls may have given up.
“Negative momentum is currently extreme as the bear market continues following the flash crash on October 10. However, we have recently seen buyers’ attempts to change management fail for the first time.
Historically, momentum values of +0.5 and -0.5 are key levels that determine significant changes in the structural regime. In mid-January, there was an attempt to initiate a bullish structural change, but sellers successfully defended their positions, maintained the bearish structure, and returned to the extreme negative momentum environment.
“The behavior of momentum at these turning points is key to determining strong structural changes in the medium and long term.”
Ethereum Could Drop to $1,800
Ether, which experienced a very short-term rally in 2025, now faces the risk of losing 2 thousand dollars again. Moreover, while BTC was at levels that could be considered cheap, it fell below 77 thousand dollars because it could not attract buyers. DaanCrypto Ether’s He says that if it loses the range in which it has been stalling for a long time, the price may return to the rally breakout level supported by BitMine and other ETH reserve companies.
“ETH Overall price action has been very bad this cycle, but the levels are very clear.
We have been marking the $2,100 and $2,800 range for a long time, and these levels remain extremely well protected. So there is no need to overcomplicate the situation. Currently, we are in the $2,100 to $2,800 range, which we have been in for a long time already.
If we lose this, the next level will be $1,800. “This is the breakout level before the big rally driven by Tom Lee/Bitmine.”
ETH At the time of writing, the range is just $100 above the bottom.
