*1. Current Price:* Ethereum is trading around *$2,247*, down about 2.8% in last 24 hours. Price is currently testing its support level as shown in the chart.
*2. Reason for Drop:* ETH followed BTC's drop. BTC fell due to a major hack and ETF outflows, which pulled down the entire crypto market.
*3. Support & Resistance:* Strong support is at *$2,000* and immediate resistance at *$2,250*. In the chart you can see ETH touched $2,174 and is bouncing back.
*4. Technical Indicator:* ETH dropped from $2,379 high to $2,174 low. RSI is near oversold, so sellers are strong but a short-term bounce is expected.
*5. Market Sentiment:* ETH is down 21% this year and down 12% in the last month, but still up 4.4% in the last 6 months. Market is in fear.
*1. Current Price:* BTC is trading around *$78,000* today, down about 4.82% in last 24 hours.
*2. Reason for Drop:* This drop is due to a major $6 Billion hack on Binance and $772 Million outflow from US ETFs.
*3. Support & Resistance:* Key support is at *$77,400* and strong resistance at *$81,500*, market is stuck in this range.
*4. Technical Indicator:* RSI (14) is at *33.2*, which is near oversold zone, meaning sellers are dominant but a bounce is possible.
*5. Market Sentiment:* Fear & Greed Index is at 30 (Fear zone), and BTC is 38% down from its All Time High of $126k.
*6. What's Next?* In next 2-3 days, consolidation expected between $77,412 - $79,491. If $77.4k breaks, it can go to $76k, otherwise recovery can start from here. $BTC #EarningsSeason #BTCPrediction97k #BTC #BTC☀️ #BTC突破7万大关 $BTC