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Recent data shows ETH made a false breakout above ~$2,834 on the hourly chart, then pulled back.
On the weekly timeframe, ETH is approaching a key support zone around US$2,700.
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🔍 What’s Driving Ethereum’s Movement
Macro & Market Sentiment
The broader crypto market is under pressure as risk-assets are being re-rated — ETH is reacting alongside.
Institutional and regulatory developments remain mixed but lean positive for the mid-/long-term. For example, broader crypto ETF launches could benefit the ecosystem.
Technical / Chart Signals
ETH has lost the ~$2,800 support zone and is now testing lower boundaries.
Key support band: ~US$2,500-2,700. If that fails, the next lower zone gets triggered.
Recent trend: Bitcoin broke below ~$90,000 in early November 2025, falling sharply with broader risk-assets.
Key support zone: ~$82,000 appears as significant support for BTC.
Market dynamics:
Risk-off sentiment in financial markets has weighed heavily on cryptocurrencies, including Bitcoin.
Correlation between Bitcoin and traditional assets (stocks, bonds) is increasing, reducing its “safe-haven” appeal for now.
🎯 Outlook: Will it pump?
Here’s a balanced view of possible scenarios:
Bullish case: If Bitcoin holds above the ~$82,000 support zone and macro conditions (like interest-rates or policy shifts) turn favourable, a bounce could push Bitcoin toward $100,000-$115,000 USD in the near-to-medium term. This aligns with technical frameworks that suggest upside if support holds.
Bearish case: If Bitcoin fails to hold that support and risk-off sentiment deepens, the next drop could target the ~$60,000-$65,000 USD range.
🎯 My Target Price Estimate
Given the information:
Moderate target: ~$105,000 USD — implies ~20-25% upside from current ~$86,000 assuming support holds and conditions improve.
Downside guard: ~$65,000 USD — if support breaks, risk-downside ~25-30%.
🔥 THE $200 MILLION TRUTH: What Actually Happened on November 21st
Bitcoin didn’t crash because people sold. Bitcoin crashed because the leverage engine exploded.
On November 21, 2025, only $200 million in real selling triggered $2 billion in forced liquidations. Read that twice.
For every $1 that investors sold, $10 in borrowed money vanished instantly. That’s the hidden structure no one talks about:
👉 90% of Bitcoin’s market is leverage stacked on top of 10% real capital. A $1.6 trillion asset built on just $160 billion of actual money — the rest is a mirage that dissolves when prices move.
A man named Owen Gunden, who bought Bitcoin under $10 in 2011, held for 14 years, and watched his stack reach $1.3 billion, sold everything on November 20th. Not out of fear. But because he understood the system had changed.
And the spark didn’t even come from crypto. It came from Tokyo. $BTC $XRP
The crypto market has been hit hard in recent days. According to recent data, around $900 million in leveraged crypto positions have been liquidated, accelerating the drop.