crypto outlook Archives - Coin Engineer

Ethereum Bounces From Support: Is $2,880 the Next Target?

Yigit Taha OZTURK — Wed, 09 Jul 2025 08:30:15 +0000

In crypto markets, technical levels can often trigger sharp reversals—and this week, Ethereum provided a textbook example. On the 4-hour chart, the 2,493 – 2,459 USD support zone held perfectly, producing a strong bounce just as expected.

Following the reaction from that level, price climbed up to the 2,697 – 2,633 USD resistance zone, reaching the short-term target outlined in our previous outlook. From a technical standpoint, that initial move has now played out successfully.

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A Breakout Could Signal the Next Move

Attention now shifts to whether this resistance zone can be broken with a confirmed close on the 4-hour chart. If such a breakout occurs, the next upside target for Ethereum could be around 2,880 USD.

For the moment, the market appears to be pausing, with traders watching closely. To validate further upside, price must break through this area decisively and with strong volume. Otherwise, we may see minor pullbacks before any continuation.

We remain on watch for now, as the technical setup continues to develop.

ETH/USDT pair 4-hour chart.

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The post Ethereum Bounces From Support: Is $2,880 the Next Target? appeared first on Coin Engineer.

Bitcoin Reacts to War News: Key Support Lost, What’s Next?

Yigit Taha OZTURK — Fri, 13 Jun 2025 13:00:20 +0000

As global tensions rise, the crypto market has not remained immune. Following yesterday’s war-related headlines, Bitcoin broke a key support level, triggering high volatility across the board.

Support Lost, Rebound Faces Resistance

BTC lost the $106,400 – $105,328 support zone after a sharp drop. The long wicks seen during the decline suggest intense selling pressure. Although price is currently attempting a recovery, it appears to be facing resistance, limiting further upside.

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If Bitcoin fails to hold above the $106,400 zone, the next support to watch will be around $101,466. This level could play a decisive role in determining the short-term direction.

Break Above Resistance Could Reopen Path to $108,000

If the price can reclaim and maintain a position above the broken resistance, a renewed move toward the $108,000 level becomes technically possible.

Given the current instability in both global and crypto markets, caution remains key. Traders are advised to manage risk carefully and stay alert to rapid market shifts.

BTC/USDT pair 4-hour chart.

The post Bitcoin Reacts to War News: Key Support Lost, What’s Next? appeared first on Coin Engineer.

New Momentum in Bitcoin Dominance: Key Support Zone Triggers Bounce

Yigit Taha OZTURK — Mon, 26 May 2025 15:00:29 +0000

As the crypto market seeks direction, investors are paying close attention not just to prices, but to broader market indicators. One such critical metric is Bitcoin dominance — the measure of Bitcoin’s share in the overall market cap. In recent days, this metric has become central to assessing market sentiment.

Changes in dominance often signal whether altcoins can breathe or get suppressed, making technical levels more significant than ever.

Strong Reaction From the Order Block Zone

The previously identified bullish order block has delivered. Bitcoin dominance received strong buying support from this area and has resumed its upward momentum. This move is shaping market expectations and risk perception across the board.

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If the current support holds, dominance may rise toward the 65.38% level — a scenario that favors Bitcoin’s continued market leadership.

Breakdown Could Signal Retreat

However, the continuation of this trend hinges on that critical support zone. A breakdown below this level could lead to a pullback toward the 62.80% mark. Such a move may offer temporary relief to the altcoin market.

BTC.D pair 4-hour chart.

Whether dominance climbs or corrects, its movements carry broader implications for the entire crypto ecosystem. These levels deserve close attention.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post New Momentum in Bitcoin Dominance: Key Support Zone Triggers Bounce appeared first on Coin Engineer.