ETH drop Archives - Coin Engineer

Ethereum Nears Critical Level: Deeper Correction Ahead?

Yigit Taha OZTURK — Mon, 19 May 2025 15:30:43 +0000

Weeks that start quietly in the crypto market often resemble the calm before the storm. While investors hold their breath, technical signals on charts begin to hint at what might come next. This time, all eyes are on Ethereum.

Rejection From FVG Zone Raises Concerns

Recently, ETH faced a clear rejection from a downward Fair Value Gap (FVG) zone — a key technical level that has historically influenced price direction. Now, the coin is trying to hold above the 2,394$ – 2,265$ support band. A decisive break below this zone could trigger a stronger wave of selling.

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Analysts warn that if this support is lost, ETH may drop to around 2,100$.

ETH/USDT pair 4-hour chart.

Altcoin Long Traders Should Be Cautious

This setup doesn’t just affect Ethereum but casts a shadow over the broader altcoin market as well. Traders opening leveraged long positions should proceed with caution. Sudden wicks and liquidity hunts could result in unexpected losses.

Monitoring not just technical indicators but also market sentiment and volume trends will be key in navigating this phase. Investors are advised to apply strict stop-loss strategies to manage risk effectively in the short term.

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Eric Trump’s “Great Time to Buy” ETH Post Resurfaces After 50% Drop in Price!

Yigit Taha OZTURK — Mon, 07 Apr 2025 09:00:09 +0000

While the crypto markets have been experiencing sharp volatility in recent weeks, Eric Trump’s February 4, 2025 post about Ethereum ($ETH) has once again drawn attention. Trump had stated on social media: “In my opinion, it’s a great time to add $ETH.” However, following this statement, Ethereum saw a steep price decline.

Ethereum Dropped by 50% After the Post

Since Eric Trump’s post on February 4, 2025, Ethereum’s price has dropped by approximately 51%, falling to around $1,410. Back then, ETH was trading near the $3,000 mark, making this a significant loss within just two months. Analysts attribute the drop to a mix of macroeconomic uncertainty and weakening investor confidence.

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Investors React: “Pump or Mislead?”

Many users on social media have criticized Eric Trump’s statement, calling it speculative. Some investors claim they suffered losses after acting on his suggestion, sparking debates about market manipulation in crypto. The incident has reignited concerns over the power of high-profile social media posts to influence crypto prices.

Crypto experts continue to warn against making financial decisions based on social media posts. They emphasize the importance of conducting technical and fundamental analysis, and caution investors not to follow unverified recommendations without doing proper research.

The post Eric Trump’s “Great Time to Buy” ETH Post Resurfaces After 50% Drop in Price! appeared first on Coin Engineer.

Sharp Fall in Crypto Markets: Blood Loss in Bitcoin and Altcoins!

Yigit Taha OZTURK — Fri, 28 Feb 2025 08:30:46 +0000

The cryptocurrency market has faced intense selling pressure in the past 24 hours. Bitcoin (BTC) dropped 6.54% to $79,172, while Ethereum (ETH) declined 8.68% to $2,106. A similar trend was observed in altcoins, with red dominating the overall market.

Bitcoin Technical Analysis

On the daily chart, Bitcoin is moving within a broad Fair Value Gap (FVG) in an upward direction. If this zone is lost, a decline toward the $75,000 level could occur. On the other hand, $85,265 stands out as the nearest resistance level in case of an upward move. Breaking this level could trigger a new uptrend in BTC price.

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How Much Have Coins Dropped?

The past 24 hours have seen significant declines in the cryptocurrency market. Bitcoin (BTC) lost 6.54%, dropping to $79,172. Ethereum (ETH) fell 8.68% to $2,106. Among major altcoins, Solana (SOL) decreased by 6.89% to $128.20, XRP declined 8.52% to $2.0110, and Dogecoin (DOGE) plunged 10.36% to $0.1854. Binance Coin (BNB) fell 5.96% to $569.34, while Cardano (ADA) dropped 7.97% to $0.5937. The prevailing selling pressure is making investors cautious.

While some altcoins have shown signs of recovery, the overall market remains weak. Rune (RUNE) gained 6.59%, and Pepe (PEPE) surged 10.02%, making them standout performers in the market.

With uncertainty surrounding market direction, investors should remain cautious about large price movements. The testing of critical support levels suggests that volatility may persist in the coming days.

The post Sharp Fall in Crypto Markets: Blood Loss in Bitcoin and Altcoins! appeared first on Coin Engineer.