market direction Archives - Coin Engineer

Ethereum Rebounds From Key Support: What’s Next?

Yigit Taha OZTURK — Tue, 08 Jul 2025 12:00:33 +0000

In recent days, the crypto market has entered a quiet phase. This drop in volatility is often seen as the calm before the storm. Especially in major cryptocurrencies, the sideways price action may be signaling an impending breakout that could reshape the short-term market trend.

Strong Reaction From Ethereum

On the 4-hour chart, Ethereum (ETH) bounced from the 2,493 – 2,459 USD support zone with a notable upward move. This level has acted as a significant support for some time, and the bounce from here is technically important. Still, Ethereum has not clearly determined its next direction. Price action remains trapped between support and resistance.

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Breakout Direction Will Be Crucial

A similar pattern is seen in Bitcoin as well. The overall market is in a consolidation phase, which often precedes major moves. From a technical standpoint, strong momentum could build in either direction. Traders should closely monitor volume increases and breakout levels in the coming hours.

ETH/USDT pair 4-hour chart.

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The post Ethereum Rebounds From Key Support: What’s Next? appeared first on Coin Engineer.

The Giant Is Winding Up: A Breakout Looms for Ethereum

Yigit Taha OZTURK — Fri, 20 Jun 2025 11:00:26 +0000

In times when the crypto market seems relatively quiet, some assets are quietly gearing up for their next major move. One such example is Ethereum, currently trading within a well-defined triangle pattern that has caught the attention of technical analysts.

These consolidation patterns often precede sharp breakouts, especially when price action nears critical support or resistance levels. Right now, Ethereum appears to be on the brink of such a breakout.

Key Resistance Under Pressure

The upper boundary of the triangle—marked around $2,550—is being tested. If we see a solid 4-hour candle close above this level with supporting volume, a move toward the $2,650 mark could follow swiftly. This would signal renewed momentum for the bulls.

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However, volume confirmation is essential. Without it, there’s a risk of a false breakout, potentially trapping over-leveraged traders.

Downside Risk Still Lingers

Conversely, if Ethereum breaks down from the lower end of the triangle, the price could swiftly retreat to the $2,350 level. Short-term traders should closely monitor their stop-loss placements to manage risk accordingly.

While the direction isn’t confirmed yet, the breakout is likely near. Traders would be wise to watch support and resistance levels closely.

ETH/USDT pair 4-hour chart.

The post The Giant Is Winding Up: A Breakout Looms for Ethereum appeared first on Coin Engineer.

Tether Dominance At Crossroads: Correction Or Rally Ahead?

Yigit Taha OZTURK — Fri, 16 May 2025 15:00:32 +0000

There’s an often-overlooked yet powerful indicator in crypto markets: Tether dominance. It silently reflects investor sentiment and market risk appetite. Currently, USDT.D is hovering at a critical level, hinting at possible market direction in the days ahead.

Support Holds For Now

Tether dominance is currently holding steady at the 4.44% support level. As long as this support remains intact, there’s potential for a rise toward 5.16%. This would typically indicate a cooling period or correction phase for the broader market. Caution is advised, especially for traders entering long positions.

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Break Below May Trigger Bullish Shift

On the flip side, if the 4.44% support is broken, dominance could fall to 4.10%. This would suggest increasing risk appetite and could signal the start of a rally in Bitcoin and altcoins. Monitoring this level could provide early clues about broader market sentiment.

USDT.D pair daily chart.

The market stands at a turning point. Whether Tether dominance climbs or falls will likely influence the next major move. Traders and investors should keep a close eye on USDT.D for directional cues in this uncertain environment.

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 Tether Dominance At Crossroads: Correction Or Rally Ahead? appeared first on Coin Engineer.

Bitcoin At A Crossroads: Breakout Or Breakdown?

Yigit Taha OZTURK — Tue, 13 May 2025 17:00:54 +0000

Sometimes, the crypto market feels unusually quiet — but that calm often precedes major moves. We are in such a phase right now. All eyes are on Bitcoin as it tests a bearish Order Block zone on the hourly chart.

This zone has previously acted as a strong resistance level, where selling pressure intensified. Now, Bitcoin is once again challenging it, and the market awaits either a breakout or rejection.

Target Ahead: 105,806$

Should Bitcoin manage to break above this zone with strong volume, the next key resistance lies at 105,806$. A successful breakout could signal renewed bullish momentum and shift broader sentiment across the crypto space.

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Caution: Rejection Could Trigger 102,794$ Pullback

However, if BTC faces a strong rejection at this level, the first downside target would be the 102,794$ support. A break below this level could pave the way for a deeper correction.

BTC/USDT pair hourly chart.

Traders are advised to closely monitor volume and candlestick patterns. The price action in this zone could set the tone for the days ahead.

The post Bitcoin At A Crossroads: Breakout Or Breakdown? appeared first on Coin Engineer.

Big Breakout from Bitcoin ETFs! Ethereum Investors Are Soaring!

Yigit Taha OZTURK — Wed, 12 Feb 2025 09:00:03 +0000

The cryptocurrency market continues to surprise investors with its volatile nature. On February 11, 2025, significant movements were observed in Bitcoin and Ethereum spot ETFs. While Bitcoin ETFs saw a net outflow of $56.70 million, Ethereum ETFs recorded a net inflow of $12.60 million. These movements raised questions about whether the market is searching for a new direction.

Bitcoin ETF Outflows Accelerate!

On February 11, Bitcoin investors withdrew $56.70 million from spot ETFs. The outflows from some large funds, in particular, have raised concerns about the future of the market.

Fidelity’s FBTC ETF saw a large outflow of -$43.60 million.
BlackRock’s IBIT ETF, however, attempted to resist with an inflow of $23.80 million.
Funds like BITB (-$9.30M), BTCO (-$9.50M), EZBC (-$11.00M), and BTCW (-$7.10M) also joined the outflow wave.

These developments could put pressure on Bitcoin’s price. Investors see the withdrawal of assets from large funds as an important signal that may determine the market’s direction.

Unexpected Capital Flow in Ethereum ETFs!

While Bitcoin ETFs experienced outflows, Ethereum ETFs saw a net inflow of $12.60 million. This entire capital flow was directed towards BlackRock’s ETHA ETF.

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The increased interest from Ethereum investors indicates growing confidence in ETH, leading to speculation that Ethereum may perform more strongly than Bitcoin in the coming days.

Current Status of Crypto ETFs: Bitcoin or Ethereum?

Since the beginning of the year, Bitcoin ETFs have seen billions of dollars in inflows. However, the recent outflows have raised the question of whether a correction phase has begun in the market.

On the Ethereum front, the inflows into BlackRock’s ETH ETF suggest that ETH might gain stronger momentum compared to Bitcoin.

Market experts note that ETF inflows and outflows could have a significant impact on the prices of both Bitcoin and Ethereum. Therefore, investors should closely monitor ETF movements in the coming days.

The post Big Breakout from Bitcoin ETFs! Ethereum Investors Are Soaring! appeared first on Coin Engineer.