On the 4-hour chart, the price was rejected from the resistance area between $2,697 and $2,633. Following this rejection, ETH pulled back to the imbalance zone between $2,493 and $2,459. While a minor bounce occurred from this range, the overall move remains weak and indecisive.

Losing Support Could Open The Door To $2,373

At present, the key level to watch is the $2,459 support. If this zone is breached, the likelihood of a drop toward $2,373 increases significantly. In low-volume environments, such as during weekends, sharp movements become more likely, especially if triggered by unexpected sell orders.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

On the flip side, if Ethereum can manage a close above $2,550, bulls may find the strength to target the upper resistance band again, specifically the $2,633 – $2,697 range.

Indecision Dominates The Market

So far, the bounce from the imbalance zone lacks strong momentum. Both bulls and bears appear cautious, waiting for confirmation. Over the coming sessions, where ETH closes will be crucial in determining short-term direction. During such uncertain phases, using clear stop-loss levels and level-based strategies becomes critical.

Investors should closely monitor $2,459 and $2,550 as the most decisive price levels in the immediate term.

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 Silent Pressure on Ethereum What Lies Below The Support Zone? appeared first on Coin Engineer.

The current developments near critical thresholds may be decisive not only for direction but also for market sentiment.

Strong Bounce from a Key Support

Recently, Bitcoin pulled back to the 106,506$ level, where it found robust support. This level acted as a springboard, fueling a swift upward movement that brought the price back into technically significant territory.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

One area drawing particular attention is the bullish FVG zone (108,725$ – 107,972$) formed during this upward move. As long as the price remains above this zone, the potential for further gains remains solid.

What If the Zone Breaks Down?

However, caution is warranted. Should Bitcoin fall below the FVG zone, a retest of the 106,506$ support level becomes increasingly likely. Such a move could significantly impact short-term sentiment and decision-making among market participants.

Keeping a close eye on these levels and preparing for potential volatility is essential for traders.

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 Bitcoin Tests Key Threshold: Is a New Rally on the Horizon? appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

BTC/USD pair has gained 4.78% in the last 24 hours and is currently trading at $87,513. After losing $86,641 support, Bitcoin (BTC) retested the area and dropped to the FVG support zone. Now, it is attempting to reclaim the $86,641 support level. The resistance remains the FVG zone.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethereum (ETH): ETH/USDT pair has gained 5.65% in the last 24 hours and is now trading at $2,199.

• Resistance levels: $2,366, followed by $2,532.
• Support levels: $2,162 and $2,081.

Aave (AAVE): AAVE/USDT pair has surged 22.97% in the last 24 hours and is currently trading at $214.97.

• Resistance levels: $210.24, followed by $227.03.
• Support levels: $192.37, with a deeper support at $178.56.

Chainlink (LINK): LINK/USDT pair has risen 10.08% in the last 24 hours and is now trading at $15.31.

• Resistance levels: $15.56, followed by $17.55.
• Support levels: $14.26, with further downside at $13.40.

Uniswap (UNI): UNI/USDT pair has gained 8.16% in the last 24 hours and is currently trading at $7.328.

• Resistance levels: $7.306, followed by $7.668.
• Support levels: $6.877, with a deeper support at $6.467.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market include Pi Network (PI), KAITO (KAITO), and Ethereum (ETH). The top gainers are KAITO (KAITO), Aave (AAVE), and BTSE Token (BTSE), while the top losers are Turbo (TURBO), Worldcoin (WLD), and Grass (GRASS).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the most notable upper-side liquidation is at $89,278 with $74.37 million in liquidations. On the downside, $86,386 stands out with $35.51 million in liquidations.

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 The Latest on Bitcoin and Cryptocurrencies: 5 March appeared first on Coin Engineer.