Sources: 
Ethereum recently dipped below the $2,500 mark, signaling short-term challenges in the cryptocurrency market. However, analysts note the emergence of bullish patterns that could indicate a potential rally ahead.
The broader crypto market remains volatile, with liquidations totaling
$158 million in the past 24 hours, split between
$73.45 million in long positions and
$84.48 million in short positions. This volatility is partly driven by geopolitical tensions, notably the Israel-Iran conflict, which has unsettled investors.
Bitcoin, in contrast, has shown strength, buoyed by a surge in ETF inflows amounting to
$1.3 billion this week. This influx has pushed Bitcoin's price to around
$105,300, despite a recent slip below the 21-day moving average.
A crypto analyst highlighted that Bitcoin is forming a descending triangle pattern on daily charts, a setup typically associated with bearish outcomes, adding complexity to market predictions.
Meanwhile, Binance Coin (BNB) has maintained resilience, staying above key support levels despite the ongoing volatility.
Market watchers remain cautious but optimistic about Ethereum's prospects, as the bullish technical signals could spark a rebound if broader market conditions stabilize.
“Ethereum is facing challenges, recently dropping below $2,500, although it shows signs of a potential rally with bullish patterns forming,” a market report noted.
Overall, the crypto market is navigating a turbulent period influenced by external geopolitical factors and internal technical dynamics, making short-term movements unpredictable but setting the stage for possible upward momentum in Ethereum.
Sources: Ethereum's price fell below $2,500 amid volatile crypto markets but shows bullish patterns hinting at a possible rally. Bitcoin surged to $105,300 with $1.3 billion ETF inflows, while $158 million in liquidations highlight ongoing market uncertainty amid geopolitical tensions.
