BTC Holds Bullish Structure as ETH Faces $2,400 Test
Bitcoin's price has been struggling to break through the $80,000 threshold, but it still holds its broader bullish structure. Despite a recent decline in momentum, Bitcoin remains above key moving averages and technical indicators are indicating oversold conditions.
The $2,400 region is crucial for Ethereum, as breaking below this level could weaken the recovery structure and send the price towards $2,282 or even $2,194. On the other hand, a break above $2,568 could strengthen the bullish case and push Ethereum towards $2,700 to $2,800.
$XRP has entered a deeper correction after failing to sustain its advance toward $1.60. The token is currently testing the $1.34 region, which closely matches its 0.5 Fibonacci retracement, and needs to reclaim $1.35 before buyers can regain stronger control.