Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Here’s when Ethereum’s ‘real breakout begins’ as whales go big on ETH

03/08/2025

GSR Invests $100M in MEI Pharma to Launch Litecoin Treasury Strategy

03/08/2025

SEC Chair Paul Atkins Makes Historic Cryptocurrency Statements – Here Are the Details

03/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Expert Says If You’re Already a Millionaire, You Must Own 1 Full Bitcoin

    03/08/2025

    Bitcoin Beats Gold as 2025’s Top Asset with $123K Price Breakout

    02/08/2025

    Saylor’s Strategy Bags $31B in Unrealized Profits as Bitcoin Hits $122K

    02/08/2025

    Bitcoin hit a new all-time high of $123,400 on Monday after massive ETF inflows

    02/08/2025

    Here’s when Ethereum’s ‘real breakout begins’ as whales go big on ETH

    03/08/2025

    Traders predict Ethereum price for August 1, 2025

    03/08/2025

    New Ether Treasury Firm ‘ETHZilla’ Emerges With $425M Funding and a DeFi Twist

    02/08/2025

    BitMine Still Ahead Despite SharpLink’s Latest Ether Purchase

    02/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Ethereum Collections Lead NFT Sales Today

    03/08/2025

    how NFTs became a global brand and a Web3 “social currency”

    02/08/2025

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    02/08/2025

    Labubus have succeeded in every way that NFTs have failed

    01/08/2025

    Here’s when Ethereum’s ‘real breakout begins’ as whales go big on ETH

    03/08/2025

    GSR Invests $100M in MEI Pharma to Launch Litecoin Treasury Strategy

    03/08/2025

    SEC Chair Paul Atkins Makes Historic Cryptocurrency Statements – Here Are the Details

    03/08/2025

    StarAI Joins Self Chain Ecosystem, Ushering in a New Era of Decentralized Creativity

    03/08/2025
  • Blockchain

    StarAI Joins Self Chain Ecosystem, Ushering in a New Era of Decentralized Creativity

    03/08/2025

    Zoro and Endless Protocol Join Forces to Build Privacy-Preserving AI Agents

    03/08/2025

    Pakistan forms ties with Kyrgyzstan to collaborate on crypto and blockchain innovation

    03/08/2025

    Ispolink Joins Forces with ZK Zyra to Bring Zero Knowledge Proofs to AI-Powered Web3 Games

    02/08/2025

    IONOS’ InternetX plans to tokenize 22M domains through Doma Protocol

    01/08/2025
  • DeFi

    Spheron Adds Allora for No-Code AI Automation in DeFi

    03/08/2025

    Strobe Finance Launches on Axelar Network to Power DeFi Capabilities, Cross-Chain Interoperability

    02/08/2025

    Chainlink introduces new pricing methodology for DEX-traded assets

    02/08/2025

    Why This DeFi Dip Might Be the Start of a Major Rotation?

    02/08/2025

    Lido cuts staff, Curve rethinks L2s

    02/08/2025
  • Metaverse

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025
  • Regulation

    GSR Invests $100M in MEI Pharma to Launch Litecoin Treasury Strategy

    03/08/2025

    Cantor Fitzgerald’s Astounding $500 Prediction Unveiled

    03/08/2025

    Mercurity Fintech Secures $200 Million Credit to Build a Solana (SOL) Treasury

    03/08/2025

    Companies holding crypto is only Phase One

    02/08/2025

    Citadel and SIG-Affiliated Heights Capital Acquire Nearly 20% Stake in Nano Labs

    02/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    9GAG and Moonit Unleash Real-Time Tokenization of Viral Content

    03/08/2025

    According to Analysts, This Signals Something

    03/08/2025

    Solana DEX volume dips 20% after co-founder slams meme coins

    02/08/2025

    Alchemy Pay Adds Pendle Finance to Fiat On-Ramp for Seamless DeFi Access

    02/08/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    02/08/2025

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    01/08/2025

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    31/07/2025

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    30/07/2025

    Is solo Bitcoin mining making a comeback?

    02/08/2025

    Bitdeer’s Remarkable 63.1 BTC Weekly Success

    02/08/2025

    Sanctioned nations are secretly mining Bitcoin and the clues are in the hash rate

    02/08/2025

    Bitcoin Mining Profitability Last Month Hit Highest Level Since the Halving: JPMorgan

    01/08/2025

    SEC Chair Paul Atkins Makes Historic Cryptocurrency Statements – Here Are the Details

    03/08/2025

    Crypto Legislation To Watch This Fall

    03/08/2025

    Panama Crypto Law Aims To Make The Country A Bitcoin Hub

    03/08/2025

    Hong Kong Kicks Off Stablecoin Licensing Regime With Eye on Global Hub

    02/08/2025

    Here’s when Ethereum’s ‘real breakout begins’ as whales go big on ETH

    03/08/2025

    GSR Invests $100M in MEI Pharma to Launch Litecoin Treasury Strategy

    03/08/2025

    SEC Chair Paul Atkins Makes Historic Cryptocurrency Statements – Here Are the Details

    03/08/2025

    StarAI Joins Self Chain Ecosystem, Ushering in a New Era of Decentralized Creativity

    03/08/2025
  • MarketCap
NBTC News
Home»Ethereum»Ethereum (ETH) Bears Take Control as Price Drops 10%
Ethereum

Ethereum (ETH) Bears Take Control as Price Drops 10%

NBTCBy NBTC08/01/2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • Ethereum (ETH) trades at $3,330.61, down 9.70% in 24 hours.
  • Bearish moving average crossover signals further downside risk.

Ethereum (ETH) is currently trading at $3,330.61, reflecting a 9.40% decline over the past 24 hours. The market capitalization stands at $401.25 billion, down 9.41% during the same period. Trading volume surged by 71.15% to $37.19 billion, indicating heightened market activity.

The market cap ratio has risen to 9.22%. Ethereum’s circulating supply remains constant at 120.47 million ETH. On January 7, Ethereum spot ETFs saw net outflows of $86.79 million, reducing their total net asset value to $12.28 billion. This marks a significant outflow, hinting at persistent selling pressure.

Key Levels and Bearish Indicators

Ethereum faces immediate resistance at $3,620. A successful breakout above this level could push the price toward $3,750. On the downside, the first support lies at $3,300, with a further drop potentially bringing the price to $3,200. Breaching $3,200 might escalate bearish momentum, driving ETH lower.

The RSI (14) is at 24.60, signaling oversold conditions and suggesting a possible reversal. However, the RSI average is at 52.36, reflecting broader market volatility. These levels indicate that while bearish momentum dominates, the price could stabilize or rebound in the near term.

Moving averages further confirm the bearish trend. The 9-day moving average for ETH ($3,511.61) has crossed below the 21-day moving average of $3,591. This bearish crossover signals continued downward pressure in the short term. Historically, such crossovers precede extended corrections unless the trend reverses quickly.

The bearish crossover in moving averages suggests Ethereum’s price may remain under pressure for the foreseeable future. If the 9-day MA continues to fall further below the 21-day MA, it could strengthen the bearish outlook. Traders should watch for a potential “death cross,” which could indicate a longer-term downtrend.

On the other hand, the oversold RSI levels provide a glimmer of hope for bullish traders. A recovery in RSI above 30 could attract buying interest and trigger a short-term price rally. However, any upward movement must overcome the $3,620 resistance to sustain momentum.

Ethereum’s price remains under pressure due to bearish technical indicators and significant ETF outflows. While oversold RSI levels hint at a possible rebound, moving averages and resistance levels suggest caution. Breaking below $3,300 may deepen losses, while a surge above $3,620 could revive bullish sentiment.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Here’s when Ethereum’s ‘real breakout begins’ as whales go big on ETH

03/08/2025

Traders predict Ethereum price for August 1, 2025

03/08/2025

New Ether Treasury Firm ‘ETHZilla’ Emerges With $425M Funding and a DeFi Twist

02/08/2025

BitMine Still Ahead Despite SharpLink’s Latest Ether Purchase

02/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Here’s when Ethereum’s ‘real breakout begins’ as whales go big on ETH

03/08/2025

GSR Invests $100M in MEI Pharma to Launch Litecoin Treasury Strategy

03/08/2025

SEC Chair Paul Atkins Makes Historic Cryptocurrency Statements – Here Are the Details

03/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.