The price of different cryptocurrencies decreased today. Bitcoin, Solana, Ethereum, Doug, Ondo, among many others, has decreased by 1.5 % to 7 % over the past 24 hours.
There can be several factors behind this decrease, but the most obvious factors now seem to be the transformation of feelings about Bitcoin and Ethereum. Technical signals and resisting scent began from both main assets in weight significantly on the broader market.
BTC Breaks Breaks Support as Behying Pressure Build
Crypto Express shared a chart that tells this morning that shows Bitcoin (BTC) collapsing from an upward triangle after its rejection near the main horizontal resistance area of about $ 105,000. The BTC price is now to do so The high direction supportThat had been held for several days. This type of rest can often indicate the beginning of the short -term landing direction.
#BTCUsdt analysis
BTC has been rejected when horizontal resistance is now collapsing from the rising triangle. A successful re -test below the triangle will confirm the direction of the short -term landing.
The price is also approaching the EMA 200 support level. Reflection of this … pic.twitter.com/g4psxorjzh
– The Crypto Express (ThecryptoExpres) May 15, 2025
In the graph, BTC hovers near 200 EMA (Si Mobile Mediterranean), a major technical support level. If Bitcoin fails to keep this line, it may confirm a deeper withdrawal. On the other hand, if buyers enter around 200 EMA and be able to pay the price back above the broken triangle, there is still an opportunity to apostasy.
According to Crypto Express, this breakdown is crucial. They warn that unless BTC quickly regains the direction line, we may see lower prices in the near future.
Ali, a famous encryption analyst on X, pointed out that RSI excessive purchase signalsThis indicates that the price of bitcoin was due to the break. To add to a declining narration, Note Ali too The number of portfolios bearing at least one bitcoin has decreased by 5,000 in the past two months. This is not a great sign of long -term feelings.
Ethereum price correction after rejection
ETAREUM (ETH) has become hot recently, but according to Ferette Berkan Devltoglu (BTCFERIT)It is time to stop. After the gathering strongly, the ETHEREUM price recorded resistance at $ 2,677 and failed to penetrate. It is now combined above 2600 dollars and it appears to be a possible rise.
If ETH cannot keep the $ 2584 support level, Ferret believes that we can see a decrease to an area of $ 2,455. And if things get worse, there is an ETH opportunity to $ 2.201, which is lined with a major request area from previous outbreak. If buyers lose control completely, the additional passive side may take about $ 2087 or up to 1978 dollars.
But it is not all death and depression. If Ethereum is able to apostasy from its current levels and penetrate 2677 dollars with a strong size, the upward trend may continue, which may push the price of ETH above 2800 dollars.
Feeling of the encryption market is fragile
At the present time, feelings of encryption feel shake. Although the general trend in the past few weeks has been optimistic, it seems that today’s correction is driven by a set of technical rejection in the resistance areas and some dull momentum. Bitcoin and Ethereum are still increasing dramatically from their lowest levels, but in the short term, the market may need a slightly calm before making another step higher.
Also read: Coin PI prices are broken – why the Pi Network County Trust loses
Currently, all eyes are on whether BTC can keep 200 EMA and whether ETH Bulls can defend $ 2584. The next few days may be a key to determining whether this is just a health decline or a deeper correction.
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Read the recent encryption market updates, news and technical analysis here.
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