Analyst Claims Bitcoin and Ethereum Affected by Market Manipulation
- Market Manipulation Claims: Renowned cryptocurrency analyst Garret Bullish argues that Bitcoin and Ethereum's underperformance is not due to macro factors but rather internal market dynamics, including deleveraging cycles and deliberate price manipulation by exchanges, leading to heightened investor anxiety.
- Deleveraging Impact: Bullish notes that the October deleveraging decline wiped out significant speculative capital, making crypto participants extremely sensitive to downside risks, particularly during periods of thin liquidity when concentrated selloffs frequently occur.
- Capital Flow Barriers: He highlights that retail capital has been absorbed by AI-related equities, and the transition of capital from traditional finance to crypto still faces regulatory and psychological barriers, limiting inflows into Bitcoin and Ethereum.
- Long-Term Optimism: Despite short-term underperformance, Bullish believes this represents mean reversion within a historical cycle, and anticipates a recovery in the crypto market as macro conditions improve and regulatory clarity increases.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 622.651 | 1185.225 | 1703.501 | 2266.075 | 2784.351 | 3346.925 | 3865.201 |
| Fibonacci | 1185.225 | 1598.11 | 1853.191 | 2266.075 | 2678.96 | 2934.041 | 3346.925 |
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