The crypto market experienced a minor recovery, with Bitcoin reclaiming $100,000 and Ethereum overcoming a downturn. However, both cryptocurrencies failed to sustain the recovery, with Bitcoin dropping back below $100,000 and Ethereum falling below the $2,700 mark. Ethereum's price analysis shows bearish pressure, with a potential retest of the $2,665 support level. Amidst market volatility, Donald Trump's World Liberty Financial has moved assets to Coinbase, including unstaking over 19,000 Lido Staked Ethereum. Eric Trump has expressed bullish sentiment on Ethereum, suggesting the Trump family may be buying the dip. Institutional interest in Ethereum has also resurfaced, with Fidelity purchasing $49.7 million worth of ETH. However, the overall market trend remains uncertain, and Ethereum's price could retest the $2,224 support level if the bearish pressure continues.
Content Editor ( thecryptobasic.com )
- 2025-02-04
Ethereum Bulls Crumble Again: Is $2,224 the Next Stop?
