The Relative Strength Index (RSI) is moving toward a support level around 45, suggesting more room for consolidation or decline for Bitcoin in the coming days.<\/p>\n
Overall, Bitcoin remains at a pivotal juncture. If the 1.618 Fib resistance breaks, BTC could enter a parabolic phase, with potential upside targets beyond $110,000. However, failure to reclaim this level may lead to extended consolidation or a deeper correction toward key moving averages and Fibonacci support zones.<\/p>\n
Ethereum Weekly On-Chain Analysis<\/h2>\n
Ethereum\u2019s latest on-chain metrics reveal a concerning trend of increasing selling pressure, coupled with a decline in institutional demand. While derivatives data hints at a potential trend reversal, retail-driven buying, particularly in Korea, suggests speculative behavior that could lead to short-term volatility.<\/p>\n
Exchange Netflow \u2193 (Bullish):<\/strong> Fewer ETH inflows than the 7-day average, reducing immediate sell-side pressure.<\/li>\n
Exchange Reserve \u2191 (Bearish):<\/strong> Rising ETH reserves indicate higher potential selling pressure, as more coins are moved to exchanges.<\/li>\n<\/ul>\n
Fund Premium \u2193 (Bearish):<\/strong> Lower ETF inflows, reflecting reduced confidence from large investors.<\/li>\n
Korea Premium \u2191 (Bearish):<\/strong> High Korean retail buying pressure, often linked to speculative price action rather than long-term accumulation.<\/li>\n<\/ul>\n
Derivatives Market: Possible Trend Shift<\/strong><\/h3>\n
\n
Open Interest \u2193 (Neutral\/Bearish):<\/strong> A decrease in open interest suggests some traders are exiting positions, which could signal a trend reversal.<\/li>\n
Funding Rate \u2191 (Bullish):<\/strong> Dominant long sentiment indicates that traders remain optimistic about ETH\u2019s price movement despite weakening fundamentals.<\/li>\n<\/ul>\n
Ethereum Weekly Technical Analysis<\/h2>\n
Ethereum is currently testing a critical neckline support of its head-and-shoulders (H&S) pattern, hovering around $2,295\u2013$2,300. A decisive breakdown below this level could confirm a bearish continuation, with a measured move targeting $1,371\u2014a key historical support zone.<\/p>\n<\/figure>\n<\/div>\n