NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Here’s Why Ethereum Could Start Nosediving to $170 This Week

Cole Petersen
Cole Petersen
5 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ethereum’s weakness as of late has primarily been rooted in that seen by Bitcoin.

From a fundamental perspective, the cryptocurrency is arguably at one of its strongest points ever, with daily transactions recently breaking 1 million while its userbase sees massive growth.

This strength has not translated into positive price action yet, as all of the profits within the Ethereum ecosystem have been limited to the booming DeFi sector.

It is a strong possibility that some of these profits will cycle into ETH, but it remains unclear as to how long it might be before this takes place.

In the near-term, analysts do believe Ethereum is positioning to see further weakness as it continues underperforming Bitcoin.

One analyst is even noting that a break below the crucial support that it is currently hovering above could be all that is needed to send it reeling to below $170. This decline could come about in the next few days if buyers continue losing their strength.

Ethereum Has Yet to Enter a Downtrend Despite Recent Losses

At the time of writing, Ethereum is trading up roughly 2% at its current price of $225, marking a notable climb from recent lows of $220 that were set at the bottom of yesterday’s selloff.

This movement came about in tandem with that seen by Bitcoin. The benchmark crypto plunged to lows of $8,900 yesterday before finding some buying pressure that helped guide it back into its multi-week trading range.

Ethereum, however, has been trading below its range for the past several days and has not been able to break back into it despite the upwards momentum stemming from yesterday’s rebound.

This is an overtly bearish sign that demonstrates how ETH has been underperforming BTC over the past few days.

The crypto’s Renko chart is now indicating that it has still yet to enter a downtrend despite its recent losses.

A few key indicators on the chart also indicate that the next movement will be large and may favor bears. One analyst spoke about this in a recent tweet, saying:

“12h divergence on ETH. They don’t occur too often but have always been strong signals. A ‘play out’ of the divergence only happens on a cross of the Oscillator. So basically, we’ve not begun the downmove yet.”

Ethereum

Image Courtesy of Crypto Michael. Chart via TradingView

Why ETH Could Soon Nosedive to $168

Another analyst echoed this bearish sentiment, explaining that although the crypto is holding above its key support, it could still see some notable downside if buyers fail to continue defending it.

He contends that it will target $250 if this support holds, and $168 if it falters.

“Ethereum: Still on the road and at support. Previous OB and Resistance being tested as support and currently holding. Holding = new test of $250 and likely breakout towards $290 / $330. Losing = test around $168-173.”

Image Courtesy of Crypto Michael. Chart via TradingView
Featured image from Shutterstock.

Charts from TradingView.
Tweet123Share207ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ethereum-stablecoins-pepenode-maxidoge

Ethereum chute, mais la market cap des stablecoins explose : vers un redéploiement de capital ?

Septembre 2025. Ethereum recule violemment, presque 9 % envolés en quelques séances. Les liquidations à effet de levier ont nettoyé...

guillaumev 1 day ago
Ethereum Price Faces Tough Road

Global M2 Money Supply Says Ethereum Price Will Reach $20,000, Here’s When

The Global M2 Money Supply has been on the rise over the last year, reaching new peaks in the process....

Scott Matherson 1 day ago
Ethereum, ETH, Crypto

Analyst Says Ethereum Bounce Is Imminent As BitMine Continues To Accumulate

After losing the $4,450-$4,500 area during the recent market downturn, Ethereum (ETH) is attempting to hold a crucial level as...

Rubmar Garcia 1 day ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Faces Resistance Wall

Ethereum Faces Resistance Wall – Could Market Be Preparing for Another Decline?

Aayush Jindal 15 hours ago
Ethereum

Wedge Breakout Or False Alarm? Ethereum Faces Its Biggest Support Test Yet

Godspower Owie 23 hours ago
Ethereum

Analyst Predicts Ethereum Price Will Reach $33,000 As ETH Founder Forecasts ‘Google Moment’

Scott Matherson 1 day ago

Premium Sponsors

Press Releases

  • Akcje skarbowe krypto w spadku, podczas gdy traderzy zwracają się ku bezpieczniejszym przedsprzedażom kryptowalut, takim jak PEPENODE

    Akcje skarbowe krypto w spadku, podczas gdy traderzy...

    1 hour ago
  • Binanceův Aster roste o 1800 % za týden navzdory pádu trhu: Je Bitcoin Hyper dalším na řadě?

    Binanceův Aster roste o 1800 % za týden navzdory pádu...

    2 hours ago
  • Binanceov Aster raste 1800% u tjedan dana unatoč padu tržišta: Je li Bitcoin Hyper sljedeći?

    Binanceov Aster raste 1800% u tjedan dana unatoč padu...

    2 hours ago
  • Krypto pokladni akcie padají, obchodníci se obracejí k bezpečnějším presaleům jako PEPENODE

    Krypto pokladni akcie padají, obchodníci se obracejí k...

    2 hours ago
  • Krypto pokladni akcie padají, obchodníci se obracejí k bezpečnějším presaleům jako PEPENODE

    Kripto trezorske dionice u padu dok se trgovci okreću...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.