Shiba Inu Price Holds Key Support as Bearish Pressure Persists Bitget
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XRP continues to show signs of weakness as bearish pressure steadily builds beneath the surface. Despite brief relief bounces, the lack of strong follow-through highlights a market still firmly under seller control. With key resistance holding and downside structure intact, momentum appears to be shifting toward a deeper move, bringing the $0.87 support level increasingly into focus.
XRP Struggles To Find Strength As Bearish Pressure Builds
Crypto analyst CasiTrades recently revealed that XRP’s price action remains notably weak, signaling that a significant move to the downside is getting closer. There is a firm expectation that XRP will eventually move lower to reach established support levels. The prevailing sentiment is one of caution as the market prepares for a potential breakdown.
While the descent is taking its time, a process described as incredibly frustrating for those watching the charts, the trajectory remains pointed downward. This slow grind lower suggests that the final target hasn’t been met yet, even if the pace of the move has been sluggish.
A defining characteristic of the current market is the extreme weakness seen in every attempted bounce. Relief moves are consistently being cut short around the .382 Fibonacci retracement level, a clear technical indicator that sellers remain firmly in control.
CasiTrades highlighted that selling momentum picked up again within a 1-hour period on Monday. This sudden increase in activity suggests that the market will likely not stay slow for much longer. As the bears reassert their influence, the stage is set for a more volatile push toward the lower support zones mentioned in the analysis.
$1.31 Emerges As Key Resistance Barrier
According to CasiTrades, XRP is currently attempting to stabilize around the $1.31 level, but this zone is viewed as a key resistance area, specifically the Wave 4 extreme within the broader structure. The ongoing hesitation and lack of strong follow-through at this level come as no surprise, as price typically struggles when testing important resistance after a corrective move. Furthermore, the analyst emphasizes that once this level breaks, the downside could accelerate rapidly.
CasiTrades continues to track a developing Wave 3 move to the downside, with a primary target around $1.09 and possible subwave extensions reaching as low as $1.06. After that, a temporary Wave 4 relief bounce is expected to take place, with the price potentially retracing back into the $1.22 to $1.31 range before facing renewed resistance.
From there, the broader trend is projected to continue lower toward the $0.87 macro support zone. While the move has been slower than anticipated, the overall structure remains intact, with price gradually aligning with the bearish outlook.
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As bearish pressure returns to the cryptocurrency market, the price of Ethereum has lost the $2,000 level. Despite the fact that volatility still lingers, conviction is building among investors again, as indicated by the steady inflows of capital into ETH accumulation wallet addresses.
A Steady Stream Of Ethereum Flows
Ethereum’s price may be struggling with ongoing volatility, causing it to revisit a key support level, but the activity of investors is painting a different story. A recent report indicates a persistent bullish sentiment and activity among ETH investors, who appear to be buying more of the leading altcoin.
This interesting report from CW, an investor and crypto analyst, reflects a steady flow of ETH into accumulation addresses even as broader market volatility fails to die down. Traders are currently on edge because of price fluctuations and market uncertainty, but the chart shows that deliberate players are gradually growing their exposure to the altcoin.
CW highlighted that the inflow of ETH into accumulation wallet addresses has continued for the past few months, as seen on the chart. Such a trend indicates that strategic investors are showing strong conviction in a turbulent environment and continued waning price action.
It is worth noting that the full-scale accumulation of ETH by large holders or whales started in May 2025. During the period, the expert noted that the price of Ethereum was trading at around the $2,500 level. Meanwhile, the current price is positioned at $2,000, but these investors are still stacking the altcoin.
Furthermore, whales find the position much more alluring because this is less than the original accumulation price of $2,500. Even with the drop in price, the accumulation of ETH still lingers. In the past, persistent ETH migration into accumulation wallets during turbulent times has frequently indicated a change in positioning from speculative to long-term.
Hedge Funds Turn Bearish On ETH And BTC
The market is highly volatile, and Ethereum and Bitcoin are quietly battling with newfound pressure. This fresh pressure is coming from Hedge Funds, who appear to be significantly stacking up on short positions in both assets across major derivatives markets.
CW took to the X platform to report that these players have been opening short positions in BTC and ETH between February 16 and 20, which signals that sophisticated investors are bracing for further downside or hedging against broader market risk. According to the investor, the cohort is the main factor dragging the market toward the downside direction.
Last week, these investors held more short positions, but this week has seen further declines. While the data is one week apart, this week’s data will be entering the market next week. As a result, the shifts in their holdings in the data that will be published to the public the following week are crucial. Rising short interest more immediately indicates a defensive posture from institutional participants, and it can also occasionally precede strong squeezes if sentiment changes.
Featured image from Pxfuel, chart from Tradingview.com
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With shifting narratives and waning ETF flows, the Ethereum price remains under heightened bearish pressure, keeping it just slightly below the $2,000 level. While price has declined sharply, Bitmine Immersion does not seem to be swayed by the pullback as the company makes another big strategic bet on the leading altcoin.
Bitmine Doubles Down On Ethereum With A $91 Million Investment
Institutional sentiment and interest in Ethereum are starting to show signs of renewed strength, with the recent large purchases of the altcoin. At the heart of this underlying strength is Bitmine Immersion, a leading ETH treasury company, following its most recent significant ETH buy.
Amid this renewed bullish sentiment, a post published on the X platform by Milk Road, a macro expert and investor, shows that Bitmine is doubling down on its long-term future by acquiring another stack of ETH worth over $91 million. Even as market volatility continues to intensify, the treasury firm is still scooping up the altcoin at a massive rate, suggesting a strategic approach.
Milk Road highlighted that the purchase was made despite the firm sitting on $8 billion in unrealized losses. The broader sentiment may still be fragile, but Bitmine continues to choose accumulation over caution as indicated by its steady purchase last week, ramping up 45,759 ETH at roughly $1,989 per token within the period.
Following its latest ETH purchase, Bitmine Immersion’s crypto holdings now boast a total of 4.37 million ETH. Interestingly, this figure represents approximately 3.6% of Ethereum’s entire circulating supply controlled by a single entity.
Considering ETH’s current price, the value of this massive stash is averaging down. Currently, the firm’s blended cost basis is sitting at the $3,821 level, which implies that a 90%+ bounce from the recent price levels is required to break even and flip the firm back into profit.
ETH Staking Now The Primary Means Of Generating Yield
In the meantime, their strategy remains on generating yield from their ETH staking while they wait, transforming a position that is now weak into useful capital. Over 3.04 million of their ETH is locked away in staking, which is the major long-term unlock.
Bitmine’s crypto holdings are not just made up of Ethereum. They also hold Bitcoin, $670 million in cash, and stakes in the Beast Industries run by the biggest and most popular YouTuber, Mr. Beast; a move that could see ETH get integrated into his new financial app.
Ethereum investors, especially retail holders, now have a publicly traded company with major skin in the game advocating for the altcoin’s success, and stress-testing whether Strategy’s MSTR model translates to ETH. With a single firm essentially locking up 3.6% of the supply with no plans to sell, this is known as a structural supply reduction that could play a role in shaping the market outlook.
At the time of writing, the price of ETH was trading at $1,998, demonstrating a nearly 2% rise over the past day. Within the same period, its trading volume has increased by more than 7%, according to CoinMarketCap’s data.
Featured image from Pixabay, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.
Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.
At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.
In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
Gold, Silver Fall Alongside Bitcoin, Ethereum, Dogecoin As ‘Extreme Fear’ Persists: Analyst Sees BTC’s ‘Slow Bleed’ To This Level Before Rebound Benzinga
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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.
Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.
At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.
In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.