Liquidation data shows the more immediate level to watch sits between $77,200 and $77,400, with additional liquidity below that near $76,100. A dip toward the $76,000-$77,000 range remains a plausible near-term scenario, according to the analysis, even as the broader multi-year trend remains on cards.
Ethereum: Still Structurally Bullish Despite the Dip
Near-term, Ethereum faces resistance around $2,520 to $2,530, a level that has rejected price multiple times in recent weeks. The analyst said that repeated tests of resistance without a sharp rejection tend to weaken that resistance over time, increasing the odds of an eventual breakout, though a potential bearish divergence remains a risk if Ethereum’s RSI fails to clear its prior high during any breakout attempt.
$XRP: Holding Key Support Amid Sideways Action
$XRP continues to hold a critical support zone between $1.30 and $1.40 on the weekly chart, with the token trading sideways in the shorter term. Immediate support sits near $1.34 to $1.35, with resistance at $1.46 to $1.47. Because Bitcoin dominance has pulled back slightly, altcoins including $XRP may hold up better than Bitcoin during this cooling-off period rather than falling in lockstep.
Treasury Buybacks Add a Macro Layer
Away from the charts, the US Treasury bought back $12.5 billion in short-term debt today and is expected to repurchase up to $6 billion in long-term bonds tomorrow, triple the usual size. The moves are aimed at managing bond market liquidity and containing yields, a dynamic that continues to factor into broader risk asset sentiment alongside crypto’s technical setup.
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