Ethereum price recently slipped below $1,950 and then rebounded from support near $1,905, with the recovery capped under $1,980. ETH is now moving below the 100-hourly Simple Moving Average and facing resistance around $1,985 and the $2,000 level. A break above $2,000 could open the way toward $2,050, while failure to clear $1,985 may trigger another drop toward $1,880 or even $1,840.

XRP, Shiba Inu and Dogecoin are showing signs of weakness after recent attempts at recovery. XRP is in a cooling phase amid an 85% collapse in trading activity from its sell-off peak, while DOGE hovers just below $0.10 and SHIB remains trapped in a bearish structure. Overall price action points to consolidation and limited upside potential for these assets in the near term.

Bitcoin developer Matt Carallo told the Unchained podcast on Thursday that quantum-computing fears are not behind Bitcoin's latest slide, arguing Ether would be outperforming if they were. He noted Ether is down 58% since early October and around $1,957, while Bitcoin has fallen 46% from its October high of $126,100 to about $67,162.

Bitcoin slipped to a $65,650 low and is holding beneath $67,500 and the 100‑hour simple moving average. A push above the $67,400–$68,000 resistance zone could open $68,800 and $69,500, while failure risks revisiting $66,000, $65,650 and potentially $65,050–$64,500. Hourly MACD is losing bearish momentum as RSI stays above 50.

Ethereum slipped firmly below $2,100, shifting short-term momentum to the downside. The $2,300–$2,100 daily band has turned into resistance after failed reclaim attempts, with $1,700–$1,500 highlighted as the next support area. A higher timeframe fractal points to potential upside if price compresses and then breaks above the current range.

Bitcoin’s price is stabilizing, but on-chain data shows a 42% slide in active addresses and a 47% fall in new address creation since the 2021 cycle peak. Recent analysis also indicates about $27.89 billion in unrealized losses, a 23% value drawdown, with ETF and self-custody holders under pressure around key support levels near $58,700 and $54,700.

Bitcoin fell to a low of $60,000 after flashing a sell signal near $95,000, and was trading at $66,988 with a 1.75% daily loss and a 46% drawdown from its $126,000 peak. Key on-chain and market metrics, including a Sharpe Ratio of -38, an all-time high Stock to Flow Ratio rising from 127 to 261, and the MVRV Z Score dropping to $0.445, suggest a possible cycle bottom even as price consolidates between $65,000 and $70,000. Despite extreme bearish sentiment and weak market structure, heightened scarcity and historical patterns could set the stage for a future recovery if selling pressure eases.

Bitcoin has repeatedly failed to close above $70,000 and remained capped below that level, trading around $66,980 at the time of writing. According to analyst Sherlock, a rebound into $72,000 to $76,000 could be a bull trap, citing Strategy's 714,644 BTC at a $76,052 average cost and additional supply risks from spot ETF positioning.