Crypto markets showed signs of life this Wednesday after a rollercoaster week of sharp corrections and wild swings. With Bitcoin and Ethereum inching back from key support levels, traders are starting to eye fresh opportunities amid easing volatility. But is this the calm before the next big wave? Let’s dive into the numbers and charts to find out.
Market Developments
The crypto market has shown signs of stabilization on Wednesday after facing a sharp market-wide correction earlier in the week. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are consolidating near key support levels, with traders reassessing their next moves as volatility eases.
Bitcoin found support around the $99,353 level and is trading slightly above $101,000 with potential for a short-term rebound. Ethereum rebounded after retesting key support at $3,067 and could extend recovery toward $3,393. XRP is hovering around $2.22, with its key support at $2.07. Market sentiment shows decreasing selling momentum and some potential for short-term rebounds across major coins.
The Crypto Fear and Greed Index has decreased to 20 from 27.
Bitcoin Price Movement
Bitcoin’s current price is about $102,000, reflecting a 0.30% increase over the past 24 hours from $99,113. It holds a market cap of approximately $2.03 trillion and maintains a dominance of 61% in the crypto market.
Bitcoin’s 24-hour trading volume is around $60.47 billion. The price bounced back from retesting $99,023 support after a correction and currently trades near all-time highs, with an all-time high recorded at $126,110 last October 2025.
Bitcoin On-Chain Metrics (Last 24 hours)
| Metric | Value |
|---|---|
| Blocks Mined | ~149 |
| Average Block Time | ~10 minutes |
| Total Transactions | ~936,156 |
| Fees (BTC) | 3.05 BTC |
| Fees (USD Value) | $325,469.27 |
| Reward Per Block (BTC) | 3.125 BTC |
| Reward Per Block (USD) | $360,536.72 |
In the BTCUSD position, it was possible to close the Short position as soon as the price rebounded from the lows. However, since the bears have not disappeared yet, it is still advisable to keep the position open with a Take Profit order set at $102,420.
Ethereum Price Movement
Ethereum price is rebounding after a drop of around 0.73% yesterday. Current trading levels are slightly above the retested support at $3,067. Trading volume has seen an uptick reflecting a market recovery with ETH trading around $3,245–$4,500 on major exchanges. The RSI for ETH suggests easing selling momentum and a potential short-term rebound.
Ethereum On-Chain Metrics (Last 24 hours):
| Metric | Value |
|---|---|
| Total Value Locked (DeFi) | $83.75 billion |
| Stablecoins Market Cap | $132.3 billion |
| Chain Fees (USD) | $683,974 |
| Chain Revenue (USD) | $162,804 |
| Token Incentives (USD) | $10.24 million |
| App Fees (USD) | $16.31 million |
ETHUSD has just found support at the Fibonacci 0.382 retracement level, which was an opportune point to close positions when the price rebounded. However, we still expect larger profits in this Bearish market and have placed an intermediate Take Profit order at $3,357.
Best Performing Altcoin
The best performing altcoin in the last 24 hours is WeETH Wrapped eETH with a 38.34% gain, followed by „ASTER Aster” and „JELLYJELLY Jelly-My-Jelly” with gains of around 18.8% and 18.08% respectively. These performance spikes are attributed to increased trading activity and renewed market interest.
Price Predictions
- Bitcoin is expected to maintain support at around $100,353 and could recover toward $106,435 next resistance if the support holds. However, a drop below support could lead to a decline toward $97,460. Market analysis predicts a stabilizing Bitcoin market after recent volatility.
- Ethereum may rebound after its support at $3,071 holds and potentially climb towards $3,593 resistance. Predictions indicate a short-term recovery while flagging the possibility of further declines if the support fails to hold.
High Growth Potential Crypto Projects
- Bitcoin-related projects, Bitcoin itself remains the benchmark but projects like Layer 2 scaling solutions complementing Bitcoin may have growth potential.
- For Ethereum, decentralized finance (DeFi) with high Total Value Locked (TVL) projects around $83 billion and growing stablecoins dominance indicate ongoing growth opportunities.
- Among altcoins, „Nibiru,” an L1 blockchain project with a confirmed airdrop and competitive tech score higher than similar projects, is seen having strong growth potential in the DeFi space.
Conclusion
So, Bitcoin’s flirting with the $100K mark again and Ethereum’s holding strong like a determined crypto warrior. Altcoins had their moment to shine, too. Whether the market is just catching its breath or gearing up for the next sprint, one thing’s for sure — it never gets boring in crypto land. Keep your helmets on, traders!
Source: Coincentral.com, Tradingview.com, Coinranking.com, Coingecko.com, Coinmarketcap.com
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