ethereum

The crypto market just took a heavy hit. Over the past 24 hours, forced liquidations surged to $1.23 billion—nearly double the previous day’s wipeout—dragging the total crypto market cap down 5.75% to $2.33 trillion.
According to Coinglass data, bullish traders bore the brunt of the sell-off, with long positions accounting for 82.7% ($1.02 billion) of the total flush. In total, 163,631 traders were liquidated (up from 112,947 the day before). While roughly $1 billion of the damage happened in the first 12 hours, liquidation pressure has started to cool down, dropping to $233.07 million over the past 12 hours and $41.01 million in the last four.
(Interestingly, despite longs taking the beating, the largest single liquidation order was actually a $17.81 million $ETH short on Binance, closed at $1,979.21.)
Bitcoin ($BTC ) Tests a Critical Weekly Level
Bitcoin accounted for more than half of the market wipeout with $637.24 million in liquidations—and a massive 90.8% of those were long bets.
Currently trading around **\(67,623** (down 3.70\% in 24 hours),\)BTC has slipped just below its 200-week Simple Moving Average (SMA) at $67,922. This is the exact same level that caught Bitcoin’s drop back in July and sparked its August rally. All eyes are now on Sunday’s weekly close.
Key $BTC Levels to Watch:
• Immediate Support ($66,000 – $67,000): A strong historical zone that previously acted as tough resistance between June and August.
• Major Demand Zone ($62,300): Buyers stepped in to defend this level twice earlier this year (late February and pre-August breakout). If this breaks, we could see a sweep toward $58,000.
• Upside Resistance ($75,000): The first major hurdle bulls need to reclaim if $BTC bounces.
Ethereum ($ETH ) Loses Key Support
Ethereum saw $256.52 million in liquidations over the last 24 hours, with 76.3% coming from long positions.
Trading down 3.37% at **\(1,903.78**,\)ETH has slipped below a key Fibonacci support level at $1,920.51. If sellers keep control, the next major support zone sits down at $1,832.78.
What’s Next for the Market?
Bullish traders have absorbed the majority of liquidations for two straight days, leaving long positions heavily exposed heading into a crucial stretch of macro and institutional events:
1. Sunday’s Weekly Close: Will $BTC reclaim the $67,922 200-week SMA before the weekly candle closes?
2. November 30 (MSCI Index Drop): MSCI is set to remove Strategy—the largest corporate Bitcoin holder—from its benchmark indexes, which could trigger passive outflows.
3. December 9 (FOMC Meeting): The Federal Reserve’s upcoming interest rate decision will set the tone for risk assets heading into year-end.
What’s your game plan right now? Are you buying this dip at the 200-week moving average, or waiting for Sunday’s close before making a move? Drop your thoughts below! 👇
#Ethereum #CryptoNews #MarketUpdate #BTC #ETH

The latest Binance spot data shows Ethereum trading near $1,908.87, BNB near $617.53, and XRP near $0.9908. All three assets are under visible short term pressure, but the deeper story is not simply that prices are falling. The market is testing conviction, liquidity, and the ability of each ecosystem to attract demand when sentiment is fragile.

Ethereum is down 2.46% over the latest 24 hour spot session, moving below its 7 day, 25 day, and 99 day moving averages. ETH has also declined 14.73% over seven days and 21.17% over 30 days. The daily RSI reading is 13.27, which signals an oversold condition. That does not guarantee an immediate recovery, but it does show how aggressive the recent selling has been. ETH remains the central settlement layer for a large part of decentralized finance, stablecoin activity, tokenization, and onchain development. For traders, the key question is whether fresh demand can return as selling pressure cools. The MACD remains bearish and the SuperTrend is still pointing down, so the market needs stronger confirmation before any shift in momentum can be treated as durable.

BNB is trading around $617.53 and is down 3.54% during the latest 24 hour spot session. Its seven day decline stands at 10.98%, while the 30 day move is down 15.47%. BNB’s daily RSI is 12.53, placing it in oversold territory as well. The asset is currently below its major moving averages, while the MACD and SuperTrend continue to reflect bearish momentum. Even so, BNB’s relevance is tied to activity across the BNB Chain ecosystem and Binance product utility. This creates a different type of market profile compared with ETH. Its performance can be influenced by broader crypto sentiment, ecosystem participation, onchain demand, and platform related utility. The short term structure remains weak, but oversold conditions mean volatility can increase quickly if demand returns.

XRP is trading near $0.9908, down 2.74% over the latest 24 hour spot session. It has fallen 15.97% over seven days and 25.59% over 30 days, making it the weakest performer of the three across those measured periods. XRP’s daily RSI sits at 7.93, an extremely oversold reading that reflects a sharp imbalance between sellers and buyers. Yet oversold does not automatically mean a trend reversal. XRP remains below its 7 day, 25 day, and 99 day moving averages, with a bearish MACD structure and a downward SuperTrend. Its market identity remains closely connected to payments focused blockchain infrastructure and liquidity driven use cases. The next phase will depend on whether trading participation strengthens and whether sellers begin to lose control near current levels.

Across ETH, BNB, and XRP, the common theme is clear: the market is under pressure, capital flow is negative, and technical momentum remains bearish. ETH recorded daily capital outflow of 7.55%, BNB showed 5.15% outflow, and XRP showed 10.27% outflow. These figures suggest that caution remains active across major altcoins.

However, the current setup is also a reminder that markets often become most emotionally challenging when indicators are deeply oversold. A strong recovery would require improving volume, reduced selling pressure, and a return above important trend measures. Without those confirmations, volatility and downside risk can remain elevated.

Smart market participants focus on risk control, liquidity, volume behavior, and confirmation rather than emotion. In crypto, patience can be just as important as momentum.

#Ethereum #BNB #XRP #CryptoMarket #Altcoins
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