- The cryptocurrency market saw heavy volatility, causing major losses for long position traders.
- Bitcoin fell below $110,000, while Ethereum dropped to $3,955.
- Ethereum experienced a 23% decline from its all-time high reached four weeks ago.
- Some analysts forecast a possible price recovery for Ethereum, suggesting a potential rise to $4,500 by mid-October 2025 and to $6,650 by December 2025.
- Current market sentiment is bearish, and the Fear & Greed Index signals “fear,” with experts advising caution for new buyers.
Intense volatility hit the cryptocurrency market this week, resulting in a significant downturn for major digital assets. Both Bitcoin and Ethereum experienced sharp losses, as the liquidation of leveraged long positions affected market prices on a global scale.
Bitcoin fell below the $110,000 mark, while Ethereum dropped to $3,955, reaching lows not seen since August. According to data from the Kobeissi Letter, Ethereum has lost 23% of its value since hitting its highest level four weeks ago.
The Kobeissi Letter stated, “Ether extends its decline to -8% on the day and its hits lowest level since August 7th. Ether is now down -23% from its all time high seen just 4 weeks ago.” Technical analyst Javon Marks noted that despite the drop, Ethereum may be showing signs of a potential future rally. Marks commented, “$ETH (Ethereum) maintains a hidden bullish divergence with the MACD just under the key target level of $4,811.71. This indication continues to point towards a recovery back above that level, which then brings into play $8,500 and higher.”
Predictions from CoinCodex suggest a possible stabilization by October, with their analysis indicating an Ethereum price target of $4,415 by October 26, 2025. Their outlook states, “The price of Ethereum is predicted to rise by 11.61% and reach $4,415.93 by October 26, 2025. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 44 (fear).”
Longer-term forecasts show potential for Ethereum to hit $6,651 by December 2025. However, CoinCodex maintains its cautious tone, noting the current environment is not favorable for new purchases. The market experienced only 12 positive returns in the last 30 days, representing 40% of the trading days, with price volatility measured at 3.43% over the same period.
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