ChainCatcher news, according to on-chain analyst Ali, the current key support level for Ethereum is $2300, with 2.4 million addresses purchasing $52.6 million worth of Ethereum. If this demand zone is lost, it could lead to a sell-off as investors may seek to minimize their losses.

ChainCatcher news, on-chain analyst Ali posted on X stating that based on IntoTheBlock data, Ethereum's key support level is between $2290 and $2360, where 1.9 million addresses hold approximately 52.3 million ETH. If this demand zone is broken, selling pressure could push ETH down to $1800.

ChainCatcher news, according to Cointelegraph, cryptocurrency traders analyze that Ethereum's price has currently reached a critical support level and is at a tipping point. If it fails to hold, it may lead to a drop below $2800.Michael van de Poppe, founder of MN Trading, stated, "If this key level is lost, Bitcoin may test $60000, and Ethereum will test $2800 as the last major correction."Anonymous cryptocurrency trader Crypto Wealth believes, "The only other level the price might reach before a full reversal is around $2700."Anonymous cryptocurrency trader Poseidon added, "At this point, the price should sweep below the $2800 low and test weekly demand, with a fluctuation range around $2500-$2700."

ChainCatcher news, IntoTheBlock data shows that approximately 3.69 million addresses hold 1.24 million ETH, with an average holding price of around $3000, which marks an immediate and psychological support for Ethereum.However, it is relatively weak compared to the key support level of $2,700. Within this range, 11.11 million addresses hold up to 59.07 million ETH, with an average holding price of $2,647.

ChainCatcher news, according to The Block, CryptoQuant analysts stated that the Bitcoin price has fallen below the on-chain realized price of $65,800 for traders, which is a key support level for the bull market. As Bitcoin has broken through this critical price support level, it may indicate a pullback of 8%-12%, potentially leading the price down to $60,000.

ChainCatcher message, 0x Research released this week's market analysis report, key points are as follows:After two weeks of bearish sentiment, we turned bullish over the weekend, expecting Bitcoin to rise soon, as bearish pressure has been replaced by new bullish sentiment;The three reversal indicators it focuses on remain bullish and will continue to do so, with expectations that Bitcoin will start a strong rebound this week. Unless the market (Bitcoin) falls below $68,000, the bullish outlook will continue.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on social media, "The net inflow rate of Bitcoin spot ETFs is slowing down. If the Bitcoin price approaches key support levels, demand may rebound. The new whales are mainly ETF buyers, with an on-chain cost basis of $56,000. In a bull market, corrections typically lead to a maximum drawdown of about 30%, with the maximum pain point at $51,000."