Support levels could be critical for Ethereum (ETH): Outlook is shaping up in a bearish market

• As the cryptocurrency market begins the new week, bearish trends prevail, signaling potential challenges for the major digital asset.

• Recent data shows that many leading cryptocurrencies have experienced significant price declines. Investors assess market dynamics and sentiment.

• According to a COINOTAG report, “the presence of bears controlling the market indicates that strong support levels are needed to prevent further declines.”

This week, the cryptocurrency market entered a downtrend, affecting major assets such as ETH, SOL, BNB and ADA, with investors eyeing critical support levels.

Ethereum (ETH) is facing critical support challenges

Ethereum (ETH), son of 24 hours %1.25 has fallen and this is causing concern among investors. Property price 3351 dollars It is trading at a level and technical analysts are closely watching the daily chart for possible breakouts.

If the downtrend continues and the price falls to an established support level 3304 dollarsIf he gets close 3200 dollars The possibility of a fracture that will stress the region may increase; There may be additional selling pressure here.

The fall of Solana (SOL) reveals market weaknesses

Solana (SOL) is performing poorly compared to Ethereum and is currently down a significant 2.76%. $189.95 is traded at the level. SOL price, $175.26 support and $201.98 It fluctuates within a channel limited by resistance.

If there is no recovery in trading and the daily candle closes close to the current prices, this 180 dollars may lead to further examination of the level of support; This indicates the fragile nature of the current market environment.

Binance Coin (BNB) is approaching a critical support level

Binance Coin (BNB) can’t escape the bearish effects of the market and saw a decline of 2.12% yesterday. cryptocurrency, 691.3 dollars is traded at the level $682.68 It is moving towards a support level.

If this support level is broken, the price will soon fall 670 dollars It can test its proximity and traders will act according to market sentiment.

Cardano (ADA) is suffering significant losses

Cardano (ADA) stands out as one of the most affected assets and has seen notable success %5.26 currently in decline $0.8512 is traded at . This decline pushes ADA to a critical support level. 0.8507 dollarsIt fell below , signaling a possible pullback.

Analysts say that if the downward pressure continues, the price $0.80 He predicts that it could land in his region as a possible scenario; This will mark an important turning point in investor sentiment.

Future expectations and mood of investors

Overall market sentiment remains cautious; investors adjust to prevailing bearish conditions. With many digital assets flirting with critical support levels, the next few trading sessions will be crucial in determining whether a recovery is possible or further declines continue.

Conclusion

In short, the cryptocurrency market starts this week under a strong bearish influence, which requires traders to be cautious. Major cryptocurrencies such as Ethereum, Solana, Binance Coin and Cardano are struggling with critical support levels that could determine their price direction in the coming days. It is important for investors to carefully monitor these developments as it can significantly affect their trading strategies.