Bitcoin’s price has been stuck in a range, with its last trade above $90,000 occurring on March 7. By the end of the previous year, Bitcoin had surpassed the $100,000 mark, but this milestone was short-lived as the price quickly fell. Since then, Bitcoin has been on a downward trend, even dipping below $80,000.
Adding to the market’s struggles, President Trump’s tariff announcement put additional pressure on the crypto space, causing most cryptocurrencies to suffer alongside Bitcoin.
According toCryptoQuant CEO Ki Young Ju, Bitcoin bull market appears to be over, based on on-chain data analysis. The key metric is Realized Cap, which measures the actual capital entering the market by tracking when BTC is bought (entered a wallet) and sold (left a wallet).
“But when sell pressure is high, even large purchases fail to move the price. There are simply too many sellers. For example, when Bitcoin was trading near $100K, the market saw massive volumes, but the price barely moved,” he explained.
When the Realized Cap grows but the Market Cap (based on the latest trading price) stays flat or drops, it signals that money is flowing in, but prices aren’t responding—this is a bearish sign. Right now, that’s exactly what’s happening.
In contrast, if small amounts of new capital push prices up, it’s a bullish market. But currently, even large amounts of capital aren’t enough to move Bitcoin’s price, indicating a bear market. Historically, real market reversals take at least six months, so a quick recovery is unlikely.
“In short: when small capital drives prices up, it’s a bull market. When even large capital can’t push prices upward, it’s a bear. Current data clearly points to the latter. Sell pressure could ease anytime, but historically, real reversals take at least six months—so a short-term rally seems unlikely,” he concluded.
Ethereum price plunged below $1,600 over the weekend as BTC’s slide ignited sharp liquidations across major altcoins, including ETH.
Ethereum (ETH) dips below $1,700 as BTC Weakness Spreads to Atcoin Markets
Ethereum (ETH) sharply turned bearish over the weekend as bearish headwins from the US trade war extended towards the crypto sector.
On Sunday April 6, ETH price dropped to a 3-week low near $1,650 on Sunday, April 6, tracking Bitcoin’s rapid decline below the psychologically critical $80,000 mark.
Bitcoin weekend slump triggered panic across altcoin markets, and Ethereum was no exception—recording a sharp 11.24% drop within 24 hours.
Ethereum (ETH) Price Action, April 6 | Source: CoinMarketCap
According to data from CoinMarketCap, the 11% downtrend representing its lowest intraday print since mid-March.
The move erased nearly all of last week’s gains, which had come after Ethereum briefly climbed above $1,770 during Thursday’s risk-off rally sparked by China’s reciprocal tariffs.
The initial ETH bullish momentum, however, has unraveled as BTC bulls failed to sustain upside pressure into the weekend, leading to cascading losses across the broader crypto ecosystem.
Ethereum Liquidation Map Shows ETH Bulls Have $79M Lifeline at $1,554
Coinglass liquidation data paints a grim but actionable picture for ETH traders. Over the past 24 hours, Ethereum has seen more than $164.7 million in long liquidations—second only to Bitcoin, which accounted for $203.7 million.
The bulk of these liquidations occurred during Sunday’s swift plunge, suggesting bulls were heavily leveraged during BTC’s decline.
The Ethereum liquidation heatmap from Coinglass highlights a significant support concentration around the $1,550–$1,570 region. Specifically, over $76.2 million in leveraged long interest is stacked at the $1,554 level.
This zone now acts as a key inflection point: if ETH price defends this level, it could serve as a springboard for recovery as bargain buyers step in. However, if that support crumbles, a steeper correction toward $1,480 or even $1,420 could play out, as there are few notable liquidity cushions below that range.
With Bitcoin still struggling below $80,000, Ethereum’s near-term prospects remain fragile. Until BTC reclaims lost ground and market confidence stabilizes, ETH bulls face the dual threat of weak price action and thinning order book support.
For now, all eyes remain on the $1,554 liquidation cluster. A strong defense of this level, combined with increased market volumes could prevent further losses. Otherwise, Ethereum’s next leg may head deeper into the low-$1,500s, as bears tighten their grip heading into the new trading week.
Ethereum Price Forecast: ETH Risks $1,480 as RSI Hits Oversold and Price Breaks Below $1,655 VWAP
Ethereum price forecast signals lean negative, having plunged 11.73% to $1,594—its largest single-day loss in over a month. This decline was fueled by Bitcoin’s collapse below $80,000, triggering cross-market liquidations that erased recent gains across the altcoin complex.
Ethereum’s rejection near $1,800 and breakdown through $1,655—the VWAP level—confirms renewed downside momentum, with ETH now trading decisively below its 8-EMA and 21-EMA.
Ethereum Price Forecast
The Ethereum price forecast now leans cautiously bearish as technical indicators deteriorate.
The daily RSI prints 28.59, confirming oversold territory for the first time since early March. While this suggests a short-term bounce could develop, it also reflects capitulation from bulls, especially as the broader trend structure continues to weaken.
Price action is now below the 50-day SMA at $1,787 and far under the 200-day SMA at $1,894—both critical resistance levels that previously provided directional bias for long setups.
A bullish defense at $1,555 could stabilise sentiment, but failure to hold that lifeline increases the likelihood of testing $1,480, a key liquidity pocket. Unless Bitcoin reclaims $80K soon, Ethereum may remain vulnerable to further weakness. Near-term recovery will depend on buyers reclaiming $1,655 and sustaining momentum above the short-term EMAs.
While investors scan the horizon for an official announcement from World Liberty Financial (WLFI) over its USD1 stablecoin, on-chain data indicates significant activity. The USD1 stablecoin has recorded a daily trading volume of nearly $44 million following a soft listing on BSC and Ethereum.
USD1 Stablecoin Records $44 Million In Daily Trading Volume
According to data from Coingecko, USD1 stablecoin has recorded frenetic activity levels over the last 24 hours. Data from the crypto data aggregator, USD1 stablecoin has garnered a daily trading volume of $44.8 million over the last day.
The surge in daily transaction activity comes in the absence of an official exchange listing announcement of USD1 stablecoin. However, USD1 tokens are raking up impressive numbers following the soft launch on decentralized exchanges like PancakeSwap V3 on BSC. On-chain data reveals that the most active trading pair on PancakeSwap V3 is the USD1/WBNB with volumes of nearly $22 million.
Despite the 43,714% spike in daily transaction activity, total supply sits at just over the $7 million mark. WLFI cofounder ZachWitkoff reposted a tweet alluding to the soft launch of the USD1 stablecoin on Ethereum and BNB Chain.
“The stablecoin USD1, created by the WLFI ecosystem, has recorded $45 million in volume within its first 24 hours live,” wrote the pseudonymous Notaz.Sol on X. “Now available on BNB Chain and Ethereum, the strong debut signals growing interest and demand for USD1.”
USD1’s daily trading volume spike follows an airdrop proposal for WLFI holders early in the week in an attempt to drive adoption metrics.
When Will WLFI Announce An Official Exchange Listing?
Weeks after WLFI percolated the ecosystem with the announcement of USD1, the stablecoin is yet to make its debut on centralized exchanges. The delay in listing continues to stump investors but recent on-chain transaction volume indicates a major listing announcement is imminent.
A previous listing date prediction for USD1 fell through but enthusiasm is still running high for community members. Since the April 1 prediction did not pan out, eyes are fixed for a listing announcement before the end of April.
However, pseudonymous crypto analyst xHuai.eth opines that the listing will likely coincide with the passing of a new stablecoin bill in the US. Flowing from the official announcement for the USD1 stablecoin, the technical aspect for the listing is covered with Ethereum and BNB Chain tapped for launch, hinting at a potential listing.
USD1 is racing against other industry firstmovers like USDC and USDT and an early listing will give it an edge to snag a slice of the market share.
