Ethereum has also followed this downward trend, falling back under its support at $3,400. XRP’s case has been similar, with the cryptocurrency slipping back below $2.3.
The technical deterioration across these leading assets is relaying a more cautious stance among traders, many of whom now see the market’s structure as vulnerable to further downside.
Although there are still bullish stories, ranging from pro-crypto policy direction under the Trump administration to tokenization efforts by traditional financial institutions, the inflow of fresh capital has slowed down.
