Bitcoin traders turn cautious as BTC trades near a critical support level, but outright panic is absent in derivatives markets.
Data shows the market still favors ETH even after Bitcoin’s sharp sell-off to $115,000.
XRP price fell by 10% as whales sold and wider market liquidations spread to the altcoin.
Ether’s bullish outlook strengthens as Bitcoin dominance falls below 60%, its lowest since February.
Bitcoin’s drop below $115,000 saw significant liquidations of late longs, but BTC’s bullish scenario remained intact, according to analysts and onchain metrics.
XRP price is down today due to overheated conditions, but analysts say it’s a normal market pullback that could precede a stronger rebound in the short term.
ADA bounces off $0.75 support as bulls eye a rally toward $1, but resistance at $0.94 could pose a challenge for the next leg higher.
Ether price has more room to run, with big overhead resistance at $4,500 in place and several key support levels below.
Bitcoin may face a short-term dip as a bearish divergence, CME gap, and a high IBCI reading point to downside below $115,000.
XRP vastly outperformed ETH over the past year, but institutional investor demand for Ether could change the trend.