Market braces for decisive move as both BTC and ETH test major technical zones
Bitcoin is testing a critical support level near $100,000, while Ethereum has also reached a crucial demand zone around $3,400, according to new technical readings. The latest market data suggests a potential inflection point that could define the next major move in crypto markets as investors react to heightened volatility and macro uncertainty.
At press time, Bitcoin (BTC/USDT) traded near $100,990, down over 5% in the past 24 hours. The recent decline has pushed BTC to retest the October lows, as seen in the daily chart, where the price remains confined within a descending channel. The lower boundary around $100K now acts as the last major defense zone before the next structural support near $97,000–$98,000.
“The $100K handle has become both a psychological and technical barrier,” said BitXJournal market analyst. “A decisive daily close below this level could open the door for a deeper correction, but as long as buyers defend it, we might see a rebound toward $106K and eventually $112K.”
Volume data also shows increased accumulation around the lower trendline, hinting that institutional buyers may be positioning for a potential bounce. If Bitcoin holds above $100K, a short-term recovery could retest the upper channel resistance near $110K.
Ethereum (ETH/USD) paints a similar technical picture. The second-largest crypto asset by market capitalization is consolidating above $3,380, sitting atop a major horizontal support zone highlighted on the chart. Historically, this area has acted as a strong demand base that triggered upward reversals in past corrections.
“Ethereum’s resilience above $3,300 is encouraging,” . “However, losing this zone could send ETH back toward the $2,800 region before buyers step in again.”
Despite the near-term weakness, market participants remain cautiously optimistic. Analysts note that both BTC and ETH remain in broader uptrends on higher timeframes, with the current pullback viewed as part of a healthy market reset following months of bullish momentum.
As long as Bitcoin holds its footing at $100K and Ethereum maintains support above $3,300, bulls still have a chance to reclaim control before year-end.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.