Bitcoin and Ethereum face critical support tests as bearish trends deepen

Bitcoin and other major cryptocurrencies are showing signs of weakness as bearish pressure builds. Recent price movements suggest a potential downturn, with key support levels under threat across several digital assets. Traders are now watching closely for further declines in the coming days. Bitcoin has struggled to maintain its footing after falling below critical moving averages. The cryptocurrency is now trading under its 20-, 50-, and 100-day averages on the daily chart. The 50-day moving average has also begun to flatten, a development that typically signals weakening bullish momentum.

A break below the $70,000–$72,000 support zone could push Bitcoin toward the mid-$60,000 range. Recent daily candles further highlight a loss of upward strength, reinforcing concerns about a deeper correction.

Ethereum has also weakened, slipping below multiple moving averages. The second-largest cryptocurrency recently broke through a descending resistance line, increasing the risk of a drop toward the upper-$1,800 region if it fails to hold above $2,000.

Meanwhile, XRP is hovering just above a crucial horizontal support level near $1.30. A breakdown here could trigger further losses for the token.

Zcash, despite a sharp pullback from recent highs, remains above all major moving averages. While the cryptocurrency has entered a cooling phase, its broader trend stays bullish for now. The cryptocurrency market is facing growing downward pressure, with Bitcoin and Ethereum at risk of further declines if key levels fail to hold. XRP’s position remains fragile, while Zcash maintains a stronger outlook despite recent volatility. Traders are bracing for potential shifts as these trends develop.