Have you ever wondered how fast the crypto market can shift gears? In just a matter of days, a wave of selling pressure sent shockwaves across the market, leading to a sharp Bitcoin price fall below the $100K mark and Ethereum’s price crash toward the $3K zone. Traders are now asking—has the bull cycle stalled, or is this just a deep correction before the next leg up?
At the time of writing, Bitcoin (BTC) is trading at $101,903.91, reflecting a 2.30% drop in a day and nearly a 10% weekly decline—its steepest in recent memory. The total market capitalization currently stands at $2.03 trillion, reflecting investor caution after weeks of steady gains.
Source: CoinMarketCap
BTC has fallen twice in the last 24 hours near the $100K level, reaching lows around $99,008. Double retests like this often mean heavy profit-taking, particularly after Bitcoin's strong rally to highs around $124,000. Analysts Ali Martinez see this region—from $101,000 to $100,200—as a key support area that has driven bounces in the past.
Source: X
If buyers can defend this psychological barrier, then Bitcoin price prediction models indicate a short-term rebound towards $106,500, the first resistance zone. If the momentum continues, BTC might also make its way to $112,000, representing close to a 10% upside from the current levels. Failure to hold above $100K may invite further downside towards $96,500, where deeper support lies.
While Bitcoin struggles for support, Ethereum is at war. The world's second-biggest crypto changes hands for $3,336.06, down 17% on the week and 5% on the day, with a market cap of $402.31 billion. In the last week, ETH has been testing the $3,000 level at least twice, raising fears it will eventually break if bearish momentum continues.
Source: CoinMarketCap
ETH's failure to retake the $3,800 resistance indicates weakening buyer momentum. If the price continues to come under pressure, other significant supports come in at $2,400 and $1,700—levels that have seen ETH consolidate in the past, as per Ali’s analysis. A retreat to $2,400 represents another 28% decline, while a drop to $1,700 may result in a 49% slump from current levels.
Source: X
However, if the bulls can successfully defend the $3,000 zone and push ETH above $3,800, a short-term rebound toward $4,200–$4,500 still looks possible. This will give fresh confidence to the markets once more and also re-ignite the altcoin rally.
The Bitcoin price crash and Ethereum price fall have sent retail traders into panic mode but are presenting entry points that institutional buyers are looking for. Historically, such sharp corrections have been followed by strong rebounds whenever the main support zones hold firm. As global crypto capitalization tumbles 2.09%, investor sentiment has gone on the defensive, but volatility could present lucrative trading setups.
The recent Bitcoin price fall and Ethereum price crash merely underlined the crypto market's inherent volatility. Although BTC is hovering above its key $100K support and ETH is fighting the $3K barrier, both assets are within their long-term structures. If key supports are held, a possible technical rebound to $106,500–$112,000 for Bitcoin and $4,200–$4,500 for Ethereum might be seen, which will make this dip an opportunity, not a disaster.
Disclaimer: This article is for informational purposes only, not to be considered as financial advice. Do your own research before investing.
Deepmala Upadhyay is an experienced crypto journalist, content strategist, and News writer with over 5 years of expertise in writing and the crypto industry. Holding a Bachelor's Degree in Computer Science and a deep understanding of blockchain technology and financial markets, she excels in delivering exclusive news, in-depth research blogs, and expertly crafted on-page SEO content. As a team lead and content writer at CoinGabbar, Deepmala is responsible for analyzing blockchain technologies, cryptocurrency, price movements, and the crypto market with precision and insight. Her keen ability to create well-researched, impactful content, combined with her expertise in market analysis, makes her a trusted voice in the crypto space.