Day: October 13, 2025

Ethereum is recovering slightly after a massive drop that took the price below $4,000. The broader market remains cautious as traders reassess their positions following recent volatility, which could lead to a reversal of the bullish trend. Technical Analysis By Shayan The Daily Chart On the daily timeframe, ETH recently broke below the midline of its ascending channel, the 100-day moving average, and touched the 0.5 Fibonacci retracement level near $3,400-$3,500. This zone coincides with the previous structure support, triggering a bounce toward $3,800. However, the RSI is still below…

The actual numbers could be even worse, though. The CEO of the popular crypto exchanges wants answers from regulators to what happened on Friday evening and Saturday morning. Recall the events that transpired at the end of the business week after US President Donald Trump imposed a new set of tariffs on China. Bitcoin and essentially all altcoins crashed by double-digits, which led to over 1.6 million traders getting wrecked in the span of less than 24 hours. In what became a record-setting liquidation event, more than $19 billion…