Cryptocurrencies are down on Wednesday morning, with the crypto Fear & Greed Index falling to 55, slipping into the Neutral zone.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $122,992.60 |
| Ethereum | (CRYPTO: ETH) | $4,502.99 |
| Solana | (CRYPTO: SOL) | $222.39 |
| XRP | (CRYPTO: XRP) | $2.87 |
| Dogecoin | (CRYPTO: DOGE) | $0.2503 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001221 |
Notable Statistics:
- Coinglass data shows 170,705 traders were liquidated in the past 24 hours for $642.81 million.
- SoSoValue data shows net inflows of $875.6 million million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $420.9 million.
Trader Notes: Ted Pillows highlighted a major liquidity zone between $116,000–$118,000, where price may see strong reactions. He notes that older BTC whales have resumed selling, so ETF inflows remain a key factor—slower inflows could trigger a deeper correction.
Mikybull Crypto emphasized that the current pullback is healthy, not bearish, presenting potential swing long opportunities if support holds.
For Ethereum, Trader XO marked $4,500 as a key level to reclaim before re-entering longs. Momentum has shifted temporarily from bullish to bearish, so shorts from $4,700 remain the plan until market structure signals a clear directional flip.
Crypto chart analyst Ali Martinez predicts a potential retest of the triangle's bottom at $2.72, indicating a near-term consolidation phase.
Martinez sees SOL breaking out of a cup-and-handle formation, projecting a potential target of $1,300 if the breakout confirms.
EtherNasyonal highlighted DOGE entering a new mega cycle. After a long accumulation phase similar to 2018, it has reformed a "Pre-Mega Run" structure. The setup mirrors pre-2021 parabolic conditions but with stronger fundamentals, timing, structure, and momentum, suggesting DOGE could lead the next major rally.
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