Ethereum Price Prediction & Market Analysis: BTC, ETH, and XRP Face Intensifying Bearish Pressure Amid Technical Breakdown

The cryptocurrency market confronts heightened selling momentum on Friday as major digital assets extend their weekly declines. Bitcoin slides beneath the $87.45K psychological barrier, Ethereum grapples with resistance near $2.95K, and Ripple retreats below pivotal support levels, collectively signaling that the bulls have surrendered control across the sector.

Market Overview: A Coordinated Downturn Across Major Assets

Friday’s trading session reflects escalating downward pressure across Bitcoin, Ethereum, and Ripple. These three marquee cryptocurrencies have experienced meaningful pullbacks since mid-week, with sellers dominating price action across multiple timeframes. Technical indicators on major trading pairs—including Ethereum price predictions that remain pertinent for investors tracking NZD conversion rates—suggest further losses could materialize if key support zones fail to hold.

The broader narrative remains bearish: oversold conditions have given way to fresh selling waves, indicating that market participants are reassessing their risk tolerance in light of macroeconomic headwinds.

Bitcoin: Breakdown Below $87.45K Threatens Deeper Correction

Bitcoin currently trades around $87.45K after retreating from its recent highs. The asset’s failure to maintain levels above $100,000 represents a critical technical breakdown that has energized sellers throughout the market.

From a technical perspective, Bitcoin’s Relative Strength Index (RSI) stands at depressed levels, well below the neutral 50 midpoint, confirming that sellers maintain decisive control. The Moving Average Convergence Divergence (MACD) has produced a bearish crossover signal, amplifying recession concerns and lending credibility to the downtrend.

Should BTC extend its decline and secure closes below the $97,460 support threshold, the next major target rests near the $95,000 psychological level—a zone that holds substantial psychological weight for long-term holders. Alternatively, if bulls regain momentum, the 38.20% Fibonacci retracement at $106,453 presents a credible recovery target.

Ethereum Price Prediction: NZD Investors Monitor Critical Support Erosion

Ethereum’s weekly performance presents a concerning technical picture, particularly for traders monitoring ethereum price predictions across NZD and other major currency pairs. The second-largest cryptocurrency has declined approximately 10% from resistance encountered near $3,592, currently trading in the $2.95K vicinity.

ETH’s technical setup mirrors Bitcoin’s weakness, with the RSI indicator signaling bearish momentum while the MACD crossover reinforces selling pressure. Investors focused on ethereum price NZD conversion must monitor the $3,170 support zone closely—a breach would open the door toward the $3,017 daily support level.

Recovery scenarios, however, cannot be dismissed entirely. Should Ethereum reverse course and stage a decisive rally, the $3,592 Fibonacci retracement level would represent the initial upside target for bulls attempting to mount a counter-offensive.

Ripple: Support Collapse Raises Correction Concerns

Ripple’s technical structure has deteriorated considerably, with XRP now trading below critical support at $2.35. The current market price sits around $1.87, representing a 7-day decline of approximately 1.73%.

XRP initially surged earlier in the week but faltered at the 50-day exponential moving average (EMA) located at $2.53—a level that has become a formidable resistance barrier. Subsequent rejection from this technical zone precipitated immediate declines, resulting in XRP’s breach of daily support.

The Relative Strength Index signals persistent bearish momentum, while the MACD indicator reflects trader indecision. If sellers press their advantage and XRP continues declining, the next major support floor materializes near $1.96. Recovery-minded bulls, conversely, would need to recapture the $2.53 50-day EMA to restore confidence in a potential reversal.

Technical Confluence: When Multiple Indicators Align

What distinguishes the current environment is the convergence of bearish signals across independent technical frameworks. RSI readings across all three assets—Bitcoin, Ethereum, and Ripple—communicate exhausted buying interest, while simultaneous MACD bearish crossovers suggest sellers have commandeered momentum.

For traders monitoring ethereum price predictions in both USD and NZD denominations, understanding these technical formations proves essential for risk management. Support zones that fail to hold often trigger cascade-like selling, attracting additional sellers and amplifying downside moves.

Conclusion: Vigilance Required at Support Thresholds

Friday’s market action underscores a critical inflection point for Bitcoin, Ethereum, and Ripple. Each asset now trades dangerously close to pivotal support levels that, if breached, could unleash deeper corrections.

Investors tracking ethereum price NZD pairs and other major cryptocurrency positions should maintain heightened vigilance around these technical confluences. While recovery scenarios remain viable should bulls demonstrate sufficient conviction, the preponderance of technical evidence currently favors continued downside pressure in the near term.