Bitcoin and Ethereum near their 2026 lows: Could a double bottom be forming?

crypthub

about 2 hours ago

Recent Price Movements

Bitcoin broke the $100,000 barrier while Ethereum surged from $2,100 to a fresh high near $4,950. These jumps echo previous boom‑and‑bust cycles seen in 2013, 2018 and 2021. The market’s extreme volatility creates rapid rallies followed by steep pull‑backs, often wiping out leveraged traders and weak projects.

Market Correction Outlook

Crypto valuations have already shed more than 50% from recent peaks, leaving the space less overbought but still high on the risk spectrum. Analysts expect further downside, with potential support around $55,000–$60,000 for Bitcoin and $1,700–$1,800 for Ethereum. Many investors plan incremental buying at these levels rather than trying to predict a precise bottom.

Key Technical Levels

Bitcoin’s near‑term support sits at $60,000‑$63,000, with a deeper zone at $52,000‑$58,000 and a longer‑term floor near $40,000; resistance ranges from $70,000 up to the $124,000‑$126,000 all‑time high. Ethereum may find bounce support at $1,700‑$1,800, while a break could push it toward $1,380‑$1,500; upside targets include $2,300, $2,700 and the current $4,950 peak. Traders are advised to spread entries, respect these levels, and avoid over‑reliance on uncertain forecasts.