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Ethereum price today trades near $1,954, trading flat in the past 4 hours as the token consolidates inside a tightening symmetrical triangle pattern. The move comes as Bitwise senior research associate Max Shannon warns ETH could crash 22% to $1,500, while analysts dispute claims that 50% of supply is staked.

Bitcoin continues to struggle under mounting technical pressure as price action remains trapped below key resistance levels. Although buyers defended the $60,000 region and sparked a short-term rebound, the broader structure still favors sellers. Market data shows weakening derivatives activity and inconsistent spot demand.

Bitcoin price today trades near $68,343, down 0.65% in the past 24 hours after failing to establish support above $70,000 over the weekend. The move comes as Coinbase CEO Brian Armstrong revealed retail users are accumulating during the correction, while January CPI data showed inflation cooling to 2.4%, the lowest level in months.

Bitcoin hovered around the $66,000 level on Friday, positioning the world’s largest cryptocurrency for a potential fourth consecutive weekly loss as broader financial markets remained under pressure. The total cryptocurrency market capitalization slipped about 1.67% over the past 24 hours to roughly $2.26 trillion.

Arthur Hayes pointed to institutional dealer hedge strategies for the ongoing Bitcoin (BTC) price selloff. As Bitcoin price dropped below its crucial bull support bands, Hayes noted that institutional dealers were forced to sell Bitcoin to hedge against their positions in structured products such as BlackRock’s iShares Bitcoin Trust ETF (IBIT).

Bitcoin price today trades near $68,582 after consolidating above the $67,000 support zone following last week’s crash to $60,000. The current drawdown of 54% from October’s all-time high has Bitwise CIO Matt Hougan drawing parallels to the 2018 and 2022 bear market bottoms, suggesting much of the bad news may already be priced in.