Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Cryptocurrencies extend their decline from recent highs

Cryptocurrencies extend their decline from recent highs

market pulsemarket pulse2025/08/27 14:15
By:Elior Manier

There were a few signals traders could have spotted ahead of the ongoing selloff.

After last Friday's warning from Bitcoin, with an all-time high leading to a direct retracement, the crypto market has started to make its way off its most recent highs.

Ethereum staged a huge rally toward its record levels, but buyers failed to break through the $4,870 all-time high—a sign of hesitancy from the market that sellers enjoy.

Altcoins were also a bit timid on the last leg of the rally showing some lack of depth in buying.

And with cryptocurrencies still firmly in the risk-asset camp, renewed geopolitical headwinds (including uncertainty with the Russia-Ukraine war) are giving investors further reasons to cash out from the rallies.

Let's see through BTC and ETH intraday charts if this should keep on going or if this is just a small retracement in the longer-term trend.

A follow-up from our most recent crypto piece: Imminent profit-taking in Cryptocurrencies – What's the story

Read More: Gold (XAU/USD) Hovers at $3350/oz, Russia-Ukraine Developments in Focus

Bitcoin 8H Chart

close

Bitcoin 8H Chart, August 18, 2025 – Source: TradingView

Bitcoin 8H Chart, August 18, 2025 – Source: TradingView

Bitcoin is $9,000 (7.20%) from its most recent ATH at $124,269, with the shape of the most recent highs appearing as a double top.

Despite this warning sign, the ongoing 8H candle is showing a doji-indecision as shorter timeframes enter oversold territory.

The current candle appears as dip buyers try to re-enter at the upward trendline that has served as support since the end of April.

Prices are located right between the 50 and 200-period MAs – showing that the action is much less balanced than the previous uptrend.

Levels to watch for Bitcoin trading:

Levels for BTC trading:

Support Levels:

  • $114,500 to $115,500 rebound at the current supporting trendline
  • $110,000 to $112,000 previous ATH support zone (MA 200 at $111,350)
  • $100,000 Main support at psychological level

Resistance Levels:

  • $116,000 to $117,000 Pivot
  • 50-period MA $117,330
  • Major Resistance $122,000 to $124,500
  • Current all-time high $124,596

Ethereum 8H Chart

close

Ethereum 8H Chart, August 18, 2025 – Source: TradingView

Ethereum 8H Chart, August 18, 2025 – Source: TradingView

Ethereum's outlook doesn't look as bleak, with the ongoing retracement hanging around the $4,200 to $4,300 consolidation zone (yellow box).

With prices evolving in a current upward channel, sellers seem to have appeared at the higher bound just before the $4,870 2021 record.

Buyers took the current rally to $4,790. As mentioned in the intro, a failure to breach the past highs is interpreted by sellers as lack of persistence from ETH bulls.

Nonetheless, after reaching ultra-overbought levels, such retracements are healthy.

Probability of a higher rebound from here are still decent as long as prices hold above the $4,000 pivot, and even higher probability if buyers take the short-term hand here.

Levels for ETH trading:

Support Levels:

  • $3,500 Support zone
  • $4,000 Main pivot (confluence with 50-period MA)
  • $4,200 to $4,300 consolidation zone (currently testing)

Resistance Levels:

  • Current highs $4,793
  • $4,700 to $4,900 All-time high resistance zone
  • $4,870 2021 record
  • Potential resistance at 1.618% Fibonacci extension of April to July up-move

A look at the crypto Market Cap

close

Total Market Cap Weekly Chart, August 18, 2025 – Source: TradingView

Total Market Cap Weekly Chart, August 18, 2025 – Source: TradingView

The Total Crypto Market Cap is testing the 2024 highs.

As long as profit-taking doesn't go below 3.50T, we can assume that this is just some healthy retracement instead of the beginning of a bear trend.

Altcoins are retracing a bit more strongly, but this is common as they are the most risky of the already-risky crypto asset class.

We will stay in touch frequently to see how this story develops.

Safe Trades!

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

NMR +4352.14% in 24 Hours Amid Growing Institutional Adoption

- NMR surged 4352.14% in 24 hours, driven by institutional adoption and NuCypher's privacy-focused blockchain solutions. - Strategic partnerships with DeFi protocols and MPC integration expanded NMR's use cases for secure on-chain transactions. - Network upgrades, staking incentives, and developer activity strengthened NMR's infrastructure scalability and demand dynamics. - Analysts highlight structural growth potential but caution early-stage volatility amid macroeconomic and market risks.

ainvest2025/08/27 20:27
NMR +4352.14% in 24 Hours Amid Growing Institutional Adoption

Institutions Can Now Tokenize Real-World Assets to Unlock DeFi Liquidity

- Aave Labs launches Horizon, enabling institutions to borrow stablecoins using tokenized real-world assets (RWAs) as collateral. - The platform combines permissioned compliance checks with open DeFi pools, leveraging Chainlink oracles for real-time pricing and collateralization. - Partners include Centrifuge, Superstate, and Circle, targeting a $26B+ tokenized RWA market dominated by Ethereum-based assets. - Horizon aims to bridge traditional finance and DeFi by enhancing liquidity and transparency for in

ainvest2025/08/27 20:24
Institutions Can Now Tokenize Real-World Assets to Unlock DeFi Liquidity

Investors Chase Cold Wallet's 3,400% ROI as Presale Surpasses $6.4M

- Cold Wallet's presale surpassed $6.4M with 3,400% ROI potential, selling 754.52M tokens at $0.00998 (vs $0.3517 listing price). - Unique fee-refund model eliminates gas fees and rewards users per transaction, contrasting staking-based incentives in other wallets. - Plus Wallet integration added 2M users, while rising token prices in staged presale create urgency for early investors. - Outperforms Tron, Toncoin, and Cardano in ROI potential despite their institutional backing and market presence.

ainvest2025/08/27 20:24
Investors Chase Cold Wallet's 3,400% ROI as Presale Surpasses $6.4M