Kraken Market Analysis: Ethereum Faces Critical Support Test Amid Bearish Pressure

Ethereum's recent price action has turned concerning as the cryptocurrency breaches key support levels, with potential for significant declines if current market conditions persist. On Kraken's trading platform, ETH has shown notable weakness, dropping below the crucial $4,120 support level and testing investor confidence. The second-largest cryptocurrency now faces a critical juncture as it approaches the $4,050 level, which could determine whether we see double-digit percentage losses in the coming sessions. This bearish momentum follows ETH's failure to maintain positions above $4,450 earlier this week, indicating a shift in market sentiment. Technical analysis reveals a pronounced bearish trend line forming on hourly charts, with $4,360 now acting as formidable resistance. Current trading activity shows ETH positioned below both the $4,150 resistance zone and key moving averages, suggesting continued downward pressure. Market participants on Kraken are closely monitoring these developments, as a break below $4,050 could trigger additional selling pressure and potentially lead to more substantial declines. The cryptocurrency's performance in this range will be crucial for determining short-term direction, with traders watching for either consolidation or further breakdown. This technical setup presents important considerations for both short-term traders and long-term investors using the Kraken platform, highlighting the need for careful risk management in current market conditions.

Ethereum Slips Lower – Will Continued Decline Lead To Double-Digit Losses?

Ether's price trajectory turned bearish as it breached the $4,120 support level, with further downside potential if $4,050 fails to hold. The second-largest cryptocurrency now faces resistance NEAR $4,150 after failing to sustain above $4,450 earlier this week.

A pronounced bearish trend line has emerged on hourly charts, with $4,360 acting as formidable resistance. The asset currently trades below both the $4,150 level and its 100-hour moving average, signaling weakening momentum. Market participants await a decisive break either above $4,250 resistance or below the $4,000 psychological support for directional confirmation.

XRP Price Recovery Stalls as Traders Eye Key Resistance Levels

XRP's attempted recovery above $2.85 has met stiff resistance near the psychologically important $3.00 level. The digital asset now hovers around $2.90, testing the 100-hour moving average as market participants watch for either a breakout or another leg down.

A bullish trend line forming at $2.85 on the XRP/USD hourly chart offers near-term support, with Kraken data showing the pair could extend losses if this level fails. The token faces immediate resistance at $2.95, followed by the more significant $2.9620 barrier - representing the 61.8% Fibonacci retracement of its recent decline from $3.138 to $2.678.

Notably, XRP's recent rebound from $2.680 outperformed both Bitcoin and Ethereum, suggesting selective capital rotation within the crypto market. The coming sessions will prove decisive in determining whether bulls can muster enough strength to overcome the current technical hurdles.

Dogecoin (DOGE) Struggles Again – Is Market Preparing For Another Sharp Drop?

Dogecoin's price continues to face downward pressure, slipping below the $0.250 support level against the US Dollar. The meme-inspired cryptocurrency now trades beneath both this psychological threshold and its 100-hour moving average, signaling weakening momentum.

A bearish trend line has emerged on hourly charts, with resistance firming near $0.2450. Market observers note the failed recovery attempt after Doge touched $0.2302, with sellers quickly stepping in around the 23.6% Fibonacci retracement level. The current consolidation pattern suggests potential for further declines unless bulls can reclaim $0.2550.

The broader altcoin market appears to be following Bitcoin's lead, with ethereum showing similar weakness. Traders are watching the $0.230 level closely – a breach could accelerate selling pressure toward lower support zones.

Kraken Commits $2M to Pro-Crypto PACs in Defense of Digital Rights

Kraken, one of the world's largest cryptocurrency exchanges, has pledged $2 million to two pro-crypto political action committees (PACs) in a bid to safeguard what it describes as "core rights" in the digital age. The MOVE underscores the industry's escalating efforts to shape U.S. regulatory policy amid ongoing legislative battles.

Co-CEO Arjun Sethi framed the donation as part of a broader struggle to protect financial privacy and innovation. "Crypto was born as a peaceful revolution to give people the ability to hold value, transact freely, and operate outside systems of arbitrary control," he stated, drawing direct parallels between blockchain principles and traditional American civil liberties.

The funding comes despite recent progress in Washington, including the passage of the GENIUS Acts and bipartisan work on market structure legislation. Sethi warned that regulatory uncertainty and aggressive enforcement actions continue to threaten the foundations of decentralized finance.

11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle?

Ethereum struggles to hold the $4,000 level after an 11% drop since Monday, signaling a shift in market sentiment. Bulls have lost momentum, and sellers are capitalizing on the downturn. This correction follows weeks of upward pressure that pushed ETH toward multi-month highs.

Analysts remain divided. Some view the pullback as a healthy consolidation, arguing Ethereum is digesting gains before another rally. The $4,000 mark now serves as a critical psychological and technical battleground.

Lookonchain reports unusual activity: 11 wallets received 295,861 ETH ($1.19B) from institutions like Kraken, Galaxy Digital OTC, BitGo, and FalconX. Speculation swirls around whether this signals accumulation or ETF-related demand.

Bitcoin Price Breaks Key Support as Bearish Trends Emerge

Bitcoin's price action turned decisively bearish after breaking below the $112,500 support level, with Kraken exchange data showing two distinct downward trendlines forming on hourly charts. The flagship cryptocurrency now faces immediate resistance near $110,500 after establishing a local low at $108,680.

Market sentiment appears fragile as BTC struggles to maintain footing above the 100-hour moving average. The current consolidation pattern suggests potential for further downside, with technical indicators pointing toward a possible retest of the $108,500 support zone. Trading volumes and order book data from major exchanges will likely determine whether this correction represents a buying opportunity or the beginning of deeper retracement.