Bitcoin and Ethereum Fell Below Key Levels Simultaneously
Bitcoin and Ethereum both dropped below important technical levels after a wave of selling and rising tension across the crypto markets.
Summary:
- Bitcoin fell below $77,000 following a wave of sell-offs.
- Ethereum broke below several major technical levels.
- Both assets saw simultaneous spikes in selling pressure.
- Rising tensions involving Iran added further pressure to the market.
How the Sell-Off Started
Bitcoin was trading around $77,500 – a level that had acted as short-term support in recent days – when selling pressure suddenly intensified. Shortly afterward, the zone was broken and the price fell to around $76,700 before stabilizing near $76,900 at the time of writing.
Ethereum experienced an almost identical move at the same time. The price dropped below $2,100, followed by a partial recovery to around $2,110. However, the asset remains below several important technical levels that traders had been watching during recent sessions.
Additional pressure on the market also came from geopolitical tensions.
On Sunday, Donald Trump posted a message on Truth Social warning Iran that delays in peace negotiations could lead to renewed military action.
Geopolitical threats do not always trigger prolonged crypto sell-offs on their own, but when the market already appears technically weak, such news often accelerates selling and increases trader anxiety.
That appears to be exactly what happened here.
What the Data Shows
The sell-offs behind the declines can be tracked through the Binance Taker Sell Volume charts from CryptoQuant.
Taker sell volume measures how aggressively sellers are dumping assets at market price without waiting for better bids. In simple terms, these are participants who want out immediately regardless of price.
When this indicator spikes sharply during a decline, it usually signals panic selling, forced liquidations, or rapid risk reduction.
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That is exactly what appeared simultaneously in both assets.
For Bitcoin, the chart shows two major spikes in volume:
- around $1.5 billion on May 15;
- and another spike above $1.1 billion during the break below $77,000.
Ethereum also recorded a move of roughly $1.1 billion exactly when the price dropped below $2,100.
The synchronization between the two markets is the most important signal here.
When Bitcoin and Ethereum both show such large spikes in sell pressure on the same exchange at the same time, it usually means the market is reducing overall crypto exposure rather than reacting to a problem with just one specific asset.
Ethereum Is Starting to Look Weaker Than Bitcoin
Although both assets are falling simultaneously, their technical setups are beginning to diverge.
Bitcoin is still holding above its 50-day moving average (50 MA), currently around $75,642.
Ethereum’s situation looks more severe.
ETH has already fallen below:
- the 50 MA at $2,259;
- and the 100 MA at $2,150.
This means Ethereum has already broken two important technical levels that Bitcoin has not yet reached.
In addition, Ethereum’s RSI indicator is now around 34 – close to oversold territory – while Bitcoin’s RSI is closer to 45.
This suggests that selling pressure on Ethereum is stronger and that the sell-off there has already entered a deeper technical phase.
Are There Signs the Pressure Is Starting to Ease?
Despite the sharp decline, there is also one more positive signal emerging.
The latest selling data already appears significantly weaker.
For Bitcoin, the latest reading dropped to around $79 million, while Ethereum fell to roughly $89 million. That is a huge decline compared to the volumes recorded during the actual sell-off.
Put simply, the most aggressive phase of the selling pressure appears to have weakened temporarily.
However, this does not automatically mean the pressure is over.
The next few hours will likely be critical.
For Bitcoin, the most important level remains the 50 MA around $75,642. Holding above this zone while sell pressure remains low would be the first stronger signal that the sell-off is gradually losing momentum.
For Ethereum, the situation remains more complicated because it is already trading below the 100 MA. For a more stable recovery to begin, ETH will likely need to reclaim the area above $2,150 while RSI gradually starts moving higher.
The biggest risk remains the emergence of another large wave of selling in both Bitcoin and Ethereum.
Such a scenario would suggest that the current slowdown was only a temporary pause rather than a true end to the market pressure.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Kosta Gushterov
Reporter at CoinsPress
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
