$ETH #UpdateAlert Ethereum Temporarily Drops Below $1800 O | Salloo_1808 on Binance Square

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$ETH #UpdateAlert Ethereum Temporarily Drops Below $1800
On May 5th, according to HTX market data, Ethereum briefly fell below $1800 and is currently trading at $1802.3.

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Crypto Update for May 5, 2025 The cryptocurrency market has shown significant activity recently. $BTC Bitcoin's price is hovering around $95,400, reflecting a strong performance as it approaches key resistance levels near $98,000. In April, the iShares Bitcoin Trust ETF (NASDAQ: IBIT) rallied by 14.3%, mirroring Bitcoin's upward trend and attracting investor interest in traditional custodial entities for crypto investments[1]. In addition, $XRP continues to face bearish pressure with short sellers dominating the derivatives market. Current discussions indicate a potential decline below the $2.05 mark due to increased short positions[2]. Meanwhile, overall crypto funds have seen inflows of approximately $2 billion last week alone, contributing to a three-week total of $5.5 billion, with Bitcoin leading these gains[3]. Overall, the market remains volatile but shows signs of resilience as institutional interest grows. #BitcoinReserveDeadline #BinanceLaunchpoolSXT

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Analyst: Bitcoin Retests Key Resistance Level, Breaking $90,000 May Trigger a Double Blow to Technicals and Psychology On May 5th, according to CoinDesk, Alex Kuptsikevich, an analyst at FxPro, stated, "We have reverted to a crucial resistance area that previously served as support between December of last year and February of this year. The subsequent downside targets are $92,500 and $89,000. If Bitcoin drops below $90,000, it will be a setback both technically and psychologically, and it will also breach below the 200-day moving average."

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