$RVN experienced #koreksi that is still natural after a ma | Jhon_Killer on Binance Square

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$RVN  experienced #koreksi   that is still natural after a major rally. this is not a bad fundamental for now, RVN is adjusting the price to #stability  

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Crypto Market Analysis: January 1, 2025 Ethereum (ETH) On January 1, 2025, Ethereum traded around $3,330, recording a 2.82% decline. The day’s highest price was $3,368, while the lowest was $3,314. Over the past five days, Ethereum has been relatively stagnant, with the highest resistance level at $3,444 and the lowest support level at $3,306. Indicators show strong bearish pressure. If Ethereum’s price falls below the psychological level of $3,300, further declines are likely. Rejection of upward momentum has been evident since the formation of the December 25, 2024, low. Bitcoin (BTC) Bitcoin recorded a 1.92% decline on January 1, 2025, trading at around $94,183. The highest price of the day was $94,488, while the lowest was $92,877. Compared to previous days, Bitcoin’s movement today was less significant. On December 31, 2024, Bitcoin reached $96,240 before falling back to $93,556. The December 30 low of $92,057 remains unbroken. If Bitcoin breaks the December 31 high, further gains could occur. However, a breach of the December 30 low may signal continued declines. Indicators still suggest substantial bearish pressure. Conclusion Both Bitcoin and Ethereum displayed limited price movement on January 1, 2025, with significant bearish pressure persisting. Key support and resistance levels from the past few days remain critical for determining future price direction. Traders should monitor these levels closely for potential breakout or breakdown scenarios.

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