$ETH is trading in a pretty clean bullish structure and above a key resistance level. Not a place to overcomplicate things; if it holds above resistance and if it holds the bullish structure, this is going to $2700!

I just checked the charts and I see that cryptocurrencies dropped quite a bit today. Bitcoin is at $74K, Ethereum at $2.3K, and the altcoins suffered more: Solana fell nearly 3%, XRP dropped 1%, Dogecoin lost 1.5%. Nothing surprising given the current market climate. What happened is that Trump fueled fear over the weekend with his threats of tariffs toward Europe. He said he will impose 10% starting February 1 and raise it to 25% in June if there is no agreement. That triggered a widespread risk-aversion panic, and cryptocurrencies obviously took the worst hit. It’s not that Bitcoin is collapsing, but clearly traders are reducing leverage. Roughly $600 million were liquidated in long positions in 24 hours according to data. Altcoins, as always in these moments, were the ones hit the hardest because they have higher volatility. Gold and safe bonds rose, the dollar weakened a bit—this is the typical defensive move when cryptocurrencies drop for macroeconomic reasons. The question now is whether Bitcoin can hold near $70K o or if the correction deepens further. Meanwhile, everyone’s watching what happens with the tariffs and whether there are new moves in trade policy. For now, the crypto market is completely tied to global risk headlines.

I just checked the market and see that cryptocurrencies are dropping quite a bit today. Bitcoin is at $74K, Solana fell more than 3%, Ethereum lost 2.2%, and even Dogecoin took some hits. What happened? It turns out that fears of new trade tariffs between the U.S. and Europe triggered alarms everywhere, not just in crypto. The interesting thing is that this isn't just a cryptocurrency problem. Stock indices also turned red, and people started seeking refuge in gold and bonds. When there's such macroeconomic uncertainty, investors get nervous and rush out of higher-risk assets. Altcoins suffered more than Bitcoin, as is always the case in these moments. According to data I saw, approximately $600 million in long positions were liquidated in the last 24 hours. Traders were highly leveraged and had to close positions quickly. Now everyone is watching whether Bitcoin can hold support near $90K because if it drops below that, the correction could deepen further. For now, because cryptocurrencies fell today, it seems everything depends on how trade and political news evolve. The market is very sensitive to any new headlines about tariffs or geopolitics.