Ethereum price analysis: ETH/USD sinks below the trendline; Ethereum futures are launched today

ETH/USD 6% down on the day, trading below trendline.
Ethereum futures will be launched later today.

Tanya Abrosimova Independent Analyst

Ehereum dropped below $700 handle and touched $680 on Friday trading amid massive sell-off on cryptocurrency markets. ETH/USD is now trading at $692, off the intraday low. While the market has calmed down, the bearish pressure is still evident as long as the coin stays below $700.

Cryptocurrency trading platform CryptoFacilities launches the first regulated Ethereum futures later today, which means that traders will have an expanded range of opportunities to trade the second largest digital asset. The exchange is a company, regulated by UK Financial Conduct Authority.

Such product as futures enables crypto traders to take both long and short positions in Ethereum and takes it another step closer to institutional investors.

Ethereum technical picture

ETH/USD broke below rising trendline from the upside movement started at the beginning of April. This is a bearish signal that means that more downside may be in store if the price fails to get back above $700 and $720 as soon as possible. The support is created by 100-DMA at $673 and 200-DMA at $663.

ETH/USD, the daily chart

Author

Tanya Abrosimova

Independent Analyst

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.

Cosmos Hub Price Forecast: ATOM under pressure as bearish momentum accelerates

Cosmos Hub steadies near $1.82 at the time of writing on Monday, following a 20% decline the previous week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.

Meme Coins Price Prediction: Dogecoin, Shiba Inu, and Pepe show bearish signals at key levels

Meme coins are hovering around key support zones at the start of this week on Monday, after extending losses in the previous week. Dogecoin (DOGE) signals a neutral near-term bias with a slight bearish tilt.

Solana Price Forecast: SOL consolidates amid rising Middle East tensions

Solana (SOL) trades around $84 at press time on Monday, coiling further within a consolidation range that keeps the momentum trapped. Institutional interest in Solana resurfaced last week, with inflows of over $44 million capping downside pressure.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.