Analyst Warns 99% of Altcoins Will Go to Zero
- Altcoin Survival Crisis: Crypto analyst Lark Davis warns that up to 99% of altcoins will go to zero, with only Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) guaranteed to survive, highlighting the high-risk nature of the market and the importance of careful asset selection for investors.
- Portfolio Recommendations: Davis advises investors to hold no more than five to ten assets, emphasizing the need to understand what they are buying and pointing out the fundamental differences between the crypto market and the stock market, urging investors to exercise greater caution in their choices.
- Price Pressure Analysis: Bitcoin is currently trading near $72,000, with analysts warning it could fall as low as $30,000, while Ethereum hovers around the critical support level of $2,150 to $2,200, where losing this zone could lead to long positions being wiped out.
- Market Volatility Situation: Bitcoin dipped to approximately $68,000 on April 7 before rebounding to $71,000 due to a U.S.-Iran ceasefire, but quickly faded amid reports of ongoing conflict, with the current price significantly below its all-time high of about $126,000 set in October 2025, indicating market instability.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1716.736 | 1869.118 | 2025.166 | 2177.548 | 2333.596 | 2485.978 | 2642.026 |
| Fibonacci | 1869.118 | 1986.938 | 2059.728 | 2177.548 | 2295.368 | 2368.158 | 2485.978 |
About ETH
About the author
