Bitcoin ETF · Bitcoin · Ethereum · Decrypt
Bitcoin Stalls as Ethereum Flashes Worst Weekly Signal in Years: Analysis
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The crypto market enters the second week of July in rough shape.
Key facts
- Traders on Myriad appear as bearish on ETH as they do on BTC, likewise pricing in a 72% chance Ethereum hits $1,500 before $3,000
- On Myriad, a prediction market developed by Decrypt ’s parent company Dastan, traders are placing nearly 73% odds that Bitcoin touches $55,000 before $84,000
- The Fibonacci retracement on ETH's downleg from $2,465.8 to $1,505.1 defines the zone between $2,098.9 and $1,985.5 as the ones with the most activity to watch
- Bitcoin is holding on, but barely, in the low $60,000s after briefly touching 21-month lows under $58,000 last week
Summary
Bitcoin fell 2.89% this week, closing at $61,749 after failing to break resistance in the $64–65K range—the key zone bulls needed to reclaim to change the short-term narrative. Ethereum confirmed a weekly death cross for the first time in years, with its 50-week EMA now below its 200-week EMA, and prediction market traders now pricing a 72.3% chance ETH hits $1,500 before it sees $3,000 again. The broader crypto Fear & Greed Index sits at 23 (extreme fear), spot Bitcoin ETFs ended a 10-day, $2.7 billion outflow streak. Bitcoin is holding on, but barely, in the low $60,000s after briefly touching 21-month lows under $58,000 last week.