I noticed today that Bitcoin and Ethereum are experiencing a noticeable downward pressure. Bitcoin retreated to levels of $77,580 with a 0.73% decrease over 24 hours, while Ethereum slipped below $2,310 with a 1.03% loss. The question everyone is asking now: why is Ethereum dropping like this? The answer is somewhat simple — the entire market is moving in the same direction.

Other major cryptocurrencies are following the same trend. BNB decreased by 0.74%, XRP by 0.97%, and Solana lost 1.74% of its value. It seems to be a general correction rather than a problem specific to any particular coin. Technical indicators suggest that the market is still in a consolidation phase and not a true recovery.

From a technical perspective, Bitcoin tried to test the $70,000 level but faced strong rejection. Now everyone is watching to see if it can defend the support zone around $60,000. As for Ethereum, it is attempting to stabilize but has not been able to maintain the $2,000 psychological level. Momentum indicators are weak on both sides, indicating that buying strength is currently limited.