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Bitcoin and Ethereum show bearish signals with key supports at $60,000 and $1,686 under threat.

Market News
31 Jul 2026
Benzinga
View Source
Bearish
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Bitcoin and Ethereum are flashing bearish signals as analysts warn that if key support levels fail, Bitcoin could drop to $60,000 and Ethereum to $1,686. Bitcoin recently fell below important moving averages after a large hardware wallet drain, with $60,000 to $61,000 seen as the last major support. Ethereum shows bearish divergence and a sell signal, with $2,000 as a potential short-term target before a further decline. Market experts note these moves reflect liquidity conditions and warn investors to watch these critical levels closely.

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