BTC, ETH, ADA: Correction Toward Monthly Lows — How Far Can the Drop Go?

The total crypto market cap has dropped 5.61% to $2.1 trillion, weighed down by a resurgence of uncertainty around US interest rates. Stronger-than-expected jobs data has reignited fears of a prolonged restrictive Fed policy. Bitcoin touched $60,000, Ethereum hit $1,500, and Cardano is trading near its monthly lows. All three assets are now sitting at technically critical levels.

Bitcoin: The $60,000 Support Under Extreme Pressure

Bitcoin plunged to $60,000, a level that marks a major support zone on the monthly chart. This psychological threshold coincides with previous cycle highs and represents a critical line of defense for bulls. Holding above this zone is essential to prevent a bearish acceleration.

On the indicators side, BTC’s monthly RSI is approaching oversold territory, which could limit the depth of the current retracement. However, the MACD is showing a bearish crossover on the weekly timeframe, signaling that selling pressure remains dominant in the short term. A breakdown below $60,000 would open the door toward $55,000 and potentially $52,000.

Bullish scenario: a recovery above $63,000 on strong volume would confirm a technical bounce and reopen the conversation around a move back toward resistance in the $68,000–$70,000 range. The broader structure remains intact as long as $60,000 holds.

Ethereum and Cardano: Two Altcoins on the Edge

Ethereum touched $1,500 during the latest wave of selling, a level that represents a strong historical support. This threshold has previously acted as a floor during past corrections, and a clean break below it would send a very bearish signal across the broader altcoin market. The ETH/BTC ratio continues to deteriorate, reflecting the asset’s structural underperformance.

Ethereum’s RSI on the daily chart is flirting with oversold territory, which can trigger short-term technical bounces. That said, the MACD remains pointed downward with no sign of an imminent reversal. The key resistance to watch sits around $1,700: a reclaim of that level would be the first signal of a potential relief rally.

Cardano (ADA) is trading near its monthly lows in an environment of low volume and negative momentum. The asset is struggling to attract structural buyers, and the ongoing correction reflects a fading interest from investors in alternative layer-1 projects. Until ADA reclaims its short-term resistance levels, the bias remains clearly to the downside.

Market Verdict: Technical Bounce or Continued Correction?

The confluence of macro headwinds — strong jobs data, uncertainty over Fed rates — and deteriorating technical signals leaves BTC, ETH, and ADA in a fragile setup. The current support levels ($60,000 for BTC, $1,500 for ETH) are the key levels to watch: a break below them would validate a significant bearish extension, pushing any hopes of a near-term bull run further out of reach.

A bounce remains possible if buyers defend these levels with conviction, particularly if macro data shifts in a favorable direction. But without a strong catalyst — an ETF announcement, a Fed pivot, or cooling inflation figures — the market remains vulnerable to fresh lows. Caution is warranted before considering any move back toward previous ATHs.