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Ethereum has been one of the hardest-hit major assets in the latest crypto market selloff. The ETH price is down over 6% in the past 24 hours, extending weekly losses to roughly 9%, as macro pressure and liquidations weigh on prices.

Against this weak backdrop, a fresh institutional headline has shifted attention back to Ethereum’s fundamentals. JPMorgan has announced the launch of its first tokenized money market fund on Ethereum, seeded with $100 million. The key question now is whether this development can help the ETH price stabilize and rebound, or whether technical pressure will force a deeper breakdown.

JPMorgan’s Tokenized Fund Adds Long-Term Support, but the Chart Faces a Test

JPMorgan’s move reinforces Ethereum’s role as an institutional settlement infrastructure. The bank is launching a tokenized money market fund, called MONY, on Ethereum through its digital asset platform, with an initial $100 million allocation before opening to outside investors.

From a long-term perspective, this strengthens Ethereum’s credibility with traditional finance. In the short term, however, price action remains under pressure. On the daily chart, Ethereum is approaching a bearish EMA crossover, where the 100-day exponential moving average is close to slipping below the 200-day EMA.

ETH Price Faces Risk: TradingView

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

An EMA is a trend indicator that reacts faster to price changes. When the faster EMA drops below the slower one, it often signals weakening momentum.

This setup means that even positive headlines may struggle to spark a sustained rebound unless Ethereum clears key resistance levels. Plus, the EMA crossover forming with the ETH price struggling to hold onto the $2,910 support underscores the technical weakness.

On-Chain Signals Support a Rebound Case if Support Holds

While the chart looks fragile, on-chain data presents a conditional rebound scenario. The percentage of Ethereum addresses in profit has fallen sharply since December 10, alongside an 11% price drop. This metric is now at its lowest reading since early December.

In prior instances, similar local lows have aligned with short-term rebounds. On December 1, a dip in this metric preceded a move from around $2,800 to $3,190 in a single day, roughly a 14% gain. Another local low on December 5 was followed by a near 10% ETH price increase.

Sellers Might Be Losing Hold: Glassnode

This does not guarantee a bounce, but it shows selling pressure has reached zones where buyers previously stepped in, provided price support of $2,910, from the technical chart shared earlier, remains intact.

Ethereum (ETH) Price Levels That Decide Rebound or Breakdown

Ethereum is now testing a critical support near $2,910. A daily close below this level would invalidate the rebound setup and expose downside toward $2,710, followed by $2,620 if market stress intensifies.

For the rebound case to stay alive, ETH must reclaim $3,240. A daily close above that level would ease downside pressure and open the door toward $3,440. Until that happens, any upside should be viewed as corrective rather than trend-confirming.

Ethereum Price Analysis: TradingView

Ethereum is now caught between long-term institutional optimism and near-term technical weakness. Whether the JPMorgan headline leads to a rebound or gives way to a breakdown depends on how the price behaves at these critical levels in the days ahead.

The Bitcoin price is under renewed pressure. BTC is down about 4% over the past 24 hours and nearly 10% over the past 30 days, as selling pressure builds across the crypto market. While traders debate rebound versus breakdown, a critical long-term level has now surfaced that could decide how Bitcoin ends the year.

Both price structure and cycle analysis are converging around the same zone. If Bitcoin fails to defend it before the year closes, downside risks increase sharply.

A Make-or-Break Bitcoin Price Level Comes Into Focus

Bitcoin is currently trading close to the 2-Year Simple Moving Average (2Y SMA), which sits near $82,800. This level is not just another support. It is one of Bitcoin’s most important long-term cycle markers.

The 2Y SMA is calculated using daily closes, but it is interpreted on a monthly closing basis for cycle analysis. What matters is not intraday price action, but where Bitcoin closes the month.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Monthly BTC Data: TradingView

Last time when the Bitcoin price dropped under this SMA line in mid-2022, it corrected an additional 51% before attempting an upmove. That is why December 31 matters.

When the December monthly candle closes, the market locks in a full month of data. That candle becomes the official signal used by analysts to judge whether Bitcoin is holding a long-term trend or entering deeper structural weakness.

Historically, monthly closes below the 2Y SMA have marked extended bearish phases. Monthly defenses or reclaims above it have signaled cycle survival. Once the month closes, there might be no second chance.

Analysts tracking long-term Bitcoin cycles have flagged this same level as a structural line in the sand. The key takeaway is simple: Bitcoin needs to stay above this zone into month-end to avoid printing a confirmed breakdown signal.

Why This Support Is Under Pressure Right Now

The problem is not just technical. On-chain data shows growing stress beneath the surface.

Long-term holders, defined as wallets holding Bitcoin for more than 155 days, have been increasing their selling activity throughout December. According to long-term holder net position change data, net outflows rose from roughly 116,000 BTC earlier in the month to nearly 269,000 BTC by December 15.

Long-Term Investors Keep Selling: Glassnode

That is an increase in selling pressure of over 130% in just two weeks.

These are not short-term traders. This group typically sells only during periods of conviction or risk reduction. Their continued distribution adds weight to the downside and makes defending key support levels harder.

When long-term holders sell into weakness, it reduces the margin for error around critical price zones like the 2-year SMA.

Bitcoin Price Levels That Define Rebound or Breakdown

If Bitcoin fails to hold the $82,800–$81,100 region into the December close, downside risks expand quickly.

A confirmed break below this zone opens the door toward $73,300, which sits roughly 15% lower than the current level and sets the next major downside projection on the chart.

Bitcoin Price Analysis: TradingView

On the upside, Bitcoin must reclaim $88,200 to reduce immediate pressure. A sustained move above $94,500 would be needed to restore bullish structure and shift momentum back in favor of buyers.

Until then, Bitcoin remains trapped between long-term cycle support and rising selling pressure.

After the recent rise of the Pepe (PEPE) meme coin, Bitcoin's BRC-20 token standard has become the latest fad in the crypto ecosystem. The BRC-20 standard has been used to create 8,500 tokens, most of which are meme coins such as PEPE and Memetic (MEME). With all this hype in the crypto industry, let’s explore more about what are these BRC20 tokens and how you can mint them. 

What are BRC20 tokens? 

The BRC-20 "token standard" is a test fungible token developed with Ordinals and Inscriptions and saved on the Bitcoin base chain. It deploys token contracts, mints tokens, and transfers tokens using Ordinal inscriptions of JSON data.

This is not a token standard in the sense that EVM chains create smart contracts that manage the token standard and its various rules, but rather a method of storing a script file in Bitcoin and using that file to attribute tokens to satoshis and then allowing them to move from one user to another. 

On March 8th, 2023, Twitter user @domodata developed the BRC-20 token. The name is a play on Ethereum's ERC-20 token standard, however, they do not interact with smart contracts like the EVM standard from which it derives its name.  

There are numerous methods for creating tokens on other chains, each of which has its own market and exchange with liquidity where they can be exchanged. The token market is a breeding ground for speculation and scams, and hearing this ERC-20 word may attract these consumers, who may then relocate to Bitcoin. 

While this may increase demand for Bitcoin to pay fees and take up block space, it may also entice naive investors to purchase meaningless metadata that only a few wallets manage to transform into something worth displaying in a human-readable manner. 

After understanding a brief of the BRC-20 tokens, let’s understand why they are hyped. 

Why are BRC-20 tokens so hyped? 

The original BRC-20 token contract for the "ordi" token has a hard cap of 1,000 tokens each mint and a total maximum supply of 21 million tokens. Since then, the market value of BRC-20 tokens has risen over the previous month, reaching an astounding $120 million, signifying a 600% increase in the last week alone. On May 1, BRC-20 tokens had a volume of 366,000 transactions, while the total number of transactions on the network was 2.36 million. As the demand for BRC-20 tokens continues to climb, so are transaction costs as a result of the increased token activity. With the increased hype of the BRC-20 tokens, the BTC chain is congested. 

Now that you know why BRC-20 tokens have been hyped, let’s explore how you can mint BRC20 tokens. 

How to mint BRC20 tokens? 

Bitcoin Tokens (BRC-20) are blockchain-based digital assets that are frequently used for decentralized finance, gaming, and digital collectibles. Unisat.io is a platform that enables users to easily generate, manage, and trade these tokens. We will lead you through the process of minting Bitcoin Tokens (BRC20) on Unisat.io in this comprehensive guide. 

Step 1: Create a Wallet 

You must first create a suitable wallet before you can begin minting tokens. Unisat is a well-known web-based wallet that accepts custom BRC20 tokens. 

Step 2: Integrate BRC20 Support into Your Wallet 

After you've created your wallet, you'll need to add BRC20 token support. Take the following steps: 

Choose the option to add custom tokens or assets to your wallet. 

Add the BRC20 token standard's contract address. You can find it on the Unisat.io website or in the token's documentation. 

Input the token's symbol and decimals that can be found in the documentation. 

Step 3: Get Some Bitcoin (BTC) 

You will need both Bitcoin (BTC) to mint BRC-20 tokens. Here's how to get them: 

Buy Bitcoin from any reputed exchange like Binance, Coinbbase, Kucoin, etc.

Buy Bitcoin from P2P

Borrow some BTC from your friend (Need really good friends for this)

Step 4: Add Bitcoin to Your Wallet 

Now that you have the necessary cryptocurrency, deposit them into your wallet by completing these steps: 

Find your Bitcoin Taproot (BTC) addresses in your wallet. Make sure it is a Taproot address.

Navigate to the withdrawal area on the exchange and enter your wallet addresses. 

Confirm the transaction and wait for the funds to appear in your wallet. 

Step 5: Register Your Wallet with Unisat.io 

Follow these steps to connect your wallet to Unisat.io: 

Visit the website Unisat.io. 

Select the "Connect Wallet" option. 

Select your wallet from the list of available alternatives and follow the on-screen instructions to connect. 

Step 6: Mint Tokens 

Now that your wallet is connected, you may begin minting BRC20 tokens. Take the following steps: 

Navigate to the "Mint Tokens" area of Unisat.io. 

Enter the desired token information, such as the name, symbol, and total supply. 

Choose the functionality of the token, such as whether it should be transferable or have a fixed supply. 

Click "Mint Tokens" to validate the transaction in your wallet. 

Step 7: Organise and Trade Your BRC-20 Tokens 

Manage and trade tokens on Unisat.io using the following steps: 

Go to Unisat.io's "My Tokens" area. 

View and control your tokens, such as changing the supply of the token or adding new functionality. 

To trade your tokens, go to the "Marketplace" section and make a new trading pair with the cryptocurrency of your choice. You need 20 UniSat points to trade on Marketplace. Please note that for each use of UniSat Inscribe to create an inscription (including TRANSFER minting in UniSat Wallet), the UniSat Points of your connected address will be incremented by one.

Set the price as well as other trading characteristics such as order type and quantity. 

Step 8: Market Your BRC-20 Tokens 

Consider advertising your BRC-20 tokens using the following avenues to boost their value and awareness: 

Social networking sites: To reach a larger audience, share your token's information and updates on platforms including Twitter, Facebook, and Reddit. 

To attract potential investors and users, participate in conversations on major cryptocurrency forums such as Bitcointalk and CryptoCompare. 

Press Statements: To announce noteworthy milestones or partnerships, publish press releases on recognized Bitcoin news sources. 

Step 9: Incorporate Your BRC-20 Tokens into Decentralised Applications (dApps). 

Consider incorporating your BRC-20 tokens into blockchain-based decentralized applications (dApps) to boost their usage and value: 

Finance Decentralised (DeFi): Allow your tokens to be used as collateral, staked for rewards, lent, and borrowed on DeFi platforms such as Uniswap, Aave, and Compound. 

Non-fungible Tokens (NFTs): Use your BRC-20 tokens as the underlying value to create digital collectibles, virtual goods, or in-game assets. 

DAOs: Use your tokens to enable governance and voting within decentralized organizations or communities. 

Step 10: Tracking the Performance of Your BRC-20 Tokens 

Consider using the following tools and resources to monitor the success of your BRC-20 tokens and make educated decisions: 

https://brc-20.io: Monitor the market value, trading volume, and market cap of your tokens on prominent cryptocurrency data aggregators on BRC-20. 

Ordspace.org: Examine your token's on-chain activity, such as transactions, holders, and token transfers. 

Dune Analytics: Create custom dashboards to visualize and analyze your token's statistics and trends. 

Bottom Line

Minting BRC-20 tokens on Unisat.io is a simple operation that can provide your digital assets with multiple potentials. You can easily create, manage, and trade BRC-20 tokens by following this step-by-step guide. To maximize their potential and worth, remember to market your tokens, incorporate them into dApps, and track their success. 

Ethereum is up a little over 1% in the past 24 hours. It is still trailing the broader crypto market, but it has cut its monthly loss to about 5.7%, while Bitcoin is down more than 10% for the month. Even with the slow pace, the Ethereum price is showing early signs of strength again.

A well-known bullish pattern is taking shape, whales are increasing their holdings, and the chart is now close to a level that decides if this breakout is real.

A Well-Known Pattern Is Taking Shape as Whales Step In

Ethereum is forming a cup and handle pattern, a structure that often appears before trend reversals. The “cup” is the rounded bottom from the mid-November low, and the “handle” is the recent pullback. The rim of the pattern slopes slightly downward, but this does not break its validity.

A sloping neckline still works as long as the price keeps respecting the cup structure and returns to test the rim.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Ethereum Breakout Structure: TradingView

Right as Ethereum started to move out of the handle, whales increased their positions. Between December 11 and December 12, whale supply jumped from 100.41 million ETH to 100.50 million ETH.

That is a small yet timely addition of 90,000 ETH, worth roughly $293 million at the current price.

Whales Start Buying: Santiment

Whale buying during a pattern breakout attempt often shows that large holders expect continuation. It does not confirm the move, but it does support the setup.

A clean breakout requires a daily close above $3,486, which is the neckline of the pattern. Ethereum is still about 7% below that line.

Ethereum Price Levels That Confirm the Breakout

If Ethereum clears $3,486, it confirms the cup and handle structure and activates the measured target.

Based on the depth of the cup, the Ethereum price target sits near $4,779, a 37% move from the supposed neckline. Before reaching that, Ethereum would meet interim resistance levels at $3,712 and $4,249.

These areas historically slow price, so they act as checkpoints on the way to the full target.

Ethereum Price Analysis: TradingView

On the downside:

Weakness first appears with a daily close under $3,152, as that breaks the handle structure.

The setup gets invalidated if Ethereum falls below $2,620, the lower support that marked the bottom of the cup.

Right now, the bias leans cautiously bullish. The pattern is intact, whales are adding, and Ethereum is only one push away from its breakout line. Confirmation still needs that 7% move, but the setup is stronger than it has been in weeks.