A confluence of bearish pressures has pushed crypto markets toward their worst weekly performance since July 2024, with bitcoin and ether testing critical support levels that could determine near-term price direction. Ether faces particular scrutiny as it approaches a key technical threshold, while additional headwinds are compounding the selloff. A security exploit targeting Zcash has rattled investor confidence across the broader market, and a rotation of capital away from crypto toward artificial intelligence assets is accelerating outflows. The combination of technical weakness, a high-profile protocol vulnerability, and macro-level capital reallocation is intensifying selling pressure. Analysts are closely watching whether bitcoin and ether can hold their respective support zones, as a breakdown could signal further downside across the crypto market.
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