Fresh tension in the Middle East hit crypto hard, with prices falling within minutes of the headlines. Nick Valdez of VerifiedInvesting.com says that if Bitcoin keeps sliding, a few key support levels will decide how far Ethereum, XRP and the rest of the market fall.
Valdez linked the sharp move to renewed escalation in the Middle East and a social media post from President Trump. Some coins fell far harder than others:
- Cardano (ADA): down almost 7%
- Avalanche (AVAX): down 6.6%
- XRP: down about 4.5% in roughly half an hour
- Solana (SOL): down about 4%
- Ethereum (ETH): barely moved at first
Valdezâs altcoin levels all depend on one thing: whether Bitcoin keeps falling. BTC dropped below $81,000 this week, losing a support zone other analysts had flagged at $81,600 to $82,930. The next levels they are watching sit near $78,200, where the 50-week moving average lies, and then $75,000.
Valdez sees Ethereum trading inside a bull flag, a pattern that often comes before a move higher. The bottom of that flag gives support at around $2,357 to $2,360. If it holds, ETH could later push toward resistance near $3,200, but it first has to break out of its current range.
He also pointed to BitMine, Tom Leeâs company, which he said holds roughly 5% of all ETH in existence and earns about 3% a year from staking it. If selling continues, he is watching the price level where BitMineâs shares last closed on September 16, a gap that has not yet been filled.
XRP tried several times to break through resistance on the four-hour chart and failed each time. Valdez is now watching a trend line drawn from XRPâs August 26 peak, which earlier acted as resistance.
If Bitcoin keeps falling, he expects that line to offer support just above $1.278, slightly below $1.30.
- Solana: $100 is a strong psychological level. Below it, Valdez is watching $97, then $90, near an old descending trend line.
- Cardano: support is the level tested in July, August and September. ADA came close to 30 cents earlier, about 28 cents, before sellers took control.
- Avalanche: support sits a little below $10.
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