Key Insights:
- Ethereum may accelerate downward if weekly prices close below the critical $1,850 support level soon.
- The analyst identified $1,560 and $1,070 as the asset’s next major downside support zones ahead.
- Bit Digital purchased 8,568 Ethereum tokens worth nearly $20 million during weaker market conditions recently.
- Bit Digital treasury holdings now exceed 158,000 ETH after the company expanded cryptocurrency exposure further.
Ethereum remained under pressure after analysts warned about weaker price levels while Bit Digital increased its Ethereum holdings. The latest market updates arrived as the asset continued trading below key resistance levels during recent sessions.
Ethereum could face faster downside movement. The analyst shared two lower support targets based on long-term technical structures. At the same time, Nasdaq-listed Bit Digital announced another Ethereum purchase despite slower market momentum. The company added 8,568 ETH to its corporate treasury during May.
Ethereum Weekly Structure Signals Lower Support Levels
Ali Charts stated that the token may enter a sharper correction if the weekly candle closes below $1,850. The analyst said the broader channel structure pointed toward lower support areas after the latest rejection.
The first downside target stands near $1,560. The analyst described that level as interim structural support within the current market cycle. The second target sits close to $1,070, which aligns with the lower boundary of asset’s multi-year range. The analyst also said the technical structure supports both downside targets after recent market weakness.
Ethereum has faced slower momentum during recent months as traders monitored weaker demand across major cryptocurrencies. Market participants continued watching macroeconomic conditions and broader digital asset flows during the current trading period.
Bit Digital Adds More Ethereum to Corporate Treasury
In addition, Bit Digital purchased another 8,568 ETH worth nearly $20 million on May 11. According to BSCN, the company bought the assets at an average price of $2,334 per token. After the latest transaction, Bit Digital’s treasury holdings rose above 158,000 ETH. The company continued expanding its Ethereum position even as the asset traded below earlier yearly highs.
Corporate treasury activity has remained active among digital asset firms during recent quarters. Several companies have continued adding cryptocurrency holdings while market prices moved within volatile ranges.
Bit Digital has maintained exposure to the token as part of its broader digital asset strategy. The latest purchase came during a period when the asset showed weaker yearly performance compared with earlier market cycles.
Investors continue monitoring both institutional accumulation and technical support levels as the token trades near critical price zones. Market attention now remains focused on whether itcan hold above the $1,850 weekly threshold in coming sessions.
