Bitcoin, Ethereum Flash Bearish Signals: Are $60,000 And $1,700 Next?

Bitcoin and Ethereum are both flashing bearish structure signals as analysts warn $60,000 and $1,686 are the next targets if key support levels fail.What Analysts Are Saying About BitcoinVan de Poppe: $60,000 Is the Last LineAnalyst Michaël van de Poppe said on X that a $38 million Coldcard hardware wallet drain hit markets Thursday, pulling Bitcoin below key moving averages.He said the structure remains barely intact above the 21-day and 50-day moving averages, with $60,000 to $61,000 as the last meaningful support if those levels break.“If this doesn’t hold, there’s one support level left: $60,000 to $61,000 and that’s where we need to find buyers otherwise new lows are imminent,” van de Poppe wrote, adding that Nasdaq strength could pull Bitcoin back after the US open.TraderMorin: Lower Low, Lower High — Structure Is BrokenAnalyst TraderMorin confirmed the structural breakdown on X, noting Bitcoin formed a lower low Tuesday followed by a lower high overnight.He said the next logical target is the swing lows accumulated around $61,300 to $61,800.Raoul Pal: This Is Liquidity, Not a BreakdownRaoul Pal offered the counter view, saying Bitcoin is 87% correlated to global liquidity and the current weakness reflects liquidity conditions rather than any fundamental problem.“Nothing is broken. It’s doing exactly what it always does,” Pal wrote.BTC Key Levels — July 31, 2026TypePriceWhy It MattersResistance$67,405100-day EMA — next hurdleResistance$64,84450-day EMASupport$64,23620-day EMA — first floorSupport$61,300 to $61,800Swing low zone — TraderMorin’s targetSupport$60,000 to $61,000Major demand zone — van de Poppe’s last supportLast Floor$58,000June low — new lows territory belowWhat Analysts Are Saying About EthereumCold Blooded Shiller: Bearish Divergence Is Getting Very ClearAnalyst Cold Blooded Shiller said on X that bearish divergence on ETH is getting very clear and the chart needs significant work to stop a rollover.He sees $2,000 as a potential liquidity sweep target before the price falls toward roughly $1,686.“Going to take a lot of work to stop this from rolling over,” he wrote. “$2,000 looks such an attractive level to at least get a sweep, perhaps the weakness in even being able to achieve that target is telling,” he added.Ali Martinez: TD Sequential Sell Signal Is LiveAnalyst Ali Martinez flagged a TD Sequential sell signal on X, noting the same indicator flashed a buy near $1,500 ahead of a 31.5% rally.With ETH now trading around $1,980 at the time of his post, he said it may be time to lock in profits.Aria Naka: Three On-Chain Signals Pointing the Same WayOn-chain analyst Aria Naka flagged three data points simultaneously.Stablecoin liquidity on Binance fell 518% week-over-week, the Coinbase ) premium index slipped to negative 0.12, and large-holder exchange activity is trending lower across all timeframes.She said the combination resembles prior consolidation phases before a directional resolution — not a confirmed breakdown, but not a healthy setup either.ETH Key Levels — July 31, 2026TypePriceWhy It MattersResistance$1,930100-day EMA — next hurdleResistance$1,84850-day EMASupport$1,87220-day EMA — first floorDownside Target$1,686Cold Blooded Shiller’s target if $2,000 sweep fails to holdLast Floor$1,506June low — absolute floorPhoto via Shutterstock