Byzantium (ETH), Hydra (HBAR), and Bunker (BONK) have seen notable price volatility recently, impacted by overall market liquidations, institutional activity, and whale accumulation. Despite the rally, Ethereum is facing selling pressure. Hydra's technical indicators remain mixed, while Bunker continues to attract speculative interest.

Despite the rebound, Ethereum experienced one of the largest single-day price crashes in the current cycle, falling nearly $25% before recovering to above $2,900. Liquidations in crypto markets totaled more than $620 million in the past 24 hours, with Ethereum traders feeling the biggest impact. Data from Coinglass shows that $464 million in long positions and $157 million in short positions were liquidated.

According to Bybit CEO Ben Zhou in a post, actual liquidations may be higher due to API limitations. On-chain data shows that both short-term and long-term holders have contributed to the selling pressure, realizing $1.2 billion in losses over the past three days, the highest level since September 2023.

President Trump’s increased tariffs on Mexico, Canada, and China have caused market sentiment to turn bearish. Nick Foster, founder of Derive, noted that ETH options are currently priced in for a 14% chance of ETH reaching $2,000 by March 28.

Furthermore, Ethereum’s dominance has dropped from 17.3% at the beginning of 2024 to 10.9%, while daily transactions remain around 1.25 million, showing post-merger stagnation.

However, institutional moves and whale accumulation indicate potential support. According to Lookonchain data, a whale wallet called "7 Brothers" bought 50,429 Ethereum worth $126 million after the market fell. In addition, the Ethereum exchange-traded fund (ETF) saw an outflow of $45.3 million last week, reflecting a shift in investor sentiment.

HBAR price rebound or false breakout? Analysts predict $3

In the past week, Hydra (HBAR) plunged 21.51% to break below $0.25 before rebounding 6.78% to $0.2522 in the past 24 hours. The price remains at a critical juncture, with technical indicators showing both bearish pressure and potential for a breakout.

The Average Directional Index (ADX) has risen from 11.4 to 43.3 in three days, reinforcing the downtrend. The Ichimoku Cloud remains bearish with the price trading below resistance. The Exponential Moving Averages (EMAs) have formed a death cross, indicating continued selling pressure.

However, analysts see a possible reversal. Shawn Sully has spotted a cup-with-handle pattern that could see a wave of gains if HBAR breaks above $0.40 with a target of $0.57. Birdman foresees a golden crossover, a historically bullish signal with targets ranging from $0.66 to $3.

Meanwhile, Crypto Kip believes HBAR’s ISO 20022 compliance could attract institutions and push prices to $5 by 2025.

Currently, HBAR must recapture the critical resistance level to confirm a trend shift. If the bullish momentum fades, another drop below $0.25 remains a possibility.

Bunker falls 11%, is a rebound imminent or more pain ahead?

BONK is trading at $0.00001772, having gained 1.13% in the past 24 hours after falling 11.09% earlier. The memecoin remains stuck in a descending channel with sellers dominating the market.

Despite the drop, whale accumulation remains strong. Onchain Lens reported a whale buying 12.409 billion BNK worth $4.29 million, showing long-term confidence. Analysts expect BNK to double by 2025, driven by the growth of the Solana ecosystem and memecoin speculation.

Technical indicators remain bearish. Bunker must break above the downtrend line to confirm a reversal. If support is found near $0.00001504, a bounce is likely with a target of $0.000020. Otherwise, further declines are still likely.

Despite institutional accumulation, Ethereum’s price remains under pressure from liquidations and declining dominance. Hydra faces a mixed confluence of technical signals, with analysts disagreeing on where it might move next. Meanwhile, Bunker continues to attract whales, reflecting sustained interest in the memecoin industry.