Wolfe Research has issued a warning of a 'crypto winter' as technical indicators for major cryptocurrencies show signs of deterioration. Bitcoin and Ethereum are currently trading below key moving averages, with no indications of being oversold. Analyst Rob Ginsberg points to declining trends across major crypto assets. The firm has set a target of $75,000 for Bitcoin and $2,600 for Ethereum, suggesting that the current de-risking phase could extend into 2025. This outlook reflects concerns over the ongoing market conditions and the potential for prolonged bearish trends in the cryptocurrency sector.