Code Wars: Cardano Claims The Crown From Ethereum In Core Development
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Cardano has surpassed Ethereum in central developer activity, a dramatic turn that disputes its long-held status as a “ghost chain.” The development has kindled fresh optimism among investors that Cardano’s price may soon experience significant increases. Related Reading Developer Numbers Reflect Shocking Flip According to data platform Cryptometheus, Cardano now ranks first in blockchain development with 21,439 GitHub commits over the past 12 months. These commits span 550 core repositories, putting Cardano ahead of Ethereum’s 20,962 commits during the same period. The data indicates activity in 12 fundamental Cardano projects, with the wider ecosystem demonstrating activity in 36 projects. This wave of developments has driven activity in 4,276 GitHub repositories, offering tangible proof to counter accusations that Cardano is not being utilized in the real world. Source: Cryptometheus Ethereum Faces Increased Competition Ethereum’s ranking in second place is what some refer to as an “underwhelming year” for the network. The network lagging behind in terms of developer numbers comes as Cardano founder Charles Hoskinson speculates that Ethereum will collapse by 2040. Hoskinson cites several reasons for his prediction: old tech, layer 2 solution fragmentation, and declining developer participation. This criticism comes at a sensitive moment since Ethereum is also struggling with Internet Computer, which is currently ranking third in developer activity. The Ethereum Foundation has set out a new vision for scaling its layer 1 capabilities, which could reverse the trend of developer disengagement. Source: Cryptometheus Price Predictions Follow Development Success Cardano’s cryptocurrency, ADA, is currently trading at $0.69 and seems to be maintaining crucial support levels. This steadiness, coupled with the uptick in developer activity, has prompted analysts to forecast substantial price increases. Crypto analyst “Token Talk” proposes ADA might observe a 100% jump to $1.20-$1.30 within the existing market cycle. Looking further down the line, the analyst estimates a possible value of $10 by 2029. $ADA sideways around $0.70, but holding key support! 💪 Analysts eye potential 100% recovery to $1.20-$1.30. Long-term bullish case for $10 by 2029! #Cardano #ADA #Crypto #Bullish pic.twitter.com/tUeVXJaRlM — Token Talk (@TokenTalk3x) April 29, 2025 Technical indicators are also supportive of shorter-term optimism. The golden cross pattern has traders looking for the $1 level, with around $20 million of ADA having just transferred off exchanges recently – widely regarded as a bullish sign. Related Reading ADA market cap currently at $24 billion. Chart: TradingView.com Strategic Partnerships Fuel Ecosystem Growth Cardano is making efforts to expand its ecosystem with strategic alliances, such as an upcoming integration with XRP for its Lace Wallet. As reported, the alliance is intended to establish mutual gains for both blockchain networks. The alliance will look to improve price performance for both tokens as well as increase the real-world uses of their respective ecosystems. The move is consistent with Cardano’s overall effort to drive up adoption and use on its platform. For Cardano enthusiasts, the convergence of top developer metrics, strategic collaborations, and upward price indicators portends that the project might be finally shaking off its “ghost chain” stigma. Featured image from Techbuild Africa, chart from TradingView
Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Justin Sun, the founder of the Tron blockchain, predicts that Ethereum’s price will surge to $5,000 in the next few months. His prediction is made as Ethereum gears up to celebrate its 10th anniversary in July 2025. Related Reading Price Prediction Sets Community Afloat The daring forecast has made waves in cryptocurrency communities, particularly because Ethereum is currently priced under $2,000. Based on figures by Coingecko, the second-largest cryptocurrency is valued at around $1,789. Sun posted his opinion on X (formerly Twitter), observing a personal connection to the launch date of Ethereum. His birthday is July 30, the same day Ethereum launched in 2015. The founder of Tron leveraged this moment to collaborate with the Ethereum Foundation in advertising the upcoming birthday celebrations. His $5,000 price target is almost a 200% hike from levels now. Ethereum shares the same birthday as me—this date is truly meaningful. I suggest a 10x increase—let’s commemorate it together at $5,000! https://t.co/o8Ci30xbhH — H.E. Justin Sun 🍌 (@justinsuntron) April 24, 2025 Foundation Plans Global Birthday Events According to reports by the Ethereum Foundation, the 10-year anniversary will have global birthday parties of all sizes. Organizations and individuals can plan local events to participate in the celebration. To assist in making these events occur, the Foundation’s Ecosystem Support Program will reimburse up to $500 in costs per event. Applicants must apply by June 15, 2025. The Foundation hopes to establish a “global holiday” environment around the anniversary, with community involvement from various countries and regions. ETHUSD trading in the $1,787 region on the 24-hour chart: TradingView.com Sun’s Four-Step Plan For Ethereum Growth Sun didn’t leave it there at projections – he mapped out a concrete plan he is convinced would get Ethereum to the $5,000 level in no time: 1. The Ethereum Foundation should refrain from selling ETH for a minimum of three years to curb supply and promote holding. 2. Instead of token sales, the Foundation might employ lending and staking platforms such as AAVE to finance operations. 3. The Foundation must rationalize its team, retaining only the best developers and compensating them at better rates to enhance output quality. 4. Development should be aimed at enhancing the core Layer 1 network instead of diluting resources over so many side projects. Image: Cryptonary Ethereum Faces Challenges Despite Success Even though it hosts thousands of decentralized applications and popularized smart contracts globally, Ethereum is still struggling with various issues. It is commonly complained about by users, including exorbitant gas charges, sluggish transaction speeds, and poor scalability. Related Reading Meanwhile, an upgrade dubbed “Pectra” is set to happen in May 2025 that may solve some of these problems. The upgrade is said to reduce transaction fees and enhance contract enforcement throughout the network. Sun’s support for Ethereum stands out because he leads Tron, often viewed as a competing blockchain. Despite this apparent rivalry, he maintains ETH holdings and regularly praises Ethereum’s progress. The market’s response to Sun’s optimistic outlook remains to be seen, as Ethereum would need significant momentum to reach the predicted $5,000 level from its current price point. Featured image from Ethereum Foundation Blog, chart from TradingView
BTC Perp Futures Open Interest Surges Most Since Trump’s Crypto Reserve Disclosure
As bitcoin (BTC) and ether’s (ETH) recovery rally gathered momentum Tuesday, the perpetual futures market saw an even more pronounced increase in open interest, pointing to growing investor confidence as the Trump administration dialed back on its trade-tariff, anti-Fed rhetoric. BTC, the leading cryptocurrency by market value, rose 6.79% nearly topping $94,000 for the first time since March, CoinDesk data show. That’s the most significant single-day percentage gain since April 9. The Ethereum blockchain’s ether token jumped 11% to $1,1175, it’s best performance since April 2. The rally came as U.S. Treasury Secretary Scott Bessent discussed de-escalation in U.S.-China trade tensions, followed by President Donald Trump saying tariffs on Chinese goods will drop substantially from the present 245%. Trump further said he does not intend to fire Federal Reserve Chair Jerome Powell. The price surge was characterized by traders deploying money for perpetual futures trading on major offshore exchanges as evidenced by bigger increases in open interest at Binance, Bybit, OKX and Deribit and leading on-chain perpetual-focused decentralized exchange Hyperliquid. The cumulative notional open interest, or the dollar value of the number of active bets in BTC perpetual futures, rose by 10% to $17.83 billion, according to data source Velo. That’s the biggest single-day increase since March 2, when Trump mentioned XRP, ADA and SOL as potential candidates for a strategic digital assets reserve that would hold bitcoin and ether as the core. The administration later said it would keep bitcoin seized in enforcement actions as a reserve. “Bitcoin’s Open Interest surged faster than its Price, with most positions originating from Binance,” Joao Wedson, CEO of Alphractal Research, said on X. “The issue is that a large portion consists of Longs, so increased volatility is expected in the coming hours.” The price surge was likely aided by short squeeze, or unwinding of short perpetual futures bets. Funding rates were negative roughly 24 hours ago, implying a bias for shorts. BTCUSDT perp futures price on Binance and daily changes in open interest on major perp exchanges. (Velo) Ether’s notional open interest jumped nearly 16% to $6.60 billion, the largest single-day increase since Nov. 27. An increase in open interest alongside a price rise is said to confirm the bullish momentum. In other words, BTC and ETH could continue to rise. ETHUSDT perp futures price on Binance and daily changes in open interest in major perp exchanges. (Velo) Funding Rates Bullish The bias for bullish long positions is also evident from the moderately positive annualized perpetual funding rates, ranging between annualized 5% to 10% for BTC and ETH. Funding rates, charged every eight hours, are payments exchanged between traders holding long and short positions in perpetual futures. They are designed to ensure the contract price stays close to the underlying asset’s spot price. A positive funding rate implies that traders are more inclined and willing to pay fees to hold long positions. As such, it’s considered a sign of bullish sentiment. However, excessively high funding rates can indicate overcrowding or bullish speculative fervor, but that’s not the case right now.
BTC, ETH, DOGE News: Bitcoin, Ether, Dogecoin Surge Spurs $500M in Short Liquidations
Futures bets against higher crypto prices lost over $500 million in the past 24 hours as a surge higher, buoyed by a possible cooldown of China tariffs by the U.S., led to the largest short liquidations since October. Bitcoin (BTC) rose from Tuesday’s low of $88,000 to above $93,500 in Asian morning hours, data shows, leading a jump in the broader market with ether (ETH), Cardano’s ADA and dogecoin (DOGE) up 14%. Solana’s SOL and XRP rose 7%, with all tokens in the top hundred by market cap in the green. Meanwhile, Sui Network’s SUI, UniSwap’s UNI and Near Protocol’s showed strength with gains of as much as 18%. Memecoin mog (MOG) rocketed 30%, continued its tendency to act as a beta bet to ETH’s move. Nearly $530 million in shorts, or bets on lower prices, booked losses amid a general unwinding of leveraged bets. Data shows that most short liquidations took place on Bybit at $234 million, followed by Binance at $100 million and Gate at nearly $70 million. The largest single liquidation order happened on Binance, an ETH futures position that was worth over $4.5 million. Liquidations occur when an exchange forcefully closes a trader’s leveraged position owing to a partial or total loss of the trader’s initial margin. It happens when a trader cannot meet the margin requirements for a leveraged position, that is, when they don't have sufficient funds to keep the trade open. An uptick in crypto markes came as Trump said he planned to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal — a sign that may temper an ongoing cautious sentiment among traders. “Fears of an escalating trade war have abated as traders largely see the U.S. and China coming to a trade agreement in the coming weeks,” Jeff Mei, COO at BTSE, told CoinDesk in a Telegram message. “Whether or not this will be temporary remains to be seen.” “But what the last couple of weeks has shown us is that the likelihood of rate cuts and a depreciating U.S. dollar are high, which explains bitcoin's surge. If the U.S. dollar is weakening, there aren't many other currencies to turn to as many other countries may also depreciate their currencies. This could pave the way for bitcoin to become a major store of value,” Mei added.
BTC, XRP, ADA Price Analysis: Bitcoin Pops Above $88K on Yen Strength, Trump-Powell Drama
Bitcoin (BTC) held steady above $88,000 early Tuesday as the Japanese yen crossed the psychological level of 140 against the U.S. dollar, as tariff concerns and risks of a Federal Reserve chairman shuffle in the states broadened the appeal of safe-haven assets. Yen rose nearly 1% to 139.93 against the dollar, its strongest level since September. Gold surged to fresh highs at $3,494 per ounce in Asian morning hours. Per reports, Trump is blaming the Fed for the economic fallout from the trade war if the central bank doesn’t cut rates soon — and firing the chief usurps the appearance of independence the Federal Reserve currently enjoys. BTC added just over 1% to continue a steady rise since Sunday. Ether (ETH), Cardano’s ADA, XRP, and Solana’s SOL showed signs of profit-taking with declines of as much as 3%, CoinGecko data shows. Kaspa’s KAS and Polygon’s POL rose as much as 9% to lead gains among mid-caps, albeit on no immediate catalysts. Traders pointed out that gains in bitcoin amid global ongoings were cementing its place as a possible risk-off asset. “Today’s rise is further evidence of bitcoin’s growing role as a risk-off asset,” Gerry O’Shea, Head of Global Market Insights at Hashdex, told CoinDesk in an email. “In the last five years, bitcoin has had double-digit returns in the months following major geopolitical and macro events such as the COVID pandemic, Russia’s invasion of Ukraine, and the U.S. banking crisis in 2023.” “Gold is now trading at its nominal all-time high, which could foreshadow strong performance from bitcoin if investors’ appetite for risk-off assets increases — while global liquidity is increasing and the US regulatory environment is rapidly improving,” O’Shea added. Surging gold prices and bitcoin’s (BTC) relatively strong price action amid a global market sell-off have some traders revisiting the latter’s role as “digital gold” — a big narrative in bitcoin’s early years but one that has lost steam in recent times. What analysts are saying Meanwhile, chart watchers say bitcoin crossed a key technical indicator this week that puts it in place for a higher move in the coming days. “Bitcoin jumped to 87,500 on Monday, testing the late March highs,” Alex Kuptsikevich, the FxPro chief market analyst, told CoinDesk. “The leading cryptocurrency managed to bounce off the 50-day moving average, around which it had been hovering for the past week and a half.” “A solid close above the $88,000 area would signal a break in the downtrend and a return to levels above the 200-day moving average. A confident move higher from current levels would be a key signal for the entire market, once again positioning BTC as the flagship set to lead the way,” Kuptsikevich added. Moving averages in financial markets are tools used to smooth out price data over time, showing the average price of an asset (like a stock) over a specific period. The 50-day and 200-day moving averages are commonly used because they represent medium- and long-term trends, respectively. These periods are widely followed, making them self-fulfilling as many traders act on them, reinforcing their importance. Here’s what a machine’s read of the market is, powered by CoinDesk’s AI-driven market insights bot. ADA Price Analysis ADA broke key resistance at $0.630 amid broader crypto market recovery. Grayscale’s spot ADA ETF filing sees approval odds jump to 61%, potentially opening doors for institutional investment. Clear bullish reversal starting April 21, with volume significantly increasing to over 68 million during the breakout candle. Fibonacci retracement levels suggest potential continuation toward $0.650. XRP Price Analysis XRP established a clear uptrend with a 3.4% overall range ($2.039-$2.143) over the analyzed period. Strong support identified at $2.06, with buyers consistently stepping in at this level. Significant breakout occurred on April 21, when XRP surged 4.3% in just two hours, breaking through previous resistance at $2.09. Volume analysis confirms genuine buying interest, with trading activity spiking to over 100M during breakout periods. ETH Price Analysis Ethereum enters historical “buy zone” according to analyst Ali Martinez, with ETH trading below the lower MVRV Price Band—a metric that has previously signaled strong buying opportunities. ETH currently trades in tight consolidation between $1,550-$1,630, with critical support at $1,500 and resistance at $1,700, as investors await a decisive breakout amid global economic pressures. Clear support level established at $1,570 with resistance at $1,650, with trading volume spiking to 490,365 during the recent selloff. The 48-hour price range of $1,544-$1,593 (3.1%) suggests continued market instability. Fibonacci retracement levels indicate potential consolidation between $1,565-$1,590 before establishing a definitive trend direction.
Gas On Empty: Ethereum Fees Fall To 2019 Levels—Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum transaction costs have fallen to their lowest point in five years. The drop comes as users pull back from the network amid economic concerns, according to data from Santiment, an on-chain analytics platform. Related Reading Ethereum Transaction Costs Plummet To Just 17 Cents The average fee to process a transaction on Ethereum now stands at approximately $0.168. This steep decline matches a pattern of reduced activity, with fewer people sending Ether or using smart contracts on the blockchain. Brian Quinlivan, marketing director at Santiment, explained the situation in an April 17 blog post. Market Uncertainty Keeps Traders On Sidelines According to Quinlivan, low network fees often appear before price rebounds. However, many traders seem to be waiting for global economic questions to clear up before they return to their normal trading patterns. 🚨💸 BREAKING: Ethereum fees are at a 5-year low, with transactions currently costing just $0.168. This is the cheapest daily cost of making $ETH transfers since May 2, 2020. We briefly break this down in our latest insight. 👇https://t.co/fg5CfRgsHn pic.twitter.com/QlLwyzdm1F — Santiment (@santimentfeed) April 16, 2025 Hesitation continues after market worries that had started from April 2 with US President Trump announcing sweeping tariffs. Traditional markets turned out to be hit alongside cryptocurrency, where most assets languish below pre-announcement values. Pectra Upgrade Set For Launch On May 7 Despite this market crisis, Ethereum development is on the move. Pectra is finally scheduled to go live on May 7 after some delays owing to the configuration hiccups as well as an unknown attacker causing problems during the testnet trials. The first part of Pectra will bring numerous enhancements to the network such as an increase to layer-2 blob capacity from three to six, transaction fee reduction, alleviation of network congestion, and also allow users to pay fees with stablecoins like USDC and DAI. The upgrade will also increase the maximum staking limit from 32 ETH to a much larger 2,048 ETH. ETH is currently trading at $1,593. Chart: TradingView A second phase planned for late 2025 or early 2026 will add new data structures for better storage efficiency. It will also create a system that helps nodes verify transaction data without storing the entire dataset. Long-Term Holders Begin Selling Positions Meanwhile, data from Lookonchain shows that long-term Ethereum holders are now selling their positions, even after holding through previous market cycles. These sales are happening in the $1,500 to $1,700 price range. After holding $ETH for 11 months, this guy capitulated and sold all 1,160 $ETH($1.83M) at a loss of $2.6M(-58.6%)! 11 months ago, he withdrew 1,160 $ETH($4.43M) from #OKX at $3,816, and deposited it to #OKX at $1,580 ~30 minutes ago, losing $2.6M(-58.6%).… pic.twitter.com/Cl0ebXie1f — Lookonchain (@lookonchain) April 16, 2025 The selling activity has created mixed signals for market watchers. Some analysts view this as a warning sign of a potential sell-off ahead. Others believe it could lead to market stabilization. Source: Lookonchain Related Reading This selling comes at an interesting time, with network usage at multi-year lows but major technical upgrades on the horizon. Based on Quinlivan’s assessment, reduced retail interest combined with ongoing development could create conditions for “an eventual surprise rebound with little resistance.” Ethereum price has dipped by more than 11% over the last two weeks. Based on figures from CoinMarketCap, this cryptocurrency is now trading just below $1,600. The price has remained unchanged over the last 24 hours. Featured image from Capital One, chart from TradingView
Boosting Ethereum: Bankless Cofounder Lays Out New Vision For Price Surge
The price of Ethereum has fallen on tough times during the second quarter of 2025, dipping to a low of $1,415 before somewhat recovering to linger around the $1,500 level. Crypto analysts are now offering their thoughts on what is driving the largest altcoin’s recent woes. Bankless Cofounder Points To Community Attitude Problems David Hoffman, a co-founder of Bankless, has turned to social media site X to opine about Ethereum’s price issues. In Hoffman’s view, the actual problem isn’t what most mainstream critics have their attention on – rather, he thinks that Ethereum’s leadership and community culture are driving users away. Hoffman pointed to two particular instances of this issue: public expulsion of ETH staking platform Lido Finance and the brutal treatment of some traders who were referred to as “degenerate.” He asserts these actions demonstrate a trend of alienating users and builders on the network. ‘Stop Policing Behavior,’ Hoffman Says The cryptocurrency executive contends that Ethereum’s effort to manage user activity on what is supposed to be a permissionless blockchain has emerged as a central reason for its price drop. Everyone is midcurving why ETH’s price performance has sucked Ethereum leadership and culture have alienated users and builders by being hostile to its own app layer. We publicly exorcised @LidoFinance. We’ve shunned traders and degens. On a permissionless chain, we’ve tried… — David Hoffman (@TrustlessState) April 12, 2025 “If we want ETH to grow, the EF and larger community need to begin bringing in users and builders, not driving them away with a holier-than-thou culture,” Hoffman wrote in his post. According to reports, the Lido Finance platform has in the past received strong criticism from the Ethereum community regarding regulatory issues, centralization, and security concerns. On the other hand, some traders were accused of creating high gas prices and failing to back long-term projects. Ethereum Price Indicates Signs Of Recovery In spite of all this, Ethereum’s price has demonstrated a little life in the form of a 3% jump within a 24-hour time frame. This arrives at a vital juncture, as ETH had reportedly reached a five-year low in correlation to Bitcoin. There are some believers among the community. Leo Glisic is one of them who hopes for positive upside on Ethereum given its position as “infrastructure” for the future global financial system. In the opinion of Glisic, “Ethereum will be the settlement and interoperability layer, which is a winner-take-all market.” Featured image from Pexels, chart from TradingView
Ethereum Capitulation Nearing Its End? Key On-Chain Metric Reveals Insights
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. According to a recent X post by seasoned crypto analyst Ali Martinez, Ethereum (ETH) may have already gone through its capitulation phase for this market cycle. Notably, the second-largest cryptocurrency by market cap is down more than 55% over the past year. Is Ethereum Capitulation Over? Unlike Bitcoin (BTC) and altcoins such as XRP, Solana (SOL), and SUI, Ethereum has endured a challenging two-year stretch. The cryptocurrency was trading at $1,892 exactly two years ago, on April 11, 2023, and is now priced around $1,560 – over 17% lower. Related Reading In contrast, BTC has surged from approximately $41,000 two years ago to $82,127 at the time of writing – an increase of nearly 100%. While SOL currently trades below its April 2023 price, unlike ETH, it did manage to reach a new all-time high (ATH) of $293 earlier this year in January. Understandably, sentiment toward ETH – among both retail and institutional investors – is hovering near all-time lows. However, Martinez believes that “smart money” may be accumulating at current levels, anticipating a near-term reversal. The analyst pointed out that Ethereum’s Entity-Adjusted Dormancy Flow has recently dropped below one million. Martinez added: This historically indicates a macro bottom zone, meaning $ETH might be undervalued and long-term holders are less inclined to sell. It also suggests: sentiment is low, capitulation may have occurred, smart money might be accumulating. Source: ali_charts on X For the uninitiated, Ethereum’s Entity-Adjusted Dormancy Flow is an on-chain metric that compares the market cap to the dormancy – the average age of ETH being moved – adjusted for unique entities instead of raw addresses. The metric helps identify whether the market is overheated or undervalued by tracking the behavior of long-term holders. If ETH follows historical trends, it may be approaching a momentum reversal. In a separate X post, crypto trader Merlijn The Trader suggested that Bitcoin Dominance (BTC.D) is nearing a peak, which could shift capital into altcoins and trigger a short-term rally. Source: Merlijn The Trader on X At the time of writing, BTC.D stands around 63.5%. A potential pivot by the US Federal Reserve toward quantitative easing (QE) could inject fresh liquidity into the market, possibly sparking a mini altcoin rally. Source: Bitcoin Dominance on TradingView.com ETH Demands Cautious Optimism While there are multiple signs that ETH may be close to bottoming out, some indicators suggest that there could be continued weakness for the digital asset before any meaningful momentum shift. Related Reading In a recent analysis, Martinez warned that ETH could fall as low as $1,200 if the current sell-off continues. Further, ongoing capital outflows from US-based spot Ethereum exchange-traded funds (ETF) remain a concern for the asset’s short-term outlook. That said, crypto analyst NotWojak recently noted that ETH may be on the verge of a breakout, with a potential upside target of $1,835. At press time, ETH is trading at $1,557, down 2.3% in the past 24 hours. ETH trades at $1,557 on the daily chart | Source: ETHUSDT on TradingView.com Featured image created with Unsplash, charts from X and TradingView.com
Ethereum Nears ‘Critical Zone’ Historically Linked To Market Bottoms – Is A Rebound Incoming?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. According to a recent X post by crypto analyst Ali Martinez, Ethereum (ETH) is inching closer to a critical demand zone that has historically marked market bottoms. Notably, ETH has declined by more than 21% over the past two weeks. Ethereum About To See Trend Reversal? Ethereum may soon witness a relief rally, as the second-largest cryptocurrency by market cap nears a key demand zone that has historically marked market bottoms and offered strong buying opportunities. Related Reading Sharing his analysis, Martinez posted the following chart, illustrating how ETH is likely approaching the -1 standard deviation pricing band based on Market Value to Realized Value (MVRV) Extreme Deviation Pricing Bands. Source: ali_charts on X According to the chart, the -1 standard deviation pricing band lies around $1,387, while ETH’s realized price hovers around $2,005. The last time ETH touched this band – back in July 2022 – it marked a local market bottom. For the uninitiated, MVRV Extreme Deviation Pricing Bands are on-chain metrics that help identify potential market tops or bottoms by measuring how far ETH’s current market value deviates from its realized value. These bands highlight historically significant overvalued or undervalued zones, often aligning with periods of extreme investor sentiment or price reversals. As ETH nears the -1 standard deviation pricing band, it suggests the asset may be significantly undervalued at its current price. Fellow crypto analyst TraderPA appears to support Martinez’s view. In an X post, TraderPA shared a weekly Ethereum chart showing that ETH’s price decline aligns with a low Stochastic Relative Strength Index (RSI) value – indicating the cryptocurrency may be oversold following the recent sell-off. Source: TraderPA on X The Stochastic RSI is a momentum indicator that applies the stochastic oscillator formula to RSI values rather than price, making it more sensitive and responsive to short-term movements. Unlike the standard RSI – which ranges from 0 to 100 – the Stochastic RSI ranges between 0 and 1, helping traders identify overbought or oversold conditions. Whales Losing Confidence In ETH While Martinez and TraderPA’s analyses suggest ETH may be undervalued, recent whale activity points to a possible loss of confidence. A previously dormant ETH whale dumped 10,702 ETH after nearly two years of inactivity, signaling weakening conviction among large investors. Related Reading Interestingly, the whale had originally received ETH back in 2016, when it was valued at just $8. Despite holding through the 2021 peak near $4,000, the recent price drop seems to have triggered a significant sell-off. Additionally, Martinez’s latest analysis suggests that ETH could drop to $1,200, as the asset continues to break below multiple key support levels. At press time, ETH trades at $1,553, up 5.5% in the past 24 hours. ETH trades at $1,553 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, charts from X and TradingView.com
Ethereum May Be Headed To $1,200 – Can ETH Make A Comeback? Analysts Explain
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum (ETH) has plunged 30% over the past two weeks, reflecting broader weakness across the crypto market as the global economy reels from escalating tariff wars. Crypto analyst Ali Martinez warns that ETH could fall even further in the near term, potentially testing the $1,200 level. More Pain For Ethereum, But A Recovery Is Possible Ethereum continues to struggle amid global economic pressures. The world’s second-largest cryptocurrency by market cap has dropped another 8.3% in the past 24 hours and is currently trading in the mid-$1,000 range. Related Reading Commenting on the recent price action, seasoned analyst Martinez highlighted that ETH could find key support at the $1,200 mark. He shared the following daily chart of ETH, showing how the digital asset has broken through multiple support levels since December 2024, when it was trading near $4,000. ETH may be heading to $1,200 after breaking through multiple support levels | Source: ali_charts on X Meanwhile, renowned analyst Carl Moon noted that ETH is currently trading below its realized price of $2,000. He pointed out that the last time this occurred – back in March 2020 at the height of the COVID-19 pandemic – ETH had dropped from $289 to $109. Source: Carl Moon on X On a more optimistic note, Moon added that ETH recovered swiftly after that steep decline. Based on historical trends, the current price level could present a potential buying opportunity for long-term investors. For those unfamiliar, the realized price for accumulation addresses – as shown in the above CryptoRank chart – represents the average price at which long-term holders acquired ETH. This metric has historically acted as a strong support zone. Is ETH About To Surprise The Market? With market sentiment approaching historical lows, confidence in ETH appears to be dwindling. The Ethereum Fear & Greed Index currently sits at 20, indicating “extreme fear” among investors. Related Reading Despite the bearish mood, some on-chain metrics and historical patterns suggest ETH could be on the verge of a strong bullish reversal – potentially catching investors off guard. For example, crypto analyst Mister Crypto recently drew a comparison between ETH’s current price action and that from 2020, suggesting that Ethereum could embark on a price rally by Q2 2025. Similarly, Ethereum’s Market Value to Realized Value (MVRV) Z-score hints that ETH may be undervalued at current price. The last time it was this undervalued – in October 2023 – it witnessed a sharp rally of 160%. That said, not all indicators are bullish. Rising ETH exchange reserves continue to raise concerns about potential sell pressure from holders. At press time, ETH is trading at $1,457, down 8.3% over the past 24 hours. ETH trades at $1,457 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, charts from X and Tradingview.com
Why are BTC, ETH, XRP, SOL Down Today? Traders Eye $70,000 Bitcoin as Tariffs Take Effect
Bitcoin (BTC) dipped to nearly $75,000 early Wednesday, before slightly recovering, as Trump’s sweeping global tariffs went into effect on Wednesday. Ether (ETH) dived 10%, leading losses among major tokens, with xrp (XRP), dogecoin (DOGE), BNB Chain’s BNB, Solana’s SOL and Cardano’s ADA down more than 5%. Overall market capitalization decreased 6%, extending a 7-day slide to nearly 15%. Smaller tokens showed even deeper losses, with trendy upstart Berachain’s BERA down 20% and memecoins bonk (BONK), pepe (PEPE) and floki (FLOKI) down more than 9%. Traders’ retreat from crypto majors continued, reversing all gains from Tuesday’s relief rally as Trump pushes forward efforts to drastically reorder global trade. Tariffs on any Chinese goods were hiked to 104%, along with import taxes on over 60 trading partners. U.S. treasuries extended their selloff, with 30-year yields soaring more than 20 basis points to 4.98%. That’s a U-turn from the usual safe haven status that bond investors enjoy and a deeply worrying sign for traders. Some market watchers speculated the sell-off may have been caused by a forced liquidation of a large player. “Since Friday’s close to now the 30-year yield is up 56 bps, in three trading days,” Jim Bianco, the well-followed founder of Bianco Research, said in an X post. “The last time this yield rose this much in 3 days (close to close) was January 7, 1982, when the yield was 14%.” “This kind of historic move is caused by a forced liquidation, not human managers make decisions about the outlook for rates at midnight ET,” he added. Something has broken tonight in the bond market. We are seeing a disorderly liquidation. If I had to GUESS, the basis trade is in full unwind. Since Friday’s close to now … the 30-year yield is up 56 bps, in three trading days. The last time this yield rose this much in 3… pic.twitter.com/IS6qog4uog — Jim Bianco (@biancoresearch) April 9, 2025 Rising yields mean bond prices are falling and increase the cost of borrowing for the U.S. government, which could exacerbate the federal deficit, already strained by heavy debt levels. Investors worry that a prolonged trade war could weaken global trade, disrupt supply chains, and slow U.S. economic growth. This could further pressure U.S equity markets and bitcoin, which tends to mirror the ebbs and flows of U.S. markets. The current selloff suggests the market is pricing in inflation now, but prolonged uncertainty could flip this dynamic. Bears take charge Meanwhile, some traders are eyeing a bitcoin drop to as low as $70,000 in the near term amid the tariff escalations, a move that could further pressure crypto majors. “For investors, the short-term outlook calls for caution, while a further drop to $70,000–$75,000 for Bitcoin is possible if trade tensions escalate, yet this dip presents a buying opportunity for the long haul,” Ryan Lee, Chief Analyst at Bitget Research, told CoinDesk in a Telegram message. “Dollar-cost averaging into Bitcoin is a prudent move now, with an eye on altcoins like Solana for higher-risk upside later.” Lee remained upbeat for recovery to peak prices if the situation lightens in the coming months. “If macro conditions stabilize or pro-crypto policies emerge, we could see Bitcoin hit $95,000–$100,000 by late 2025, lifting the market cap past $3 trillion again. While tariff pressures and a risk-off sentiment have hit altcoins hard, Bitcoin’s resilience and rising dominance near 60% suggest the ecosystem’s fundamentals remain solid, supported by institutional adoption and long-term tailwinds like the halving cycle,” he added.
Is Ethereum Repeating Its 2020 Trend Reversal? Analyst Predicts ETH To ‘Explode’ In Q2 2025
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Although sentiment toward Ethereum (ETH) remains largely pessimistic, crypto analyst Mister Crypto predicts that the second-largest cryptocurrency by market cap could be on the verge of a parabolic rally, mirroring its historical price action from 2020. Ethereum About To Witness A Change Of Fortune? Following US President Donald Trump’s highly anticipated reciprocal tariff announcement, the crypto market took a sharp plunge, wiping out over $140 billion in the past 24 hours. During this period, ETH tumbled by 5% and is at risk of setting fresh cycle lows in the $1,700 range. Related Reading Despite the negative sentiment, crypto analyst Mister Crypto suggests that ETH may soon experience a sharp momentum shift. In an X post shared earlier today, the analyst noted that while retail investors may have abandoned ETH, large investors – commonly referred to as whales – have not. Mister Crypto shared the following chart, highlighting striking similarities between ETH’s current price action and its 2020 trajectory. He added that if history repeats itself, ETH could see strong bullish momentum in Q2 2025. Source: Mister Crypto on X Fellow crypto analyst CryptoGoos echoed Mister Crypto’s perspective, arguing that ETH is “extremely undervalued” at its current price levels. The analyst also shared a chart illustrating how ETH whales are accumulating the asset at a record pace. Whales have been accumulating ETH at an increasing pace in 2025 | Source: CryptoGoos on X The data reveals that wallets holding between 10,000 and 100,000 ETH have been accumulating at an accelerated rate since early 2025. This trend persists despite ETH’s decline from approximately $3,350 on January 1 to around $1,700 at the time of writing. Another cryptocurrency analyst, Crypto Caesar, noted that ETH is likely approaching a bottom, as it is currently trading near the same price level it held four years ago. However, he cautioned that if ETH breaks below its current support, it could decline further to the $1,200 range. ETH May Have More Pain Ahead While whale accumulation suggests long-term optimism for ETH, some analysts warn that further downside may be imminent before a potential recovery. In a recent analysis, crypto market expert Cryptododo7 predicts that ETH may eye bearish targets around $1,130 to $1,200. Related Reading Similarly, analyst CryptoBullet highlighted that ETH has now touched the 300-week moving average for only the second time in its history – an event that has historically signalled a bearish trend. Despite these cautionary outlooks, market commentator Titan of Crypto recently stated that ETH is still on track to reach new all-time highs later this year. At press time, ETH trades at $1,777, down 5% in the past 24 hours. ETH trades at $1,777 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, charts from X and Tradingview.com