THE LATEST CRYPTO NEWS

After receiving a considerable backlash in the market recently, US President Donald Trump’s meme coin found an unlikely ally: Ark Investment’s CEO Cathie Wood. Related Reading: Crypto Traders Wrecked As Trump’s Tariffs Spark $2 Billion Liquidation In an interview with Bloomberg, Cathie Wood boldly claimed that launching Trump’s meme coin is good for the industry and signals a paradigm shift. Wood claimed its launch was a “meme coin moment” and would help the crypto industry establish its claim as a legitimate digital asset. She further compared Trump’s meme coin launch to the initial coin offerings (ICO) campaigns for 2017. During this period, thousands of crypto projects raised huge amounts, paving the way for creating popular projects like Chainlink, the EOS network, and Ethereum. TRUMP Meme Coin: Relying On A ‘Meme-Only’ Utility President Donald Trump surprised the broader crypto market by launching his official cryptocurrency on the Solana blockchain last January 17th. As expected, the TRUMP token surged immediately after listing and gained plenty of attention when Trump officially took office. Then, the token hit an all-time high of $77 days after its debut in the market. However, the TRUMP token failed to sustain its impressive price surge and soon dropped massively. The token is currently trading at around $17, putting into question the asset’s use cases. According to Cathie Wood, the only confirmed use case for this meme coin is its connection with the current US president. Still A No-Buy For Cathie Wood Interestingly, Wood issued a few statements about the Trump coin in January. Just days after the coin’s launch, Wood said the project lacked a real-world use case and that she’s staying away from meme coins. Today, Wood sings a different tune and sees potential value for the TRUMP coin. In the same Bloomberg interview, she shared one rumor that holders will be allowed to meet President Trump. However, Wood’s statement remains unconfirmed and just pure speculation. Related Reading: Trump Effect? Solana Stablecoin Supply Jumps 73% Since Mid-January Wood, Ark Investment Focused On Top Cryptos Although Wood appreciated the role of the TRUMP token in ushering in a new era for crypto, she insisted that she would not invest in meme coins. She added that her company has generally avoided meme coins for their lack of use cases. Instead, Ark Investment is focused on the top cryptocurrencies like Bitcoin. In addition to Bitcoin, Wood is looking at Solana and Ethereum for their role in DeFi projects and smart contracts, which will have plenty of use cases in the future. Featured image from Protos, chart from TradingView

Remember the TRUMP meme coin that soared to over $5 billion market value immediately after President Donald Trump took his oath? Well, it’s currently on a downtrend. It’s trading slightly above $17, down nearly 18% from its previous day’s close. The token’s latest price action came when President Trump took matters into his own hands and shared a post about the token on Truth Social. Related Reading: Crypto Traders Wrecked As Trump’s Tariffs Spark $2 Billion Liquidation On its weekly chart, TRUMP is down 35% and 70% from its all-time high, suggesting a bleak outlook for its holders and investors. It’s Going Down For TRUMP Holders The broader crypto industry is in the red right now, led by Bitcoin, which has dropped to $95k. Other cryptocurrencies are suffering in the current market, but the $TRUMP token gets special mention for its unique circumstances. It was reported that the token’s crash happened right after the President shared a post on his Truth Social account. Also, his administration has been fending off criticisms after announcing the new tariff policy. Immediately after the post went public, TRUMP’s price dipped by more than 13%, dropping below $20. The token enjoyed a huge run two weeks ago, hitting an all-time high of $73.43. Also, data suggests that trading volume for the asset has increased by 65%, valued at $3.4 billion, as holders move to sell. TRUMP Is Highly Volatile, Holders Contemplate Next Move After hitting a low of $18.75, the token made a few gains to trade above $21. However, it is back at the $17 level, suggesting that it’s currently highly volatile and testing the patience of most traders and holders. According to Coinglass’ derivatives data, TRUMP’s open interest has decreased by over 13% to $720 million, while 24-hour liquidations have increased to over $15 million, with long liquidations totaling $11 million. For many experienced traders, the token’s brief dip below $20 is a buying opportunity. Captain Faibik, a popular crypto analyst, has joined the conversations suggesting to “buy the dip.” According to Faibik, the token’s falling wedge is still active, and he expects a strong recovery from it. Buying the $TRUMP dip! Falling wedge is still in play, expecting a strong bounce back..#Crypto #TRUMP #TRUMPUSDT pic.twitter.com/s1juQeskgY — Captain Faibik ???? (@CryptoFaibik) February 2, 2025 Related Reading: Bitcoin Bull Market At Risk If Key $97,000 Support Level Fails To Hold, Analyst Warns A Trump Pump And A Possible Bounce Back? In crypto, the falling wedge often indicates a potential price breakout. Many $TRUMP holders are using this chart to argue that a surge for this token is happening soon. Crypto expert Edward Morra also shared his thoughts, saying that the token has recovered from the $20 level and predicted it’s now on the way up. He admitted that $TRUMP went deeper than expected, but he shared that he bought the dip and is now looking at its bullish potential. Over at Truth Social, President Trump shared a post in support of his token, an obvious ploy on marketing. However, many observers criticized this move from the president, saying that the “pump” may soon lead to a “dump”. Featured image from Pexels, chart from TradingView

Analysts anticipate a potential breakout to $36, as Chainlink (LINK) is currently exhibiting robust upward momentum. In recent weeks, large investors, more commonly known as “whales,” have been aggressively accumulating LINK. Their increasing interest indicates that they are optimistic about the asset’s long-term potential. However, is this rally enduring, or is it merely another brief surge? Related Reading: 21Shares Bets On Polkadot, Files For Spot ETF With SEC Chainlink: Strong Whale Appetite Data shows that large investors (whales) have been steadily buying more LINK when the price is between $17 and $21. In the past, when large buyers acted like this, it often led to big price raises. When many whales gather, it can lower the amount offered in the market, causing a supply shortage. $Link #Link So Far So Good, Resistance Breakout, & Retest Has Already Confirmed, & Consolidating In This Region For A While, Now Expecting That Link Will Target 35-36$ In Next Couple Days, & Once This Resistance (35-36$ Got Cleared) We May See New Ath Within Couple Of Days… https://t.co/ImtBG8LINT pic.twitter.com/MWjibmqSGW — World Of Charts (@WorldOfCharts1) January 31, 2025 Simultaneously, smaller investors have begun to take heed. The demand for LINK in the retail sector has increased, as the purchasing pressure has surpassed the selling activity. In the upcoming weeks, LINK may experience an increase in value as a result of the combination of institutional and retail accumulation. Spot-Driven Rally Decreases Risk Unlike other LINK price spikes, this jump is not driven by too great leverage. On-chain data indicate that the rise is spot-driven, meaning demand comes from direct purchases instead of speculative futures contracts. This raises the rally’s longevity by lowering the likelihood of a precipitous drop brought on by liquidations. Still another important consideration is the lack of significant short holdings against LINK. When traders create high-leverage short positions, sudden price gains can cause short squeezes, which can drive prices even more upward. Given leverage is low, organic market demand seems to be the main reason behind LINK’s present movement instead of synthetic price pumps. Breaking Critical Resistance Levels The technical analysis indicates that LINK has effectively penetrated numerous resistance levels. Following a period of consolidation within the $21–$22 range, the token advanced toward $24, thereby establishing the foundation for additional gains. The next potential target range for LINK, according to CoinCodex, is $27, provided that it maintains momentum and remains above its critical support zones. Related Reading: Stablecoins Hit $200 Billion—Does This Signal A Massive Crypto Rally? Nevertheless, obstacles persist. LINK could be subject to short-term volatility if Bitcoin experiences a pullback. However, the favorable trajectory of LINK may persist if the broader market sentiment remains positive. Chainlink Upward Trajectory: Will It Continue? Chainlink’s long-term viability is bolstered by its increasing prevalence in blockchain infrastructure and decentralized finance (DeFi). Technical breakouts, whale accumulation, and organic demand all indicate that prices will continue to rise. At the time of writing, LINK was trading at $22.37, down 9.1% and 11.4% in the daily and weekly frames. Featured image from Pixabay, chart from TradingView

Ethereum is still showing signs of upward momentum if you know where to look. The leading altcoin is now in a bullish expansion phase, with analysts predicting that its price could surge past key resistance levels in the coming weeks. According to crypto analyst Ted Pillows, Ethereum has entered a bullish expansion phase and is on the verge of a major rally that could push it beyond $4,000 in the short term and to new all-time highs by March. Bullish Expansion Puts Ethereum At $4,500 In February According to Ted, Ethereum has transitioned into its expansion phase after completing two preceding phases of accumulation and manipulation. These phases were mapped out on the 3-hour candlestick timeframe and unfolded in the last two weeks of January.  Related Reading: Ethereum Price Eyes $4,000 With Rising Channel Pattern The accumulation phase was highlighted by Ethereum trading in a range between the upper and lower ends of $3,520 and $3,185, respectively. Following this accumulation phase, Ethereum entered a brief but volatile manipulation phase between January 27 and January 29 before eventually rebounding at the $3,000 mark.  On January 30, Ethereum officially broke out of the manipulation phase, marking the beginning of the anticipated expansion phase. Ted believes this breakout is a key turning point, as it signals the start of a strong rally. With this expansion phase in mind, crypto analyst Ted predicted that the Ethereum price will rally to at least $4,500 in February before setting its sights on a new all-time high by March.  Notably, the analyst’s outlook is based on a combination of breakout from technical patterns and market sentiment, and he noted that Ethereum’s undervaluation is now coming to light.  ETH’s Breakout Hinges On The $4,000 Price Mark In a separate technical analysis, Ted highlighted that Ethereum is breaking out of a downward-sloping wedge pattern on the daily candlestick timeframe. Based on this pattern, he projected that ETH could reach $4,000 within eight to ten days after the breakout is fully confirmed. His forecast is grounded in Ethereum’s historical price movements, particularly referencing two similar breakouts in 2021 and 2024, both of which resulted in a 40% surge within the same time frame. Related Reading: Ethereum Price Forms Falling Wedge Pattern On 1-Day Chart That Suggests 20% Rally Is Coming In another analysis, Ted noted that Ethereum is forming higher lows in the longer timeframe. He emphasized that reclaiming the $4,000 mark is crucial right now, as doing so would pave the way for Ethereum to target new all-time highs. According to his projections, a decisive break above this key level will set the stage for Ethereum to reach between the $9,000 and $10,000 range over the next three to four months. Aside from technical indicators, Pillows pointed to the potential impact of Donald Trump’s involvement in Ethereum. He suggested that Trump’s continued accumulation of ETH could further fuel the rally. One such accumulation is the latest acquisition of $10 million worth of ETH by World Liberty Financial, a crypto company affiliated with Donald Trump and some of his family members. At the time of writing, Ethereum is trading at $3,261. Featured image from Adobe Stock, chart from Tradingview.com

Lido (LDO), a decentralized autonomous organization (DAO) that provides liquid staking solutions for Ethereum (ETH) and other proof-of-stake (PoS) blockchains, saw its token surge 20% in the past 24 hours. The token’s price jumped from $1.98 on January 30 to $2.37 at the time of writing. Kraken Reintroduces Staking Services In Select States On January 30, cryptocurrency exchange Kraken announced the relaunch of its staking services for US clients in 37 states and two territories. The exchange also noted plans to expand these services to additional states as regulatory conditions allow. Related Reading: Lido Finance Cements DeFi Lead, Expands To Optimism: Is LDO Undervalued? For the uninitiated, Kraken facilitates staking by delegating users’ staked tokens to network validators, who are responsible for transaction validation and block production. These validators then return rewards – minus fees – to clients who have staked their tokens with them. Commenting, Mark Greenberg, Global Head of Consumer at Kraken said the launch of this staking product in the US is a positive development for the entire US crypto industry. Greenberg added: Kraken serves as a bridge so people can access the crypto space and participate in an increasingly broad range of related activities from an interface and platform that they’re familiar with. Onchain staking is a key component of how we fulfill this role and we believe the resumption of staking in the US today will play a significant role in the development and mass adoption of crypto. Following the announcement, LDO experienced a sharp spike in buying activity, propelling its price above the psychologically significant $2 level. At the time of writing, LDO boasts a total market cap of $2.1 billion, making it the 63rd largest cryptocurrency by market capitalization. Lido Soars 20%, What Do The Analysts Say? LDO’s surge has caught the attention of crypto analysts, many of whom see further upside potential. Crypto analyst World of Crypto noted that LDO is breaking out of both a bullish pennant and a descending broadening wedge. A successful breakout could send the token to the $7–$8 range within a few weeks. Related Reading: Lido Finance (LDO) Is Down 18% In 7 Days, Time To Buy The Dip? Similarly, crypto analyst Daan Crypto pointed to $3 as a crucial resistance level for LDO to break. He attributed the token’s outperformance to investors positioning themselves ahead of the Ethereum staking narrative. They added: It’s just a matter of time before we’ll see the first ETH Spot ETF filing with staking included. That should kick off the ETH & staking narrative and should help boost the performance on these Liquid Staking Derivatives coins. As a token closely tied to Ethereum staking, LDO’s price trajectory remains heavily influenced by ETH’s performance. Fortunately for LDO holders, analysts remain optimistic about an upcoming Ethereum rally. Earlier this month, crypto analyst Mister Crypto remarked that ETH looks ‘bottomed out’, potentially getting ready for a strong rebound. At press time, LDO trades at $2.37, up 19.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

An unprecedented stablecoin supply of 73% has occurred on the Solana blockchain since the middle of January. A new initiative that has captured the attention of the crypto community, the $TRUMP memecoin, was launched at the same time as this spike. Related Reading: Ethereum Price Spikes 5% In A Day—Will the Rally Continue? Solana has been a significant actor in the crypto space for a long time; however, the release of this memecoin has sparked new interest, propelling the network’s stablecoin ecosystem to new heights. TRUMP Token Drives Significant Stablecoin Supply Increase Its launch spurred activity on Solana’s distributed markets and further investments into the network. More stablecoins are now available thanks to the rise of money entering the market, therefore enhancing Solana’s significance as a key blockchain for distributed finance. Its debut attracted new investments to the network and increased activity on Solana’s decentralized markets. The increase in money flowing into the market has led to more stablecoins being available, boosting Solana’s role as an important blockchain for decentralized finance. After Donald Trump launched his memecoin, $TRUMP, on Solana, the network saw a spike in money inflows, leading to record [decentralized exchange] trade activity, according to CCData. CCData reports that Solana has overtaken BNB Chain as the third-largest blockchain network in terms of stablecoin supply. It continues to fall behind Tron and Ethereum. SOLANA STABLECOIN SUPPLY SKYROCKETS 73% -WHAT’S DRIVING IT? Solana just hit $11.1B in stablecoin supply, jumping 73% since mid-Jan. Big catalyst? Trump’s memecoin ($TRUMP) triggering insane capital inflows + record DEX trading. Now Solana’s the #3 blockchain for stablecoins,… pic.twitter.com/9WAow0sKFd — IBC Group Official (@ibcgroupio) January 31, 2025 USD Coin Dominates Solana Stablecoin Market USD Coin (USDC) continues to be the most prevalent stablecoin asset in Solana, accounting for an impressive 78% of the network’s total stablecoin supply. The token’s widespread adoption across decentralized applications (dApps) and Solana’s ongoing relationship with Circle are both distinct indications of USDC’s dominance. In contrast, USDT, representing merely 12% of the stablecoin supply on Solana, bags the second place. This dynamic illustrates the impact of USDC’s preeminence on Solana’s stablecoin market, notwithstanding the sporadic appearance of alternative currencies like USDt. Solana’s Recent User Growth In addition to having an effect on Solana’s stablecoin market, the excitement around the $TRUMP token has significantly increased the number of on-chain users. Hundreds of thousands of new users have joined the Solana network in an attempt to join the $TRUMP frenzy. Related Reading: Dogecoin Open Interest Climbs To $4 Billion Again After Market Rebound This spike in activity has given the blockchain fresh life and led to higher transaction volumes and user engagement on Solana’s decentralized markets. $TRUMP is a perfect example of how novelty tokens can encourage new adoption, and it is clear that the memecoin movement is helping Solana’s general growth. Featured image from SolanaFloor, chart from TradingView

A well-known crypto analyst, Crypto Beast, has made a bold prediction about XRP future price trajectory, suggesting that it could reach $15 with ease under specific conditions. This interesting outlook comes amidst a consolidation of prices, which is now looking to regain momentum above $3. Banks Adopting XRP Could Send It To $15 Bitcoin was created to disrupt the traditional financial industry and compete with the existing global financial system. While many other early cryptocurrencies like Ethereum and Litecoin also built upon this premise, XRP took another approach. Its creators developed it as a solution for fast and efficient cross-border transactions, aiming to complement the existing financial infrastructure rather than replace it. Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 Despite its intended role in improving financial transactions, XRP has faced years of price struggles, with long periods of decline over multiple years overshadowing its utility. This lackluster growth led many traders to lose faith, with some dismissing it as a dying asset. Interestingly, despite regulatory challenges and market downturns, the asset remained one of the top-ranking cryptocurrencies by market capitalization throughout this period.  However, recent price rallies have breathed life into XRP. Particularly, this rally has seen the value of XRP grow massively since November 2024 and is now the third largest crypto in terms of market cap. This has seen sentiment around the altcoin shifting into a more optimistic direction, with some crypto analysts who doubted before now revealing bullish price targets for its price. One of these analysts is Crypto Beast, who recently shared a $15 price prediction for XRP. Speaking to his over 560,000 followers on social media platform X, Crypto Beast stated that XRP’s price could surge to $15 if banks worldwide fully integrate the token into their systems. Is $15 A Pipe Dream Or A Realistic Target There is a valid question of whether XRP can realistically trade at $15 given its tokenomics. As of now, XRP has a total supply of 99.9 billion tokens, with 57.7 billion coins currently in circulation. Its market capitalization stands at $177.6 billion, while its fully diluted valuation is around $307.8 billion. If XRP were to reach $15, its market cap would need to grow to approximately $865.5 billion, assuming no significant increase in circulating supply. This would also push its fully diluted valuation close to $1.5 trillion. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue Such a surge would place XRP ahead of Ethereum in market cap rankings and within striking distance of Bitcoin. On the surface, this might seem like a challenging milestone, but it could become feasible if the asset gains widespread adoption in cross-border payments and replaces current methods like SWIFT. Consequently, the token’s demand will increase significantly, driving sustained price growth. According to Changelly, the XRP price can reach the $15 target sometime around 2033. At the time of writing, the altcoin is trading at $3.08. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum appears to be regaining momentum, showing a notable recovery after reclaiming the $3,200 level. The asset has surged over 5% in the past day, pushing its market capitalization and daily trading volume higher. This recent movement has narrowed the gap between Ethereum’s current price and its all-time high to just 33%, giving investors reasons to pay closer attention. Various analysts have weighed in on the potential implications of this price action, offering a mix of short- and long-term outlooks. Related Reading: Ethereum’s Prolonged Consolidation: What Is Really Going On? Analyst Weighs In Analysts Discuss Key Levels and Future Targets Elite, a well-known crypto analyst, pointed out that Ethereum’s resilience came in the face of “hawkish signals” from the Federal Reserve. The analyst wrote: Despite the Fed’s hawkish signals yesterday, ETH broke past the $3,200 mark, showing impressive resilience. But that’s not all—on-chain activity is soaring. According to IntoTheBlock data, active Ethereum addresses have increased by 37% over the last few months, reaching 670,000—significantly surpassing the 400,000 level seen in early 2024. This sharp rise in network activity is viewed by some as an indication of growing demand and renewed bullish momentum as the new year unfolds. Several other analysts have also shared their perspectives on Ethereum’s price trajectory. WorldofCharts highlighted the cryptocurrency’s consolidation within a tight range, forming a bullish pennant. He suggested that a successful breakout from this pattern could propel Ethereum toward the $4,000 resistance area. This ascending triangle level, previously outlined in his analysis, may serve as a critical milestone for the asset’s upward trajectory. $Eth #Eth Consolidating Within Tight Range Of Bullish Pennant, Expecting Upside Breakout Soon, Incase Of Successful Breakout Ethereum Can Target 4000$ Area Ascending Triangle Resistance Area “Which I Shared Recently” https://t.co/Gq5sYBiKfA pic.twitter.com/B36VRnN9Qm — World Of Charts (@WorldOfCharts1) January 30, 2025 Ethereum On The Path To A $9,000 Rally? Another prominent analyst, Ted, emphasized that Ethereum’s higher lows on longer timeframes signal a strengthening bullish structure. He identified the $4,000 level as pivotal, predicting that its recovery could open the door to a new all-time high. Related Reading: Ethereum Price Struggles Against Resistance: A Tough Road Ahead Ted went even further, forecasting that Ethereum could reach $9,000 to $10,000 within the next three to four months if these bullish conditions persist. This optimism is supported by growing on-chain activity and sustained investor interest. Ethereum is forming higher lows on the longer timeframe. $4K remains the most crucial level, and the reclaim of that will send $ETH to new ATH. Once that happens, I’m expecting Ethereum to hit $9K-$10K within 3-4 months. Trump will buy more and more ???? pic.twitter.com/c3fFVXh8Xl — Ted (@TedPillows) January 29, 2025 Featured image created with DALL-E, Chart from TradingView

While the broader cryptocurrency market appears to be gradually recovering, Toncoin (TON) has yet to join the upward trend. Over the past week, TON has faced significant challenges, seeing its price dip by 5.4%. Amid this price performance, a CryptoQuant analyst has highlighted signs of a potential reversal, especially as recent data sheds light on underlying market dynamics that could impact the coin’s near-term trajectory. Related Reading: Is Toncoin Price Gearing For A Rebound At $5? This On-Chain Metric Suggests So Toncoin Open Interest and Potential Reversal Signals The CryptoQuant analyst Joao Wedson has provided an intriguing perspective. In a recent post titled “TON: Signs of a Reversal?” Wedson highlighted a pattern within the open interest data that could hint at a price rebound. This analysis comes at a critical time, with market participants seeking any indicators that TON might stabilize and regain lost ground. Wedson’s analysis centers around the weekly variation in Toncoin’s open interest—a measure of the total number of outstanding derivatives contracts on the asset. According to the data, the open interest delta has shown a consistent increase whenever TON experiences volatility spikes. Historically, these patterns have been observed ahead of significant price surges, raising the possibility that a similar recovery could be on the horizon. TON: Signs of a Reversal? “We’ve observed a pattern where the Open Interest Delta increases with each volatility spike—a behavior that previously preceded a sharp price surge.” – By @joao_wedson Full analysis ????https://t.co/FC8q4QYIp6 pic.twitter.com/5luN5VojDn — CryptoQuant.com (@cryptoquant_com) January 29, 2025 TON Market Performance In recent weeks, TON’s price action has been noticeably less bullish. Even as the broader cryptocurrency market experiences gradual gains, TON has struggled to recover, consistently declining and now down roughly 11% over the past two weeks. This divergence from the broader market’s upward momentum may suggest that TON is facing its own bearish pressures, whether driven by chart patterns or on-chain factors. Related Reading: Toncoin Gears Up For A Fresh Rally With Bullish Momentum Building For instance, Renowned crypto analyst Ali recently highlighted that TON has faced significant transfers to exchanges signaling increasing sell-offs. Over 240,000 #Toncoin $TON have been transferred to exchanges in the past week, potentially signaling increased selling pressure as shown by on-chain data from @santimentfeed! pic.twitter.com/FF9BBEMJzL — Ali (@ali_charts) January 29, 2025 Although TON is trading at $4.84 as of now, up 0.4% on the day, this small increase has not been enough to lift the asset out of its current correction. The continued decline in TON’s price has not only reduced its market capitalization but also significantly diminished its daily trading volume. Featured image created with DALL-E, Chart from TradingView

Ethereum’s price action is showing signs of an impending breakout as it moves back and forth within a falling wedge pattern on the daily candlestick time frame chart. According to an analysis first posted on the TradingView platform, this formation is a strong bullish signal that could push the Ethereum price toward $3,800 if history repeats itself.  The falling wedge, which is generally known to be a bullish price action structure, is developing between the 50-day and 200-day moving averages for Ethereum, in line with a similar pattern from that preceded an Ethereum price rally last year. Ethereum Repeating Falling Wedge Pattern Ethereum has largely underperformed this cycle without any clear breakout yet. Furthermore, the cryptocurrency has yet to recover towards its 2021 all-time high unlike many of its other crypto counterparts with large market caps.  Related Reading: Ethereum Price Eyes $4,000 With Rising Channel Pattern Technical analysis of the current Ethereum price action shows that the leading altcoin has been trading in a decline since the beginning of the year. This decline has been characterized by the formation of lower highs and lower lows, which is quite like a falling wedge pattern. What’s very interesting is that this wedge pattern on the Ethereum price chart is developing between the 50-day and 200-day moving averages, which makes it even more peculiar. The TradingView analyst highlighted that the current falling wedge price structure mirrors the March 2024 pattern, which saw Ethereum forming a triple bottom before breaking out and reaching the 0.786 Fibonacci extension level. If the same scenario unfolds, the current falling wedge could serve as a launchpad for a price surge towards a target at the $3,800 level. This represents a potential 20% upside from Ethereum’s current trading range. Resistance Levels Could Delay the Rally At the time of writing, Ethereum is trading at $3,180, up 1% in the past 24 hours. This marks a steady climb from the lower end of the wedge pattern, bringing the cryptocurrency closer to breaking above the upper trendline around $3,250.  Related Reading: Historical Data Shows What To Expect From Ethereum Price In Q1 2025 – It’s Very Bullish While the technical setup leans bullish after the predicted breakout, it is important to note that Ethereum faces a significant resistance hurdle between $3,400 and $3,500. Sellers positioned at this resistance zone have acted as a strong barrier in recent months, and they have successfully stalled previous attempts by the bulls to push higher. If Ethereum fails to break through the upper end of this range, another temporary rejection could occur before any sustained move toward $3,800. If Ethereum successfully clears the $3,500 resistance, it could pave the way for a more extended bullish trend, with $3,800 as the next logical target. Notably, this $3,800 target reflects a tempered outlook on Ethereum compared to past market expectations, a sentiment shaped by its recent price action. However, if strong bullish momentum builds toward $3,800, it could trigger an even larger push toward the $4,000 mark. Featured image from Unsplash, chart from Tradingview.com

The crypto market is gearing up for an explosive altcoin season, which could see major cryptocurrencies skyrocket to new highs. After experiencing a surge in December, altcoins entered a correction, leaving their next move uncertain. However, Captain Faibik suggests that the recent pullback was merely a “trailer” for the main event, with February potentially marking the start of the next rally.  Bull Pennant Signals Altcoin Season Boom In a recent X (formerly Twitter) post, Captain Faibik suggested that the altcoin season may be well on its way, as market indicators like a recently formed Bull Pennant show positive signals that support this prediction. The analyst revealed that in early December 2024, the crypto market had experienced a significant uptrend before entering a deep correction phase. Related Reading: Altcoin Season Enters 140-Day Golden Window, What Does Bitcoin Dominance Have To Do With It? Captain Faibik said this decline was necessary as it allowed the market to cool off after significant gains. Usually, when a cryptocurrency experiences strong growth and a subsequent price drop, it tends to flush out weak hands in the market and reset overheated indicators. In the case of the crypto market, the pullback is seen as a healthy market reset that could set the stage for an even stronger uptrend. Moving on, the crypto analyst noted that the market’s correction is almost over, paving the way for the next bullish wave. He shared a chart representing the total crypto market capitalization excluding Bitcoin (BTC) and Ethereum (ETH) on a 1-day time frame.  Currently, the crypto market’s price action is forming a Bull Pennant characterized by converging trendlines. A breakout from this bull pattern is anticipated, potentially leading to a $1.4 trillion market capitalization target for the broader crypto market.  The analyst has indicated that February could be a bullish month for altcoins if the Bull Pennant pattern breaks upwards. He warns investors to buy and hold their bags while waiting for this supposedly explosive altcoin season.  Historically, the altcoin season has seen cryptocurrencies other than Bitcoin surge dramatically as investors’ interest and demand from BTC to other alternative coins. Ethereum typically leads this trend, as its growth often sparks rallies across the altcoin market. However, with ETH underperforming against all expectations, the possibility of a full-fledged altcoin season remains uncertain.  February To KickStart AltSeason Sharing a similar sentiment with the timeline of Captain Faibik’s prediction for the altcoin season, many analysts have speculated that this bullish trend is set to occur in February. Specifically, Crypto Rover, a prominent crypto analyst on X, announced that the altcoin season will begin in the next two days. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 The analyst shared a chart highlighting Ethereum’s historical monthly returns from 2016 to 2024. The column for February shows that ETH has performed massively during this time almost every year, with 2017 recording its most significant return of 48.09%. Based on this analysis, Crypto Rover suggests that February could signal a bullish period for altcoins, triggering the start of the highly anticipated altcoin season. Featured image from Unsplash, chart from Tradingview.com

According to crypto analyst Titan of Crypto, Ethereum (ETH) could be on the verge of a “major move upward” this year as it continues to form higher lows on the weekly chart. However, breaking through the persistent $4,000 resistance level remains a key hurdle for the cryptocurrency, before it goes on to create new highs. Ethereum On The Brink Of A Massive Rally? While frustration may be getting the better of ETH holders due to the digital asset’s below par price performance over the past two years, there could still be a chance to witness a complete turnaround in ETH’s price trajectory. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders In a post on X, Titan of Crypto shared the following ETH weekly chart, illustrating how the digital asset has been consistently forming higher lows since 2022. If ETH maintains this trend, it could soon break through the crucial $4,000 level and potentially set new all-time highs (ATH) later this year. The analyst also applied Fibonacci extensions to estimate potential price targets, with the most optimistic projections reaching as high as $13,000 in 2026. Crypto trader Ted shared a similar outlook on ETH’s price action. According to Ted, once ETH reclaims the $4,000 mark, it could soon surpass its previous ATH. He further predicted that ETH could surge to $9,000 within 3 to 4 months. Additionally, he noted that US President Donald Trump’s recent ETH purchases could provide further upside momentum for the digital asset. Indeed, Trump’s decentralized finance (DeFi) project dubbed World Liberty Financial (WLF) has been on an ETH buying spree. In December 2024, WLF bought 722 ETH, worth $2.5 million at the prevailing market price.  Technical analysis trader Alex Clay also sees ETH’s current downtrend as a potential buying opportunity. Clay highlighted that ETH has not only completed its falling wedge pattern but also successfully defended the $3,000 support level. He added: Time to reverse the short-term trend! Send $ETH to $4,000, $4,500, $5,000. ETH: An Overcrowded Trade? While the above analyses may offer hope to ETH traders, seasoned crypto analyst Ali Martinez cautions that the bullish head-and-shoulder pattern on ETH’s daily chart could be turning into an overcrowded trade. He added: If the pattern holds, any dip to $2,900 could be a buying opportunity, but keep your stop-loss tight between $2,700 and $2,500. Related Reading: Ethereum Struggles As Bitcoin Dominance Pushes ETH/BTC Pair To 4-Year Low That said, crypto analyst Mister Crypto recently remarked that Ethereum has “likely bottomed out” and could be on the verge of a breakout to the upside. At press time, ETH trades at $3,095, down 2.2% in the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com

Ethereum performance has lagged behind the broader cryptocurrency market in recent months, with the asset failing to capitalize on the bullish momentum recently seen in the market. While Bitcoin has repeatedly reached new all-time highs, Ethereum has struggled to break past $4,000 and remains well below its 2021 peak of $4,800. Amid this slow recovery, a crypto analyst known as ProjectW has shared insights on the potential for Ethereum’s resurgence, urging investors to consider the long-term picture. In a detailed post on X, ProjectW outlined several factors that could drive Ethereum’s next breakout. The analyst highlighted Ethereum’s years of accumulation within a broad trading range, suggesting that such prolonged consolidation often precedes significant price expansions. Despite the negative sentiment around Ethereum and narratives favoring other networks like Solana, ProjectW emphasized that Ethereum’s long-term upward trend remains intact. A possible retest of the sub-$ 3,000 range could serve as a catalyst, providing the liquidity needed to push Ethereum past $4,000 and set the stage for a broader recovery. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders ETH/BTC Performance And Outlook A key point in ProjectW’s analysis is Ethereum’s ongoing underperformance against Bitcoin. So far, Ethereum has struggled to match Bitcoin’s gains during market rallies and has often faced steeper declines during market corrections. This trend is reflected in the ETH/BTC trading pair, which remains in a bearish structure on higher timeframes. However, the analyst identified a potential reversal zone around $2,700 for Ethereum, which could coincide with a structural shift if ETH/BTC stabilizes at these levels. THE BIG COMEBACK OF ETHEREUM: An Unbiased Evaluation “Ethereum is dead. Solana stole the show.” You’ve probably heard this take a hundred times. The sentiment around ETH has never been worse. And yet – if we strip away emotions and narratives – Ethereum’s long-term… pic.twitter.com/ipkXvuXbnj — ProjectW (@fitforcrypto_) January 29, 2025 The analyst also touched on the role of market makers and institutional players in shaping Ethereum’s price trajectory. According to ProjectW, recent negative coverage of Ethereum—ranging from concerns about the Ethereum Foundation to repeated comparisons with Bitcoin—may not be coincidental. Instead, it could represent a deliberate effort by major market participants to accumulate Ethereum at lower prices, a pattern observed in past market cycles. The involvement of institutional players, such as Trump-affiliated World Liberty Financial reportedly acquiring significant amounts of Ethereum, adds another layer of complexity to the current market dynamics. The analyst wrote: We know how this game works. MMs move price where they want – especially to areas with high liquidity. And how do they do it? Media narratives. Recently, we’ve seen an aggressive push of ETH FUD in major publications. – The Ethereum Foundation being questioned – ETH’s underperformance against BTC being highlighted everywhere Is this really a coincidence? Or is it the same old SM playbook? Flood the market with FUD → Retail panic sells at the bottom → Institutions accumulate. Ethereum’s Core Strengths and Future Outlook Despite recent underperformance, the analyst argued that Ethereum’s core fundamentals remain strong. ProjectW wrote: Despite all the noise, Ethereum remains the most important smart contract network. – The deepest liquidity in DeFi – The highest security & decentralization – It has the strongest developer ecosystem While sentiment is at rock bottom, the actual fundamentals suggest ETH is still the backbone of the space. So where does this leave us? Related Reading: Ethereum Price Forms Flag And Pole Pattern For Possible Breakout, New Targets Emerge While no rally is guaranteed, ProjectW suggested that Ethereum’s long-term conditions are aligning for potential growth. The analyst concluded with a call to closely monitor Ethereum’s progress in the coming weeks, as market participants await signs of a sustained upward trend. Featured image created with DALL-E, Chart from TradingView

After facing a significant crash to $3.7, XRP bulls are making a strong comeback, attempting to break above resistance levels and establish a new price target. With this in mind, a crypto analyst forecasts that if the asset surpasses this resistance, it could skyrocket to $3.85, potentially climbing even higher to hit the $6.5 mark. XRP Bulls Push Toward $3.85 ATH Price During the bull run in 2018, the XRP price hit its current All-Time High (ATH), skyrocketing to the $3.84 level. Now, a TradingView crypto analyst, identified as ‘Mindbloome-Trading,’ has shared a recent forecast, suggesting that XRP could surge past its ATH price to $3.85 in 2025.  Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue The analyst’s bullish XRP price prediction is based on key resistance and support levels, with the expectation that the cryptocurrency can break above these levels. He shared a detailed video chart analysis, highlighting the altcoin’s price action on a monthly, weekly, daily, and 4-hour basis.  The TradingView analyst announced that XRP is in a bull run and showing signs of a strong upward rally. The cryptocurrency had previously broken the $2.6 price, transforming this level into a crucial support area for driving its market momentum.  Forming a new resistance level at $2.7, the crypto expert disclosed that the asset must break this threshold to initiate a swift climb to $3.15. In his video analysis, he identified the price points at $3.0, $3.11, and $3.14 as critical resistance levels that, if XRP can surpass, could push it to a new all-time high target of $3.85.  While the analyst is confident that XRP can hit his projected price target, he also believes that the cryptocurrency could rally even higher, potentially hitting the $6.55 mark. He explained that this surge would be highly possible, as the subsequent increase in XRP’s market capitalization would be a fair and well-supported progression. The TradingView expert also acknowledged that for the cryptocurrency to reach the forecasted $3.85 ATH, several bullish catalysts would be necessary, including a positive upward trend in Bitcoin.  Possible Market Dip Ahead As XRP bulls attempt to trigger a price rally toward $3.85, Mindbloome-Trading has shared an alternative bearish scenario for the cryptocurrency if it fails to break above key resistance levels. According to the TradingView analyst, the current resistance XRP is facing is strong, raising the likelihood that the cryptocurrency may struggle to overcome it, potentially limiting its upward momentum.  Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ He predicts that if the altcoin fails to surpass the resistance level at $3.13 and $3.15, the cryptocurrency could face a sharp correction, potentially dropping to $3.00 or even lower, with $2.85 being the possible target. As of now, the XRP price is trading at $3.1, reflecting an 11.22% increase over the past 24 hours, according to CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

The so-called memecoins, initially dismissed as something of a passing internet joke, now seem to have a big possibility of turning into a more serious asset class in the crypto space. According to analysts, by 2030, these coins are likely to experience significant maturation, transitioning from speculative plays into recognized components of the financial ecosystem. Related Reading: New Ethereum Addresses Hit 200K: What’s Behind The Massive Spike? Current Status Of Memecoins Currently, memecoins like Dogecoin and Shiba Inu are primarily fueled by social media hype and speculative trading. Their value can be extremely volatile, influenced by online trends and celebrity endorsements. Such volatility has created skepticism about their long-term sustainability. Pathways To Maturity However, a number of events are still needed to develop these memecoins. The utility must go beyond speculation; having real-world uses such as acceptance in making payments or utility in decentralized finance, can contribute to their credibility. Regulation can provide clarity over what is secure and hence help facilitate further investment while improving the market’s reception for the memecoin. Maintaining a strong hold of the community will also help, by regularly conveying transparency into their development, the analyst claims. The way value is assessed in the meme coin market is similar to that of the art market. Both markets legitimize intangible value through narrative. If the very foundation of the meme coin market is considered a scam, then, by the same logic, the art market must also be viewed as… https://t.co/TAlmfGxByI — Ki Young Ju (@ki_young_ju) January 26, 2025 Analyst’s View Ki Young Ju, CryptoQuant Chief Executive Officer, says that the value of memecoins is no different from the value of art because it is founded on collective belief and narrative. He believes that memecoins will eventually go through a “disillusion phase” before maturing gradually. To him, it is possible for memecoins to stabilize and even become legitimate pieces of the crypto ecosystem by 2030. Market Projections Recent study indicates that memecoins are taking center stage in the cryptocurrency market. Their market share increased from 0.87% to 2.58% in the third quarter of 2024. This might increase to 3.54% by 2025 and 7.81% by 2030, according to projected data, indicating a significant increase in market value and daily trading volumes. Obstacles Along The Way Despite optimistic predictions, memecoins encounter a number of challenges as they mature. Investors are at risk due to their intrinsic volatility and lack of intrinsic value. Moreover, the need for technological advancements to improve scalability and security is paramount. Related Reading: Want To Get Rich? Here’s How To Create A Coin Like XRP From Scratch—Expert Regulatory ambiguities also loom large, with the possibility of heightened scrutiny that might affect their adoption and growth. The Road Ahead For Memecoins The transition of memecoins from online memes to sophisticated financial instruments is extensive. Through strategic advancements in utility, regulatory adherence, and community involvement, they may become essential components of the cryptocurrency market by 2030. The maturity of memecoins is a trend deserving of attention as the cryptocurrency environment evolves. Featured image from Medium, chart from TradingView

XRP is showing promising signs of recovery as it bounces back strongly, fueled by renewed bullish momentum. After facing periods of downward pressure, the cryptocurrency is now gaining traction, signaling a potential shift in market sentiment. This rebound has sparked optimism among traders, with many eyeing critical resistance levels that could unlock further gains if breached. The recent surge highlights the resilience of buyers, who appear determined to reclaim control of the market. If the bulls can sustain this momentum, XRP could rally to higher levels, positioning itself for a stronger performance in the short term. However, the market remains watchful as sustaining this recovery will require overcoming key challenges, including resistance barriers that have historically capped its upward moves. Analyzing XRP’s Resilience After $2.72 Support Test After testing the $2.72 support level, XRP has demonstrated impressive resilience, showcasing its ability to recover and build upside strength. The cryptocurrency bounced back sharply, indicating strong buying interest as support levels hold firm. This recovery suggests that the bulls are actively defending key price levels, possibly signaling a continuation of the upward trend if momentum is maintained. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ XRP’s price action following the rebound from $2.72 is crucial for determining the next moves. If the bulls sustain this positive trend, it could pave the way for further gains to the $3.0 resistance level. However, any failure to hold above the $2.72 support would reintroduce bearish pressure, putting the price back under stress. Furthermore, the RSI indicator shows a promising recovery sign, rising from the oversold zone and above the 50% threshold. This shift implies growing buying strength and signals that market sentiment is turning more positive.  A move above the 50% level typically indicates that bullish pressure is gaining strength, which might set the stage for a sustained rebound. Coupled with strong support levels and other technical indicators, this is likely to kickstart an upward trend, confirming the potential for more gains. XRP Price Outlook: Sustaining Momentum Amidst Market Challenges XRP’s price outlook remains positive as it continues to gain momentum despite the challenges faced in the broader market. The altcoin has recently surged past the $2.9 key resistance levels, revealing strength among the bulls. Related Reading: XRP Long-Term Potential Remains Extremely Bullish Possibility Of Price At $20 Technical indicators, such as the RSI and moving averages, suggest that the bullish trend could persist if buying pressure remains intact thereby increasing the chances of a move toward the $3.4 resistance level. Nonetheless, sustaining this strength will depend on XRP’s ability to hold the $2.9 support level. A break below this level may trigger a pullback, dampening the uptrend. Featured image from Adobe Stock, chart from Tradingview.com

The Ethereum Foundation (EF) recently sold another 100 Ethereum (ETH) for 307,893 DAI, a stablecoin pegged to the US dollar. This marks the third time in 2025 that the EF has sold ETH, raising concerns among ETH holders about the cryptocurrency’s relatively lackluster price performance. EF Continues To Sell Ethereum, But Analysts Offer Hope  In a post on X earlier today, on-chain analytics platform Spot On Chain identified a transaction showing that the EF had offloaded another 100 ETH. As of January 27, the EF has sold a total of 300 ETH for approximately $981,200. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say Naturally, the continued selling pressure from the EF has contributed to Ethereum’s price struggles. Over the past 24 hours, the second-largest cryptocurrency by market cap has fallen by 5.7%, trading at $3,125 at the time of writing. That being said, the EF still holds a substantial amount of Ethereum. According to data from Arkham Intelligence, the non-profit organization owns 269,175 ETH, worth more than $800 million at current market prices. While the EF’s decision to periodically sell ETH has raised concerns among some of the digital asset’s largest holders, seasoned crypto trader CoinMamba believes that all may not be lost for ETH just yet. In a post on X, CoinMamba shared a chart providing ‘some hopium’ for the next two months. According to the analysis, the months of February and March have historically delivered strong returns for ETH holders. The analyst explained that Ethereum has only posted negative returns in February once, back in 2018, when the digital asset had already surged by 50% in January of that year. In February 2024, the cryptocurrency saw a 46.3% increase in price. Crypto trader Crypto Rover shared their analysis aligning with the prediction of ETH appreciating in value over the next couple of months. The trader emphasized that ETH is still in a ‘massive uptrend,’ and there is no reason to panic. Is ETH On The Cusp Of A Rally? Despite being overshadowed for much of 2024 by the likes of SUI, Solana (SOL), and XRP, analysts are confident that ETH has yet to experience a bullish price momentum that could bring it closer to its current all-time high (ATH) of $4,878, recorded in November 2021. Related Reading: Ethereum To Outperform Bitcoin In 2025? Report Predicts $8,000 ETH Price For example, recent analysis by crypto analyst Mister Crypto suggests that ETH has likely bottomed out and a price rally could be imminent for the smart contract platform token. Another analyst pointed out that ETH is completing an inverse head-and-shoulders pattern on the three-day chart, which is considered a bullish signal for the digital asset. However, concerns remain regarding Ethereum’s underperformance relative to Bitcoin (BTC), with the ETH/BTC trading pair hitting four-year lows. At press time, ETH is trading at $3,125, down 5.7% over the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com

For weeks, Ripple’s XRP has been on a tear, breaking key price metrics which allowed it to solidify its standing as one of the industry’s biggest cryptos. For most of 2024, XRP has been on a sideways movement, trading at the $0.50 level. But then Trump and the US elections happened, and the XRP has become one of the industry’s best-performing digital assets. Related Reading: Bitcoin Sudden Breakdown: Price Falls Below $100,000 Support As one of the top-performing assets, XRP naturally caught the attention of some market analysts and commentators. Rajat Soni, a leading finance expert, has offered a satirical take on XRP and how holders can join the rush and become rich. Soni’s post generated a mix of amusing and dismissive replies from the crypto community. But one thing is sure: Soni only highlighted the common tactics and strategies marketers use to exploit the market and generate revenues at the expense of inexperienced crypto players. Get Rich With Ripple’s XRP? How does one get rich with cryptocurrencies like XRP? Soni counted the ways in his humorous take on the altcoin, which was shared on Twitter/X. Specifically, Soni listed nine steps to get rich quickly with XRP. How to get rich: 1) Create a coin like XRP out of thin air 2) Create a separate company and take ownership of the entire supply of XRP 3) Market XRP as much as possible 4) Sell XRP to anyone who wants to get rich quick (is 8 years still quick?) 5) Brainwash these people and… — Rajat Soni, CFA (@rajatsonifnance) January 25, 2025 According to Soni, the first step is to create the coin out of thin air and aggressively market the product (XRP). The next step is to sell the coin to interested individuals who want to get rich. Then, brainwash all those who bought the token and tell them that it will surge to $100k per token, and never believe naysayers. Also, he shared that an integral component of the campaign is to feed holders with lies and attack anyone who says that asset is a scam. Finally, the last step is to pull the rug and end up with a fortune. So, What’s Up With XRP? Ripple’s XRP has been the subject of criticism and other complaints in the last few years. For most commentators, XRP suffers from too much centralization or the control of a single entity. Soni is one of the leading critics of this project, calling it a “scam.” In one of his recent social media posts, he described Ripple’s token as fraudulent, and banks will never use it. Soni’s main beef with this digital asset is its lack of centralization, a key feature of Bitcoin and other top altcoins. He argued that the company controls almost half of its supply, making the token prone to market manipulation. What XRP Supporters Say About Soni’s Satirical Post Soni’s post received mixed reactions from the community, with some offering some amusing replies to the thread. Interestingly, a few direct responses to Soni’s satirical post suggested that some of XRP’s supporters are now immune to these targeted attacks against the project. Related Reading: Bitcoin Enthusiasm Peaks At $100K, Yet Expert Eyes A $95K Dip In previous postings, some critics engaged with Soni, including Bill Morgan, who called Soni’s postings “ill-informed”. Panos Mekras, a popular crypto author, also hit Soni for the supposed lack of research, even re-sharing a 2018 thread on XRP basics. Featured image from Pexels, chart from TradingView

A new XRP price prediction has surfaced, with a crypto analyst forecasting that the popular altcoin will experience a dynamic surge to $5.85 in the new week. Based on the Elliott Wave Theory and key technical indicators, the analysis outlines how XRP could see a significant upside after breaking out a symmetrical triangle pattern.  On January 26, Dark Defender, a prominent crypto analyst on X (formerly Twitter), forecasted an XRP price surge to a new all-time high of $5.85. The analyst shared a chart illustrating an Elliott Wave pattern consisting of five waves (1 through 5) in an upward trend XRP To Break Out To $5.85 Typically, the Elliott Wave theory suggests a cyclical price movement, where Wave 3 is presented as the strongest wave with the most explosive price increases. On the other hand, Wave 4 is highlighted as a corrective phase, while Wave 5 represents the final leg of an uptrend.  Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 Dark Defender revealed that the current XRP Elliott Wave structure was established as early as August 2023, where Wave 3 has consistently targeted the $5.85 all-time high level. This price surge would translate to an impressive 261.8% increase, marking a dynamic shift in the new week.  Once the $5.85 target is achieved, Wave 5, which is the final wave of the Elliott wave cycle, points to a longer-term price target of $18.22. Achieving this level would signify a massive 361.8% increase, marking a historic milestone for XRP.   In his detailed analysis, Dark Defender also pointed out a 4-hour symmetrical triangle pattern on the XRP price chart. This unique technical formation is often a precursor of a significant price movement, which, in XRP’s case, the analyst forecasts a breakout to occur within the next 16 to 20 hours following his analysis.  The breakout from the triangle pattern is expected to align with the broader upward trend. Moreover, the green circle on the chart shows that the XRP price has retested and confirmed support after breaking past the breakeven line toward the $2.4 resistance level. This move sets the stage for the analyst’s projected rally, with a primary target of $5.85 level and a secondary goal of $4.55. XRP Price Plummets 10% In One Day While the broader crypto market exhibits bullish sentiments toward XRP due to its impressive performance this year, the popular altcoin is currently facing significant bearish momentum as it struggles to break through key resistance levels.  Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board As of writing, CoinMarketCap’s data shows that XRP has plummeted from a previous price high above $3 to $2.8. The cryptocurrency recorded a 10.3% decline in the past 24 hours after experiencing severe bearish pressure that led to a 14% drop last week. Despite this bearish performance, analysts remain increasingly bullish on XRP, predicting significant price rallies that would propel the altcoin to new heights. One notable forecast suggests that XRP could rally so high over time and potentially flip Bitcoin, the world’s largest cryptocurrency. Featured image from Adobe Stock, chart from Tradingview.com

イーロン・マスク氏率いる政府効率化省（DOGE省）は26日、パブリックブロックチェーンの採用を検討していることが報じられた。これは、トランプ政権下における米政府の支出削減を目的とした大規模な効率化計画の一環である。 DOGE省は、政府の支出追跡、データ保護、迅速な資金管理においてブロックチェーン技術を活用する構想を掲げており、すでに主要なパブリックブロックチェーンプロジェクトとの協議を進めているようだ。しかし、どのブロックチェーンを採用するかについては、具体的な情報は明らかにされていない。 DOGE省はすでに既存パブリックブロックチェーン代表との協議を進めており、政府の支出追跡、データ保護、そして迅速な支払いの資金管理にブロックチェーンを利用する構想に積極的だという。 ただし、具体的なパブリックブロックチェーン名については言及されていない。 トランプ政権下で期待されるDOGE省の役割 DOGE省は、アメリカ合衆国行政管理予算局（OMB）と連携し、2026年7月4日までに政府の生産性を向上させる具体策を提言する予定だ。この取り組みは、ブロックチェーン技術の実用化に向けた米国政府の重要なステップとして注目されている。 さらに、マスク氏はプロジェクト推進のため、約100人のボランティアを募集を開始。トランプ政権下での活躍が期待されるDOGE省は、マスク氏のリーダーシップの下で本格始動し始めた。 一方、DOGE省と同じティッカー名を持つドージコイン（DOGE）の価格への直接的な影響は、市場関係者の期待に反する動きを示している。 ドージコイン、過去24時間で11％急落 ドージコインは27日、過去24時間で11％急落、本稿執筆時点において、0.31ドル付近で推移している。この下落は、ビットコイン（BTC）が10万ドルを下回る急落を受け、仮想通貨市場全体に波及した影響によるものだ。多くのアルトコインも同様に大幅な下落率を示しており、市場全体が弱気ムードに包まれている。 特にミームコイン市場では、時価総額上位の銘柄が軒並み10％以上急落。この影響はトランプ大統領自身の公式ミームコイン「トランプコイン（TRUMP）」も例外ではない。 こうした厳しい市場環境の中、昨年末に登場した新しいミームコイン「Wall Street Pepe（WEPE）」に6000万ドルの先行投資を集めており、上場を控えた期待感から投資家の関心を引き続き集めている。 Wall Street Pepe：個人投資家を支援する革新的ミームコイン Wall Street Pepeは、ミームコイン市場の時価総額ランキングで4位に位置するペペコイン（PEPE）の後継プロジェクトとして誕生した新興ミームコインだ。このプロジェクトは、クジラと呼ばれる大口投資家優勢の市場環境を打破し、個人投資家が平等に戦える投資環境を構築することを目指している。 具体的には、WEPEトークン保有者に、次の特典を提供し、投資活動をサポートする。 取引インサイトの提供 ：将来有望な新興銘柄の最新情報、最新の取引戦略、取引シグナルといった情報を提供 限定コミュニティへの参加 ：WEPEトークン保有者のみがアクセスできる限定コミュニティ内にて、リアルタイムな市場洞察、投資戦略を共有 ステーキング報酬 ：WEPEトークンをステーキングすることで、年間利回り20％の追加報酬を獲得 こうした仕組みが特に個人投資家に評価され、多くの投資家がプレセールに集まり、上場を見据えて先行投資を行なっている。 Wall Street Pepeの公式サイトをチェックする

Bitcoin has yet to relinquish its dominance in this market cycle, leaving many investors still holding onto hopes for the arrival of an altcoin season. Still, there remains a possibility that an altcoin rally might never come to fruition this season, given the recent market trends this cycle. Crypto analyst Ali Martinez echoed this perspective in a recent post on X, claiming that an altcoin season may never return. His observation sheds light on the change in market dynamics and the significant shifts that have occurred since previous alt seasons. Why AltSeason Might Never Happen An altcoin season is defined by a period of rapid price surges across a wide range of altcoins. Furthermore, an altcoin season is characterized by investors cashing out their Bitcoin profits and pouring them into altcoins. This period is always accompanied by social media hype and FOMO from crypto investors as they rush in to get in on the action. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 However, current market conditions have seen the crypto industry grow from its early days into a new market with a close relationship with investors in the traditional finance sector. Additionally, the altcoin market has expanded dramatically since the last major bull run in 2021, and you could argue that it has become somewhat oversaturated. Martinez highlighted a startling statistic: over 36.4 million altcoins are now in circulation. This is a dramatic increase compared to fewer than 3,000 altcoins during the 2017-2018 altcoin season and an even smaller pool of fewer than 500 in the 2013-2014 bull market cycle.  The sheer scale of this supply explosion has fundamentally altered the cryptocurrency landscape, diluting attention and capital among an overwhelming number of assets. This oversaturation means that achieving widespread price surges across altcoins has become a far more challenging proposition than in previous market cycles. Furthermore, many of these altcoins have unclear use cases or poor fundamentals and only divert attention from specific altcoins with strong utility. Could The Era Of Altcoin Seasons Be Over? The concept of an altcoin season may be a relic of a less crowded market. Ethereum, the largest altcoin, has largely failed to perform up to expectations this cycle. Known as the primary driver of past altcoin seasons, Ethereum has struggled to gain momentum for over a year, even as other altcoins like Solana, XRP, Cardano, and Dogecoin continue to push to multi-year highs. Related Reading: Bitcoin Price Dominance And Altcoin Season: What The Sudden Volatility Means For The Market If Ethereum, with its established dominance and utility, cannot deliver, it raises serious questions about the potential of other altcoins to rally. Instead, individual altcoins with strong fundamentals or unique propositions could continue to thrive while the rest of the market remains stagnant.  At the time of writing, Coinmarketcap’s dominance data shows that Bitcoin commands 57.9% of the total crypto market cap, increasing by 0.69% in the past 24 hours. Meanwhile, Ethereum is steadily losing ground, with its dominance dropping by 1.07% over the same period, now accounting for just 11.1% of the overall market. Featured image from iStock, chart from Tradingview.com

Ethereum is now demonstrating steady price growth, posting a 6% rise in the past day as the broader cryptocurrency market rallied. This upward momentum follows news of a US executive order establishing a national digital asset stockpile, contributing to a positive market environment. Amid this backdrop, CryptoQuant analyst ShayanBTC has provided a fresh perspective on Ethereum’s current trajectory. Shayan highlights an interesting divergence between the increasing open interest in Ethereum futures and the price, which has yet to reach previous highs. Related Reading: Ethereum’s Price Stalls Below $3,500 as Leverage Ratios Climb—What Next? Growing Futures Market and Divergent Price Action According to Shayan in a post recently uploaded on the CryptoQuant QuickTake platform, Ethereum’s open interest—an indicator of active futures contracts—has surged to its highest levels in recent weeks, indicating heightened market participation and growing interest among traders. The analyst notes that the rise in ETH’s open interest and slow price response suggests a disconnect between market sentiment and price performance. While futures traders appear optimistic, this optimism has not yet translated into Ethereum breaking key resistance levels. The analyst wrote: Interestingly, there is a divergence between Ethereum’s price and futures market activity. Despite the significant increase in open interest, the price has yet to break its previous highs, showcasing a potential imbalance between market expectations and price action. Shayan also notes that elevated open interest could lead to volatility. Historically, large buildups in open interest have been followed by significant price swings as positions are liquidated. Although the direction of the next move remains uncertain, current activity and sentiment lean toward a potential bullish breakout. Shayan suggested that if Ethereum can surpass critical resistance, it could pave the way for a more prolonged rally. Market Concerns And Bearish Indicators In contrast, another CryptoQuant analyst, Darkfost, presents a more cautious outlook. Darkfost points to a range of bearish factors, including increasing Ethereum inflows and reserves on Binance. According to the data shared by Darkfost, since September 2024, Ethereum inflows have consistently outpaced outflows, leading to a rise in exchange reserves. This trend reflects selling pressure, as more Ethereum is moved to exchanges, potentially indicating an intent to sell rather than hold. Related Reading: Ethereum Price Revival: What the Signs Say About Its Next Move Additionally, Binance’s taker buy-sell ratio has remained bearish for months, showing a consistent dominance of sell orders. Darkfost reveals that the shift in these metrics suggests that some investors may be locking in profits or reallocating capital elsewhere, leading to a more cautious market sentiment. Featured image created with DALL-E, Chart from TradingView

The XRP price is in the spotlight again, as a crypto analyst has shared his short—to long-term prediction for the third-largest altcoin. While the asset has experienced a series of bullish events that have driven its price to its current level, the analyst strongly believes that the cryptocurrency can jump even higher to reach $20.  XRP Long To Short Term Price Prediction According to a crypto analyst identified as ‘XRP Meesku’ on X (formerly Twitter), the XRP price is gearing up to skyrocket to a new long-term ATH target of $20. The analyst’s bullish outlook for the token stems from its innovative potential, as advanced developments and technological advancements tend to drive price surges in a cryptocurrency. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue Notably, the analyst revealed that there has been ongoing speculation that XRP could be pivotal in national banking. He highlighted that many discussions have arisen suggesting that the altcoin could be used as a potential base layer for the United States (US) banking system. If this happens, it could fuel significant growth and adoption for XRP, potentially positioning it as a “global asset that is gaining traction.” Moreover, it could trigger a price increase of $20 ATH for the altcoin.  In the mid-term time frame, XRP Meeksu predicts that the altcoin could potentially hit $8 first before attempting to break past its cycle top. He reveals that his optimistic outlook for XRP was influenced by factors such as new financial products like futures and the ongoing legal challenges with the US Securities and Exchange Commission (SEC). Based on his analysis, the crypto expert suggests that resolving these issues could spark a price rally.   Finally, the analyst shared a short-term price forecast for XRP, highlighting that altcoin is expected to experience significant volatility, leading to price fluctuations. Due to its sharp growth potential, he predicts a surge to $3.6 or higher was possible. Moreover, the X market expert mentioned the increase in significant liquidation trends, underscoring that traders may take a long position after being forced to close due to market fluctuations. Bullish Factors Driving The Price Surge While the XRP Meeksu shares his long- to short-term bullish prediction for the XRP price, the analyst also outlines several bullish activities that could drive a potential surge in the cryptocurrency. According to the crypto expert, the XRP market has seen a lot of activity lately, with the price stabilizing despite spikes in whale activity.  Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Looking at the asset’s past performances, the analyst mentions a notable transfer of $62 million to various crypto exchanges — a movement that could potentially be seen as a sell signal for strategic whale repositioning. Moreover, the CME Group has hinted at launching XRP futures, paving the way for institutional adoption and engagement in the cryptocurrency.  Furthermore, the analyst delved deeper into the lawsuit between Ripple and the SEC, highlighting discussions about potential settlements and the conclusion of the almost four-year legal battle. Despite the lawsuit drama, the crypto expert disclosed that XRP’s overall sentiment remains bullish as analysts project more growth in the future.  He revealed that XRP is showing signs of a price recovery and could soon hit new ATHs. Moreover, its community remains vibrant and active, sharing updates about ongoing scam threats, key events, and more. Featured image from Adobe Stock, chart from Tradingview.com

A surprising twist within the crypto market has seen TRUMP token trading volume surpass XRP, with a massive price correction. This behavior of the market in a very unpredictable manner points to the fact that the crypto space is quite unpredictable and that speculative tokens often see tremendous trading activity swings, even as their prices plummet. The trading volume surge by the TRUMP token is more interesting in this scenario of high volatility and uncertainty. Related Reading: Brains Not Working? Ethereum Foundation Under Fire For Repeated ETH Sell-Offs Speculation Fuels TRUMP Token’s Rally Despite its sharp decline in price (down 16% in the last 24 hours), the TRUMP token managed to outdo XRP in trading volume. The rally in trading activity in TRUMP’s token has piqued the interest of the entire cryptocurrency community, with speculation pointing towards a very strong reaction of traders to the token, probably fueled by its political branding or hype around its speculative nature. Donald Trump, the 47th president of the United States, launched the meme coin Official Trump (TRUMP), which is based in Solana, over the weekend. Its price immediately reached highs close to $80, indicating that it was a huge success at launch. At the time of writing, TRUMP was trading at $35.69, with a 24-hour trading volume surpassing XRP’s. In particular, according to CoinMarketCap data, the meme coin has experienced $8.7 billion in trade activity, compared to XRP’s $8.3 billion. Since its inception on January 17, TRUMP has experienced an incredible $38 billion in trade activity, according to CryptoQuant data released on Wednesday. Notably, big sell-offs as momentum cools are probably the cause of the recent price’s sustained high trading volume. According to Dexscreener data, sale volume has recently surpassed buy volume. Meanwhile, XRP keeps growing steadily, while holding the number one spot of the top-ranked digital assets on the market. A short-term jump in trading volumes of the TRUMP token indicated a new shift in interest into tokens that bring more volatility and rewarding trading dynamics. XRP Standing Strong Although the TRUMP token managed to take a trading volume lead over XRP temporarily, it’s not easily replaced in the long run because of its years-long presence in the market. XRP, being an old cryptocurrency, has attracted followers and institutional investment and, thus, is relatively stable in the market. Related Reading: Bitcoin Could Surge To $1.7 Million, According To CryptoQuant And Glassnode The TRUMP token is, on the other hand, a recently introduced and relatively speculative asset whose trading volume peak may prove transitory and reliant on the whim of speculative traders rather than being based on sustainable investment. The contrast between the two tokens—one propelled by excitement and the other by solid fundamentals—illuminates the divergent forces at work in the cryptocurrency market. Although XRP may be more resilient, the TRUMP coin is presently experiencing a brief period of excitement and even controversy, which highlights the market’s unpredictable nature and the factors that influence trading activity. Featured image from Gearbest, chart from TradingView

XRP is currently navigating a pivotal phase, trading within a well-defined consolidation range of $2.9 to $3.4. This narrow band reflects a balanced struggle between bullish optimism and bearish caution as neither side has yet mustered the strength to trigger a decisive price movement.  Historically, such periods of consolidation are often precursors to significant market shifts, making this a critical moment for XRP enthusiasts and traders alike. A breakout above the upper boundary at $3.4 will probably act as a bullish catalyst, indicating renewed momentum and attracting fresh buying interest.  Such a move may pave the way for XRP to target higher levels, fueling market confidence. However, a breakdown below the $2.9 support could spell trouble, inviting stronger selling pressure. With technical indicators and trading volumes offering mixed signals, all eyes are now on XRP’s price action to see whether it will deliver a breakout or succumb to a bearish reversal. A Tug-Of-War Between XRP Bulls And Bears A consolidation phase has emerged within the $2.9 to $3.4 range, showcasing a battle between bullish and bearish forces. The $2.9 level has proven to be a robust support, preventing further declines, while the $3.4 resistance acts as a key barrier to upward momentum. This tug-of-war highlights the indecision in the market, with traders closely watching for a breakout or breakdown to gauge the next significant price direction. Related Reading: XRP Price Sets the Stage for More Gains: Bulls Hold the Momentum However, technical indicators are offering valuable insights into XRP’s consolidation phase such as the Relative Strength Index (RSI) suggesting a potential bearish breakout below the critical $2.9 support level. The RSI, currently dropping below the 50% threshold, reflects a weakening buying momentum. If the RSI continues to dip toward oversold territory, it might indicate that bears might be gaining the upper hand, increasing the likelihood of a price drop below $2.9. A breakdown at this support level may trigger negative momentum, pushing the altcoin into a deeper retracement phase.  While consolidation phases often precede significant market moves, the RSI’s negative alignment warns traders to remain cautious as a failure to hold $2.9 could attract more sellers. Monitoring RSI movements alongside other technical indicators will be crucial in anticipating XRP’s next move amidst this uncertain phase. The Importance Of Defending The $2.9 Support Level Recent price action shows that the $2.9 support level is a critical threshold for XRP as bearish pressure looms. A decisive break below this level would result in increased selling pressure, driving the price down toward $1.9. This makes defending $2.9 a priority for the bulls since maintaining this level could provide the stability needed for a rebound. Related Reading: XRP Breaks Out Of Bull Flag And Targets $4.40, Predicts Crypto Analyst Failure to hold $2.9 might also shake trader confidence, reinforcing pessimistic sentiment and extending XRP’s consolidation phase. It is advisable to monitor price action and volume near this key level as it might determine whether XRP remains resilient or submits to more downside risks. Featured image from Adobe Stock, chart from Tradingview.com

Toncoin is showing promising signs of recovery, with bullish momentum gradually building as renewed buying interest suggests a shift in market sentiment. After a period of consolidation, the cryptocurrency is gaining traction, fueling optimism for a fresh rally.  The steady increase in trading activity and improving technical indicators highlight the bulls’ intent to challenge critical resistance levels, which could set the stage for a stronger upward trajectory. However, the path to recovery faces potential obstacles, including resistance barriers and profit-taking by short-term traders, limiting the rally’s momentum.  Thus, sustaining the current bullish trend will be key in determining whether Toncoin can reclaim higher ground and achieve a more robust recovery. The coming sessions will be pivotal as traders closely monitor price action, volume trends, and support zones to assess the rally‘s strength in the long term. Technical Indicators Align For A Move-Up Currently, Toncoin’s capability for a rally is gaining momentum as technical indicators align, pointing to a move upwards. After failing to break below the $5 mark successfully, the cryptocurrency is now showing signs of an uptrend. Related Reading: Toncoin Stabilizes Above $5: Is Now The Time To Buy TON? Buying pressure is beginning to outweigh selling activity as indicated by the Composite Trend Oscillator’s recent shift away from oversold conditions. As the signal line and the RSI line of the indicator approach neutral territory, TON may be gearing up for a strong surge as traders regain confidence in its upside potential. Furthermore, Toncoin is attempting to move above its key support levels, signaling possible bullish momentum. The 4-hour Simple Moving Average (SMA) turning upward shows that the price is gaining traction in the short term. This shift is important, particularly because the SMA acts as a trend-following indicator, confirming that the market may be entering a phase of sustained positive movement.  If Toncoin continues to hold above key support levels and the SMA remains positive, especially succeeding in testing and breaking through nearby resistance zones, it might lead to further gains. Toncoin Road To Recovery: Overcoming Resistance Zones TON is steadily making its way toward recovery, focusing on overcoming key resistance zones that have previously capped its price progress. If the cryptocurrency maintains its rally and breaks through the $6 resistance, it may trigger a more powerful rally, attracting additional traders and driving the price toward the $7.2 mark. However, should Toncoin fail to sustain its rally, it could face a retracement toward lower support levels, possibly revisiting areas like $5. Related Reading: Toncoin Price Recovery Continues — Is The Dwindling Staking TVL Ratio Bullish? This downward move is capable of dampening bullish sentiment, which might lead to a consolidation period or further downside. Therefore, as the altcoin navigates these challenging levels, its ability to break through and uphold positive momentum will be crucial in determining the next phase of its price action. Featured image from Adobe Stock, chart from Tradingview.com

An analyst has explained how Arbitrum could see an upswing of around 46% if its price breaks out of this technical analysis pattern. Arbitrum Has Been Trading Inside A Descending Triangle Recently In a new post on X, analyst Ali Martinez has talked about a Descending Triangle pattern forming in the 4-hour price of Arbitrum. The “Descending Triangle” refers to a formation from technical analysis (TA) that, as its name suggests, looks like a triangle slopped downwards. The pattern involves two trendlines between which the asset consolidates: an upper level drawn by connecting together lower highs in the price and a lower one parallel to the time-axis that joins bottoms. Like in many other TA patterns, the upper line is considered to be a point of probable resistance for the price, while the lower one can act as support. Related Reading: Trader Greed Strikes Again: Bitcoin Corrects To $102,000 After FOMO Spike Breaks out of either of these lines can imply a continuation of trend in that direction. An escape above the triangle is naturally a bullish signal, while a drop under it can foreshadow a bearish outcome. Similar to the Descending Triangle, there is also another pattern called the Ascending Triangle, which forms when the consolidation occurs towards an overall upside. Now, here is the chart shared by the analyst that shows the Descending Triangle that the 4-hour price of Arbitrum has been trading inside during the last couple of months: As displayed in the above graph, the Arbitrum 4-hour price retested the upper level of the Descending Triangle a few days ago, but it found rejection as it has since plunged down. Yesterday, the coin saw a very brief retest of the lower line, but it appears this level is also holding for the cryptocurrency as its price has found a rebound from it. Related Reading: XRP Whale Binance Deposits Skyrocket: Key Holders Preparing For Profit-Taking? It’s likely that these levels won’t hold for long, however, as ARB is fast approaching the apex of the triangle. As the range gets narrower, the chances of a breakout (in either direction) become higher. At present, Arbitrum is trading right in the middle of the two levels, so it’s uncertain which one it would be traveling to next. Martinez notes that if the breakout happens towards the upside, then the cryptocurrency could end up enjoying a surge of around 46%. This figure is based on the fact that the height of the triangle involves a price swing of this percentage. It only remains to be seen whether ARB would be able to find a break above the Descending Triangle or not. ARB Price At the time of writing, Arbitrum is trading around $0.72, up 1% over the last 24 hours. Featured image from Dall-E, charts from TradingView.com

Bitcoin recently achieved a new all-time high, climbing above $109,000 and continuing its strong upward momentum. This performance has further highlighted the disparity between Bitcoin and Ethereum’s price trajectories, with Ethereum underperforming in recent months. While Bitcoin has captured attention for its resilience and gains, Ethereum faces challenges that have weighed on its progress. According to Percival, a CryptoQuant analyst, the new regulatory clarity provided by the pro-crypto administration in the US is contributing to Bitcoin’s strength. In contrast, Ethereum’s internal difficulties, coupled with declining demand in the spot market, have created a challenging environment for the asset. This divergence highlights how the two leading cryptocurrencies are currently moving along very different paths, with Bitcoin thriving and Ethereum struggling to maintain its footing. Related Reading: 1 Million Bitcoin Pulled From Exchanges In The Past 3 Years: What It Means For The BTC Market Ethereum’s Decline and Market Sentiment Percival pointed out that Ethereum’s struggles can be seen in several key metrics. Spot market transactions have dropped dramatically since the previous cycle, with current volumes at $8 billion compared to $52 billion during the bull market’s peak in early 2021. This represents a sharp reduction in demand, signaling that Ethereum’s current bull market participation is significantly diminished. Additionally, data shows that Ethereum has returned to levels seen in 2016, with a majority of trading days now classified as “unprofitable” when compared to Bitcoin. These challenges, according to Percival, have prompted concerns that Ethereum may need to establish a “bottom” before it can regain stability. Without this stabilization, investor sentiment could become increasingly volatile, potentially leading to further price declines. The analyst also suggests that until Ethereum can address its internal issues and rebuild confidence, its underperformance relative to Bitcoin is likely to persist. Bitcoin Momentum And Market Structure While Ethereum struggles, Bitcoin continues to benefit from favorable market conditions and positive sentiment. Percival notes that macroeconomic factors, along with increasing regulatory clarity, have positioned Bitcoin for continued growth. The Choppiness Index, an indicator of market consolidation and trend readiness, currently signals that Bitcoin has built the necessary strength to sustain its upward trajectory. The analyst believes that Bitcoin’s current market structure supports further gains in the coming days. Particularly, after a period of consolidation, Bitcoin appears poised to extend its rally, attracting more investor interest and reinforcing its position as the leading cryptocurrency. Related Reading: Ethereum Struggles As Bitcoin Dominance Pushes ETH/BTC Pair To 4-Year Low As Ethereum grapples with its challenges, Bitcoin’s steady momentum highlights the stark contrast between the two assets’ market dynamics. However, it is worth noting that it’s not all gloom for Ethereum. According to a recent post from renowned crypto analyst Ali, Q1 might just be Ethereum’s year of sudden rebound. Q1, particularly in odd-numbered years, has historically been when #Ethereum $ETH delivers its strongest performance! pic.twitter.com/Gq2iEtRGfi — Ali (@ali_charts) January 18, 2025 Featured image created with DALL-E, Chart from TradingView

Ethereum (ETH) appears to have ‘bottomed out,’ according to crypto analyst Mister Crypto. The analyst shared this observation as investor confidence in ETH continues to wane due to the digital asset’s relatively lackluster price performance in 2024. Is Ethereum Due For A Rally? Unlike Bitcoin (BTC) and Solana (SOL), which have surged in the past year by 146% and 154%, respectively, Ethereum has risen a modest 32% over the same period. As a result, ETH holders are understandably frustrated with the digital asset’s price action, with some whales liquidating their holdings at losses of up to $1 million. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery However, some analysts now believe it may finally be time for Ethereum to break out of its stagnation. Crypto trader Mister Crypto shared the following ETH/BTC monthly chart on X, showing ETH’s price bouncing off a long-standing trendline before entering a parabolic run. This analysis aligns with a recent report highlighting ETH’s four-year low of 0.031 against BTC on the weekly chart. A potential rebound from this multi-year support level could position ETH to outperform BTC in the short term. Crypto analyst Merlijn The Trader also identified a bullish falling wedge pattern forming on Ethereum’s 2-day chart. According to Merlijn, a breakout to the upside could make Ethereum’s next move “legendary.” For the uninitiated, a bullish falling wedge is a technical chart pattern that forms when an asset’s price consolidates between two downward-sloping, converging trendlines. It typically signals a potential trend reversal or continuation, with a breakout to the upside expected once the price moves above the upper trendline. In Ethereum’s case, its price must decisively break through the $3,400 level to confirm the bullish falling wedge pattern. Failure to do so could result in ETH falling to the next major support levels at $3,000 and potentially $2,400. Finally, seasoned crypto market commentator Poseidon offered a more macro perspective on ETH’s price action. The analyst noted that Ethereum has been trading within a range for the past four years. A breakout above the critical $4,000 resistance level could propel ETH beyond $10,000, based on Fibonacci price extensions. 2025: The Year Of Altseason? A full-blown altseason typically requires ETH to lead the market. Thus, a strong 2025 for Ethereum could significantly increase the likelihood of the eagerly anticipated altseason. Fortunately, many investors are optimistic about ETH’s prospects this year. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say In December 2024, analysts at brokerage firm Bernstein remarked that ETH’s risk-reward ratio has become increasingly attractive. Similarly, Steno Research predicted that ETH could outperform BTC in Q1 2025, with a price target as high as $8,000. However, the $4,000 resistance level remains ETH’s Achilles’ heel. At the time of writing, ETH is trading at $3,280, down 2.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

Ethereum (ETH) continues to lose ground to Bitcoin (BTC) as the latter’s dominance rises, with US President-elect Donald Trump set to take office later today. At the time of writing, the ETH/BTC trading pair stands at 0.031, marking a four-year low for the ratio. ETH/BTC Continues To Decline As Trump Focuses On Bitcoin  Over the past year, Bitcoin has appreciated by an impressive 158%, surging from approximately $41,000 on January 21, 2024, to $107,608 at the time of writing. The cryptocurrency has consistently reached new all-time highs (ATH) throughout the year. In contrast, Ethereum has delivered a modest return of approximately 35% over the same period and remains 32% below its November 2021 ATH of $4,878.  Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery According to the weekly chart below from TradingView, the ETH/BTC trading pair — also referred to as the ETH/BTC ratio within the crypto industry — has reached a fresh four-year low. This decline has raised concerns about the likelihood of an Ethereum-led altcoin season. Currently trading at 0.031, the ETH/BTC ratio has erased all gains accumulated since March 2021. The pair peaked at 0.087 in December 2021, during the height of that year’s altcoin season. Since then, however, Ethereum, the second-largest digital asset by market capitalization, has experienced a steady decline against Bitcoin. In May 2024, the ratio fell below 0.054, a critical support level that had previously held firm in June 2022. Several factors have contributed to Ethereum’s underperformance, including Trump’s perceived preference for Bitcoin and the rising competition from rival smart-contract platforms like Solana (SOL). Unlike Bitcoin, Ethereum has struggled with adoption. Corporations worldwide are increasingly incorporating Bitcoin into their balance sheets, reinforcing BTC’s status as a premier digital asset. Additionally, speculation about the creation of a US strategic Bitcoin reserve has further bolstered the narrative around Bitcoin’s limited supply, driving its price higher. Conversely, Ethereum’s relatively high issuance rate has cast doubt on its “ultrasound money” narrative. Ethereum’s 2024 performance has also eroded confidence among some of its largest holders. Notably, an ETH whale recently sold 10,070 ETH at a $1 million loss, signaling waning investor trust. Will 2025 Change Ethereum’s Fortunes? While 2024 was a challenging year for Ethereum in terms of price performance, crypto analysts remain optimistic about the asset’s prospects in 2025. For example, a report by Steno Research predicts that Ethereum could surge to as high as $8,000 this year. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say Similarly, crypto analyst Daan forecasts that the ETH/BTC trading pair could rise above 0.04 during Q1 2025. In December 2024, Ethereum exchange-traded funds (ETFs) experienced renewed interest from institutional investors, fueling hopes for significant capital inflows into the smart-contract platform. That said, Ethereum must first overcome strong resistance at the $4,000 price level. At press time, ETH trades at $3,368, down 1.3% in the past 24 hours. Featured image from Unsplash, Charts from TradingView.com