Ethereum is beginning to mirror Bitcoin’s bullish momentum, steadily climbing as market confidence strengthens. After weeks of consolidation, price action is now pressing against a key resistance zone, signaling that a breakout could be near. With momentum building and structure turning increasingly bullish, a move is now coming into focus. Breakout Brewing: Why ETH’s Structure Signals Imminent Upside Michaël van de Poppe, in a recent market update, suggested that ETH is gearing up to follow Bitcoin’s upward path. The analyst, who has outlined his levels in Euros, highlighted a steady and controlled grind higher, with ETH now closing in on a crucial breakout level around €2,070 ($2,430). Related Reading: Ethereum Price Climbs Gradually, Can Bulls Break $2,400 Barrier? Price action has continued to test this resistance zone without a significant rejection. Such repeated attempts typically weaken a resistance level over time, as sell orders get absorbed and buyers gain confidence. With each retest, the likelihood of a breakout increases, pointing to a potential shift into a stronger bullish phase. Beyond the immediate barrier, he identified €2,350 ($2,759) and €2,900 ($3,400) as the next key resistance zones to watch. These levels could act as interim checkpoints, but the overall trend suggests that momentum may not stall easily at the first hurdle. A rejection around €2,350 would likely be considered a weak outcome, especially after nearly three months of consolidation below the current resistance band. Extended consolidation phases often lead to explosive moves, meaning a deeper push toward €2,900 (roughly $3,400) appears more consistent with the buildup seen on the charts. Momentum across the broader altcoin market could further accelerate if Bitcoin continues its climb toward the $84,000–$87,000 range. In that scenario, Ethereum could not only reach its projected euro-denominated targets but also set the stage for an even more aggressive upside phase. Ethereum “Movin’ On Up”: Momentum Builds Across Timeframes Donald Dean shared a bullish outlook on Ethereum, noting that both the daily and weekly charts are aligning for a strong upward move. His analysis highlights improving structure across timeframes, suggesting that ETH may be entering a phase of sustained momentum. Related Reading: Ethereum Signals Major Reversal – $2,900 Target Back In Focus On the daily chart, price is showing a clean move off a key volume shelf, with the next major pivot and target sitting around $2,970. This level could act as a launchpad for further upside if momentum continues to build. Based on Fibonacci projections, the 1.618 golden ratio points toward a significantly higher target near $6,941. From a weekly perspective, ETH is bouncing off strong support, with historical patterns indicating the potential for a 200% move, similar to previous cycles. The 1.618 extension on this timeframe comes in slightly higher at $7,332, placing both daily and weekly projections in close alignment around the $7,000 region, a confluence that strengthens the case for a major upside expansion. Featured image from iStock, chart from Tradingview.com
Bitcoin has climbed roughly 25% from its lows, touching $79,500, but analyst Gareth Soloway says the easy money from this move has already been made. The near-term target zone sits between $80,000 and $85,000. A push to $80,000 would represent just 3.5% upside from current levels. Even a stretch to $85,000 is only 8%. That …
Bitmine's ETH accumulation highlights the growing trend of digital assets as collateral, potentially reshaping financial transaction dynamics.
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The crypto market starts the week with strength and renewed bullish momentum, led by the Bitcoin price hitting $79,000. Besides, the Ethereum price is also pushing higher, heading to $2,400. The total market cap climbed to $2.64 trillion and has settled around $2.60 trillion. However, the crypto market volume has increased from $96 billion to …
Ethereum price started a fresh increase and remained stable above $2,365. ETH is now consolidating and might aim for more gains if it clears $2,400. Ethereum started a steady increase above the $2,365 zone. The price is trading above $2,370 and the 100-hourly Simple Moving Average. There was a break above a contracting triangle with resistance at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $2,330 zone. Ethereum Price Aims for Fresh High Above $2,420 Ethereum price managed to stay above the $2,320 support and started a fresh increase, like Bitcoin. ETH price gained pace for a move above $2,350 and $2,365. There was a break above a contracting triangle with resistance at $2,320 on the hourly chart of ETH/USD. The price even climbed toward $2,400. A high was formed at $2,404, and the price is now consolidating gains. It is holding gains above the 23.6% Fib retracement level of the upward move from the $2,286 swing low to the $2,404 high. Ethereum price is now trading above $2,370 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,330, the price could attempt another increase. Immediate resistance is seen near the $2,400 level. The first key resistance is near the $2,420 level. The next major resistance is near the $2,450 level. A clear move above the $2,450 resistance might send the price toward the $2,500 resistance. An upside break above the $2,500 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,565 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,400 resistance, it could start a downside correction. Initial support on the downside is near the $2,345 level or the 50% Fib retracement level of the upward move from the $2,286 swing low to the $2,404 high. The first major support sits near the $2,330 zone. A clear move below the $2,330 support might push the price toward the $2,285 support. Any more losses might send the price toward the $2,250 region. The main support could be $2,200. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,330 Major Resistance Level – $2,400
The Crypto Fear & Greed Index rose to 47, returning to the 'Neutral' zone from around 12 in 'Extreme Fear' last month.
A crypto analyst has identified a Golden Triangle, a rare structure that has been forming on the Ethereum (ETH) chart for almost nine years. According to the analyst, the Ethereum price has remained within this triangle during both bullish and bearish periods. However, he says the cryptocurrency is now approaching the apex of the triangle pattern, signaling an upcoming breakout either to the upside or downside. Depending on the direction of that breakout, the analyst has forecast ETH’s next move and possible price target. Related Reading: Bitcoin’s Big Players Are Accumulating — Is $80K Just The Start? Ethereum Golden Triangle Could Trigger A Surge To $10,000 A market analyst identified as ‘Merlijn The Trader’ on X has shared a new Ethereum price analysis, presenting both bullish and bearish scenarios. In a post shared on April 24, Merlijn said the Ethereum price is currently trading within a Golden Triangle pattern that has maintained its structure since 2017, two years after the cryptocurrency launched in 2015. According to the analyst, the pattern has withstood several major events that caused sharp price swings during all those. He pointed to the 2020 COVID crisis, when most cryptocurrencies suffered steep declines, including ETH, which also crashed significantly. Even so, he noted that Ethereum continued to hold within the Golden Triangle. The same pattern remained intact during the 2022 bear market, which followed ETH’s explosive surge to an all-time high above $4,800 in 2021. He added that even after reaching a peak in 2026 and undergoing another major correction, Ethereum remained within the triangle without breaking its structure. Because the structure has held firm through all these bullish and bearish events, Merlijn believes ETH could now be approaching a decisive breakout from the nine-year formation. Looking at his accompanying chart, he noted that ETH is moving closer to the apex, the highest point, of its Golden Triangle, where a breakout often occurs. Once the price reaches this apex, two outcomes are possible: Ethereum could either break upward or move lower through the bottom of the structure. In his bullish case, Merlijn believes an upside breakout could send ETH above $4,350 and push its price toward a measured target of around $10,000. Given how long the triangle has held, he expects Ethereum to continue trending higher, with occasional pullbacks, until eventually reaching an ambitious peak above $56,000. He placed this longer-term price target in 2028, suggesting the rally could extend over the next two years. ETH Bear Case If Price Breaks Below Triangle For his bear case scenario, Merlijn The Trader noted that if Ethereum decides to go the opposite direction to break below the triangle, that move could trigger a decline toward $1,950. Currently, Ethereum is trading above $2,300, following its latest rally that saw it surge over 36%. Related Reading: Stablecoins Go Institutional As Morgan Stanley Rolls Out New Portfolio If the cryptocurrency declines to $1,950, it would mark a more than 15% drop from current prices. Even so, despite outlining this downside risk, Merlijn remains confident that a breakout to the upside may be the likely scenario. Featured image from Unsplash, chart from TradingView
Ethereum traders are rebuilding bullish exposure to the second-largest cryptocurrency, with derivatives markets showing renewed demand for upside bets. According to CryptoSlate's data, ETH has gained about 11% this month on the back of a four-week stretch of gains, its longest in nearly a year. This uptrend pushed ETH to around $2330, its highest price […]
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The Ethereum Foundation sold 10,000 ETH on Thursday at an average price of $2,387 per token, raising approximately $23.87 million through an over-the-counter transaction with crypto firm BitMNR. The foundation disclosed the deal publicly on X within hours of its completion, including the onchain wallet address for independent verification. At current market prices, the sale …
Bitmine Immersion also spent about $10 million when it bought 5,000 ETH from the Ethereum Foundation last month.
The Ethereum Foundation's ETH sale highlights its strategic focus on sustainable ecosystem growth and innovation funding.
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Fluent launched its Ethereum Layer 2 mainnet alongside its BLEND token and a native stablecoin with $50 million in day-one liquidity.
Independent researcher Giancarlo Lelli derived a 15-bit elliptic curve key on a publicly accessible quantum computer, Project Eleven said.
Etherealize, an institutional adoption and advocacy group backed by the Ethereum Foundation, has made a bold prediction, suggesting that ETH could one day reach $250,000 before Bitcoin (BTC). The group said that if Ethereum can capture a share of the combined monetary premium of gold and Bitcoin, the upside could be massive. That target is significantly higher than ETH’s current price of around $2,300, and would require a major shift in how global markets value the cryptocurrency. It would also mean Ethereum could become more than a smart contract chain and grow into a top store of value, similar to Bitcoin. How Ethereum Could Hit $250,000 Before Bitcoin In an X post, Etherealize published a detailed report outlining the factors that could push Ethereum toward the ambitious $250,000 valuation. For Ethereum to reach that price level, the group suggested that the cryptocurrency would need to be treated as a global monetary asset. That means pension funds, sovereign wealth funds, banks, and public firms would need to buy and hold ETH at scale rather than relying solely on Bitcoin. Related Reading: Analyst Predicts A 30% Bitcoin Price Crash To $50,000, Here’s When Etherealize also pointed to supply dynamics as a major factor that could support price growth. The group explained that when ETH is staked or locked, fewer coins trade freely on the market. As a result, if demand rises while liquidity remains tight, upward price pressure could build more quickly, driving ETH higher. Beyond supply-and-demand trends, Etherealize also identified Ethereum’s ability to generate yield as a key driver of price growth. They noted that, unlike BTC, Ethereum can offer staking rewards to holders. Therefore, if global investors begin to view ETH as both a growth asset and an income-producing asset, it could strengthen its appeal as a long-term holding. Over time, the growing demand for cryptocurrency could fuel an upward momentum that could propel it toward the projected $250,000 target. ETH Price Outlook Dependent On Global Monetary Value According to Etherealize, price action alone would not be enough to carry Ethereum to a $250,000 valuation. Instead, the group noted that that ambitious target depends on Ethereum capturing the combined monetary premium of gold and Bitcoin, which is about $31 trillion. Etherealize argued that if Ethereum were to acquire part of that value, and move it across its roughly 121 million circulating supply, it could support a much higher valuation over time. Once this happens, they noted that Ethereum could begin competing for existing global stores of value. Related Reading: The Bitcoin Cycle Is Different: Crypto Expert Reveals When Price Will Cross $100,000 Again Etherealize also highlighted Ethereum’s role as a programmable blockchain that already supports a wide range of activity. In addition to being a payments currency, the crypto network also enables stablecoin issuance and real-world asset tokenization. This existing use case could also be a potential driver for ETH’s price. Ultimately, Ethereum reaching $250,000 before Bitcoin is still a long shot. However, Etherealize believes that if ETH can become the base layer for global finance, attract sustained institutional demand, and capture value currently stored in gold and Bitcoin, that ambitious target could move from pure speculation to a possible long-term outcome. Featured image created with Dall.E, chart from Tradingview.com
Ethereum price started a fresh decline and traded below $2,350. ETH is now consolidating above $2,285 and might struggle to recover. Ethereum started a downside correction from the $2,425 zone. The price is trading below $2,365 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,255 zone. Ethereum Price Trims Gains Ethereum price failed to remain stable above $2,385 and started a downside correction, underperforming Bitcoin. ETH price dipped below the $2,365 and $2,350 levels. There was a break below a bullish trend line with support at $2,340 on the hourly chart of ETH/USD. The pair traded as low as $2,286 and is currently consolidating losses. There was a minor move above the 23.6% Fib retracement level of the downward move from the $2,423 swing high to the $2,286 low. Ethereum price is now trading below $2,365 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,285, the price could attempt another increase. Immediate resistance is seen near the $2,355 level and the 50% Fib retracement level of the downward move from the $2,423 swing high to the $2,286 low. The first key resistance is near the $2,385 level. The next major resistance is near the $2,425 level. A clear move above the $2,425 resistance might send the price toward the $2,450 resistance. An upside break above the $2,450 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,510 resistance zone or even $2,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,385 resistance, it could start a fresh decline. Initial support on the downside is near the $2,285 level. The first major support sits near the $2,255 zone. A clear move below the $2,255 support might push the price toward the $2,200 support. Any more losses might send the price toward the $2,150 region. The main support could be $2,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,255 Major Resistance Level – $2,425
A new debate about Ethereum has emerged in the crypto community, as members now argue whether ETH can run the entire financial system. The discussion has caught the attention of pro-crypto lawyer Bill Morgan as well as members of the XRP community who have long advocated the XRP’s use case within global banking systems. Finance Expert Says All Banks Will “Go To Ethereum” Raoul Pal, co-founder and CEO of Real Vision, a US-based financial media company, has sparked widespread reactions in the crypto community after recently commenting on Ethereum’s potential role in the global banking system. Morgan, reacting to Pal’s comment on X, stated that the Real Vision CEO was essentially forecasting that “all banks will use Ethereum.” Related Reading: Ethereum Vs. Solana Vs. XRP: Which Coin Has Held Up Better? Morgan’s statement, which some interpreted as sarcastic, did not clearly agree or oppose Pal’s rather ambitious claim. Instead, he called it a “bold” prediction, and questioned the real conviction behind it and whether Pal was willing to bet on it. The pro-crypto lawyer shared a screenshot of Pal’s statement, in which the Real Vision CEO outlined why he believes Ethereum could eventually play a central role in the global financial system. Pal noted that he found it humorous and ironic that just one to two years ago, many market participants were dismissing ETH as a “dead” asset, arguing that its relevance had faded while questioning its long-term value. However, Pal took a different view, pushing back against that narrative by pointing to Ethereum’s underlying functionality and growth over the years. While others criticized the cryptocurrency, Pal believed the global banking system would eventually adopt ETH as a core chain. He added that this does not mean the future would become a mono-chain world where everything runs on a single blockchain. Rather, he explained that his point is based on how financial institutions typically operate. Pal pointed out that banks usually prioritize systems that prove they can survive, perform consistently, and remain sustainable over long periods. He also added that financial institutions tend to favor older technologies, since people are generally cautious of adopting new systems that could backfire and put their jobs at risk. From that perspective, he believes that Ethereum is the ideal digital network for all banks to use, as institutions mostly adopt technologies that meet those standards. Crypto Community Reacts To Pal’s ETH Claims Under Morgan’s post, members of the crypto community shared mixed reactions to Pal’s claims that the “banking system will go to Ethereum.” While some agreed with the claims, many criticized it, arguing that Pal has a history of making predictions that are “wrong and misleading.” Related Reading: Analyst Says Ethereum Just Confirmed A ‘Turtle Soup’, Here’s What It Means At the same time, some members of the XRP community pushed back, contending that XRP is the cryptocurrency more likely to be adopted by banks and pointing to past remarks of support from Ripple co-founder Brad Garlinghouse. Overall, Pal’s statements have sparked a wave of discussion in the community, with skepticism dominating many of the responses. Featured image from Peakpx, chart from Tradingview.com
Ethereum has surged roughly 36% from its recent accumulation zone, pushing the price into a critical area where momentum often gets tested. With key resistance now in play and signs of hesitation emerging, the market is approaching a decisive moment that could determine whether the rally continues or a pullback unfolds. Ethereum Surges 36% From Accumulation Zone According to Crypto Patel, ETH has surged approximately 36% from its accumulation zone, pushing the price into a critical resistance area. After such a strong move, this region is typically seen as a logical zone for swing traders to consider locking in partial profits while watching how the price reacts. Related Reading: Ethereum Just Saw Its Strongest Buy Pressure Since The 2022 Bear Market The analyst outlined several key levels that could shape the next phase of price action. On the upside, the first target sits around $2,828, marking a fair value gap (FVG) that the price may look to fill. Just above that lies the major resistance and decision zone near $2,900. On the downside, a return toward the $2,000 region would act as the invalidation point, signaling that the bullish structure has weakened. From a scenario standpoint, a decisive breakout above $2,900, especially if supported by strong volume, would confirm bullish continuation. Such a move could shift market sentiment significantly, opening the door for a much larger rally to the $10,000 region. On the flip side, failure to break above $2,900 could trigger a deeper pullback, with price likely rotating back toward the $2,000 area as part of a broader corrective phase. Ultimately, the emphasis remains on discipline and patience. Rather than chasing price or reacting to hype, the strategy is to let the market confirm its direction, which helps to avoid unnecessary risk as the next move unfolds. A Rejection At $2,400 Resistance Level Analyst Ted highlighted that Ethereum made an attempt to reclaim the $2,400 level but ultimately failed to do so. This rejection suggests that buyers are still struggling to regain control at key resistance, keeping short-term momentum on the weaker side. Related Reading: Ethereum Price Loses $2,350 Level, Traders Eye Rebound Signals Following the failure, focus is now shifting to the next key support zone around $2,250. This level is likely to be tested if selling pressure continues, and how the price reacts there will be crucial. A strong bounce could stabilize the structure, while a breakdown may open the door for a deeper correction. Currently, Ethereum is underperforming relative to Bitcoin, which adds another layer of risk. When ETH shows relative weakness, it often becomes more vulnerable during broader market pullbacks. As a result, even a modest correction in Bitcoin could have a magnified negative impact on Ethereum’s price action in the near term. Featured image from Getty Images, chart from Tradingview.com
Input Output Global, the primary software laboratory behind the Cardano blockchain, has halved its annual treasury funding request, asking the network’s decentralized governance body for $46.8 million to finance its 2026 operations. The pullback marks a deliberate transition away from single-entity dominance, pivoting the ecosystem toward a future where specialized third-party firms shoulder a larger […]
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Ethereum has been grinding below $2,400 for weeks, testing the patience of holders who have watched the recovery build slowly, but without the decisive breakout, the price structure seemed to be setting up. That breakout may have just arrived. Ethereum pushed through to $2,423 in the latest session, driven by a daily trading volume of 337,000 ETH — well above its 20-day average of 298,000 ETH — with the RSI sitting at 60.18, a level that reflects genuine upward traction without the overheated conditions that typically precede sharp reversals. Related Reading: Another $142M Staked – Bitmine Tightens Its Grip on Ethereum Supply On the surface, the technical picture is the most constructive it has been in months. Volume is expanding, momentum is positive, and the price has finally cleared a level that has acted as resistance throughout the consolidation period. According to a CryptoQuant report, however, the on-chain data beneath that surface requires a more careful reading. The move above $2,400 has not been a clean, consensus-driven breakout. Instead, the data is revealing a divergence in behavior between different categories of market participants — a split in how smaller and larger holders are responding to the same price level that changes what the current rally actually means and how durable it is likely to be. The details of that divergence are where the real story lives. Retail Is Cashing Out. Whales Are Not Moving. Discover Who Has the Upper Hand The divergence the CryptoQuant report identifies is visible in two separate layers of the on-chain data, and each one tells a different story about what is happening at $2,400. The first layer is the retail picture. Exchange inflows to Binance surged to 372,534 ETH — well above the seven-day average of 277,709 — as smaller holders responded to the price breakout by moving coins to the exchange to sell. The SOPR reading of 1.0157 confirms the motivation: coins are being transacted at a profit, meaning the participants sending ETH to exchanges are locking in gains rather than panicking out of losses. It is rational behavior. It is also creating a wall of supply that the rally now needs to absorb before it can extend further. The second layer is the institutional picture — and it tells the opposite story. The whale cohort holding between 10,000 and 100,000 ETH is currently sitting on unrealized losses, registering a negative MVRV reading of -0.002139. Large holders underwater do not sell to take losses they have not been forced to realize. They hold — and in holding, they remove the most structurally significant source of potential selling pressure from the market. The mega-whale realized price sits at $2,090.30. Marking the concrete floor below current levels, where the deepest-pocketed participants in the market built their positions. The resistance that matters most is not that floor — it is the ceiling at $2,429.30, the base price of long-term structural accumulators. The support is real. The resistance is specific. The outcome depends on which force outlasts the other. Related Reading: Ethereum Coinbase Premium Flips Bullish: Discover What Happens When US Whales Are Long Ethereum Faces Resistance Ethereum’s recovery is approaching a critical inflection point, with price consolidating just below the $2,400 level after a steady rebound from February lows near $1,800. The daily chart shows a constructive sequence of higher lows over the past several weeks, indicating that buyers have gradually regained control. However, that progress is now colliding with a dense resistance zone. The $2,350–$2,400 region aligns closely with the declining 100-day moving average, which continues to act as dynamic resistance. Multiple recent attempts to break above this area have stalled, suggesting that overhead supply remains active. The broader trend context reinforces this friction: the 200-day moving average is still sloping downward above price, signaling that the higher timeframe structure has not yet fully transitioned into an uptrend. Related Reading: Aave Is Down 18% And Carrying $196M In Bad Debt, But Smart Money Is Buying Anyway Volume patterns provide additional nuance. The recovery phase has not been accompanied by consistent expansion in buying volume, which raises questions about the strength behind the move. Without a clear influx of demand, breakouts in this environment tend to struggle to sustain momentum. If ETH can secure a daily close above $2,400 and hold it, the next resistance sits near $2,700–$2,800. Failure to break higher keeps price vulnerable to a pullback toward the $2,100–$2,200 support zone. Featured image from ChatGPT, chart from TradingView.com
JPMorgan said persistent hacks appear to push investors toward Tether's USDT, as users move funds out of DeFi during stress.
Some crypto analysts have affirmed that Ethereum (ETH) is facing a pivotal moment as it retests a major resistance barrier that could make or break the King of Altcoin’s recovery dreams. Related Reading: Dogecoin ‘Launchpad’ Ready? Analysts Forecast Big DOGE Price Move Amid Volume Spike Ethereum $2,400 Retest: Breakout or Fakeout? On Wednesday, Ethereum jumped 3.6% to retest a crucial resistance area for the third time this month, as the cryptocurrency attempts to recover from recent market jitters fueled by the US-Iran conflict. The cryptocurrency has been hovering between $1,800-$2,450 since the early February market crash, attempting to break out of this range on multiple occasions but ultimately failing. Amid the recent market recovery, ETH has surged 15% from April’s lows and sustained the upper half of its local range for the first time in three months. Now, it is trying to reclaim the crucial $2,400-$2,500 resistance area before potentially climbing to higher levels. Multiple crypto market observers noted that Ethereum has been pushing toward a breakout over the past week, reaching a three-month high of $2,464 last Friday and testing the $2,425 level today. Analyst Crypto Rand emphasized the importance of reclaiming this region for ETH’s price, affirming that consolidation above this area would “trigger a major bullish reversal” for the cryptocurrency. Similarly, Daan Crypto Trades pointed out that after today’s performance, the King of Altcoins is near its bull market band and the weekly 200 Moving Average (MA), currently at $2,450. This level was lost as support in mid-January, and a weekly close above it could open the door to a retest of the weekly 200 Exponential Moving Average (EMA), located around the $2,560 mark. On the contrary, analyst Ted Pillows shared a bearish perspective, affirming that although the price is surging, Ethereum’s spot demand “is stagnant,” which signals that the recent rally is not supported by steady spot accumulation. “Ethereum could have a liquidity grab above the $2,400-$2,450 level similar to Jan 2026,” he explained, when the price retested the $3,400 area before crashing. Traders Eye $2,900 And Beyond Despite the concerns of another correction, analyst Ali Martinez recently noted that ETH’s SuperTrend, used to identify the current market trend, flipped bullish for the first time in over a year. Per the post, the SuperTrend showed a Buy signal for the first time since the first half of 2025, suggesting the end of the current downtrend. The analyst also affirmed that if the cryptocurrency clears the $2,385 level, it could open the path to the $2,900 area. This level marks the X-axis of ETH’s three-month ascending triangle, and turning it into support would neutralize recent sell signals and confirm a major trend continuation. “With the overhead supply cleared, the technical objective for this formation is now $2,900. As long as we hold above the breakout zone, the momentum remains firmly with the bulls,” he wrote. Related Reading: Crypto Community Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack Meanwhile, Trader Tardigrade shared a macro perspective on Ethereum based on a two-year ascending channel. According to the post, the cryptocurrency retested and confirmed the channel’s lower boundary as support in the weekly timeframe during the recent market correction, pushing back into the channel over the past four weeks. “If this level holds, $6,000 is the mid-2026 target based on the channel structure,” he suggested, concluding that “Bullish momentum building.” Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum price started a fresh increase and remained stable above $2,350. ETH is now consolidating and might aim for more gains if it clears $2,425. Ethereum started a steady increase above the $2,380 zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $2,320 zone. Ethereum Price Corrects Recent Gains Ethereum price managed to stay above the $2,250 support and started a fresh increase, like Bitcoin. ETH price gained pace for a move above $2,350 and $2,380. The last swing high was formed at $2,424 before there was a downside correction. The price dipped below the $2,380 level. There was a move below the 38.2% Fib retracement level of the upward move from the $2,258 swing low to the $2,424 high. Ethereum price is now trading above $2,320 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD. If the bulls remain in action above $2,300, the price could attempt another increase. Immediate resistance is seen near the $2,385 level. The first key resistance is near the $2,400 level. The next major resistance is near the $2,420 level. A clear move above the $2,420 resistance might send the price toward the $2,440 resistance. An upside break above the $2,440 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,420 resistance, it could start a downside correction. Initial support on the downside is near the $2,340 level or the 50% Fib retracement level of the upward move from the $2,258 swing low to the $2,424 high. The first major support sits near the $2,320 zone. A clear move below the $2,320 support might push the price toward the $2,285 support. Any more losses might send the price toward the $2,250 region. The main support could be $2,200. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,320 Major Resistance Level – $2,385
Ethereum is consolidating just below $2,400, holding in a range that has defined its price action for the past several sessions as the market waits for a catalyst to determine the next directional move. The chart looks patient. The on-chain data is anything but. Related Reading: $2 Billion In Ethereum Leverage Just Evaporated: This Is What Happened Last Time Data from Arkham Intelligence reveals that Bitmine staked another 61,232 ETH — approximately $142 million — just hours ago. Bitmine is not accumulating speculatively and waiting. It is locking its treasury into the network at a pace that has become one of the most significant single-entity supply events in Ethereum’s recent history. The market implications of that behavior are structural rather than immediate. Every ETH that Bitmine stakes is removed from the liquid, immediately sellable supply. Ethereum consolidating below $2,400 looks different when framed against a backdrop where one of the asset’s largest holders is not selling, not waiting, and not reducing — but actively locking more with every passing week. $7.88 Billion Locked. And They Just Added More The scale of Bitmine’s staked position has reached a level that demands attention on its own terms. The company now has 3,395,869 ETH committed to the network — $7.88 billion at current prices — with 68.24% of its total ETH holdings staked rather than held in liquid form. The latest transaction, 61,232 ETH staked just hours ago, confirms this is not a completed strategy. It is an ongoing one. The decision to stake rather than simply hold carries a specific signal. Staked ETH generates yield but comes with exit delays — validators face an unbonding period before funds become liquid again. A company choosing to lock the majority of its treasury under those conditions is not positioning for a quick exit. It is expressing a view about where Ethereum’s value sits over a longer time horizon, in a way that a spot holding alone does not require. Related Reading: Aave Is Down 18% And Carrying $196M In Bad Debt, But Smart Money Is Buying Anyway The supply implications are direct. Every ETH Bitmine stakes is ETH that cannot be sold on short notice. At 3.39 million ETH — roughly 2.8% of Ethereum’s circulating supply — the company has removed a meaningful portion of the asset’s available float from the liquid market. That is not a sentiment signal. It is a structural one. The comparison to Strategy’s Bitcoin treasury accumulation is frequently made, and not without reason. But the staking dimension here goes further — Bitmine is not just withdrawing supply, it is embedding itself into Ethereum’s network infrastructure in a way that deepens the commitment with every additional validator activated. Ethereum Reclaims Mid-Range Levels but Higher Timeframe Resistance Holds Ethereum is attempting to stabilize after a volatile multi-month structure that remains broadly corrective on the higher timeframe. The weekly chart shows ETH recovering from the sharp February low near $1,600, with price now reclaiming the $2,300–$2,400 region — a level that previously acted as both support and resistance across multiple phases of this cycle. The current move is constructive but not yet decisive. ETH has pushed back above the 200-week moving average (red), which is now acting as a key pivot. Holding above this level suggests the market is regaining structural footing, but the real test sits higher. The 50-week and 100-week moving averages, clustered near the $2,800–$3,200 range, remain downward sloping and continue to cap upside attempts. Related Reading: XRP Is Moving Higher While Its Order Flow Stays Negative: A Gap Worth Watching Price structure also reflects a series of lower highs since the late-2025 peak near $4,800, indicating that the broader trend has not yet reversed. The recent bounce lacks the impulsive volume expansion typically associated with a trend shift, reinforcing the idea that this is still a recovery within a larger consolidation. If ETH can hold above $2,300 and build acceptance, the next logical test is the $2,800 region. Failure to do so risks a return toward the $2,000–$2,100 support zone. Featured image from ChatGPT, chart from TradingView.com
Ethereum is pushing back toward $2,400 as the market finds its footing after weeks of uncertainty, with buyers gradually reasserting control and the price beginning to build momentum from the consolidation range. The move higher is drawing attention — and a CryptoQuant analyst has identified a signal in the demand data that suggests the current strength may have more institutional backing than the price chart alone reveals. Related Reading: $2 Billion In Ethereum Leverage Just Evaporated: This Is What Happened Last Time The Coinbase Premium Index measures the price difference between Ethereum on Coinbase and Ethereum on Binance. When ETH trades at a higher price on Coinbase than on Binance, it reflects stronger demand on the US-based platform — and since Coinbase is the primary venue for American institutional investors and high-net-worth buyers, a sustained positive premium is widely interpreted as a signal that sophisticated, deep-pocketed capital is actively bidding for the asset rather than simply riding broader market momentum. Right now, the index is not just positive — it is trading above its 14-day moving average, a threshold that historically separates noise from a more sustained shift in institutional demand. That distinction matters because short-lived premium spikes can reflect temporary activity. A reading that holds above its moving average over multiple sessions reflects something more durable: a change in the posture of the participants who tend to move markets rather than follow them. The Signal Is Still On — and It Has Already Proven Itself The CryptoQuant analyst’s read on the current setup is straightforward but significant. The Coinbase Premium Index, sitting above its 14-day moving average while holding in positive territory, is not a neutral condition — it reflects US investor sentiment, particularly among whale-sized participants, leaning actively toward buying. When the largest and most informed buyers on America’s primary institutional venue are paying a premium for Ethereum relative to the global market, it tends to mean something specific: demand is coming from participants who have done the analysis and are positioning with conviction rather than reacting to price. The track record since this signal triggered makes the current reading more urgent. Ethereum has already rallied 22% from the level where the alarm first fired, pushing as high as $2,400. That move happened while this signal was active. The signal has not turned off. ETH is currently trading at $2,389 — below that $2,400 high, but within a range that still reflects the structural improvement the signal identified. The analyst’s framework is precise about what to watch: as long as the Coinbase Premium Index holds in positive territory and remains above its 14-day moving average, the conditions that produced the initial 22% rally remain intact. The setup is not guaranteed to continue. No signal is. But the specific condition that drove the most recent leg of Ethereum’s recovery is still present — and until it turns, the weight of the evidence points in one direction. Related Reading: Aave Is Down 18% And Carrying $196M In Bad Debt, But Smart Money Is Buying Anyway Ethereum Presses Into Resistance Ethereum is trading just below the $2,400 level after a steady recovery from the February capitulation, where price briefly dipped into the $1,800 range. The current structure shows a clear transition from impulsive selling to controlled upward movement, with ETH forming higher lows and gradually reclaiming short-term momentum. The key technical development is the interaction with the 50-day moving average, which price has now reclaimed and is attempting to hold as support. This marks a shift from the earlier phase of the downtrend, where the same level consistently acted as resistance. However, the broader context remains unresolved. The 100-day and 200-day moving averages are still trending downward above the current price, creating a layered resistance zone between $2,400 and $2,800. Related Reading: XRP Is Moving Higher While Its Order Flow Stays Negative: A Gap Worth Watching Price action reflects this tension. Each push higher is being met with supply, particularly as ETH approaches the $2,400 region, suggesting that market participants who were trapped during the earlier breakdown are using this recovery to exit positions. Volume dynamics reinforce the interpretation. The February spike signals forced liquidations, while the current advance is unfolding on declining participation, indicating a lack of aggressive follow-through. Featured image from ChatGPT, chart from TradingView.com
John Bollinger, the creator of Bollinger Bands, used a sharply worded post on X on April 21 to argue that Bitcoin, XRP and the broader crypto market need a break from what he sees as capital being pulled out of the sector by Washington. Bollinger did not cite a dataset or name a specific policy move, but his reference to the “current administration” landed in a market already primed to read that as a swipe at President Donald Trump’s orbit and the crypto ventures tied to it. “Can’t help but wonder if the current administration is done sucking capital out of the crypto space. Perhaps one of you can figure out how much capital they have removed from the space and make an estimate of the impact.” He then added the line that gave the post its sting: “Be nice to get back to business!” Bollinger tagged BTC, ETH, LTC and XRP, making clear he was talking about market-wide conditions rather than a single trade or narrative pocket. The Story Behind Bollinger’s Bitcoin, XRP And Crypto Thesis Bollinger’s complaint, read in context, is that crypto has spent too much time functioning as a political extraction machine and not enough time trading on its own fundamentals. That is an inference from his post, not a quantified claim by Bollinger himself, but it fits a period in which Trump-linked projects have absorbed enormous attention, liquidity and fee generation. Related Reading: XRP Indicator Turns Bullish Again After 3 Months: What’s The Next Price Target? The clearest example was the TRUMP meme coin. Entities behind the token accumulated close to $100 million in trading fees in less than two weeks after launch, while tens of thousands of smaller traders lost money. 80% of the token supply was owned by CIC Digital, a Trump business affiliate, and another related entity, meaning a large share of the economics sat with insiders from the start. Then there is World Liberty Financial, the Trump family-backed crypto venture that has become a much larger and more durable capital sink. World Liberty raised more than $550 million through sales of WLFI governance tokens, that the Trump family took a 60% stake in the business and rights to 75% of net token-sale revenue and 60% of operating revenue, and that only about 5% of the funds raised were left to build the platform itself. New token sales still send 75% of proceeds to the Trump family, even as the project proposed tighter lockups for early investors and faces a fresh lawsuit by TRON founder Justin Sun. Related Reading: 4 Signs XRP Is Moving From Bearish to Bullish: Analyst That does not prove that money flowing into Trump-linked projects is money directly taken from Bitcoin or XRP on a one-to-one basis. But it does support the broader market argument Bollinger was making: in a cycle where capital is finite, politically branded tokens, insider-heavy token sales and fee-rich speculative launches can divert risk appetite away from liquid majors and the business of trading them. If that dynamic eases, Bollinger’s call for “relief” may resonate most with investors who think Bitcoin and XRP have spent the last year competing not just with macro headwinds, but with the administration’s own crypto cash registers. At press time, XRP traded at $1.45. Featured image created with DALL.E, chart from TradingView.com
Bitmine, chaired by Fundstrat’s Tom Lee, has staked an additional 61,232 ETH worth about $142 million via Coinbase Prime, according to on-chain data. This raises its total staked Ethereum to 3.39 million ETH valued at nearly $7.88 billion, representing about 68% of its portfolio. The move comes after a recent large accumulation of over 101,000 …
A cryptocurrency analyst has highlighted how the SuperTrend for the daily Ethereum price has seen its first bullish flip in over a year. Ethereum SuperTrend Is Now Giving A Buy Signal In a new post on X, analyst Ali Martinez has discussed the latest development in the SuperTrend of Ethereum. The “SuperTrend” here refers to an indicator that tells us whether an asset is following a bullish or bearish trajectory right now. It’s based on another indicator known as the Average True Range (ATR), which measures the volatility of the cryptocurrency’s price. Related Reading: Bitcoin Fear Fading? Sentiment Hits Highest Since Mid-January The SuperTrend involves only one trendline, which takes turns acting as resistance and support, depending on which side of it the asset is trading. The price moving under or above this line can indicate a flip of trend in the market. Now, here is the chart shared by Martinez that shows how the SuperTrend has looked for the 1-day Ethereum price over the past year and a half: As displayed in the above graph, the 1-day Ethereum price was trading under the SuperTrend line since Q4 2025, but the latest market recovery has meant that the trend has finally flipped for the cryptocurrency ranked second by market cap. The shift toward a bullish trend in the indicator has arrived for the first time since the first half of 2025. Back then, the flip led into a bull rally. Given that the signal has once again arrived for ETH, it now remains to be seen whether it will hold for the asset this time as well or if it will turn out to be a temporary deviation. Related Reading: Bitcoin Recovery Still Looks Like A Bear Market Rally, Analyst Says While the SuperTrend has flipped for Ethereum, Bitcoin hasn’t been so lucky. As the analyst has pointed out in another X post, Bitcoin is yet to see its daily price break the SuperTrend resistance line. As such, at least from the perspective of the indicator, the Bitcoin recovery surge hasn’t been of a scale large enough to flip the trend. In some other news, the US Ethereum spot exchange-traded funds (ETFs) have been enjoying net inflows recently, according to data from SoSoValue. From the chart, it’s visible that the Ethereum spot ETF netflow has been green for eight consecutive days now, indicating that demand has consistently been flowing into the market via these investment vehicles. ETH Price At the time of writing, Ethereum is trading around $2,300, down over 3% in the past week. Featured image from Dall-E, chart from TradingView.com
Ethereum price started a recovery wave above the $2,300 zone. ETH is now consolidating and might struggle to continue higher above the $2,385 resistance. Ethereum started a recovery wave from the $2,250 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a rising channel forming with resistance at $2,365 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,385 zone. Ethereum Price Faces Hurdles Ethereum price remained bid above the $2,250 support zone, like Bitcoin. ETH price formed a base and started a recovery wave above the $2,300 resistance. The price surpassed the 23.6% Fib retracement level of the downward move from the $2,465 swing high to the $2,253 low. The bulls even pushed the price toward $2,350. Besides, there is a rising channel forming with resistance at $2,365 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,320 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,300, the price could attempt another increase. Immediate resistance is seen near the $2,360 level or the 50% Fib retracement level of the downward move from the $2,465 swing high to the $2,253 low. The first key resistance is near the $2,385 level. The next major resistance is near the $2,400 level. A clear move above the $2,400 resistance might send the price toward the $2,430 resistance. An upside break above the $2,430 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,385 resistance, it could start a fresh decline. Initial support on the downside is near the $2,300 level. The first major support sits near the $2,250 zone. A clear move below the $2,250 support might push the price toward the $2,200 support. Any more losses might send the price toward the $2,150 region. The main support could be $2,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,300 Major Resistance Level – $2,385
Ethereum is trying to hold above $2,300 as the market enters a consolidation phase that feels more fragile than it looks. Buyers have been present, but the price has struggled to build meaningful momentum — and a CryptoQuant analysis published today suggests there may be a structural reason for that hesitation playing out in the derivatives markets beneath the surface. Related Reading: XRP Is Moving Higher While Its Order Flow Stays Negative: A Gap Worth Watching For the second time since the March lows, Ethereum derivatives traders appear to be going through a short-term capitulation event. Open interest across derivatives platforms has fallen by more than $2 billion — a significant reduction in leveraged positioning that mirrors the deleveraging episode that preceded the end-of-March bottom. The first flush helped form a local floor. Whether the second one does the same, or signals something more prolonged, is the question the data is now raising. The bulk of the latest decline is concentrated on two exchanges. Binance recorded an open interest decline of approximately $323 million over the past seven days, while Gate.io saw a far sharper reduction — roughly $1.7 billion — bringing the combined drop on the two platforms alone to more than $2 billion. The Gate.io move is particularly striking in scale and speed, and it is the kind of single-venue flush that tends to reflect forced exits rather than orderly repositioning. The Gate.io Move Tells the Most Complete Story The scale of what happened on Gate.io over the past week puts the broader derivatives picture in sharper focus. Ethereum open interest on the exchange stood at $4.67 billion on April 14. By April 21, it had fallen to $2.88 billion — a reduction of approximately $1.8 billion in seven days, representing a 38% collapse in leveraged positioning on a single venue. Moves of that magnitude and speed typically reflect something beyond routine deleveraging. They tend to reflect traders getting out because they feel they have to, not because they planned to. The funding rate data adds the sentiment dimension that confirms what the open interest is already suggesting. Across most ETH derivatives exchanges, funding rates have moved back toward the negative levels last seen in February 2026 — the period that preceded Ethereum’s sharpest correction of the year before the subsequent recovery. Negative funding means short positions are paying to stay open, which is the derivatives market’s clearest signal that near-term sentiment has turned defensive. Taken together, the picture the CryptoQuant analysis describes is a second short-term capitulation event — leveraged exposure coming off across multiple venues simultaneously while the mood among speculative traders darkens toward caution. The constructive reading, and the one worth holding alongside the bearish surface data, is that the first capitulation event of this kind — the one that occurred at the end of March — marked a local bottom rather than a continuation. Two flushes of this nature in close succession have historically done more to clear the market of fragile positions than to confirm a deeper decline. Whether that pattern holds this time is what the coming sessions will determine. Related Reading: A $292M Hack Created $200M In Bad Debt On Aave: Here Is What That Means For Users Ethereum Consolidates Below Resistance Ethereum is trading near the $2,300 level after recovering from the sharp capitulation that drove price down to the $1,750–$1,800 range in February. The chart shows a clear shift from aggressive selling to a more controlled consolidation, with price now forming higher lows over the past several weeks. This suggests that the immediate downside pressure has eased, even if a full trend reversal has not yet been confirmed. The short-term structure is constructive. ETH has reclaimed its 50-day moving average and is attempting to hold above it, a level that had previously acted as dynamic resistance throughout the downtrend. However, the price continues to struggle below the 100-day and 200-day moving averages, both of which remain downward sloping. This alignment reinforces that the broader trend is still bearish despite the recent recovery. Related Reading: Aave Is Trading Like 2022 Again: Danger Zone Or Entry Point? Volume provides additional context. The spike during the February sell-off reflects forced liquidation and panic-driven exits, while the subsequent recovery has occurred on more moderate participation — a typical characteristic of early-stage rebounds. For Ethereum to shift its structure meaningfully, a sustained break above the $2,400–$2,600 region is required. Until then, the current price action represents a stabilization phase, where accumulation may be building, but conviction remains tentative. Featured image from ChatGPT, chart from TradingView.com
Ethereum is approaching a critical resistance zone as recent recovery attempts begin to lose momentum. With price action still showing signs of a corrective structure, attention is shifting toward the possibility of a move back to lower range levels if sellers step in at key resistance. HTF Range Aligns With Ethereum TCT Distribution Model According to crypto analyst The Composite Trader, Ethereum is currently developing within a well-defined higher timeframe (HTF) range that aligns with a TCT distribution model. This structure suggests that price action may be building toward a potential bearish rotation, with the broader range still intact and guiding market behavior. Related Reading: Ethereum Flips Key Resistance, ETF Demand Returns, Analysts Eye Next Leg Higher The analyst emphasized that full confirmation has not yet been achieved, as a clean and high-quality third tap is still required to validate the setup. That third interaction with resistance is a key component of the model, often acting as the trigger point for a more decisive move toward the lower end of the range. While waiting for this confirmation, the expert focuses on lower-timeframe (LTF) opportunities, particularly short-term accumulation setups that can drive the price upward into the anticipated third tap zone. He further explained that some of his most successful trading sequences come from linking these timeframes, capturing gains on the way up through LTF longs, then rotating those profits into short positions near HTF resistance. By treating the entire process as one continuous sequence rather than separate trades, it becomes possible to compound gains more aggressively. This strategy is rooted in the concept of ‘TCT creating TCT’, where patterns on lower timeframes build into and reinforce structures on higher timeframes. B-Wave Bounce Faces Key Resistance At $2,332–$2,420 More Crypto Online pointed out that the first major resistance for a potential B-wave bounce is positioned between $2,332 and $2,420. This zone is expected to act as a decisive barrier, where any upward move could face selling pressure and determine whether the recovery has strength or remains corrective. Related Reading: Ethereum Signals Major Reversal – $2,900 Target Back In Focus The analysis emphasizes that the structure of the bounce is just as important as the level itself. As long as any move into this resistance region unfolds in a clear three-wave pattern, it would suggest that the market is still within a corrective phase. Under this scenario, the door remains open for additional downside in the short term before a more meaningful recovery rally can develop. On the downside, the $2,037 level is identified as the key support to watch in the coming sessions. This level could act as a stabilization point if tested. Still, a decisive break below it would increase the probability of an extended correction before the next bullish phase begins. Featured image from Getty Images, chart from Tradingview.com