The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ethereum is trading above the $2,150 level after pulling back from recent highs near $2,380 reached earlier this week, reflecting a cooling phase following a short-term surge in bullish momentum. The retrace suggests that while buyers were able to push prices higher, follow-through demand remains limited as the market digests recent gains. Related Reading: XRP Liquidations Accelerate After $1.50 Breakout: Short Squeeze Unfolds Beneath the surface, derivatives data is revealing a more consequential shift in market structure. According to a CryptoQuant analysis, Ethereum leverage on Binance has not only recovered from the October 10 market-wide deleveraging event, but has now expanded to new highs. Notably, Binance stands out as the only major exchange where leverage metrics have fully surpassed previous levels, signaling a concentrated buildup of risk. This development carries important implications. The rapid re-expansion of leverage suggests that traders are once again increasing exposure through derivatives, reinforcing Binance’s role as the primary venue for ETH positioning. More importantly, it indicates that price discovery is increasingly being driven by leveraged activity rather than spot demand. In this context, Ethereum’s current structure reflects a market where momentum is still present, but increasingly dependent on derivatives-driven flows rather than organic accumulation. Leverage Dominates Ethereum’s Market Structure The analysis highlights a critical shift in Ethereum’s derivatives landscape. The Estimated Leverage Ratio (ELR)—which measures open interest relative to exchange reserves—shows that over 75% of ETH exposure on Binance is now leveraged. At the same time, Binance holds approximately 3% of the total ETH supply, around 3.4 million ETH, underscoring the exchange’s central role in price formation. What stands out is the speed of this leverage expansion. Rapid gains and minimal consolidation suggest that derivatives activity, not sustained spot demand, drove much of Ethereum’s recent upside. This creates a structurally different market environment. Leverage-driven markets tend to behave asymmetrically. While they can extend trends aggressively in the short term, they also become increasingly fragile as positioning builds. Crowded trades emerge, where even minor catalysts—whether macro, technical, or liquidity-driven—can trigger liquidation cascades and sharp reversals. In this context, the signal is unambiguous: leverage is leading the move, not confirming it. While this dynamic can support continuation in the near term, it also elevates the probability of sudden volatility spikes. Related Reading: Ethereum Holds Above $2,300 As Open Interest Expansion Reinforces Uptrend Stability Ethereum Struggles to Reclaim Structure After Breakdown Ethereum’s daily chart shows a fragile recovery attempt following a decisive breakdown below key support levels, with price currently hovering around the $2,150–$2,200 region. The sharp decline in early February marked a clear loss of structure, as ETH fell below its 200-day moving average, confirming a shift from bullish to corrective conditions. Since that breakdown, price has been attempting to stabilize, forming a short-term base between $1,900 and $2,200. The recent bounce toward $2,300 indicates some return of demand, but the move lacks strong continuation, suggesting that buyers are still cautious. Related Reading: Ethereum Whales Step In: $33M ETH Withdrawn From Exchanges In Hours Technically, Ethereum remains below all major moving averages, which are now sloping downward and acting as dynamic resistance. The rejection near the short-term averages reinforces the idea that the market is still in a bearish or transitional phase, rather than a confirmed recovery. Volume patterns add further context. The initial selloff was accompanied by a significant spike in volume, indicative of forced liquidations, while the subsequent recovery has occurred on relatively lower participation—pointing to limited conviction behind the bounce. For Ethereum to regain momentum, a sustained reclaim of the $2,300–$2,500 zone is required. Until then, price action remains vulnerable to further downside pressure. Featured image from ChatGPT, chart from TradingView.com
The carpool and ride-sharing platform, which already accepted Bitcoin for customer payment, moves to crypto treasury despite challenges of price declines.
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Google upgrades AI Studio with Antigravity agent, enabling developers to build full apps with backend, auth, and deployment from prompts.
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A recent rebound in the Ethereum price has brought renewed focus to an analyst who accurately identified its local bottom. With price now recovering sharply from that region, the same market watcher has outlined the next key levels that could determine Ethereum’s direction in the coming weeks. Ethereum Price Breakdown To Reversal Confirms Analyst’s Call Ethereum’s earlier decline unfolded through a series of failed bullish structures, gradually weakening confidence in the uptrend. The first sign of trouble emerged when a bullish flag pattern broke down near the $3,700 level, cutting short expectations of continuation. This was followed by a more decisive shift as an ascending triangle failed, leading to a breakdown below the $3,000 support zone. Related Reading: Why Bitcoin Price Could Stage A Stronger Rally Than Previous Bull Markets As the Ethereum price moved lower into the $2,000–$1,850 range, the analyst highlighted $1,800 as a critical level to watch. According to him, holding that level would likely trigger a recovery toward $2,650, while losing it could expose a deeper move toward $1,300, identified as a stronger accumulation zone. Price action ultimately respected the bullish scenario. Ethereum stabilized within the $1,800–$1,900 range, where buying pressure emerged and formed a base. From there, the market began to recover, delivering a gain of roughly 28% from the entry zone identified by the analyst. Building on that accuracy, Ethereum reclaimed previously resistant levels. The analyst noted a bearish flag near $2,150 that eventually broke, signaling a short-term momentum shift. A move above $2,300 further strengthened the recovery, showing buyers were regaining control. The market’s trajectory ultimately confirmed the analyst’s call, proving his forecast precise and reliable. Ethereum Builds On Accurate Call With FVG Target And $3,000 Test Ahead Attention has now shifted to a target identified by the analyst as the next likely area of interest: the Fair Value Gap (FVG) between $2,474 and $2,734. The analyst highlights this zone as a potential point where Ethereum may revisit before making a more decisive move. According to him, a push above the upper boundary—particularly past $2,634—would increase the likelihood of a test toward $3,000. Related Reading: Bitcoin And US Election Cycles: An Age-Long Romance That Says $400,000 Is Possible That level is expected to act as a key decision point. While the recovery has been strong, overhead resistance remains, including prior support zones that have turned into resistance and a descending trendline visible on the chart. These factors suggest that any move into $3,000 will be closely contested. At the same time, the analyst maintains that holding above $1,750 is essential to preserving the current uptrend. A break below that level could weaken the structure and reintroduce downside risk. By closely tracking price action, the analyst outlines what to expect next: a clear progression from breakdown to accumulation, now moving toward a potential expansion phase as Ethereum approaches its next major test. Featured image created with Dall.E, chart from Tradingview.com
The exchange is expanding AI use across surveillance, compliance and trading as machines take over decision-making, leaving humans as the final checkpoint.
For decades, the benchmark for US risk lived on US time. S&P 500 opened at 9:30 a.m. Eastern and closed at 4:00 p.m., with premarket whispers and after-hours fragments filling the gaps. On Mar. 18, that constraint began to crack. S&P Dow Jones Indices licensed the S&P 500 to Trade[XYZ] to launch the first officially […]
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Bitcoin is under pressure on the shorter timeframe, trading below a critical resistance zone after failing to hold recent gains. The bulls have not shown up yet and the structure points toward at least one more low before any meaningful recovery can be confirmed. Where Bitcoin Stands Right Now Bitcoin got rejected at the resistance …
In 2023, Celo voted to pay quarterly CELO grants to Opera to fund its deployment across the web browser's Mini App ecosystem.
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Amundi's tokenized fund launch signifies a shift towards integrating blockchain in institutional finance, enhancing liquidity and operational efficiency.
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Crypto analyst CrypFlow has revealed that the signal that started the last 2 altcoin seasons has returned. The analyst pointed to bullish indicators of the ‘Others’ chart against Bitcoin, which signal that capital may be flowing to lower-capped tokens. Signal Points To Another Altcoin Season as Capital Flows From Bitcoin In an X post, CrypFlow stated that the signal that started the last two altcoin seasons is forming again. He explained that every major altcoin expansion has started the same way, with the others/Bitcoin chart breaking out of a falling wedge, and that then the Squeeze Momentum turns green. Related Reading: Expert Says There Will Be No Altcoin Season In 2026, Here’s Why The analyst remarked that when these two indicators align, altcoins start to massively outperform Bitcoin, as seen during the 2017 and 2021 altcoin seasons. However, he noted that this cycle was different as the Squeeze Momentum stayed red for years after the 2021 bull cycle peak. CrypFlow noted that this meant a prolonged Bitcoin dominance, with no real altcoin season happening since the last one in 2021. That could change soon, though, as the others/BTC chart has broken out of another multi-year falling wedge and momentum is rising again. The analyst added that if the Squeeze Momentum flips green, the same conditions that triggered previous altcoin seasons could return. CrypFlow also mentioned that when that happens, the biggest moves usually start when nobody expects them. Blockchain Center data shows that it is not yet altcoin season, with the index currently at 49. The altcoin season index needs to hit 75 to be classified as an altcoin season, with 75% of the top 50 coins by market cap outperforming Bitcoin during that period. Bitcoin continues to lead the way at the moment, with altcoins mirroring its price action. Notably, BTC’s dominance is currently at 58%, a level it has maintained since the start of the year. Crypto analyst Javon Marks also echoed CrypFlow’s sentiment, noting that similarities and macro trends in altcoin setups continue to point to altcoin season being in its early stages. Another Sign That Points To An Altcoin Season In an X post, crypto analyst CW revealed that Ethereum is forming an 8-year-long convergence and will break through it during this bull market. The analyst declared that this altcoin season will be at the level of the 2017 cycle, not the 2021 cycle. “Investors do not remember how strong the 2017 altcoin season. The 2026 Alt Season will be stronger than 2021,” he added. Related Reading: The 8-Year Ethereum Convergence That Says An Altcoin Season Stronger Than 2021 Is Coming Amid predictions of an imminent altcoin season, market expert Benjamin Cowen has suggested that the focus should be on Bitcoin. In an X post, he said that over time, everything in the cryptoverse eventually bleeds back to Bitcoin. He added that after people have engineered all sorts of different things, but that after a cycle or two, it all just bleeds “back to the king.” Featured image from Pixabay, chart from Tradingview.com
Bitcoin’s price discovery is increasingly driven by derivatives positioning and institutional synthetics rather than spot demand, signaling a structural shift in how crypto markets move.
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The prediction market and MLB will exclusively work together "to restrict markets that present an integrity risk."