As the crypto market bounces, a key indicator has flashed a key bullish signal on the Ethereum (ETH) daily chart, suggesting the end of its six-month downtrend could be near. However, some analysts have warned investors of a possible bull trap and a subsequent reversal to new lows. Related Reading: WLFI Holders Face New 6-Month Lockup Rule To Gain Voting Power Ethereum Eyes Trend Reversal Ethereum kicked off the week by breaking above $2,200 for the first time in weeks, reaching a one-month high of $2,320 on Monday morning. The cryptocurrency has been trading between $1,825 and $2,150 since the early February crash, failing to break out of this range despite multiple attempts. Over the past week, the King of Altcoins has bounced 20% from last Sunday’s lows, printing seven consecutive green candles in the daily timeframe. Amid this performance, ETH has weekly closed above the $2,000-$2,150 area, setting the stage for a potential retest of the one-month resistance as support. Market observer MacroCRG affirmed that ETH is currently the strongest out of the big three: Bitcoin, Ethereum, and Solana. Notably, it has rallied over 9.7% and 14.5% in the weekly and daily timeframes, recording the strongest performance among the top 10 cryptocurrencies by market capitalization. In addition, it has moved above the 50-day Moving Average (MA) for the first time in 56 days and is back into the 12H Ichimoku Cloud for the first time in 55 days. Analyst Ali Martinez shared that another key indicator used to identify the current market trend had flashed its first bullish signal in six months, which “just signaled the end of the downtrend.” According to the X post, the SuperTrend indicator has flipped from Sell to Buy for the first time since September, highlighting the cryptocurrency’s price breakout and institutional demand. As he noted, in the last two instances in which the SuperTrend showed a Buy signal, Ethereum rallied 52% and 174%, with the latest move leading to its August all-time high (ATH) of $4,946. “We’ve survived the grind from September to March,” the analyst asserted. “The next key levels to watch are $2,400 and $2,600.” Breakout Or Bull Tap? Market watcher Ted Pillows also underscored ETH’s recent performance, asserting that now that $2,150 was reclaimed, “there’s not much resistance for Ethereum until the $2,400 zone.” However, he warned that the bullish momentum may be short-lived, suggesting a bull trap could be unfolding and a reversal toward its potential market bottom could follow the ongoing price move. “IMO, ETH could tap the $2,400 zone, as I have been saying for days, before a reversal to new lows,” the X post reads. Related Reading: XRP Gearing Up For 1,300% Rally? Analyst Sets Bold $48 Target For Next Bull Run The analyst explained that Ethereum has been trading sideways, consolidating between two key liquidity clusters: one around $2,200-$2,600 and another around $1,400-$1,700. He suggested that both liquidity clusters will be taken out in the near future. “First, Ethereum could rally towards the $2,400 level to wipe out late shorts. Then, ETH will start its reversal and hit new lows,” he cautioned. Featured Image from Unsplash.com, Chart from TradingView.com
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XRP price started a major increase above $1.50. The price is now consolidating gains and might aim for more gains above the $1.60 zone. XRP price started a steady upward move above the $1.50 zone. The price is now trading above $1.50 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $1.5220 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.580. XRP Price Extends Its Surge XRP price started a major upward move above $1.450 and $1.480, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.50 resistance. The bulls even pumped the price toward the $1.550 zone. A high was formed at $1.6068 and the price started a minor pullback. There was a drop below the 23.6% Fib retracement level of the upward move from the $1.3855 swing low to the $1.6068 high. The price is now trading above $1.50 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $1.5220 on the hourly chart of the XRP/USD pair. If there is a fresh upward move, the price might face resistance near the $1.5650 level. The first major resistance is near the $1.580 level, above which the price could rise and test $1.60. A clear move above the $1.60 resistance might send the price toward the $1.6250 resistance. Any more gains might send the price toward the $1.6320 resistance. The next major hurdle for the bulls might be near $1.650. Downside Correction? If XRP fails to clear the $1.580 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.520 level and the trend line. The next major support is near the $1.470 level or the 61.8% Fib retracement level of the upward move from the $1.3855 swing low to the $1.6068 high. If there is a downside break and a close below the $1.470 level, the price might continue to decline toward $1.450. The next major support sits near the $1.420 zone, below which the price could continue lower toward $1.3880. The main support could be $1.3680. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.520 and $1.470. Major Resistance Levels – $1.580 and $1.60.
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The post Argentina blocks access to Polymarket after early bets on February inflation appeared first on Crypto Briefing.
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Ethereum price started a major increase above the $2,250 zone. ETH is now showing positive signs and might aim for more gains above $2,400. Ethereum started a steady upward move above the $2,250 zone. The price is trading above $2,300 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,400 zone. Ethereum Price Rallies Over 10% Ethereum price extended its upward move after it cleared the $2,150 zone, like Bitcoin. ETH price was able to clear the $2,200 resistance zone. The bulls pushed the price above $2,320 and $2,350. A high was formed at $2,385, and the price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $2,062 swing low to the $2,385 high. Ethereum price is now trading above $2,320 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,120 on the hourly chart of ETH/USD. If the bulls remain in action above $2,320, the price could attempt another increase. Immediate resistance is seen near the $2,365 level. The first key resistance is near the $2,380 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 $2,450 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 $2,500 resistance zone or even $2,550 in the near term. Downside Correction In ETH? If Ethereum fails to clear the $2,400 resistance, it could start a fresh decline. Initial support on the downside is near the $2,320 level. The first major support sits near the $2,220 zone or the 50% Fib retracement level of the recent upward move from the $2,062 swing low to the $2,385 high. A clear move below the $2,220 support might push the price toward the $2,150 support. Any more losses might send the price toward the $2,100 region. The main support could be $2,050. 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 – $2,320 Major Resistance Level – $2,400
XRP may need as many as five macro cycles to push beyond $100, according to a chart shared by analyst TARA, known on X as @PrecisionTrade3, who outlined a long-range roadmap that places the token’s first nine-figure milestone far beyond the current market structure. In the post, TARA said the projection was built around price targets rather than a calendar. “Keep in mind that I measured for price only, NOT time. I used only the textbook/conservative targets and as the cycles develop, each of these targets will be adjusted with the actuals,” the analyst wrote. “This is how many MACRO cycles it could take before XRP breaks $100. Many waves, many corrections, many years.” The Projected Path Above $100 For XRP The chart (12-month XRP/USDT Binance pair) maps out a staircase of cycle tops beginning with a completed Cycle 1 target at $3.65. From there, the model points to roughly $8.68 for Cycle 2, about $22.50 for Cycle 3, nearly $59 for Cycle 4, and around $153 for Cycle 5. On that framework, XRP does not clear $100 until the fifth major leg higher. Related Reading: This XRP Level Is ‘Where Everything Changes,’ Analyst Says That immediately pushed the conversation toward timing. One commenter asked whether failing to reach $8 yet means the market is still in Cycle 2 and could therefore need “20 years plus” to reach triple digits. TARA did not commit to a precise window but suggested the path could still be lengthy at the present pace. “Yea maybe 10 years at the current rate… hard to tell… and of course SO many factors can accelerate these cycles. Price targets would remain though- it would just move through the cycle much faster.” The thread also made clear that the analyst is not calling for a straight-line move higher. When asked whether XRP could go directly from the $8.68 area to the $22.50 region, TARA said a correction would still be required, adding that a conservative retracement back toward roughly $3.65 should be expected. In a follow-up, the analyst said “2 major corrections should be expected otw to $22,” reinforcing the idea that the projected path is sequential and structurally messy, not parabolic. Related Reading: XRP Gearing Up For 1,300% Rally? Analyst Sets Bold $48 Target For Next Bull Run That longer-term map sits alongside a much more cautious near-term view. In an earlier March 9 post, TARA said XRP was still stuck between two levels already being tracked, with the .618 at $1.47 acting as resistance and the .5 level at $1.33 serving as support that needed to break lower to complete the rest of the fifth wave. The analyst said the “plan has not changed,” and that the .786 support at $0.87 was still expected before XRP “takes off for Wave 3.” That bearish intermediate setup remained intact in later replies. Asked whether XRP could still drop to $0.87 before printing new all-time highs, TARA answered yes, while noting one condition that could briefly extend the upside first. “Watching this closely now bc its trying to break above $1.47,” the analyst wrote. “If it does, and depending on BTC targeting $75.4k-$79k, it could push XRP as high as the $1.88 level and then still back down to $.87.” The same reply thread put the next major resistance at $1.88 on Binance, which TARA said roughly equates to $2.02 on Coinbase because of exchange-level pricing discrepancies. On momentum, the analyst added that Bitcoin looked set to test $75,400 soon, but said XRP’s RSI was not “breaking out,” a sign, in that reading, that the move still looked corrective rather than the start of a new trend. At press time, XRP traded at $1.50. Featured image created with DALL.E, chart from TradingView.com
Bitcoin's surge highlights market volatility amid global economic shifts, underscoring investor sensitivity to macroeconomic policy signals.
The post Bitcoin briefly touches $76,000 ahead of key economic decisions this week appeared first on Crypto Briefing.
Bitcoin price started a strong increase above the $75,000 zone. BTC is now consolidating and might aim for more gains if it clears $76,000. Bitcoin started a decent upward move above the $74,000 zone. The price is trading above $74,200 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $71,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to rise if it clears the $75,500 and $76,000 levels. Bitcoin Price Extends Rally Bitcoin price remained supported and extended its increase above the $72,500 level. BTC climbed above the $73,200 and $74,000 resistance levels. The bulls were able to pump the price above $75,000. A high was formed at $75,998, and the price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $70,293 swing low to the $75,998 high. Bitcoin is now trading above $74,000 and the 100 hourly simple moving average. Besides, there is a bullish trend line forming with support at $71,650 on the hourly chart of the BTC/USD pair. If the price remains stable above $73,500, it could attempt a fresh increase. Immediate resistance is near the $75,500 level. The first key resistance is near the $76,000 level. A close above the $76,000 resistance might send the price further higher. In the stated case, the price could rise and test the $76,800 resistance. Any more gains might send the price toward the $78,000 level. The next barrier for the bulls could be $80,000. Downside Correction In BTC? If Bitcoin fails to rise above the $76,000 resistance zone, it could start another decline. Immediate support is near the $74,500 level. The first major support is near the $73,200 level or the 50% Fib retracement level of the recent upward move from the $70,293 swing low to the $75,998 high. The next support is now near the $72,000 zone. Any more losses might send the price toward the $71,200 support in the near term. The main support now sits at $70,000, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $74,500, followed by $73,200. Major Resistance Levels – $75,500 and $76,000.
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A short message from Michael Saylor has once again stirred speculation that Strategy could be preparing another large Bitcoin purchase. Related Reading: WLFI Holders Face New 6-Month Lockup Rule To Gain Voting Power The company’s executive chairman posted a chart on X showing the firm’s Bitcoin accumulation history alongside the phrase “stretch the orange dots.” Market watchers quickly linked the message to the company’s well-known buying pattern, where similar posts have often appeared shortly before a new acquisition is announced. Familiar Signal Appears Again The chart Saylor shared tracks Strategy’s Bitcoin buying history, with each orange marker representing a completed purchase. The visual has become a recognizable signal among traders who follow the company’s moves in the market. Reports indicate the post arrived as Bitcoin traded around $74,100 after a modest rebound in the past day. Strategy, the company formerly known as MicroStrategy, has built its identity around accumulating Bitcoin. Over several years it has steadily added to its holdings, often funding the purchases through stock sales or other capital raises. Stretch the Orange Dots. pic.twitter.com/WMVPUxlIcx — Michael Saylor (@saylor) March 15, 2026 Observers say the timing of Saylor’s social media posts has developed a pattern. He frequently shares the chart on Sundays, and the company sometimes reveals a new purchase the following day through regulatory filings or announcements. The latest message did not include details about timing, size, or funding. Still, the familiar image was enough to set off discussion among investors who closely track the firm’s treasury strategy. Company Continues Expanding Bitcoin Treasury Strategy already holds the largest Bitcoin reserve among publicly traded companies. According to recent reporting, the firm recently acquired 22,337 Bitcoin for about $1.57 billion at an average price slightly above $70,000 per coin. That purchase added to a series of acquisitions over the past year as the company expanded its role as a major corporate buyer of the cryptocurrency. Earlier coverage shows the firm has repeatedly turned to capital markets to fund these buys, issuing common shares or preferred securities to raise cash. The proceeds are often directed toward additional Bitcoin purchases as part of its long-term treasury strategy. The approach has drawn both support and scrutiny. Supporters view the strategy as a bold bet on Bitcoin’s long-term value, while critics warn the company’s finances are closely tied to swings in the cryptocurrency market. Even so, Strategy has continued to add to its holdings during both rising and falling market conditions. Related Reading: XRP Faces Systematic Rigging, Major Holder Says Social Media Posts Closely Watched By Traders Saylor’s online messages have become a signal many traders watch closely. The executive often posts short phrases or charts referencing the company’s Bitcoin position. In past cases, such posts were followed by announcements confirming new purchases, reinforcing the idea that the messages hint at upcoming moves. Reports say the orange-dot chart has become the clearest visual reference for the company’s buying activity, marking each addition to its growing Bitcoin stockpile. Featured image from Blue Pacific Flavors, chart from TradingView
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The post XRP breaks through $1.5 after double-digit weekly growth appeared first on Crypto Briefing.
XRP has reclaimed the $1.40 level as the broader cryptocurrency market begins to show renewed bullish behavior after a period of volatility and consolidation. The recent move higher suggests that buyers are gradually regaining momentum, with traders closely monitoring whether the asset can sustain strength above this key psychological level. Related Reading: $61.9M Ethereum Buy Sparks Speculation – Mystery Whale Turns $1M Profit Overnight While price action indicates improving sentiment, new on-chain data suggests that underlying supply dynamics may also be shifting. According to a recent CryptoQuant analysis by Arab Chain, metrics tracking XRP liquidity on Binance point to notable changes in the balance between supply and demand. The report highlights data from the XRP Binance Scarcity Index, an indicator designed to measure the relative availability of XRP on the exchange compared to historical levels. This metric helps analysts determine whether the market is experiencing abundant supply or tightening liquidity conditions that could amplify price movements. According to the latest reading, XRP is currently trading near $1.41, while the Scarcity Index stands at approximately 0.48. A positive value indicates that the amount of XRP available for trading on Binance is below its historical average, signaling a moderate level of supply scarcity on the platform. Such conditions can increase the market’s sensitivity to new demand, as reduced sell-side liquidity may allow buying pressure to produce stronger price reactions. XRP Scarcity Index Suggests Balanced Market Conditions The CryptoQuant report also examines the historical behavior of the XRP Binance Scarcity Index to better understand how supply dynamics influence price movements. According to the analysis, periods in which the scarcity index registers positive values are typically associated with a reduction in the amount of XRP available for sale on exchanges. This decline in exchange supply often occurs when investors withdraw their tokens to private wallets or long-term storage, or when deposit flows to exchanges decrease. In such environments, the market becomes more sensitive to incoming demand. Because fewer coins are immediately available for trading, even modest buying pressure can trigger stronger price reactions as liquidity on the sell side becomes more limited. However, the data also reveals that the index has experienced significant fluctuations over time. In several instances over recent years, the metric has dropped into deeply negative territory. These phases usually reflect a surge in exchange inflows, increasing the supply of XRP available for sale and signaling that investors may be preparing to liquidate positions. At present, the scarcity index suggests a relatively balanced market structure. While exchange supply remains somewhat constrained, it has not reached the extreme scarcity levels observed during previous bullish phases. This indicates that selling pressure on Binance remains moderate, but the market has not yet entered a phase of severe liquidity tightening. Related Reading: Ethereum Whale Loads Up $152M In ETH In Three Days — How Much More Will He Buy? XRP Attempts Recovery After Prolonged Downtrend The daily chart shows XRP attempting to stabilize after a prolonged corrective phase that began following its rejection near the $3.30–$3.50 region in mid-2025. Since that peak, price action has formed a clear sequence of lower highs and lower lows, confirming a sustained bearish structure across higher timeframes. Selling pressure intensified toward the start of 2026, when XRP experienced a sharp breakdown that pushed the asset toward the $1.20–$1.30 region. This move was accompanied by a significant spike in trading volume, suggesting that the decline was driven by heavy liquidation and strong market participation. Related Reading: XRP Reserves On Binance Drop To Lowest Level Since April 2025 – A $3.7B Drain After that capitulation phase, XRP began forming a base around the $1.30–$1.40 zone, which now appears to be functioning as a short-term support area. In recent sessions, the asset has gradually moved higher, with price reclaiming the $1.45–$1.47 range as buyers attempt to regain control of the short-term trend. However, the broader structure remains cautious. XRP continues to trade below its key moving averages, which are still sloping downward and acting as dynamic resistance levels. From a technical perspective, the next important test lies near the $1.55–$1.65 zone, where previous consolidation occurred. A sustained breakout above that region could signal improving momentum, while rejection may lead to further sideways consolidation as the market absorbs the recent volatility. Featured image from ChatGPT, chart from TradingView.com
A potential US military strike on Iran’s main oil export terminal helped push Bitcoin to its highest price in over a month Monday, as traders poured money into crypto while pulling back from stocks. Related Reading: WLFI Holders Face New 6-Month Lockup Rule To Gain Voting Power Squeeze At The Top Reports show Bitcoin jumped from roughly $72,400 to $74,320 in under 30 minutes — a move sharp enough to wipe out $113 million in short positions within the hour. Based on data from CoinGlass, around 94,612 traders were liquidated in the last 24 hours, the total liquidations comes in at $385.48 million. Short sellers, who had bet on prices falling, were forced to buy back their positions as the price climbed, which pushed it even higher. By early afternoon, Bitcoin was trading near $73,900, up 2.7% on the day. War Fears, Oil Shocks, And A Crypto Bounce The backdrop was anything but calm. US President Donald Trump has been pushing allies — including Britain and Japan — to help form a coalition to reopen the Strait of Hormuz, which Iran has blocked. Reports indicate Trump is also weighing a military seizure of Kharg Island, the facility that handles roughly 90% of Iran’s crude oil exports. The threat rattled energy markets and sent oil prices climbing. But while stocks have shed trillions in value since the US-Iran conflict broke open on February 28, crypto moved the other way. The total digital asset market cap has grown by more than $310 billion since then. Bitcoin alone is up over 15% from its post-strike lows. Gold posted only modest gains over the same stretch. Traders point to a shift in where money goes when traditional markets wobble. As oil supply fears mount and inflation concerns build, some investors have been moving capital into assets like Bitcoin that sit outside the traditional financial system. Related Reading: XRP Faces Systematic Rigging, Major Holder Says ETF Inflows Add Fuel The rally isn’t just about war headlines. Continued cash flows into US spot Bitcoin exchange-traded funds have provided a steadier, quieter lift beneath the more dramatic price swings. Optimism around pending crypto legislation added to that mood heading into Monday’s market open. Still, the week ahead carries a lot of uncertainty. A pullback in geopolitical tension could ease the demand that helped drive the spike. And with leveraged buyers now holding positions near recent highs, a reversal could hit hard and fast — the same way Monday’s rally did on the way up. Featured image from Arash Khamooshi/The New York Times/Redux, chart from TradingView
Alliance DAO co-founder Qiao Wang claims Zcash may be “the last possible 1000x in crypto.” His argument is not framed around a near-term catalyst, but around a long-duration macro and technology thesis in which privacy becomes the final major unresolved market gap in digital assets. Why Zcash Could Be The Last 1000x Posting on X on March 15, Wang wrote, “continue to believe that Zcash is the last possible 1000x in crypto. Gov overreach, money printing, rise in socialism, quantum. All massive multi-decade tailwinds.” He paired that with an investment posture that sounded more like a Bitcoin-style conviction trade than a tactical altcoin call: “as with btc, don’t trade it. Accumulate during periods of apathy and hold it for 10-20yrs.” continue to believe that zcash is the last possible 1000x in crypto. gov overreach, money printing, rise in socialism, quantum. all massive multi-decade tailwinds. as with btc, don’t trade it. accumulate during periods of apathy and hold it for 10-20yrs. — qw (@QwQiao) March 15, 2026 The core of Wang’s reasoning is scale. In a follow-up post, he argued that “there’s still lots of possible 10x’s and maybe 100x’s, but a 1000x requires an extraordinarily large tam.” In other words, the bar for that kind of return is not just technical novelty or strong narrative. It requires a market large enough to absorb a multi-decade re-rating. Related Reading: Arthur Hayes Bets On MSTR, Metaplanet And Zcash As Bitcoin Liquidity Turns That idea was quickly reinforced by others in the thread, most notably Helius Labs CEO Mert Mumtaz, who pointed back to a privacy thesis he published in November under the title, “The Last 1000x in Crypto: A Privacy Thesis.” His summary was blunt: “Bitcoin started with three problems: i) legitimacy, ii) programmability and scale, iii) privacy. Bitcoin solved i) by becoming a trillion dollar asset, Solana/Ethereum solved ii), and iii) is the last remaining piece.” Mumtaz’s broader argument is that crypto’s biggest order-of-magnitude gains historically came from solving foundational deficits in the original Bitcoin design. First came legitimacy, then programmability and scale. Privacy, in his view, is the remaining open branch. Related Reading: Zcash Foundation Investigation Closed: SEC Decision Sparks 12% Jump In ZEC Price He wrote that “improvements will continue to happen on this programmability/scale branch and the Bitcoin branch, but I’m not sure we’ll see another 1,000x improvement. That is to say, I think future improvements are marginal, not order of magnitude in scale.” By contrast, he argued, “the privacy branch is the last thing remaining for asymmetric upside.” Why Zcash rather than privacy tech in the abstract? That part of the conversation turned less on code and more on credibility. Awa Sun Yin, co-founder of Anoma and a board member at Shielded Labs, recounted a rumor that circulated “in the trenches” late last year: that someone influential enough to get a meeting with the US president had been moving through political circles arguing that Bitcoin and crypto lacked privacy because “holdings and balances were visible to everyone – and seizable,” and recommending Zcash instead. Awa said the key point was not whether the story was true. “What’s relevant is that when you read or hear this story, you have an easy time believing it,” Awa wrote. “Whereas the story wouldn’t be believable if the person were recommending Monero or any other privacy coin instead of Zcash.” At press time, Zcash traded at $231.59. Featured image created with DALL.E, chart from TradingView.com
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Ethereum has reclaimed the $2,200 level as the broader cryptocurrency market shows signs of short-term strength following several weeks of volatility and uncertain momentum. The move higher suggests that buyers are attempting to regain control after a prolonged corrective phase, even as macroeconomic conditions continue to weigh on risk assets. Related Reading: $61.9M Ethereum Buy Sparks Speculation – Mystery Whale Turns $1M Profit Overnight However, a recent CryptoQuant report highlights that the broader environment remains fragile. According to the analysis, escalating geopolitical tensions between the United States and Iran have contributed to a sharp surge in global oil prices. Rising energy costs are adding new pressure to an already sensitive macroeconomic landscape. Recent US inflation data underscores this challenge. Core CPI came in at 2.5% year-over-year, while the Federal Reserve’s preferred inflation gauge, core PCE, registered 3.1% year-over-year, suggesting that inflationary pressures remain persistent. Higher oil prices could complicate the outlook further. If energy costs continue rising, inflation data for the coming months—particularly March and April—may reflect additional upward pressure. As a result, many institutional investors have begun rotating away from risk assets. The shift has coincided with a strengthening US dollar and rising long-term bond yields, both of which typically reduce liquidity available for speculative markets. Within the crypto sector, altcoins appear particularly vulnerable, with Ethereum often acting as the primary barometer of broader altcoin sentiment. Futures Dominance Signals Weakness in Ethereum’s Spot Market A recent CryptoQuant analysis by Darkfost highlights notable structural shifts in Ethereum’s market activity, particularly within the derivatives sector. According to the report, ETH open interest on Binance has declined significantly since January, falling by roughly 400,000 ETH, which represents nearly $4 billion in futures positions leaving the market. Such a reduction typically reflects a cooling of speculative leverage as traders close positions or reduce exposure following periods of volatility. However, the report notes that the derivatives market continues to dominate Ethereum’s trading activity despite the drop in open interest. One of the most striking signals appears in the spot-to-futures volume ratio on Binance, which has now fallen to its lowest level since 2023, near the end of the previous bear market cycle. Currently, futures trading volume on the platform exceeds spot trading volume by more than six times. This imbalance suggests that Ethereum’s spot market remains relatively weak, with fewer participants actively purchasing the asset outright. Instead, trading activity appears concentrated in leveraged derivatives markets. Darkfost also points to a potential factor influencing market caution. Continued sales from major ecosystem entities—such as the Ethereum Foundation or even wallets associated with Vitalik Buterin—may be contributing to investor hesitation and limiting stronger spot demand in the current environment. Related Reading: Ethereum Whale Loads Up $152M In ETH In Three Days — How Much More Will He Buy? Ethereum Approaches Key Resistance After Short-Term Breakout The 4-hour chart shows Ethereum gaining momentum after a period of prolonged consolidation that dominated price action throughout February and early March. During that phase, ETH repeatedly tested the $1,900–$2,050 range, forming a broad accumulation structure as volatility gradually declined. In recent sessions, however, buyers have regained control of the short-term trend. Ethereum has now broken above the cluster of moving averages that previously acted as dynamic resistance, including the short-term and mid-term trend indicators visible on the chart. This shift suggests improving bullish momentum and a potential transition from consolidation to recovery. Related Reading: XRP Reserves On Binance Drop To Lowest Level Since April 2025 – A $3.7B Drain Price is currently trading around the $2,260 area, which represents the next immediate resistance zone. This level previously acted as a supply region during earlier rebounds, meaning sellers may attempt to defend it again. Volume has also increased during the latest upward move, indicating stronger market participation compared to earlier attempts to push higher. Rising volume during breakouts often signals stronger conviction among buyers. From a structural perspective, the market now faces a critical test. If Ethereum manages to hold above the $2,100–$2,150 support zone, the bullish momentum could extend toward the $2,300–$2,400 region. Featured image from ChatGPT, chart from TradingView.com
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