Connect with us

24/7 Cryptocurrency News

Here’s Why a Massive Ethereum Price Rally is Next

Published

3 days ago

on


Despite being the second biggest cryptocurrency, Ethereum has witnessed the worst quarterly price performance of 5 years in Q1 2025. With continuous bears’ dominance and macroeconomic events putting downward pressure on the altcoin, it is down significantly. However, that might change as the ETH price chart shows a bullish sign.

Ethereum Price Up for Rally As Buying Signal Flashes

Ethereum’s downtrend resulted in the token’s crashing to a low of $1,400 earlier in the month. Experts have attributed this fall to investors’ bearish sentiments and the overall crypto market crash. However, the Ethereum price drop against Bitcoin to its lowest in years indicates underlying performance issues.

While the selling sentiments remain, a buy signal has formed in the ETH price chart, presenting the possibility of a rebound. According to the crypto analyst Ali Martinez’s X post, the TD sequential indicator is presenting Setup 9, i.e., an indicator of trend reversal.

ETH may be gearing up for a major rebound, with the TD Sequential flashing a buy signal on the weekly chart!

Ethereum price rebound

The “9” is historically proven to mark the end of the bearish trend and present buying opportunities. Moreover, the smaller body size of the candle suggests weakening selling pressure and traders opting to buy.

Besides, no major resistance near the chart exists, so a smooth uptrend can form unless any major macroeconomic event interferes.

Symmetrical Triangle Formation Supports Ethereum Price’s Bullish Outlook

With a 3% recovery over the week, Ethereum currently trades at $1,639.91 with a market capitalization of $197.88B. Although the recovery is slow, the token moves in a symmetrical triangle formation, simultaneously opening the possibility of an uptrend or a downtrend.

If the ETH price moves up, it could rally to $1,900, but a downside move could result in a crash to $1,380. Although uncertainty remains amid Trump’s tariff trade war, the long-term bullish Ethereum price prediction is sustained.

ETH price

Considering the same, a crypto whale has just opened a $12.6M ETH Long with 5x leverage, influencing investors’ sentiments.

Frequently Asked Questions (FAQs)

Persistent berish investor sentiments, broader crypto market crash, and macroeconomic events drive the poor performance of Ethereum.

After a 3% recovery during the week, Ethereum currently trades at $1,639.91 but could hit $1,900 with the confirmation of bullish momentum.

The ETH price chart shows that investors’ buying interest is rising and selling sentiments are declining. Even whales are placing long leverage, showcasing rising confidence in the altcoin.

✓ Share:

Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market. As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

24/7 Cryptocurrency News

Dogecoin Price Breakout in view as Analyst Predicts $5.6 high

Published

12 hours ago

on

April 17, 2025

By


A Dogecoin (DOGE) price breakout past its previous All-Time High (ATH) price is gradually becoming possible amid the current market setup. While still tied in a long-drawn consolidation, a potential breakout is ahead for the memecoin, according to predictions from market analysts.

Dogecoin Price and Open Interest Outlook

As of this writing, DOGE’s price has changed hands for $0.1569, which has increased by 3.3% in the past 24 hours. This price trend is a testament to how resilient the DOGE price is, having traded at a low spot value of $0.1532. The memecoin has traded at a very close range during this period.

The current DOGE outlook shows a bullish trend in the futures market as showcased by Open Interest data. Data from Coinglass pegs the total Dogecoin committed to the futures market at 9.87 billion DOGE. This was valued at $1.54 billion and has skyrocketed by more than 5% in 24 hours.

Top crypto exchanges like Binance, OKX, and Bybit saw the highest DOGE open interest record. While the price traded at a relatively close range, the open interest commitment proves that traders with leverage are betting on the asset. 

DOGE Price to $5.6?

Optimism trails Dogecoin, despite its spot value now trading down 78.71% from its ATH of $0.7376. Market analyst Dogedog told his more than 58,600 followers on X that the price of DOGE is heading to $5.6.

While Dogegod did not provide a timeline or much context for his prediction, he highlighted how the memecoin breaks falling wedges. The analyst is not alone in his projection for the coin, as an earlier DOGE price analysis, Ali Martinez, predicted a $0.29 rally for the asset in the near term.

Although this price trend is not unrealistic, the broader market slowdown may serve as a bottleneck. Key performance metrics already tipped the Dogecoin price in line for a short-term breakout. With trading volume up 6% to more than $586 million as of writing, retail interest in the coin has further skyrocketed.

Dogecoin remains the lead among altcoins being considered for an exchange-traded fund (ETF) product. As reported earlier by CoinGape, 21Shares filed for a spot Dogecoin ETF, the latest asset manager to make the move. The belief is that an approval can usher in institutional funds, which can help fuel the coin’s price growth.

✓ Share:

Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

24/7 Cryptocurrency News

Here’s What to Expect From TOWNS Token Price at Launch?

Published

1 day ago

on

April 17, 2025

By


Towns, an on-chain decentralized messaging platform, is launching its native TOWNS token with an airdrop in 2025. The Towns association with the Base blockchain network has made it popular among crypto investors. Many are awaiting this token launch, especially as the platform raised $35.5M in funding backed by a16z, Coinbase Ventures, and others. In this blog, let us discuss the key details around the TOWNS token launch and potential price.

Towns Airdrop, Token Listing Date & Other Details

The TOWNS token launch with an airdrop is set to happen in Q2 2025 (before June). It will have a total supply of 10 billion, and 57% is allocated to the community. The remaining 35% is allocated to the team and investors, and 8% to initial node operators and delegators.

Interestingly, 10% (1 billion) is allocated for the airdrop going live before June. Notably, the listing date, eligibility criteria, and the TOWNS token price have not yet been finalized. However, the community discussions reveal that it is among the most anticipated crypto airdrops in 2025.

Towns token airdrop

How to Qualify for Towns Airdrop?

Since the eligibility criteria for this airdrop are still due, the interested users can follow the following steps to potentially qualify. This includes:

  1. Setting up Base wallet with at least $10 in ETH
  2. Signing up with Towns’ platform
  3. Creating a Town group chat
  4. Continuous engagement with the platform, including joining paid Towns
  5. Completing activities for rewards/ points

Although these steps do not necessarily make users eligible, these are common crypto airdrop requirements. Similarly, the PAWS airdrop is in motion, which was delayed due to last-minute eligibility changes.  Investors must stay updated with the airdrop notifications.

What can you expect from the TOWNS Token Price at Launch?

Towns’ decentralized platform has gained a significant milestone, showing investors’ interest in the upcoming airdrop. It includes the 1 million+ membership purchases, 332,000+ group chats, and much more.

Based on the potential hype among investors (around launch), circulating supply, potential top crypto exchange listing, and similar launches, experts anticipate the TOWN token price to be between $0.025 and $0.05 at launch. However, this is just an anticipation and could go differently.

Frequently Asked Questions (FAQs)

The eligibility criteria are not out yet, but experts anticipate proper interaction with the platform, including creating a Town group chat is important to be eligible.

The token will be launched with a total supply of 1 billion, and 57% is allocated to the community, 35% to the team and investors, and 8% to initial node operators and delegators.

The team has not officially announced the launch price, but experts calculate it between $0.025 and $0.05.

✓ Share:


Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

24/7 Cryptocurrency News

Court Grants Ripple And SEC’s Joint Motion To Suspend Appeal

Published

2 days ago

on

April 16, 2025

By


In the latest development in the long-running XRP lawsuit, the US Court of Appeals has granted Ripple and the SEC’s joint motion to suspend their respective appeals. This will give both parties time to finalize the settlement in the long-running legal battle.

XRP Lawsuit: Court Grants Ripple & SEC’s Joint Motion

As revealed in a court document, the US Court of Appeals has granted Ripple and the US Securities and Exchange Commission’s (SEC) joint motion to hold the appeal in abeyance. The court has further directed the Commission to file a status report within 60 days of this order.

This court order consequently suspends the ongoing appeal and cross-appeal filed by the SEC and Ripple, respectively. As CoinGape reported, both parties had filed the joint motion to suspend the appeals in light of them reaching a settlement.

The SEC and Ripple argued that holding the appeal in abeyance will help conserve judicial and party resources while they both continue to pursue a negotiated resolution of this matter.

In March, Ripple agreed to drop its cross-appeal against the SEC following the latter’s decision to drop its appeal in the long-running XRP lawsuit. However, the matter is yet to be finalized as both parties revealed in the filing that they need additional time to obtain the Commission approval for their agreement-in-principle.

Once approved, both parties will still need to get an indicative ruling from the District Court. As part of the agreement, Ripple and the SEC had agreed that the former would only pay $50 million out of the $125 million penalty that Judge Analisa Torres awarded against the crypto firm. The Commission also agreed to request that Judge Torres lift the standard injunction that it imposed on Ripple.

Possible Reason For The Delay?

It remains unclear why the Commission has yet to approve the agreement in the XRP lawsuit. However, a possible reason could be that the SEC is holding out for Paul Atkins to assume office.

As CoinGape reported, the US Senate has confirmed Atkins as the next SEC Chair. The next step is for US President Donald Trump to sign off on the confirmation and swear him in as Gary Gensler’s successor.

Once the Commission approves the agreement, Ripple and the SEC will ask Judge Torres for relief from her earlier judgment. Once that happens, the Court of Appeals can strike out the appeal and remand the case to the District court for a full ruling on the agreement.

✓ Share:

Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading
Advertisement [ethereumads]

Trending

    wpChatIcon