ETH Price
Here’s Why ETH stalled as TRUMP Token Rally drives BTC to $105K
Ethereum price tumbled 8% in 48-hours to hit $3,130 on Sunday, despite bullish sentiment dominating the crypto sector ahead of Donald Trump’s inauguration. While the likes of Bitcoin and Solana hit record highs, ETH market momentum has been considerably subdued.
Ethereum (ETH) decouples from Market Rally as Trump Token Sparks Volatility
Ethereum (ETH) paints a bleak picture as latest moves by U.S. President Donald Trump intensified volatility across the global crypto markets. On January 18, Trump announced the launch of the $TRUMP token, a memecoin hosted on the Solana network.
The $TRUMP token has seen remarkable success, starkly contrasting the President’s more publicized but controversial World Liberty Financial (WLFI) project, which faced heavy criticism and ultimately failed to gain traction.
The $TRUMP token has amassed a market cap exceeding $7.4 billion, with trading volume surging to $14.8 billion as of Sunday, January 19.
The memecoin’s rapid ascent has shaken the crypto market, surpassing the combined 24-hour trading volumes of Shiba Inu (SHIB) and Dogecoin (DOGE), making it the most-traded memecoin within 24 hours of its launch.
Crucially, the $TRUMP token rally has coincided with an unexpected downturn in Ethereum price performance.
ETH price has plunged 8% since the memecoin’s launch, dropping from $3,494 on Saturday to a weekly low of $3,130 as of January 19, as depicted in the TradingView chart above.
This sharp decline raises concerns among Ethereum’s community and market speculators about the broader implications of Trump’s crypto moves on Ethereum’s market dominance.
Ethereum Foundation’s Persistent Sell-offs dampening ETH momentum
Donald Trump’s choice of Solana as the host network for his memecoin has further tipped the scales against Ethereum in the Layer-1 smart contract network battle. Within 24 hours of Trump’s token launch, Solana’s price skyrocketed to a new all-time high of $275, while Ethereum endured a sharp 8% decline.
This suggests that many Ethereum investors have divested from ETH in favor of Solana, Bitcoin, and other tokens perceived to offer more immediate profit opportunities ahead of Trump’s inauguration.
A key factor dampening Ethereum’s short-term profitability is the persistent sell-off by the Ethereum Foundation, the core team of developers responsible for the network’s operation.
The Arkham Intelligence chart above reveals that the Ethereum Foundation has sold over 400 ETH in multiple tranches since January 7. As of press time, the Foundation’s ETH balances have dropped below 270,000 ETH.
When key insiders engage in consistent sell-offs, as observed in the ETH markets over the past weeks, it dampens bullish momentum. This behavior discourages new investors from buying-in and often prompts short-term holders to exit ETH for better-performing assets.
In summary, Solana’s rising market share, fueled by Trump’s token launch, coupled with the Ethereum Foundation’s recent sell-offs, has contributed to ETH’s price decline over the past 24 hour
Ethereum Price Forecast: $3,100 Support at Risk
Ethereum price forecast chart displays a consolidation phase, having declined as low as $3,130 within the daily time frame before rebounding 1.8% to reclaim the $3,300 territory.
The recent price volatility alligns with increased market activity ahead of Donald Trump’s inauguration, suggesting heightened speculative trading.
However, Ethereum faces critical resistance at $3,529.98, as highlighted by the Parabolic SAR (blue dots), indicating the trend remains bearish below this level.
The Donchian Channels (blue bands) define the $2,920 lower boundary as robust support. A break below this level could signal a prolonged downturn toward $2,800.
Conversely, the midline of the Donchian Channels at $3,332.42 now acts as a pivotal level for bullish momentum.Volume trends show muted buying enthusiasm compared to earlier in the year.
The declining Bull-Bear Power (BBP) readings also highlight bearish pressure. Still, should bulls reclaim the $3,529.98 resistance, Ethereum could challenge the $3,744.83 upper boundary, confirming a shift in market sentiment.
The mildly bearish narrative dominates unless buyers push Ethereum above key resistance levels. A failure to hold $3,100 support would expose Ethereum to deeper downside risks.
Frequently Asked Questions (FAQs)
Ethereum’s struggles stem from Ethereum Foundation sell-offs and investors diverting funds to Solana and Bitcoin.
The $TRUMP token’s success on Solana has diverted investor focus, negatively affecting Ethereum’s price momentum.
Ethereum’s critical support lies at $3,100, while resistance is at $3,529.98, as indicated by Parabolic SAR and volume trends.
ibrahim
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
Cardano rivals like Avalanche, Solana, Polkadot, NEAR, and Algorand are gaining market share as Ethereum faces scalability challenges.
Cardano (ADA) Tops $0.70 as Founder Predicts Ethereum Collapse
Cardano (ADA) recorded a weekly gain of 12.2%, closing above $0.70 on April 26 — its highest since February 2025.
The move follows public remarks by Cardano founder Charles Hoskinson, who stated during a CNBC interview that Ethereum’s scalability and governance limitations are likely to undermine the network within the next 15 years.
Hoskinson, an original co-founder of Ethereum, highlighted issues around layer-2 reliance, decentralization trade-offs, and ecosystem fragmentation as critical vulnerabilities.
“Without fundamental reform, Ethereum risks disintegration by 2040,” Hoskinson said, citing longstanding market concerns regarding the network’s technical roadmap.
Ethereum’s transition toward rollups and modular scaling, including recent updates such as Dencun, has not eliminated bottlenecks related to cost and throughput.
These factors has seen Cardano rivals like Solana, Avalanche and a handful of others gain ground on Ethereum in recent weeks.
Cardano Rivals to Watch if Ethereum Collapses by 2040
Notably, Charles Hoskinson founding member of Ethereum before exiting to found Cardano. Hence its unsuprisingly that his prediction of Ethereum’s collapse weighs heavy on market sentiment.
If Ethereum continues to lose market share, Avalanche, Solana, Polkadot, NEAR Protocol, and Algorand are some 5 Cardano rivals to watch in the months ahead, based on recent price trends, ETF filings and institutional demand for these assets.
Avalanche (AVAX)
Avalanche’s high transaction throughput, customisable subnets, and enterprise integrations strengthen its case as a scalable smart-contract platform.
Solana (SOL)
Solana ETF applications by Franklin Templeton, Grayscale, and VanEck remain under SEC evaluation, with decision deadlines in October 2025 according to Bloomberg chief ETF analyst Eric Balchunas.
Solana’s fast transactions through-put and growing decentralized finance (DeFi) traction continues to drive institutional and developer interest.
Polkadot (DOT)
NEAR Protocol (NEAR)
Algorand (ALGO)
In summary:
Hoskinson’s assessment of Ethereum’s future emphasizes growing concerns surround the long-term viability of the pioneer smart-contract blockchain network. Despite a leadership shuffle at the Ethereum Foundation in early March 2025, key on-chain benchmarks like scalability, governance, and decentralization resilience remain clouded under pesimism.
As regulatory clarity improves and technological differentiation widens, Cardano rivals like platforms like Avalanche, Solana, Polkadot, NEAR, and Algorand, able to meet those demands are expected to gain market share.
Frequently Asked Questions (FAQs)
Hoskinson predicts Ethereum’s scalability, governance issues, and reliance on layer-2 solutions will undermine its viability within 15 years.
Avalanche, Solana, Polkadot, NEAR Protocol, and Algorand are top contenders to gain market share if Ethereum collapses by 2040.
ETF filings forAvalanche, Solana, Polkadot, NEAR, and Algorand signal growing institutional interest and acceptance, which could drive prices higher.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
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
Etheruem price retraced below the $1,700 mark on Tuesday, April 22, as bulls struggled to contain an initial 3% rally.
Galaxy Digital pivots to Solana amid Ethereum headwinds
Galaxy Digital has exchanged roughly $106 million worth of Ethereum (ETH) for Solana (SOL), according to blockchain data analytics platform, Lookonchain.
The trades occurred over the past two weeks on Binance, suggesting a significant portfolio reshuffle away from Ethereum.
This move comes as ETH price fell below $1,700 on Tuesday, after intially rallying to a new monthly peak of $1,725 around noon CET.
The firm’s transactions reflect a broader shift in institutional sentiment. Market data shows decreasing Ethereum holdings among large entities, reinforcing the narrative that confidence in ETH may be waning. Galaxy’s portfolio’s reshuffling coincides with a continued decline in Ethereum’s decentralized exchange volumes.
Ethereum dominance declines as scalability challenges persist
Ethereum’s market dominance has dropped to under 7%, marking its lowest point in years. Analysts cite ongoing scalability issues, high gas fees, and lagging Layer 2 adoption as contributors to its weakened position in the crypto ecosystem.
While Ethereum continues to lead in developer activity and protocol TVL, competitors like Solana are gaining traction due to faster transaction speeds and growing ecosystem support. Galaxy Digital’s decision to increase its exposure to SOL could signal broader adoption shifts within institutional portfolios.
Ethereum Price Forecast Today: ETH Faces Resistance Near $1,725, Pullback Towards $1,600 Could Follow
Ethereum price forecast today shows a strong intraday surge, closing at $1,701 after tapping a high of $1,725. However, the move stalls just beneath the upper Bollinger Band at $1,672, suggesting overextension.
The wide Bollinger Bands reflect heightened volatility, and the current candlestick piercing the upper band hints at a short-term overbought condition. Price may retrace toward the midline around $1,607, or further to the lower band near $1,542 if selling pressure intensifies.
Momentum indicators lend additional insight. The MACD histogram has flipped bullish, and the MACD line has crossed above the signal line, indicating short-term upside momentum. Yet, this follows an extended bearish cycle through early April, and the MACD reading remains below zero—an indication that the broader trend still lacks strength.
If Ethereum sustains above $1,725, a breakout toward $1,800 is possible. However, a failure to close above that level would confirm a resistance rejection. In that case, expect sellers to target $1,600 in the near term, especially if market volumes fail to confirm the breakout.
Frequently Asked Questions (FAQs)
Ethereum’s price has fallen due to reduced market confidence, network congestion, and institutional investors reallocating funds to alternative blockchains.
Ethereum’s market dominance has declined to under 7%, its lowest in years, amid rising competition from scalable Layer 1 networks like Solana.
Institutions are shifting to Solana due to its faster transaction speeds, lower fees, and Ethereum’s ongoing scalability and performance limitations.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
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
ETH Price
Ethereum Price Eyes $3,000 as Arizona’s SB 1373 Sparks $91,000,000 Exchange Withdrawals in 48 hours
Ethereum price is showing early signs of a breakout after Arizona’s SB 1373 bill catalyzed $91 million in institutional ETH withdrawals.
Ethereum Consolidates at $1,600, but On-Chain Metrics Signal a Major Breakout
Ethereum (ETH) is consolidating near $1,600, setting the stage for a potential 80% rally as Arizona advances toward launching a state-backed digital asset reserve. Senate Bill 1373—dubbed the Strategic Digital Assets Reserve Bill—cleared a key House committee this week, marking a major milestone in U.S. crypto policy.
If enacted, SB 1373 would authorize the Arizona State Treasurer to hold and manage a diversified portfolio of digital assets, including Bitcoin, Ethereum, stablecoins, and NFTs.
The bill integrates crypto seized by law enforcement and allows the state to invest up to 10% of its annual budget in digital assets—potentially unlocking hundreds of millions in capital inflows.
ETH price has finally breached the $16,15 resistnance at press time on Saturday, April 19, having remained below $1,600 for the better part of the week. The momentum from this Arizona state’s legislative vote has sparked speculation of a broader crypto market breakout—similar to the 80% rally observed after Bitcoin first broke above $50,000 following the approval of spot ETFs in January 2024.
$91M in ETH Withdrawals Confirm Institutional Accumulation
According to on-chain data from CryptoQuant, Ethereum exchange balances fell more than 3% this week. Between April 17 and April 19, ETH holders withdrew approximately 57,000 ETH—valued at over $91 million at current prices—shortly after Arizona’s legislature advanced the Digital Assets Reserve Bill.
This significant outflow suggests strategic investors are accumulating ETH in anticipation of a macro shift. Historically, when large volumes of Ethereum are moved off exchanges during a price consolidation phase, it’s interpreted as a bottom-formation signal or bullish reversal setup.
Arizona Bill Signals Legitimacy Boost for Bitcoin, Ethereum and NFTs
The implications of SB 1373 go far beyond Arizona’s borders. It’s the first serious legislative effort to institutionalize crypto within state-level finance, creating a precedent other U.S. states could follow.
The bill’s broad definition of digital assets—including Bitcoin, Ethereum, stablecoins, and NFTs—demonstrates intent to build a modern, diversified state treasury, managed securely through institutional-grade custody solutions.
If Governor Katie Hobbs signs it into law, the move could act as a legitimizing catalyst, prompting institutional allocators to reevaluate ETH’s position in long-term investment portfolios.
Ethereum Price Forecast Today: Momentum Builds Toward $1,750 Amid Thinning Exchange Supply
Ethereum is trading at $1,619, showing early signs of upward momentum following recent policy optimism from Arizona’s pro-crypto legislation. Ethereum price forecast today leans bullish as technical indicators align with strong accumulation signals, positioning ETH for a breakout toward the $1,750–$1,800 resistance zone.
The Bollinger Bands are compressing, with price action hovering near the midline at $1,657, suggesting volatility expansion is imminent. As ETH price floats near the 20-day moving average, Ethereum is attempting a reversal from oversold conditions.
The Volume Delta indicator confirms net positive inflows over the last 48 hours, with green volume bars outpacing red, supporting a bullish divergence. If ETH closes above the $1,657 mid-band resistance, the next target is the upper Bollinger Band at $1,896. A daily close above $1,700 would invalidate the recent downtrend.
However, a failure to hold $1,585 support risks dragging ETH down to the lower Bollinger Band at $1,418. Still, Ethereum’s tightening volatility band and improving volume structure indicate that the path of least resistance is currently skewed to the upside.
Frequently Asked Questions (FAQs)
SB 1373 is legislation allowing Arizona to create a state-managed crypto reserve, investing up to 10% in digital assets.
Large withdrawals suggest institutional investors are accumulating ETH in anticipation of a long-term bullish trend sparked by Arizona’s crypto policy.
Yes, if bullish momentum continues and the bill passes into law, ETH could rally toward $3,000 based on historical breakouts.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
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
Dogecoin Confirms Daily Trend Reversal With Breakout, Retest, And New Uptrend
Ethereum community members propose new fee structure for the app layer
Crypto Investors Sue Nike, Accuse Apparel Giant of Rug Pull After Abrupt Closure of Metaverse Business: Report
Top cryptocurrencies to watch: Pi Network, XRP, Sui
This Week in Crypto Games: Ubisoft’s ‘Might & Magic’, ‘Peaky Blinders’ in Development
Why Arbitrum-Nvidia Partnership Collapsed – And What It Means for Web3
Tariff Carnage Starting to Fulfill BTC’s ‘Store of Value’ Promise
The cost of innovation — Regulations are Web3’s greatest asset
Best Crypto to Buy as Derivatives Exchange CME Set to Launch XRP Futures
Metaplanet Buys Additional ¥1.92 Billion Worth Of Bitcoin
Here Are Four Signs the Stock Market Has Bottomed, According to Fundstrat’s Tom Lee
Bitcoin dips below $94,000 as ETFs record $3b weekly inflow
Bitcoin Post-Halving Price Performance Is the Worst on Record. Why?
Expert Predicts Start Date For Pi Network Price Pump
GameFi Tokens Show Signs of Life After Gala Games, White House Tie-Up
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
Expert Sees Bitcoin Dipping To $50K While Bullish Signs Persist
3 Voting Polls Show Why Ripple’s XRP Price Could Hit $10 Soon
Aptos Leverages Chainlink To Enhance Scalability and Data Access
Bitcoin Could Rally to $80,000 on the Eve of US Elections
Crypto’s Big Trump Gamble Is Risky
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
The Future of Bitcoin: Scaling, Institutional Adoption, and Strategic Reserves with Rich Rines
Sonic Now ‘Golden Standard’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x
Has The Bitcoin Price Already Peaked?
A16z-backed Espresso announces mainnet launch of core product
Xmas Altcoin Rally Insights by BNM Agent I
Blockchain groups challenge new broker reporting rule
I’m Grateful for Trump’s Embrace of Bitcoin
24/7 Cryptocurrency News6 months agoArthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
Bitcoin3 months agoExpert Sees Bitcoin Dipping To $50K While Bullish Signs Persist
Ripple Price1 month ago3 Voting Polls Show Why Ripple’s XRP Price Could Hit $10 Soon
24/7 Cryptocurrency News4 months agoAptos Leverages Chainlink To Enhance Scalability and Data Access
Bitcoin6 months agoBitcoin Could Rally to $80,000 on the Eve of US Elections
Opinion6 months agoCrypto’s Big Trump Gamble Is Risky
Bitcoin5 months agoInstitutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Altcoins3 months agoSonic Now ‘Golden Standard’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje
✓ Share: