$1.35B in Bitcoin options expire this week Do BTC bulls or bears have the upper hand?

This weeks Bitcoin options expiry sits at $1.35 billion, but what is the expected impact on BTC price?

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XRP Bulls Expect A Breakout As Price Compresses Between Key Levels Details

XRP is trading at a pivotal level as the broader crypto market regains strength and bullish sentiment returns. While macro uncertainty and volatility persist, XRP has remained resilient, holding firmly above key demand zones. The asset is now attempting to reclaim higher supply levels, with bulls pushing for a breakout that could define its next major move. Related Reading: Ethereum Consolidates As Accumulation Trend Develops New Bullish Phase Ahead? Top analyst Ali Martinez recently shared a technical view showing that XRP is currently trading within a very tight range. This period of consolidation has compressed volatility, setting the stage for a potential explosive move. According to Martinez, a decisive daily close outside this range could determine the direction of the next major trendeither a breakout toward previous highs or a drop toward lower support levels. For now, XRP appears to be leaning bullish as it tracks the momentum seen across other major cryptocurrencies. Traders are watching closely to see if XRP can reclaim the $0.70$0.75 range, which could open the door to a broader rally. Until then, the current structure suggests that XRP is coiling for a breakout, and the next few sessions could be decisive in confirming the trend ahead. XRP Trades Above $2 As Market Awaits Breakout Or Breakdown XRP is trading above the $2 mark, holding strong amid rising volatility and uncertainty across the crypto market. While bulls are showing signs of strength, they continue to struggle with the $2.35 resistance levela barrier that has capped recent upward momentum. At the same time, bears have been unable to push the price below current support levels, keeping XRP locked in a tight consolidation range. The broader market is heating up, with Bitcoin testing key resistance near all-time highs, creating an environment where altcoins like XRP could soon follow with significant moves. Analysts are closely watching this setup, with many calling for a bullish expansion phase if XRP can break through overhead resistance and confirm strength. Martinez has identified two critical levels that will likely define XRPs short-term trend: $2 and $2.26. According to Martinez, a decisive daily close outside this range could set the tone for the next major trend moveeither a breakout toward new highs or a breakdown into deeper consolidation. However, market risks remain. Ongoing geopolitical tensions between the US and China continue to influence risk sentiment, and traders remain cautious as these macro factors develop. Still, XRPs price structure shows strength, and if bulls can overcome $2.35, the asset could gain serious momentum. For now, all eyes are on XRP as it coils near key levels. The next few days will be crucial in determining whether this consolidation resolves to the upside or signals another round of range-bound price action. Either way, a major move appears to be on the horizon. Related Reading: Cardano Struggles At Resistance Expert Sees A Retest of Lower Support Levels Price Analysis: Technical Details XRP is currently trading at $2.14 after bouncing off recent lows near the $2.05 level. The 4-hour chart shows the price holding just above the 200-period simple moving average (SMA) at $2.11 and slightly below the 200-period exponential moving average (EMA) at $2.17. This positioning highlights a key zone of indecision, with bulls and bears locked in a tug-of-war around a major support and resistance confluence. The price structure remains neutral but constructive. After a failed attempt to push above the $2.30$2.35 resistance range in late April, XRP has entered a phase of consolidation. Despite the pullback, bulls have defended the $2 psychological level multiple times, indicating strong demand in that area. Volume has remained steady, and XRP appears to be forming a higher low, which could serve as a launchpad for another attempt at the range highs. A breakout above the $2.26$2.35 zone would likely confirm bullish continuation and open the path toward $2.50 and beyond. Related Reading: Ethereum Breaks Massive Downtrend Price Structure Momentum Shift? However, a breakdown below $2.05 could invalidate the current setup and expose XRP to further downside. For now, XRP remains at a pivotal level, and the next 48 hours will be critical in determining its short-term direction. Featured image from Dall-E, chart from TradingView

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Bitcoin Bulls Flock to Long Positions Before May 7 Fed FOMC Interest Rate Announcement

Bitcoin investors are eagerly jumping into long positions as they anticipate the Federal Reserve’s interest rate decision on May 7. The market is buzzing with bullish sentiment as traders take strategic positions ahead of this significant event. With the Fed’s interest rate announcement looming, Bitcoin bulls are gearing up for potential price movements. This surge [...]

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Bitcoin Bulls Gain Breathing Room As Long-Term Holder Activity Eases Glassnode

Bitcoin continues to dominate discussions, with its recent price movements drawing particular attention. As the asset struggles to reclaim its March all-time high of over $73,000, with recent attempts peaking above $71,000 earlier this week, the price has since receded to approximately $68,231 at the time of writing. This retracement marks a 7.3% drop from its [...]

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Bitcoin Analyst Says The BTC Leg Up Is Halfway: Next Stop $74,000?

Bitcoin is firm, recently trending above $71,200 and easing past local resistance levels, much to the delight of holders. However, the current leg up is just the beginning for Willy Woo, an on-chain analyst. Bitcoin Rally Getting Started: Analyst Taking to X, Woo, who has been maintaining a bullish outlook for the world’s most valuable coin, boldly asserts that the current Bitcoin rally is only halfway through its welcomed bullish journey.  Sharing a chart, the on-chain analyst notes that the Bitcoin VWAP oscillator just bottomed up from oversold territory and is now at the zero mark, which is midway. Though Woo is upbeat and expecting even more gains, the analyst didn’t specify when or at what level prices will peak. Related Reading: Shiba Inu Breaks Out Of Bull Flag Pattern-Like, Signaling Uptrend Even so, the analyst explained that a period of consolidation below the all-time high is necessary. Woo says this consolidation might allow users to accumulate before a “second leg” propels the Bitcoin to new heights. Looking at the Bitcoin daily chart, this “second leg” is expected to be a breakout moment that will lift the coin above March highs. At press time, Bitcoin is still in a bullish formation. The uptick above $68,000 and last week’s high were crucial for trend definition. Moreover, since the May 20 breakout bar is wide-ranging and has a high trading volume, the odds of trend continuation are high. If bulls follow through, confirming May 20 gains, BTC will likely break $73,800, aligning with Woo’s forecast. BTC Bull Run To Last 300 Days If There Is No Black Swan Event Besides Woo, another analyst says the Bitcoin uptrend is in full swing. Sharing a chart, the trader said that barring any unforeseen disruptions, such as the impact of a major exchange going bankrupt, it is highly likely that the current bull run will extend for another 300 days.  This prediction is based on profit and loss analysis of short-term holders (STHs) with a 90-day moving average. Currently, the STH is moving lower but is relatively higher. Analysts use the STH to determine market sentiment from short-term price movements and trader speculations. Related Reading: Why Is The Ethereum Price Up 20% Today? As sentiment improves and prices recover, the pace at which the coin edges higher will depend on external factors. Besides the impact of the United States Federal Reserve and their monetary policy declaration, inflow to spot Bitcoin exchange-traded funds (ETFs) will be crucial. After a lull, demand is picking up, helping to propel bulls. Feature image from DALLE, chart from TradingView

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Bulls In Control: Ethereum Longs See Biggest Candle Ever After ETF News

Data suggests users on Binance responded to the Ethereum exchange-traded fund (ETF) news by aggressively longing the cryptocurrency. Ethereum Net Taker Volume On Binance Has Just Seen Its Biggest Candle Ever As explained by CryptoQuant community manager Maartunn in a post on X, the Ethereum Net Taker Volume has observed a sharp increase after rumors have surfaced that the ETH spot ETFs have a renewed chance of gaining approval. The “Net Taker Volume” here refers to an indicator that keeps track of the difference between the ETH taker buy and taker sell volumes on any given centralized exchange. Related Reading: Litecoin Whales Go On $230 Million Buying Spree: Will This Change LTCs Stars? When the value of this metric is positive, it means that the taker buy or long volume is outpacing the taker sell or short volume on the platform right now. Such a trend implies a bullish sentiment is dominant among the investors. On the other hand, the indicator being negative suggests the presence of a majority bearish mentality among the users of the exchange as the shorts are outpacing the longs. Now, here is a chart that shows the trend in the Ethereum Net Taker Volume on the cryptocurrency exchange Binance over the last few years: As displayed in the above graph, the Ethereum Net Taker Volume on Binance has just registered a huge positive spike, the implying investors have just opened a large amount of longs on the platform. More specifically, the indicator’s value during this spike has been $530 million, which, according to the analyst, is the single largest spike the cryptocurrency has ever seen. “Binance-traders are longing the Ethereum ETF-news like there is no tomorrow,” notes Maartunn. This isn’t particularly surprising, considering the market is very well aware what a spot ETF could mean for the asset after having witnessed what went down for Bitcoin. The ETF news pre-approval had been bullish for BTC and while the approval itself had initially led to bearish price action, it eventually paid off for the asset as capital started rapidly flowing in through these investment vehicles and the coin enjoyed a rally that led to a new all-time high (ATH). In another X post, the CryptoQuant analyst pointed out that the Ethereum Open Interest has shot up as well. The “Open Interest” measures the total amount of ETH-related positions that are currently open on all derivative exchanges. This trend isn’t that unexpected, given that derivatives users have been opening a large amount of longs for the asset. With this rapid surge, the Ethereum Open Interest has managed to set a new ATH. Related Reading: Bitcoin Profit-Taking Has Completed, Top Analyst Reveals Historically, intense speculation has generally led to more volatility for the coin, as the risk of large liquidations happening can become high in such periods. As such, this Open Interest spike may signal some turbulent times ahead for Ethereum. ETH Price So far in the rally fueled by the ETF news, Ethereum has managed to break past the $3,800 level, which is a milestone the coin hadn’t achieved since mid-March. Featured image from Shutterstock.com, CryptoQuant.com, chart from TradingView.com

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Bitcoin Open Interest Surges to All-Time High as Bulls Rally Towards New Price Highs

Bitcoin’s open interest has surged to a new record high as bullish momentum drives the cryptocurrency towards fresh price highs. This bullish sentiment has led to increased activity in the Bitcoin market, with investors showing a heightened interest in the digital asset. The open interest refers to the total number of outstanding contracts in the [...]

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Ethereum Recaptures 10% Market Share: Why ETH Bulls Shouldnt Celebrate Just Yet

Ethereum Regains 10% Market Share: Why ETH Bulls Shouldn’t Celebrate Too Soon In the realm of cryptocurrencies, Ethereum has made a significant move by reclaiming a 10% market share, but investors shouldn’t be quick to celebrate just yet. Despite this impressive milestone, there are underlying challenges and uncertainties that ETH bulls should consider before popping [...]

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Bitcoin on the Verge of New Highs: Euphoric Bulls Suggest an Overheating Market

Bitcoin is currently on the brink of reaching new record highs, with the price surging close to this milestone. However, some analysts are wary of the overly optimistic sentiment among investors, warning that the market may be overheating. The cryptocurrency has been experiencing a significant rally in recent weeks, attracting more interest from both retail [...]

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Turbo Made Meme Coin History with AIBut BTFD Coins Bulls Squad, $0.006 Target, and 200% Bonus Are Making Headlines Now

The meme coin market has always been chaotic, unpredictableand wildly rewarding for those who get in early. Turbo (TURBO) proved that point with style. It wasnt just another token spun up for laughs. It was the first meme coin created by AI, launched by Australian artist Rhett Mankind through OpenAIs GPT-4. Turbos success sparked global attention, not just because it pumped, but because it symbolized a new kind of crypto experimenta coin for the people, designed by AI, and driven by community. For early believers, it delivered. But five months after hitting its all-time high, Turbo has pulled back over 59%, and the next big opportunity might already be here.

The post Turbo Made Meme Coin History with AIBut BTFD Coins Bulls Squad, $0.006 Target, and 200% Bonus Are Making Headlines Now appeared first on Kanalcoin.

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SHIB and PEPE Still ShineBut BTFDs 3x Coin Rush is the Best Crypto for Beginners Right Now: Act Fast to Secure 8900% Gains!

BTFD Coin is quickly becoming one of the best cryptos for beginners, offering 3x tokens and massive upside as SHIB and PEPE hold strong in the meme space.

The post SHIB and PEPE Still ShineBut BTFDs 3x Coin Rush is the Best Crypto for Beginners Right Now: Act Fast to Secure 8900% Gains! appeared first on Kanalcoin.

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Are The Odds In Bitcoin Bulls Favor? These Analysts Forecast BTCs Future

As the Bitcoin (BTC) “Halving” approaches, expectations increase about how the flagship cryptocurrency will perform. Bitcoin (BTC) is recovering momentum after facing a significant correction in the first few days of Q2, and some analysts are forecasting new heights for the number one cryptocurrency soon. Related Reading: Beyond Halving: Expert Predicts Bitcoin To Soar Above $200,000 With Surprising Catalyst Are The Odds In The Bulls Or Bears Favor? Bitcoin had its best quarterly close during Q1, 2024. Despite BTCs stellar performance, as Q2 started, the market was dragged by the leading cryptocurrencys price correction. Since then, Bitcoin has been steadily recovering, testing the $70,000 resistance level over the weekend. As the week started, BTC appeared to have regained support above the $70,000 level. Crypto analyst Ali Martinez seems to think that Bitcoins performance so far reflects a positive sentiment from investors. In an X post, Martinez shared a chart that paints an optimistic picture, at least for now. When you compare support (1.4 million addresses holding 893,000 $BTC between $68,220 and $70,325) with resistance (474,000 addresses holding 285,000 #BTC between $70,760 and $71,200), the odds appear to favor the #Bitcoin bulls! pic.twitter.com/pceCyGa8mb — Ali (@ali_charts) April 9, 2024 According to Martinezs post, the In/Out of the Money Around Price (IOMAP) indicator seems favorable to the bulls. Per the chart, the addresses holding BTC at the support level massively outnumber those holding Bitcoin at the resistance level. The chart suggests that Bitcoin is at stable support as 474,000 addresses hold 285,000 BTC between $70,760 and $71,200. Meanwhile, 1.4 million addresses hold the flagship cryptocurrency between $68,220 and $70,325. When compared, the addresses and BTC held at the support level nearly triple those in the resistance zone. To the analyst, bulls are the current victors as odds appear to favor them. Analyst Forecast Bitcoin To 90,000 Soon Captain Faibik, another crypto analyst, also seems to perceive more bullish momentum for Bitcoin. In an X post, the analyst suggests that BTCs bullish pennant upside break is confirmed on the daily chart. Per the chart, the flagship cryptocurrencys price started a consolidation period in early March, forming a pennant pattern. This pattern saw an upside breakout after Mondays daily candle closed above the $70,000 price range. Due to this breakout, the analyst forecasts a surge to the $88,000-$90,000 price range this month. $BTC Bullish Pennant Upside Breakout is Confirmed on the Daily timeframe Chart.. Now, Send Bitcoin to the 88-90k this Month. #Crypto #BTC #Bitcoin pic.twitter.com/ok2DGPXsAb — Captain Faibik (@CryptoFaibik) April 9, 2024   At the time of writing, Bitcoin remains above the $70,000 support level, only 5% below its most recent all-time high (ATH) price of $73,373. Despite the positive resistance, BTCs price performance shows a slight decrease of 2.3% from yesterday. Similarly, its daily trading volume and market capitalization have mildly dropped. According to CoinMarketCap data, BTCs daily trading volume is down by 6%, while its market cap of $1.38 trillion represents a 2.1% decrease. Nonetheless, Bitcoin remains 8.4% above its price seven days ago, trading at $70,378. Further bullish sentiment, fueled by the upcoming “Halving” event, could help the largest cryptocurrency by market capitalization consolidate its support above the current levels. Related Reading: Crypto Expert Reveals What To Expect For Bitcoin, Dogecoin, And XRP In 12-16 Months Bitcoin sits above the $70,000 support level in the 1-day chart. Source: BTCUSDT on Tradingview  Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin Bulls Rally to Defend $80K Support Amid Trade Wars Chaos, Crushing US Stocks

The recent turmoil in global trade markets is shaking up the financial world, with Bitcoin bulls stepping in to defend the crucial $80,000 support level amidst the chaos. As tensions rise between countries over trade disputes, investors are turning to cryptocurrencies like Bitcoin as a safe haven asset to protect their wealth. With the ongoing [...]

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Best 100x Crypto? Explore Dogecoin, BTFD Coin and Bonks Updates and Insights

BTFD Coins $6.59M presale surge, Dogecoins trading volume dip, and BONKs double-digit climb reveal the best 100x crypto opportunities in todays meme market.

The post Best 100x Crypto? Explore Dogecoin, BTFD Coin and Bonks Updates and Insights appeared first on Kanalcoin.

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Wishing You Bought Slerf? BTFD Coins FINAL100 Bonus, 2900% Moon Forecast, and May 26 Deadline Could Be Your Last Shot to Flip $5K into $150K

The rise of meme coins has gone from internet novelty to real-deal wealth generators. Over the past few years, tokens with quirky mascots and vibrant communities have delivered substantial returns in remarkably short timeframes. Slerf is the latest reminder of this trend. Launched on Solana in March 2024, the relaxed sloth-themed coin built a cult following and showed how personality-driven projects still have room to shine.

The post Wishing You Bought Slerf? BTFD Coins FINAL100 Bonus, 2900% Moon Forecast, and May 26 Deadline Could Be Your Last Shot to Flip $5K into $150K appeared first on Kanalcoin.

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SUI Shows Relative Strength Against Bitcoin New Uptrend In Play?

SUI has been trading with impressive strength since setting a local low around $1.71 just over two weeks ago. Since Monday, SUI has gained more than 79% in value, reflecting a surge in bullish sentiment and positioning itself as one of the standout performers in the current market environment. Related Reading: Bitcoin Rally Lacks On-Chain Support Analyst Warns Of Vanishing Network Activity However, risks remain elevated as tensions between the US and China continue to escalate, creating uncertainty across financial markets. Trade conflicts and geopolitical friction could still weigh heavily on risk assets if conditions worsen. Top analyst Kaleo shared an analysis highlighting that SUI is gaining strength against Bitcoin, marking one of the first times in recent months that an altcoin shows significant relative performance compared to BTC. This strength is notable as most altcoins have struggled to outperform Bitcoin in a market dominated by caution and defensive positioning. The next few days will be critical in determining whether SUI can sustain its breakout or if a period of consolidation will follow. SUI Leads Layer-1 Blockchains as Momentum Builds SUI has positioned itself as one of the leading Layer-1 (L1) blockchains during the recent market rally. A Layer-1 blockchain refers to a base blockchain network, such as Bitcoin or Ethereum, that processes and finalizes transactions without relying on another external chain. These networks operate independently with their own security protocols, native tokens, and decentralized validators, forming the backbone of the broader crypto ecosystem. Over the past two weeks, SUI has shown remarkable strength, significantly outperforming many other assets. If the market enters a sustained bullish phase for altcoins, SUI is likely to continue leading the pack, thanks to its recent resilience and strong relative performance. However, the environment remains extremely high risk. Some analysts are warning that current levels across crypto and equities could trigger a sharp market-wide retrace if sentiment shifts. Kaleos recent analysis on X suggests that SUIs strength against Bitcoin is a particularly encouraging sign. He notes that SUI might be one of the first major L1s to hit new all-time highs during this bounce, reflecting strong underlying demand. The next week will be critical; US equities are now testing major resistance zones, and uncertainty around the ongoing US-China trade conflict continues to weigh heavily on global markets. How financial markets react over the coming days will likely influence whether SUI can extend its rally or enters a period of consolidation alongside broader risk assets. Related Reading: Ethereum Attempts First Major Horizontal Reclaim In Months Can Bulls Hold the Line? SUI Battles Key Levels As Bulls Push Forward SUI is currently trading at $3.53 after several days of aggressive buying pressure that has propelled the price higher. The bullish momentum has been impressive, positioning SUI as one of the strongest-performing Layer-1 blockchains in the market. However, for this momentum to sustain, bulls must defend critical levels. The most important short-term level is $3.20, which aligns closely with the 200-day moving average (MA). Maintaining price action above this zone would confirm a bullish market structure and offer a solid foundation for further gains. If SUI manages to hold above the 200-day MA, it would signal strong underlying demand and reinforce bullish sentiment around the asset. Related Reading: Bitcoin Reclaims Key Levels New ATHs May Be Closer Than Expected For a continuation of this aggressive uptrend, the key challenge lies at the $4.00 mark. Reclaiming and consolidating above this resistance would open the path toward a potential new all-time high (ATH), especially if momentum remains strong across the broader crypto market. Featured image from Dall-E, chart from TradingView

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Bitcoin Under Pressure But Whales Hold Over $331 Billion Of BTC: A Sign To Buy?

While Bitcoin prices struggle for momentum and are caged inside a narrow range, on-chain data tells a different story. Taking to X, one analyst notes that whales, which are large crypto holders, are actively accumulating the world’s largest coin by market cap.  Bitcoin Whales Accumulating Despite Weakness By the time this data was shared, Bitcoin whales held over 5.1 million BTC worth a staggering $331 billion. That there is still demand when the coin moves in a narrow range flies in the face of recent market weakness and skeptics betting on even more price dumps. Related Reading: After WIF, BONK, BODEN: Top Crypto Trader Now Buys These 2 Memecoins Currently, Bitcoin is inside a range, with caps at $73,800 and $60,000. Despite overall market confidence, the coin has failed to pull higher, breaking above $70,000 even after Halving on April 20. Even though prices are firm, the absence of follow-through after April 21 and 22 hints at weakness. From the BTCUSDT price chart, the coin could explode should it break above the middle BB. If the leg up is accompanied by positive fundamental events, momentum could push the coin to all-time highs. On the flip side, BTC is likely to slip even lower should sellers flow back. The sharp rejection of bulls on April 24 is bearish. As such, this might set a wave of lower lows in motion, taking the coin below April 2023 lows. Traders Panicked Sold, Register Huge Losses Parallel market data shows panic sellers on Binance and OKX, two major crypto exchanges by trading volumes, have dumped a combined 5,137 BTC at a loss over the past two weeks. As data shows, prices have been weaving lower during this time, with bulls failing to counter the dump, especially after two consecutive losses on April 12 and 13. Related Reading: DOGE Price Prediction Dogecoin Below $0.14 Could Spark Larger Degree Drop Meanwhile, there have been sharp outflows from ARKB, the spot Bitcoin exchange-traded fund (ETF). Data shows that ARKB sold 490 BTC, worth $31 million, on April 25. This is the third-largest single-day outflow in history. Recent price pressures on BTC coincide with a marked drop in spot ETF inflows in the second half of April. On April 25, Lookonchain data revealed that GBTC and all the nine spot ETF issuers decreased over 2,100 BTC worth roughly $135 million. Feature image from Shutterstock, chart from TradingView

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Ethereum Attempts First Major Horizontal Reclaim In Months Can Bulls Hold the Line?

Ethereum is trading above $1,700 after a volatile few weeks, with bulls now trying to reclaim higher levels and flip resistance into support. Despite lingering macroeconomic tensions and the ongoing trade standoff between the US and China, markets are beginning to price in optimism as investors anticipate progress in negotiations. This renewed sentiment has lifted risk assets like ETH, which is showing early signs of a potential breakout. Related Reading: Bitcoin Reclaims Key Levels New ATHs May Be Closer Than Expected Analysts are closely watching Ethereums current price action, which suggests a possible shift in trend. Top analyst Daan shared a technical view on X, highlighting that ETH is attempting to retake its previous horizontal support around $1,750. If successful, this would mark the first time in months that Ethereum reclaims a key support level after previously rejecting it and setting lower lows. As Ethereum fights to regain lost ground, all eyes are on this critical level. A breakout here could lead to a renewed surge across the altcoin market, reinforcing growing speculation that the worst of the correction may already be behind us. Ethereum Bulls Attempt to Shift Market Structure Ethereum has rallied impressively, gaining over 32% from its local low of $1,383. This recovery has brought ETH to a critical price level, where bulls must hold and build momentum to break the broader downtrend that has defined much of 2024. A sustained move above current levels could mark a long-awaited shift in market structure, providing confidence that Ethereum is ready to trend higher over the medium term. However, broader macroeconomic forces continue to weigh heavily on investor sentiment. Ongoing trade tensions between the United States and China remain unresolved, with each new tariff threat adding further strain on global supply chains. These geopolitical pressures threaten to limit risk appetite, and any further escalation could stall Ethereums recovery. On the flip side, a diplomatic breakthrough could trigger a strong shift in investor positioning across all risk assets, including crypto. In the meantime, Ethereum must defend current levels to keep bullish momentum intact. Daan’s analysis highlighted that ETH is currently testing the $1,750 level, which previously acted as key support. If Ethereum can reclaim this horizontal zone, it would mark the first time in months that ETH retakes rather than rejects a critical level. Daan emphasized that daily closes above $1,750 are ideal and would confirm strength, potentially opening the door for a larger breakout. Related Reading: Ethereum Forms A Huge Inverse Head & Shoulders $20K Target In Sight? ETH Price Holds Key Levels, Bulls Must Reclaim $2K Soon Ethereum is currently trading at $1,770, maintaining strength above the 4-hour 200 EMAa key short-term indicator that has historically acted as both resistance and support during critical trend shifts. Bulls have managed to defend this level over the past few sessions, signaling growing confidence and momentum as Ethereum attempts to recover from its recent downtrend. Holding above the $1,700 zone is now essential to avoid triggering another wave of selling. This level has become the new battleground for bulls and bears, and continued consolidation above it may lay the groundwork for a broader rally. The next major objective is a decisive reclaim of the $2,000 level. A breakout above this threshold would mark a strong shift in sentiment and could trigger additional upside as sidelined buyers re-enter the market. Related Reading: Ethereum Adds 12% In 24 Hours On-Chain Metrics Point To Modest Resistance Ahead However, caution remains warranted. A failure to hold current support would invalidate the recovery narrative and open the door to further losses. If Ethereum breaks below $1,700 with volume, it could revisit the $1,500 level, which has acted as a historical demand zone. That would reinforce a longer-term bearish structure and delay any hopes of a full-scale recovery. Featured image from Dall-E, chart from TradingView

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Top New Meme Coins to Join Today: BTFD, DEGEN, PONKE Insights

Top new meme coins to join today include BTFDs 2900% ROI play before May 26 presale ends, with DEGENs creator buzz and PONKEs helmet utility drawing hype.

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From PNUT to BTFD: Missed One Moon? This $0.0002 Entry Could Be Your 2900% ROI RedemptionBut Stage 15 Ends Any Day Now

What if you could rewind time and grab a meme coin before it went viral? Thats exactly how early PNUT holders feltthose lucky enough to ape into Peanut the Squirrel (PNUT) when it quietly dropped on-chain back in late 2023. Launched at a tiny price of just $0.003, PNUT barely made noise at first. But those who saw the potential back then are now counting serious profits. The coin surged as retail investors and meme-lovers rallied behind its quirky branding, tight supply, and cult community. Its no longer a hidden gemits a missed train for many. But what if that same wealth window is cracking open again?

The post From PNUT to BTFD: Missed One Moon? This $0.0002 Entry Could Be Your 2900% ROI RedemptionBut Stage 15 Ends Any Day Now appeared first on Kanalcoin.

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