Altcoin
Why Ethereum Price is Crashing?
The Ethereum price is continuing its downward trend, aligning with the broader negative market sentiment. As Bitcoin hovers around the $95k level, Ethereum (ETH) is struggling to regain momentum. However, market experts remain optimistic about the Ethereum price’s potential bullish rally, destined to reach new all-time highs.
Notably, the crypto market is once again on a bearish track, with the total market cap sliding to $3.13 trillion, down by 2.26%. Top 15 cryptocurrencies, including Ethereum, XRP, Solana, and BNB have experienced massive declines over the last seven days.
Ethereum Price Continues to Fall: What’s Next?
According to an X post shared by crypto enthusiast Crypto Fella, Ethereum is “heavily undervalued.” Despite the Ethereum price’s continuous descending journey, Crypto Fella remains confident about the token’s hike. The analyst stated, “Patience will be rewarded.” The daily chart presented by Crypto Fella indicated that Ethereum’s surge past $3,500 is imminent.
CryptoHotep, a crypto trader, noted Ethereum’s possible growth to around $3200 in the short term. Meanwhile, Moralis, an analytics platform, has made a bold prediction that Ethereum’s price could skyrocket to the highly anticipated $7k level. According to the platform, Ethereum will hit $7,340 or even higher in 2025.
Is Ethereum’s Journey to $20k Possible?
In a recent analysis, the crypto influencer known as X as Cryptosahintas shared an ambitious target for the Ethereum price. The analyst identified ETH’s key support and resistance levels since 2017. While the analyst highlighted ETH’s current price level as a critical support zone, the rally past the mark could boost Ether to a breathtaking high of $20,000.
Ethereum USD ⏳⏳⏳$ETH #ETH #Ethereum pic.twitter.com/i8KeHYni8k
— Cryptosahintas (@Cryptosahintas) February 7, 2025
Ethereum’s bullish prediction is further bolstered by Michael van de Poppe’s analysis of the crypto market. As per van de Poppe, altcoins including Ethereum could witness a remarkable upswing, primarily driven by Trump’s ETH acquisition.
Hong Kong Recognizes BTC and ETH as Valid Assets
Reportedly, Hong Kong has accepted Bitcoin and Ethereum as valid proof of assets for investment immigration applications. While the development underscores the city’s increasing affinity towards cryptocurrencies, it signals both tokens’ significant market moves.
Despite the prevailing crash, both Bitcoin and Ethereum have shown signs of recovery following the pivotal moment. Though ETH is trapped in a low-point zone, there are speculations that the token will have a 3x increase in the year.
2024 vs 2025: Will History Repeat?
The Ethereum price currently stands at $2,619.57, having dropped 2.85% over the past 24 hours. Looking at the broader picture, ETH has experienced a significant decline of 19.4% over the past week and 22% over the past month.
Entrepreneur Ted drew a parallel between Ethereum’s trajectory in 2024 and its projected path in 2025. At the onset of 2024, ETH stood at $2.1k. After retesting major levels, Ethereum pumped 100% just within six weeks. This comparison signals the Ethereum price’s possible jump in the coming weeks.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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.
The crypto market has rebounded strongly from its recent turmoil, reaching a value of $2.65 trillion with a 1.30% increase. In tandem with this trend, Dogecoin’s price has surged by almost 2% over the past day. Analysts remain optimistic about DOGE’s potential for a bullish rally, further fueling the current upward momentum.
Will Dogecoin Price Reach $5?
In a recent X post, market analyst CryptoELITES shared a bullish forecast for Dogecoin price. The analyst predicted that DOGE will reach $5 in the near future. To strengthen their analysis, CryptoELITES presented a historical chart that signals Dogecoin price’s target of $5.
Meanwhile, Trader Tardigrade has identified the formation of a 5-wave Descending Broadening Wedge on the 4-hour chart, indicating an impending breakout. Following a confirmed RSI bullish divergence, Dogecoin ($DOGE) rebounded to test the descending resistance line of the wedge. According to the analyst’s predictions, Dogecoin could reach $0.1780.
Increased Whale Activity and ETF Frenzy Spark Bullish Resurgence
During the last crypto market correction, Dogecoin dipped by nearly 20% falling from $0.22 to $0.17. However, large Dogecoin investors or whales have utilized the opportunity to amass 1.7 billion DOGE worth $298 million in just 72 hours.
Reflecting on this increased whale activity, analyst Lumen projected Dogecoin price’s surge to $0.5. He added that the target is possible if DOGE surges past $0.2 before the ETF approval.
Interestingly, crypto expert DOGECAPITAL posited that the Dogecoin price could reach an ambitious point of $90 by the end of 2025.
In a recent development, the US Securities and Exchange Commission (SEC) has reportedly delayed its decision on approving ETFs for Dogecoin (DOGE), XRP, Solana, and Litecoin, despite growing anticipation. However, ETF Store President Nate Geraci remains optimistic, asserting that the ETFs will ultimately be approved.
Why $2 is a Pivotal Target for Dogecoin Price?
Notably, $2 has been a pivotal target for the Dogecoin price. Many crypto experts have predicted DOGE’s potential rally targeting around $2. For instance, Dogecoin co-founder Billy Markus projected Dogecoin price’s possible surge to $2.3, marking a staggering 500% uptick.
Similarly, analyst Javon Marks underscored DOGE’s potential to hit $2.3, citing historical patterns. According to Changelly, DOGE will reach the projected $2.3 by July 2032.
As of press time, DOGE is valued at $0.1614, with an uptick of 3.64% over the past 24 hours. Despite the daily surge, Dogecoin price saw massive declines of 17% and 34% over the past week and month, respectively.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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.
The latest update from cryptocurrency exchange Binance nabbed substantial investor attention globally. An update from the platform on Wednesday revealed that users are poised to witness five new spot listings shortly ahead. A stockpile of other new trade services for the same will follow. In turn, market participants weigh considerable optimism on the assets’ future price movements amid enhanced market support.
Binance Reveals Spot Listings For 5 New Crypto Pairs
In an official release dated March 12, Binance revealed that it will open trading for the following pairs starting March 13 at 08:00 UTC.
- CVC/USDC
- EURI/USDC
- SYN/USDC
- USDC/RON
- VELODROME/USDC
What’s More?
Further, the top crypto exchange will also commence trading bot services for the abovementioned pairs on the same date and time. In particular, users are to enjoy ‘Spot Algo Orders’ services on these pairs.
As a response, market participants anticipate rising trading volumes in these assets amid enhanced market offerings that attract investors. This saga could potentially bolster price actions despite the recent broader market turmoil.
Why Did Binance Reveal These Listings?
Notably, the exchange’s announcement added that this decision is to expand the list of trading choices offered to users. With this, the crypto exchange behemoth continues to cement its global ranking, offering users top-notch trading opportunities.
However, the announcement also revealed that users in the following regions cannot trade these pairs:
- Canada
- Cuba
- Crimea Region
- Iran
- Netherlands
- North Korea
- Syria
- United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands)
- Any non-government-controlled areas of Ukraine.
“RON is fiat currency and does not represent any other digital currencies,” Binance added.
Can These Crypto Rally?
For context, usual market sentiments about prices remain highly positive amid new spot listings on crypto exchange giants. Primarily due to the platform’s colossal user base, market watchers anticipate a huge money influx in tokens in light of the enhanced trade offerings.
However, it’s also worth taking into account the broader crypto market turmoil with investors’ cautious approach. Notably, the crypto sector faces immense pressure amid rising U.S. recession fears and Trump’s tariff chronicles. Nevertheless, traders and investors continue to eye Binance’s updates, expecting gains in the wake of rising market exposure.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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.
In a groundbreaking revelation, 21Shares announced a significant reduction in the management fees for its Bitcoin Ethereum Core ETP (ABBA). In addition, the ETP provider listed ABBA on the Xetra exchange, effective March 12, 2025, aiming to make crypto investments more affordable and accessible.
Notably, 21Shares’ ABBA offers investors a cost-effective way to invest in both Bitcoin and Ethereum, with the added security of being fully backed by these two leading cryptocurrencies. Let’s now unveil how the latest development will provide advanced investment opportunities in Bitcoin and Ethereum.
21Shares Lowers ABBA’s Management Fees and Lists on Xetra
According to a press release, 21Shares, one of the world’s largest ETP providers, announced the reduction of management fees for its Bitcoin and Ethereum Core ETP (ABBA) to 0.49%.
Significantly, the fee reduction coincides with the listing of ABBA on the Xetra exchange, which took effect on March 12, 2025. Backed by BTC and ETH, the 21Shares ABBA has become an even more compelling investment option with its reduced management fee of 0.49%. It offers investors a convenient and cost-effective way to tap into both leading cryptocurrencies.
ABBA’s Xetra Listing: 21Shares’ European Expansion
Interestingly, 21Shares is envisioning the expansion of ABBA’s availability. Thus, the ETP provider has listed ABBA on Xetra, Deutsche Börse’s leading trading platform for exchange-traded products, expanding its availability. Commenting on the development, Mandy Chiu, Head of Financial Product Development at 21Shares, stated, “We are committed to continuously improving our product offerings to meet the evolving needs of our growing pool of investors worldwide.”
The listing of ABBA on Xetra is a strategic step in 21Shares’ expansion plans, aiming to enhance liquidity, accessibility, and transparency for European investors. Thus, the development ultimately solidifies the company’s presence in the region. Chiu further stated,
At 21Shares, our mission is to provide investors with the most efficient and innovative crypto investment products. Reducing the fees on ABBA and bringing it to Xetra are important steps in making Bitcoin and Ethereum more accessible through a trusted and regulated investment vehicle.
This move follows the US Securities and Exchange Commission’s (SEC) decision to postpone the approval of several ETFs, including 21Shares’.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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.
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