Ethereum
Ethereum Spot ETFs Unlikely To Get Green Light In May: Tron Founder

Expectations that the highly anticipated Ethereum Spot Exchange-Traded Funds (ETFs) will be approved by the United States Securities and Exchange Commission (SEC) have continued to drop. In this regard, Justin Sun, founder of the Tron network, has made a significant prediction on the regulatory chances of Spot Ethereum ETF, indicating that it is unlikely that the approval will come through by the May deadline.
Uncertainty Around Ethereum Spot ETFs
Early this year, the cryptocurrency industry was optimistic about the Ethereum spot ETFs, but as the decision date of May 23 approaches, there seems to be rising pessimism about the SEC approving the products.
Tron founder, Justin Sun, seems certain that the spot ETH ETFs will not be approved by the SEC in the following month, expressing negative sentiment. According to Sun, in order to assist authorities and regulators in understanding cryptocurrency, the crypto industry still needs to get ready for a lengthy education process, even though he thinks the industry has already been here.
The post read:
My honest opinion (NFA) is that an Ethereum ETF won’t be approved in May. The crypto industry still needs to prepare for a long-term education with regulators, focusing on helping them understand crypto. But we have always been here, haven’t we?
Sun is not the only popular figure in the crypto space that has recently expressed doubt about the spot products getting a green light from the regulatory watchdog. Last week, the President of the ETF store, Nate Geraci hinted that the products might not be accepted because of the SEC’s much-reduced involvement with ETH spot ETF issuers in comparison to prior interactions.
While Geraci believes that this is correct logically, he also wonders if the Commission took a lesson from the clown show with Spot Bitcoin ETFs. However, the president has identified two potential outcomes for the spot ETH ETFs, which include Commission clearance or legal action.
Spot ETH ETFs Approval Odds Plummets
Since the request for a spot ETH ETF arose, the likelihood that the exchange funds will be approved in May has gotten thinner. Data from Polymarket, a decentralized prediction market platform, shows that the chances of acceptance are now estimated at 11%. When the Spot ETFs for Bitcoin were approved on January 10, the odds were measured at 76%, suggesting a significant decrease over time.
Also, Bloomberg Intelligence analyst Eric Balchunas has put his approval odds around 35%, which is a drop from his initial prediction of 70% in February. The Bloomberg expert indicated that he believes the Commission should approve the spot ETH ETFs for several reasons.
However, this time, none of the sources or signs that provided him with an optimistic 2.5-month prognosis for Bitcoin spot ETFs are present. Even though Balchunas’ odds toward the May deadline have decreased, he believes the spot products are likely to get accepted in the long term.
Featured image from iStock, chart from Tradingview.com
Ethereum
Whales Accumulate 470,000 Ethereum In One Week – Bullish Momentum Ahead?


Ethereum is now trading above the $2,000 mark after several days of struggle, marking a potential turning point for the second-largest cryptocurrency by market cap. ETH had plunged over 38% since late February, sparking panic among investors when the price broke below the critical $2,000 level and briefly fell under $1,800. This sharp drop led many to question whether the broader altcoin market was entering a prolonged bear phase.
However, the recent recovery and price stabilization above $2,000 have renewed optimism among Ethereum holders. Many investors believe the worst may be over and that ETH could begin building the foundation for a sustained recovery in the coming months.
Supporting this sentiment, data from Santiment reveals that whales have bought roughly 470,000 ETH over the past week. This notable accumulation from large holders suggests growing confidence in Ethereum’s long-term potential, even amid recent volatility. Historically, whale accumulation has preceded major price rallies, adding to speculation that Ethereum could be gearing up for a significant upward move.
While uncertainty remains, current on-chain signals and market behavior hint that ETH may be preparing for a bullish breakout — if bulls can defend key support levels and reclaim higher ground.
Ethereum Builds Momentum Amid Potential Recovery
Ethereum is showing signs of life after a prolonged period of consolidation and selling pressure. The recent push above the $2,000 mark has given bulls a critical opportunity to reclaim control and ignite a recovery uptrend. However, price action remains uncertain, with the market caught between expectations of a continued downtrend and hopes for a meaningful reversal.
Bulls must now defend the $2,000 support level with strength. This price point has been a major psychological and technical barrier over the past few months, and a solid hold above it could provide the foundation for a broader rally. A failure to maintain this level, however, could invite further downside pressure and signal the continuation of the bearish trend.
Adding to the growing optimism is new on-chain data shared by top analyst Ali Martinez. According to Santiment, Ethereum whales have accumulated roughly 470,000 ETH in the past week. This surge in accumulation from large holders suggests confidence is returning to the market and could indicate that smart money is positioning for a potential move higher.

Historically, heavy whale buying has often preceded major price increases, serving as a leading indicator for broader market sentiment. If bulls continue to step in and Ethereum maintains its footing above $2,000, a recovery toward $2,300 and beyond may soon be on the table.
ETH Price Hovers Above $2,000 As Bulls Try To Find Momentum
Ethereum is trading at $2,090 after a sharp rebound from recent lows, marking its first sustained move above the $2,000 level in weeks. This area has become a critical battleground between bulls and bears, as ETH has struggled below this mark since early March. Now, with price action pushing higher, bulls must defend this support zone to maintain momentum.

To confirm a meaningful recovery, Ethereum must break above the $2,200 resistance—an area aligned with previous consolidation and short-term moving averages. A successful reclaim of this level would likely ignite renewed bullish momentum and open the path toward $2,300 and higher.
However, if bulls fail to hold the $2,000 mark, selling pressure could return quickly. A breakdown below this level would signal weakness and potentially send ETH back toward the $1,800 zone, which served as a recent bottom during the sell-off.
Momentum is slowly shifting, but the next few trading sessions will be crucial. Ethereum needs sustained buying volume and stronger confirmation above $2,200 to establish a true bullish reversal. Until then, the $2,000 line remains the key level to watch as the battle for direction continues.
Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Ethereum
Ethereum Analyst Eyes $1,200-$1,300 Level As Potential Acquisition Zone – Details

Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Ethereum is facing mounting pressure after weeks of relentless selling and underwhelming price action. Since January, bulls have failed to regain control, and ETH has continued to bleed value in a market increasingly dominated by fear and uncertainty. With no clear signs of a reversal, the coming weeks could bring more pain for investors holding long positions.
Related Reading
Global financial markets remain on edge as trade war fears and geopolitical tensions intensify. This hostile macro environment has driven investors away from high-risk assets like cryptocurrencies, and Ethereum has been one of the hardest hit. The weakness in price reflects not only technical breakdowns but also a broader lack of confidence in short-term recovery.
Top analyst Big Cheds recently shared a technical analysis showing Ethereum is now trading at $1,840 — a staggering drop from its $3,400 level earlier this year. According to Cheds, this confirms the continuation of the current downtrend, with ETH now moving into lower demand zones that could offer limited support.
Unless bulls step in with strength, Ethereum’s outlook remains bearish. The market is watching closely to see if $1,800 can hold — or if deeper losses lie ahead as momentum continues to favor the downside.
Ethereum Under Pressure As Key Levels Collapse
Ethereum is in a critical position as it continues to lose key support levels under mounting selling pressure. After briefly reclaiming the $2,000 mark in recent weeks, ETH has once again fallen below this crucial threshold — a failure that has intensified bearish sentiment and placed bulls in a defensive stance. With each failed recovery attempt, investor confidence weakens, and analysts are now calling for a deeper correction in the coming weeks.
The situation is particularly delicate as Ethereum serves as the backbone for much of the crypto ecosystem. A sustained downtrend in ETH doesn’t just impact its own holders but also influences the broader altcoin market and DeFi sectors that rely on Ethereum’s price strength for momentum. The continued decline has heightened concerns that a prolonged bear phase may be unfolding.
Big Cheds shared a bearish technical outlook, pointing to the severity of ETH’s drop from its $3,400 local high to the current $1,840 level. According to Cheds, if the downtrend continues, the next key accumulation zone to watch could be between $1,200 and $1,300 — a range that previously acted as a strong base during earlier cycles.

If Ethereum falls to that zone, it would represent a correction of over 60% from its recent peak. Such a move would signal a major breakdown in structure and test long-term investor conviction. For now, bulls must fight to hold the $1,800 level and attempt to reclaim lost ground. Without a shift in momentum soon, the road ahead for ETH looks increasingly challenging — and the broader market may follow its lead downward.
Related Reading
Key Resistance Levels Remain Untouched
Ethereum is currently trading at $1,840, continuing to show weakness after failing to reclaim the 4-hour 200 moving average (MA) and exponential moving average (EMA), both sitting near the $2,100 level. These indicators have acted as strong dynamic resistance since December 2024, and ETH has consistently traded below them — a clear sign that bears remain in control of the trend.

This prolonged weakness below the 200 MA and EMA has reinforced the bearish momentum, with bulls unable to regain any meaningful ground in recent months. Until Ethereum can break back above these key technical levels, any attempt at a sustained recovery is likely to fall short.
A reclaim of the 200 MA and EMA could trigger a significant upside move, as it would signal a shift in short-term market structure and potentially spark renewed buying interest. However, even before that happens, bulls must focus on reclaiming the psychological $2,000 level — a major price zone that has repeatedly defined the battle between buyers and sellers.
Related Reading
If ETH can break above both $2,000 and $2,100 with volume, it may mark the beginning of a stronger recovery phase. Until then, price action remains vulnerable and tilted toward the downside.
Featured image from Dall-E, chart from TradingView
Ethereum
Ethereum May Have Hit Cycle Bottom, But Pricing Bands Signal Strong Resistance At $2,300


Multiple crypto analysts suggest that Ethereum (ETH) may have already reached the bottom for this market cycle. However, the second-largest digital asset by market cap is expected to encounter significant price resistance in the near term.
Ethereum Has Likely Hit This Cycle’s Bottom
According to an X post by crypto analyst TraderPA, ETH has likely found this market cycle’s bottom. The analyst shared the following chart showing ETH repeatedly bouncing off a five-year-old support level.

The last time ETH touched this support line, it triggered a powerful rally, with its price surging an impressive 340%. A similar move this time could potentially push ETH to a new all-time high (ATH).
Fellow crypto trader Merlijn The Trader proposed that Ethereum might be on the verge of another parabolic run. He pointed out that ETH appears to follow the ‘1, 2, 3 bounce pattern,’ which previously led to a massive 3,600% gain the last time this setup played out.
For the uninitiated, the 1, 2, 3 bounce pattern is a technical analysis setup where the underlying asset’s price bounces off a trendline – point 1 and 2 in the below chart – followed by a range breakout after bouncing off from point 3.

Crypto analyst CryptoBullet provided a medium-term outlook for ETH’s price action. He suggested that ETH may be primed for a “good mid-term bounce.” He added:
This month ETH hit the 300-Week MA. In its history, ETH hit the 300-Week MA only 2 times: in June 2022 (bear market bottom) and this month – March 2025. My target for the bounce is $2900-3200. Once my target is reached, we will re-evaluate.

ETH Faces Strong Resistance At $2,300
In a recent X post, prominent digital assets analyst Ali Martinez noted that while Ethereum has reclaimed its realized price of $2,040, its next major obstacle lies at $2,300, based on pricing bands analysis.

Meanwhile, on-chain data and other indicators suggest a potential price recovery for ETH. Recent data from Santiment shows that ETH whales – wallets holding large amounts of ETH – accumulated more than 420,000 ETH over five days.
Additionally, ETH reserves on cryptocurrency exchanges hit a new all-time low this week, dropping to 18.3 million tokens. Shrinking ETH reserves on trading platforms often fuel a supply scarcity narrative, potentially driving prices higher.
That said, ETH continues to underperform against Bitcoin (BTC), sliding to fresh multi-year lows with no clear signs of recovery. At press time, ETH trades at $2,052, down 0.9% over the past 24 hours.

Featured Image from Unsplash.com, Charts from X and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
-
Ethereum23 hours ago
Ethereum Monthly RSI At 2018 Market Low — What Happened Last Time?
-
Altcoin21 hours ago
Ethereum Price Falls Below $1900 As Expert Blames Decline On Network Stagnation
-
Altcoin19 hours ago
Gemini Crypto Exchange Announces Rewards For XRP Users, Here’s How To Get In
-
Ethereum13 hours ago
Ethereum Playing Catch-Up? Bloomberg Examines ETH’s Struggles In New Report
-
Market12 hours ago
Whale Leverages $27.5 Million PEPE Long on Hyperliquid
-
Ethereum11 hours ago
Ethereum MVRV Ratio Nears 160-Day MA Crossover – Accumulation Trend Ahead?
-
Ethereum10 hours ago
Ethereum May Have Hit Cycle Bottom, But Pricing Bands Signal Strong Resistance At $2,300
-
Market10 hours ago
Bitcoin (BTC) Whales Accumulate as Market Faces Uncertainty