Connect with us

Market

Ethereum Price Bounces Back Yet Lacks Strong Bullish Drive

Published

on


Ethereum price is attempting a fresh increase above the $3,450 resistance zone. ETH must settle above $3,550 to continue higher in the near term.

  • Ethereum slowly moved higher above the $3,450 zone.
  • The price is trading above $3,450 and the 100-hourly Simple Moving Average.
  • There was a break above a key bearish trend line with resistance near $3,415 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $3,520 and $3,550 resistance levels to continue higher.

Ethereum Price Faces Resistance

Ethereum price started a decent recovery wave above the $3,400 level. ETH even cleared the $3,420 level to move into a short-term positive zone like Bitcoin.

There was a break above a key bearish trend line with resistance near $3,415 on the hourly chart of ETH/USD. The pair even cleared the $3,500 resistance zone. A high was formed at $3,516 and the price is now consolidating gains.

There was a move below the $3,500 level, but the price remained above the 23.6% Fib retracement level of the upward move from the $3,350 swing low to the $3,516 high.

Ethereum is trading above $3,450 and the 100-hourly Simple Moving Average. The current price action is positive and calling for more upsides. On the upside, the price is facing resistance near the $3,500 level. The first major resistance is near the $3,520 level.

Ethereum Price
Source: ETHUSD on TradingView.com

The next major hurdle is near the $3,550 level. A close above the $3,550 level might send Ether toward the $3,650 resistance. The next key resistance is near $3,720. An upside break above the $3,720 resistance might send the price higher. Any more gains could send Ether toward the $3,880 resistance zone.

Are Dips Limited In ETH?

If Ethereum fails to clear the $3,550 resistance, it could start a downside correction. Initial support on the downside is near $3,480. The first major support sits near the $3,440 zone and the 50% Fib retracement level of the upward move from the $3,350 swing low to the $3,516 high.

A clear move below the $3,420 support might push the price toward $3,350. Any more losses might send the price toward the $3,320 level in the near term.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,420

Major Resistance Level – $3,550



Source link

Market

Bitcoin’s Future After Trump Tariffs

Published

on


Welcome to the US Morning Crypto Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee to see how Bitcoin is holding its ground while Wall Street stumbles, why Trump’s tariffs may push the Fed into money-printing mode, and what that could mean for crypto’s next chapter. From Ethereum’s test of resilience to rising odds of a US recession, here’s everything you need to know to stay ahead.

Bitcoin Enters Its Risk-Dynamic Era Amid Tariffs and Turmoil

Bitcoin’s reaction to recent macro shocks—particularly Trump’s sweeping tariffs—has been noticeably calm compared to traditional markets, and that’s turning heads. While Wall Street stumbles harder than expected, crypto has held relatively steady.

Nexo Dispatch Editor Stella Zlatarev told BeInCrypto that this isn’t just resilience—it’s evidence that Bitcoin may be entering a new phase of market maturity.

“A 2–3% drop in crypto is a rounding error compared to past cycles,” she said, emphasizing that this stability amid chaos suggests Bitcoin is no longer just a speculative punt. “Bitcoin’s ability to weather macro turbulence without the wild swings of previous years suggests institutional investors are treating it less as a speculative punt and more as a strategic asset,” Zlatarev said.

Analysts also stressed that Bitcoin’s behavior doesn’t align with traditional asset categories.

“It’s not gold, and it’s not the yen. Instead, Bitcoin is emerging as a risk-dynamic asset – one that doesn’t crumble like high-growth stocks but also doesn’t attract the same flight-to-safety flows as traditional safe havens,” Zlatarev told BeInCrypto.

This concept of a “risk-dynamic” asset positions Bitcoin in a unique role: something that thrives in uncertainty but doesn’t collapse when the market turns.

Zlatarev from Nexo also noted that how Ethereum and other blue-chip altcoins respond next will be key.

“If ETH mirrors BTC’s performance, it strengthens the case that top-tier crypto assets are evolving into a more predictable asset class. If ETH wobbles, it reinforces that, for now, Bitcoin is in a league of its own.”

Meanwhile, the macro backdrop is shifting fast. Trump’s new “Liberation Day” tariffs have spooked global trade partners and have also sent ripple effects through prediction markets. Polymarket now gives almost 50% odds of a US recession this year—a major shift following the announcement.

Also, CME FedWatch tool shows interest rate traders have boosted the probability the US Federal Reserve will make four rate cuts this year. Eventually, this could relief the current macroeconomic pressure on Bitcoin.

fed interest rate projection for may 2025
Target Rate Probabilities for the Next Fed Meeting on May 7. Source: CME Group

Former BitMex CEO Arthur Hayes mentioned that Trump’s current tariff strategy could complicate the US bond market. In other words, pressure is building for the Fed to intervene—possibly by turning on the liquidity spigot once again.

All of this puts Bitcoin in a new spotlight. Its steadiness is no longer being dismissed as a coincidence. It may be the first sign that crypto, or at least its most mature players, is stepping out of the shadows of speculation and into the spotlight of strategic finance.

Chart of the Day

Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for the United States. Source: FRED St-Louis.

By reducing foreign demand for US Treasuries, Trump’s tariffs may force the Fed to inject more liquidity—potentially weakening the dollar and boosting Bitcoin as an alternative store of value.

Byte-Sized Alpha

Trump’s “Liberation Day” enforces 10%+ tariffs on all imports, hitting China, the EU, and Israel, triggering market drops and recession fears.

According to Standard Chartered, Bitcoin may hit $500,000 by Trump’s term end, AVAX could 10x by 2029, and Ethereum’s 2025 target drops to $4,000.

– The STABLE Act of 2025 advances with bipartisan support, aiming to tighten stablecoin rules as competition and regulatory pressure intensify.

– Bitcoin ETFs see $221 million in April inflows led by ARKB, but BTC derivatives cool with falling futures interest and bearish options sentiment.

DXY hits a 2024 low after “Liberation Day” tariffs, fueling short-term Bitcoin surge hopes amid global tensions and policy uncertainty.

– Bitcoin struggles below $85,000 amid weak sentiment, but long-term holders stay firm, keeping capitulation fears at bay.

Polymarket sees almost 50% chance of US recession as Trump’s tariffs spark market fears and trade tensions.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.





Source link

Continue Reading

Market

EDGE Goes Live, RSR Added to Roadmap

Published

on


Coinbase, one of the leading cryptocurrency exchanges, has announced the addition of Reserve Rights (RSR) to its listing roadmap, signaling a strategic move to broaden its offerings.

This coincides with the exchange’s decision to list Definitive (EDGE), which has already sparked significant market activity.

Coinbase Adds RSR To Roadmap 

Reserve Rights is an ERC-20 token native to the Reserve Protocol. The platform offers a permissionless decentralized framework for stablecoin development. It enables users to create yield-bearing, asset-backed, and overcollateralized stablecoins on the Ethereum (ETH) blockchain.

The addition of RSR to Coinbase’s listing roadmap has caught considerable attention, partly due to its association with Paul Atkins, President Donald Trump’s nominee for SEC Chair

Atkins previously served as a crypto advisor for the Reserve Protocol. He is widely regarded as a crypto-friendly figure—standing in sharp contrast to his predecessor, Gary Gensler, who oversaw a stringent crackdown on the industry during his tenure.

Notably, the exchange’s move was celebrated by the platform.

“Great to see more opportunities for people to participate in the Reserve ecosystem,” Reserve Protocol posted on X (formerly Twitter).

Despite the development, RSR’s price has shown only modest movement. 

coinbase RSR Price Performance
RSR Price Performance. Source: CoinGecko

According to the latest data, it was trading at $0.006. This reflected a 1.2% increase over the past 24 hours. 

However, the token has gained strong community support. CoinMarketCap data showed a 91.6% bullish sentiment among users. This indicated increased user confidence in its potential.

RSR Community Sentiment
RSR Community Sentiment. Source: CoinMarketCap

EDGE Sees Triple-Digit Rally Post Coinbase Listing

While RSR’s price showed only small gains, the EDGE token’s reaction has been much more dramatic. Coinbase revealed via X that it would list the Definitive platform’s utility token, EDGE.

“Trading will begin later today if liquidity conditions are met. Once sufficient supply of this asset is established trading on our EDGE-USD trading pair will launch in phases. Support for EDGE may be restricted in some supported jurisdictions,” the announcement read.

Following this, EDGE saw its price surge by an impressive 120.6% to $0.091. Previously, a similar reaction was observed in Doginme (DOGINME) and Keyboard Cat (KEYCAT) after they secured a listing on the exchange.

coinbase listing Definitive (EDGE)
EDGE Price Performance. Source: CoinGecko

EDGE’s listing, however, comes with an “Experimental” label. This is a designation Coinbase uses to indicate assets that may carry higher risk or volatility

“The Experimental asset label will not impact your ability to send, receive, buy, sell and/or hold assets on Coinbase. However, we do ask you to read and confirm you understand the risks involved, such as price swings and canceled orders, before trading an experimental asset for the first time,” the blog reads.

As Coinbase continues diversifying its portfolio, the addition of RSR and EDGE highlights the growing acceptance of diverse blockchain projects. These listings may provide new opportunities for investors. However, the associated risks should be carefully considered.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Market

10 Altcoins at Risk of Binance Delisting

Published

on


On April 3, Binance announced that it would add a new set of tokens to its monitoring list. These tokens are under closer scrutiny and may face delisting following the upcoming review period.

This move follows the exchange’s aims to increase transparency while offering more clarity regarding the risk levels associated with different cryptocurrencies.

10 Altcoins in Danger of Binance Delisting

As part of this update, the following tokens will be added to the Monitoring Tag list: Ardor (ARDR), Biswap (BSW), Flamingo (FLM), LTO Network (LTO), NKN (NKN), PlayDapp (PDA), Perpetual Protocol (PERP), Viberate (VIB), Voxies (VOXEL) and Wing Finance (WING).

Tokens added to the Monitoring Tag exhibit notably higher volatility and risk compared to other listed tokens. Binance will closely monitor these tokens, with regular reviews to assess their compliance with the platform’s listing criteria.

“Tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” Binance said.

Following the announcement, the prices of the mentioned altcoins plummeted by double-digits.

ARDR, BSW, FLM, LTO, NKN, PDA, PERP, VIB Price Performance.
ARDR, BSW, FLM, LTO, NKN, PDA, PERP, VIB Price Performance. Source: TradingView

In addition to the new Monitoring Tag additions, Binance will also remove the Seed Tag from Jupiter (JUP), Starknet (STRK), and Toncoin (TON).

Tokens marked with the Seed Tag are those that are still in their early stages of development and have not yet met Binance’s full listing criteria. The removal of the Seed Tag indicates a change in the status of these projects. This suggests that they no longer fit the initial criteria for such a label.

Tokens with the Monitoring Tag or Seed Tag come with inherent risks. Binance ensures that users are well-informed before trading them. To access trading for these tokens, users must pass a risk awareness quiz every 90 days.

The quiz makes sure that users understand the potential risks associated with trading higher-risk tokens. Binance will also display a risk warning banner for these tokens on its Spot and Margin platforms.

Binance will continue to conduct periodic reviews of tokens with the Monitoring Tag and Seed Tag. During these reviews, several factors are taken into account. This includes the project team’s commitment, development activity, token liquidity, and community engagement.

The latest development follows a similar announcement from Binance in March. The exchange routinely delists tokens that fail to keep up with its criteria.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io