Market
Ethereum Price Recovery Stalls at Resistance: Can Bulls Break Through?
Ethereum price started a recovery wave above the $2,500 zone. ETH is up nearly 10% and now faces a major resistance near $2,920.
- Ethereum started a decent upward move above the $2,500 support zone.
- The price is trading below $2,900 and the 100-hourly Simple Moving Average.
- There is a key bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start a fresh decline if it stays below the $2,920 level.
Ethereum Price Attempts Recovery
Ethereum price started a major decline below the $2,800 level, underperforming Bitcoin. ETH declined below the $2,650 and $2,500 levels to enter a bearish zone.
There was a clear move below the $2,200 level. The price declined over 25% and tested the $2,120 zone. A low was formed at $2,127 and the price recently started a fresh upward move. There was an increase above the $2,500 level.
The price surpassed the 50% Fib retracement level of the downward move from the $3,403 wing high to the $2,127 swing low. However, the bears are now active near the $2,900 zone. There is also a key bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD.
Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,900 level. The first major resistance is near the $2,920 level and the trend line or the 61.8% Fib retracement level of the downward move from the $3,403 wing high to the $2,127 swing low.
The main resistance is now forming near $3,000. A clear move above the $3,000 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,250 resistance zone or even $3,320 in the near term.
Another Drop In ETH?
If Ethereum fails to clear the $2,900 resistance, it could start another decline. Initial support on the downside is near the $2,765 level. The first major support sits near the $2,650.
A clear move below the $2,650 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $2,765
Major Resistance Level – $2,920
Market
XRP Price Explodes 25%: Will The Recovery Sustain or Fizzle Out?
XRP price recovered most losses and rallied over 25%. The price is back above $2.65 and now faces hurdles near the $2.820 level.
- XRP price started a strong upward move above the $2.50 level.
- The price is now trading below $2.80 and the 100-hourly Simple Moving Average.
- There was a break above a connecting bearish trend line with resistance at $2.420 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair might start a fresh increase if it clears the $2.820 resistance zone.
XRP Price Recovers Over 25%
XRP price started a fresh decline below the $2.850 zone, like Bitcoin and Ethereum. The price declined heavily below the $2.50 and $2.350 support levels. The bears even pushed it below $2.00.
There was a sharp drop of over 25% and the price tested the $1.75 zone. A low was formed at $1.75 and the price recently started a sharp recovery wave. The bulls pumped the price above the $2.20 and $2.50 levels. There was a move above the 61.8% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low.
Besides, there was a break above a connecting bearish trend line with resistance at $2.420 on the hourly chart of the XRP/USD pair. The price is now trading below $2.80 and the 100-hourly Simple Moving Average.
On the upside, the price might face resistance near the $2.80 level. The first major resistance is near the $2.820 level and the 76.4% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low. The next resistance is $2.940.
A clear move above the $2.940 resistance might send the price toward the $3.00 resistance. Any more gains might send the price toward the $3.050 resistance or even $3.120 in the near term. The next major hurdle for the bulls might be $3.20.
Another Decline?
If XRP fails to clear the $2.820 resistance zone, it could start another decline. Initial support on the downside is near the $2.620 level. The next major support is near the $2.50 level.
If there is a downside break and a close below the $2.50 level, the price might continue to decline toward the $2.450 support. The next major support sits near the $2.350 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $2.620 and $2.450.
Major Resistance Levels – $2.80 and $2.820.
Market
Top 3 Smart Wallet Addresses To Monitor This Week
Smart wallets on Solana are securing massive profits by specializing in specific crypto sectors. One wallet focuses on newly launched tokens, accumulating $3.3 million in realized profit with trades like TRUMP and SOT.
Another dominates gaming tokens, boasting $4.3 million in PnL (Profit and Loss), with massive returns on ZAILGO and BARSIK. Meanwhile, another smart wallet specializes in AI coins, approaching $1 million in realized profits, including a 28,876% gain on CATG and strong holdings in WAIFU.
Solana New Tokens Specialist With More Than $3 Million In Realized Profits
A Solana smart wallet address, 3xqUaVuAWsppb8yaSPJ2hvdvfjteMq2EbdCc3CLguaTE, has accumulated a realized profit of $3.3 million.
Its most profitable trade came from TRUMP, where it turned an initial investment of $749,878 into $1,553,207.
This wallet specializes in newly launched coins, often entering within the first hours after they are launched on launchpads like Pumpfun.
Over the past 90 days, it has executed approximately 4,300 trades, maintaining a win rate of 53% while trading across 510 different tokens.
One of its most remarkable trades was in SOT, where it achieved a staggering 6,732% return, turning just $197 into $5,435. Despite already realizing significant profits, the wallet still holds an unrealized profit of $515,116 in TRUMP, suggesting confidence in a recovery for the meme coin.
Gaming Coins Expert With 5,848% ROI In One Token
The Solana smart wallet 9UWZFoiCHeYRLmzmDJhdMrP7wgrTw7DMSpPiT2eHgJHe has established itself as a specialist in gaming tokens, boasting a realized PnL of $4.3 million.
With a win rate of 52%, it has actively traded 192 different tokens in the past 90 days.
Among its most notable trades, the wallet turned $5,439 into $323,510 on ZAILGO and transformed $168,271 into $1,034,961 on BARSIK.
This wallet has also achieved over $100,000 in realized PnL on 13 different tokens and recorded 11 tokens with returns exceeding 1,000%.
Solana AI Coins Expert Approaching $1 Million In PnL
The Solana smart wallet address BKVaB3eNrGUVRCj3M4LiodKypBTzrpatoo7VBhmdv3eY is a specialist in artificial intelligence cryptos, with a realized profit of $990,000.
Maintaining a win rate of 68%, it has traded 111 different tokens in the last 90 days.
Its returns include some staggering gains, such as 28,876% on CATG, which turned $429 into $124,211, and 13,583% on KAYYO, which turned $1,189 into $162,671.
Beyond its realized profits, the wallet also holds nine tokens with returns exceeding 1,000% and has nearly $40,000 in unrealized profits on WAIFU.
Monitoring these wallets closely can offer key insights, especially for day traders who want to identify possible entry points into lower-cap tokens.
However, it’s important to remain cautious and adopt proactive risk management, as the majority of these assets are driven by speculative trading.
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 Conditions, Privacy Policy, and Disclaimers have been updated.
Market
FET Price Falls 20% in a Week as AI Crypto Sell-Off Intensifies
FET price has been in a steep decline, dropping over 40% in the last 30 days and another 20% in the past week. This sharp correction follows the broader weakness in artificial intelligence tokens, with technical indicators pointing to continued bearish momentum.
While mid-sized whales have been selling, larger holders are accumulating, creating uncertainty about whether a bottom is forming. With a rising ADX confirming strong downside pressure and EMA lines maintaining a bearish structure, FET now faces key support and resistance levels that could determine its next major move.
FET Whales Are Sending Mixed Signals
FET whales have shown mixed signals recently. The number of addresses holding between 100,000 and 1,000,000 FET dropped from 404 to 389, while those holding 1,000,000 to 10,000,000 FET increased from 166 to 180.
This suggests that mid-sized holders are selling while larger FET whales are accumulating, leading to a shift in the market.
Tracking whale activity is crucial as their movements often impact price trends. With FET down 15% in the last 24 hours and nearly 50% in the past month, this pattern could indicate either a potential bottom or continued volatility.
If large whales keep buying, confidence in recovery may grow but sustained selling pressure could push prices lower.
FET DMI Shows the Downtrend Is Very Strong
FET’s ADX is currently at 49.4, nearly doubling from 24.8 in just two days. This sharp increase signals that the strength of the current trend is intensifying, reinforcing the ongoing market direction.
Given that FET is in a downtrend, the rising ADX suggests bearish momentum is getting stronger.
ADX measures trend strength, with values above 25 indicating a strong trend and those above 40 signaling an even more powerful move.
Meanwhile, +DI has dropped from 14.5 to 5.7, while -DI has surged from 19.6 to 37.3, peaking at 48.1 earlier. This confirms that sellers are firmly in control, and unless +DI starts rising, FET price could face further downside pressure.
FET Price Prediction: Will FET Reach Its Lowest Levels Since December 2023?
FET’s EMA lines are in a bearish formation, with all short-term lines below the long-term ones. If the current downtrend remains strong, FET could test support at $0.69, and a breakdown below that could lead to $0.59.
If selling pressure persists, the price could drop below $0.50 for the first time since December 2023, threatening its position as one of the most relevant artificial intelligence cryptos in the market.
However, a shift in momentum could push FET price toward resistance at $0.94.
A breakout above this level could see it test $1.11, with further upside potentially bringing it back to $1.34.
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 Conditions, Privacy Policy, and Disclaimers have been updated.
-
Market24 hours ago
Cutting US Debt? Senator Lummis Bets on Bitcoin Reserve
-
Altcoin24 hours ago
Why Are Dogecoin and Shiba Inu Price Crashing Over 25% Today?
-
Market23 hours ago
Dogecoin (DOGE) Plunges to $0.20: Is This the Bottom or More Pain Ahead?
-
Market11 hours ago
Dogizen readies for open market as crypto majors rebound
-
Market22 hours ago
How Bitcoin Benefits in the Long Run
-
Market21 hours ago
Bitcoin Price Nosedives Nearly 10%: Panic or Buying Opportunity?
-
Altcoin21 hours ago
Dogecoin Whale Offloads 200M DOGE To Binance Amid Market Crash, What’s Next?
-
Market20 hours ago
FARTCOIN Token Price Drops 31% – Is a Two-Month Low Next?