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Will Sideways Action Lead to a Breakout?

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Ethereum (ETH) price is facing a critical moment as it hovers near strong resistance and support levels. Recent market metrics, including the Net Unrealized Profit/Loss (NUPL) and whale activity, suggest a cautious sentiment among investors.

Traders are closely watching key price levels, as a breakout above $2,500 could lead to a rally, while failure to hold $2,000 support may result in a deeper correction.

ETH NUPL Shows The Market Is Cautious Right Now

The current Net Unrealized Profit/Loss (NUPL) for Ethereum stands at 0.29, indicating that a fair number of ETH holders are still in profit, but the market sentiment is leaning cautiously.

NUPL is a metric used to gauge the overall profit or loss of the market by measuring the difference between the current price of ETH and the price at which it was last moved. It essentially captures the unrealized gains or losses held by market participants and is a key indicator of market psychology.

A higher NUPL suggests that most holders are in profit, signaling optimism, while a lower NUPL points to growing unrealized losses, potentially leading to increased selling pressure. Throughout September, the ETH market experienced multiple swings, with NUPL briefly rising to 0.36 before sharply declining toward the end of the month.

Read more: How to Invest in Ethereum ETFs?

ETH NUPL.
ETH NUPL. Source: Glassnode

This back-and-forth movement reflects attempts at recovery that ultimately failed as market confidence weakened and more participants began holding ETH at a loss. The recent drop in NUPL from 0.36 to 0.29 suggests a shift toward more bearish sentiment.

Despite some holders still seeing profits, a growing number are facing losses, which could result in further downward pressure unless there is a strong market catalyst for reversal.

Ethereum Whales Are Hesitant

The number of Ethereum addresses holding at least 1,000 ETH peaked at 5,628 on September 25, marking a significant point of whale accumulation, which often signals bullish sentiment or market confidence. However, this number has since seen a modest decline, with the current count at 5,606, down from 5,621 just four days ago.

Tracking the movements of these large holders is crucial because whales have the capital to influence price action. When whales accumulate ETH, it can create upward pressure on prices, as their buying activity suggests confidence in future price appreciation. Conversely, when they reduce their holdings, it can indicate caution or a shift toward a more bearish outlook.

Addresses with Balance >= 1,000 ETH.
Addresses with Balance >= 1,000 ETH. Source: Glassnode

However, the current reduction in whale addresses does not point to a mass exodus or widespread sell-off. Instead, the data suggests that whales are adopting a wait-and-see approach, reducing their positions slightly without triggering major market volatility.

This kind of behavior indicates that the market is in a phase of uncertainty, where participants are reluctant to take decisive actions in either direction. Even though whale accumulation has tapered off, the fact that the decline is not dramatic implies that there is no overwhelming bearish sentiment either.

ETH Price Prediction: Strong Support and Resistance Around the Current Price

The ETH Global In/Out of the Money metric shows that Ethereum has strong resistance and support levels very close to its current price, reinforcing the idea that ETH may move sideways in the coming days before committing to a clear direction.

The Global In/Out of the Money metric identifies the distribution of addresses that are either in profit (in the money) or at a loss (out of the money) based on the current price. It shows where clusters of buying and selling pressure are likely to be found. This helps traders gauge key price levels where ETH might encounter significant resistance or support.

Read more: Ethereum (ETH) Price Prediction 2024/2025/2030

ETH Global In/Out of the Money
ETH Global In/Out of the Money. Source: IntoTheBlock

If Ethereum can break through the $2,500 zone, it has the potential to push further and test the $3,000 price range, with strong resistance until around $3,200. However, on the downside, if ETH fails to hold the critical $2,000 support level, it could see a more significant correction, potentially falling back to the $1,700 range.

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.



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This is Why PumpSwap Brings Pump.fun To the Next Level

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Since launching PumpSwap, token launchpad Pump.fun has resumed its position as a top-level protocol by fees and revenue. It saw over $2.62 billion in volume in less than two weeks, signifying high market interest.

Nonetheless, the meme coin sector as a whole has been more volatile than usual lately. PumpSwap is an attractive new option, but it still needs to stand the test of time.

Pump.fun Surges with PumpSwap

Pump.fun, a prominent meme coin creation platform, recently suffered some difficulties in the market. Facing lawsuits and criticism from the industry, the platform’s revenue had been declining in 2025. However, since launching PumpSwap, Pump.fun’s income has rebounded, making it one of the largest protocols by fees and revenue.

Pump.fun Ranking by Fees and Revenue
Pump.fun Ranking by Fees and Revenue. Source: DefiLlama.

PumpSwap is a decentralized exchange on Solana’s blockchain, and it has grown very quickly since its launch less than two weeks ago. It has already managed over $2.62 billion in trade volume, although its daily volume fell over the weekend. Pump.fun’s cofounder spoke highly about PumpSwap, calling it a “crucial step that will help grow the ecosystem.”

PumpSwap Trade Volume
PumpSwap Trade Volume. Source: Dune.

Pump.fun’s overall revenues were declining before it launched PumpSwap, and they have since jumped back up. However, it’s important to not overstate the new exchange’s success. The exchange’s total fees collected have skyrocketed compared to Pump.fun, but the actual revenue growth has been comparatively small.

Pump Fees and Revenues
Pump Fees and Revenues. Source: DefiLlama.

Still, these low fees also have significant advantages. Demand seems to be drying up in the meme coin sector, but Pump.fun faces stiff competition in the form of firms like Raydium, using low fees as a competitive edge. It has also promised things like revenue sharing with token creators to promote ecosystem growth.

Ultimately, the meme coin market as a whole is full of uncertainty. PumpSwap has been able to keep Pump.fun competitive as a top-level platform in this space, giving it a welcome reprieve. The real challenge will come in determining long-term viability.

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.



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Hedera (HBAR) Bears Dominate, HBAR Eyes Key $0.15 Level

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Hedera (HBAR) is under pressure, down roughly 13.5% over the past seven days, with its market cap holding at around $7 billion. Recent technical signals point to growing bearish momentum, with both trend and momentum indicators leaning heavily negative.

The price has been hovering near a critical support zone, raising the risk of a breakdown below $0.15 for the first time in months. Unless bulls regain control soon, HBAR could face further losses before any meaningful recovery attempt.

HBAR BBTrend Has Been Turning Heavily Down Since Yesterday

Hedera’s BBTrend indicator has dropped sharply to -10.1, falling from 2.59 just a day ago. This rapid decline signals a strong shift in momentum and suggests that HBAR is experiencing an aggressive downside move.

Such a steep drop often reflects a sudden increase in selling pressure, which can quickly change the asset’s short-term outlook.

The BBTrend, or Bollinger Band Trend, measures the strength and direction of a trend using the position of price relative to the Bollinger Bands. Positive values generally indicate bullish momentum, while negative values point to bearish momentum.

HBAR BBTrend.
HBAR BBTrend. Source: TradingView.

The further the value is from zero, the stronger the trend. HBAR’s BBTrend is now at -10.1, signaling strong bearish momentum.

This suggests that the price is trending lower and doing so with increasing strength, which could lead to further downside unless buyers step in to slow the momentum.

Hedera Ichimoku Cloud Paints a Bearish Picture

Hedera’s Ichimoku Cloud chart reflects a strong bearish structure, with the price action positioned well below both the blue conversion line (Tenkan-sen) and the red baseline (Kijun-sen).

This setup indicates that short-term momentum is clearly aligned with the longer-term downtrend.

The price has consistently failed to break above these dynamic resistance levels, signaling continued seller dominance.

HBAR Ichimoku Cloud.
HBAR Ichimoku Cloud. Source: TradingView.

The future cloud is also red and trending downward, suggesting that bearish pressure is expected to persist in the near term.

The span between the Senkou Span A and B lines remains wide, reinforcing the strength of the downtrend. For any potential reversal to gain credibility, HBAR would first need to challenge and break above the Tenkan-sen and Kijun-sen, and eventually push into or above the cloud.

Until then, the current Ichimoku configuration supports a continuation of the bearish outlook.

Can Hedera Fall Below $0.15 Soon?

Hedera price has been hovering around the $0.16 level and is approaching a key support at $0.156.

If this support fails to hold, it could open the door for further downside, potentially pushing HBAR below the $0.15 mark for the first time since November 2024.

HBAR Price Analysis.
HBAR Price Analysis. Source: TradingView.

However, if HBAR manages to reverse its current trajectory and regain bullish momentum, the first target to watch is the resistance at $0.179.

A breakout above that level could lead to a stronger rally toward $0.20 and, if momentum continues, even reach $0.215. In a more extended bullish scenario, HBAR could climb to $0.25, signaling a full recovery and trend reversal.

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.



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Coinbase Tries to Resume Lawsuit Against the FDIC

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Coinbase asked a DC District Court if it could resume its old lawsuit against the FDIC. Coinbase sued this regulator over Operation Choke Point 2.0 and claimed that it’s still refusing to release relevant information.

Based on the information available so far, it’s difficult to draw definitive conclusions. The FDIC maintains that it responded to its opponents’ questions truthfully, though it has shown delays in the past.

Coinbase vs the FDIC

Coinbase, one of the world’s largest crypto exchanges, has been in a few fights with the FDIC. The firm has been pursuing the FDIC over Operation Choke Point 2.0 for months now, and has achieved impressive results. Despite this, however, Coinbase is asking the DC District Court to resume its litigation against the regulator:

“We’re asking the Court to resume our lawsuit because the FDIC has unfortunately stopped sharing information. While we would have loved to resolve this outside of the legal system – and we do appreciate the increased cooperation we’ve seen from the new FDIC leadership – we still have a ways to go,” claimed Paul Grewal, Coinbase’s Chief Legal Officer.

The FDIC has an important role in US financial regulation, primarily dealing with banks. This gave it a starring role in Operation Choke Point 2.0, hampering banks’ ability to deal with crypto businesses. However, it recently started a pro-crypto turn, releasing tranches of incriminating documents and revoking several of its anti-crypto statutes.

Grewal said that he “appreciated the increased cooperation” from the FDIC but that the cooperation stopped weeks ago. According to Coinbase’s filing, the FDIC hasn’t sent any new information since late February and claimed in early March that the exchange’s subsequent requests were “unreasonable and beyond the scope of discovery.”

On one hand, the FDIC has previously been slow to make relevant disclosures in the Coinbase lawsuit. On the other hand, Operation Choke Point 2.0 sparked significant tension within the industry, and a determined group is now aiming to significantly weaken the regulatory bodies involved.

Until the legal battle continues, it’ll be difficult to make any definitive statements. The FDIC will likely have two weeks to respond to Coinbase’s request.

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.



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