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Will The Gains Keep Coming?

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Ethereum price started a fresh increase above the $3,000 resistance. ETH is up over 10% and now approaches the key barrier at $3,250.

  • Ethereum started a fresh surge above the $2,880 resistance zone.
  • The price is trading above $3,000 and the 100-hourly Simple Moving Average.
  • There is a new bullish trend line forming with support at $3,120 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to rise if it clears the $3,250 resistance.

Ethereum Price Regains Momentum

Ethereum price started a fresh increase above the $2,750 resistance like Bitcoin. ETH was able to climb above the $2,880 and $3,000 resistance levels to move further into a positive zone.

It even surged above the $3,120 level in the past few sessions. It is up over 10% and there was a move above $3,150. A high is formed at $3,249 before there was a minor pullback. There was a move below the 50% Fib retracement level of the upward move from the $3,020 swing low to the $3,249 high.

However, the bulls were active near the $3,080 level and the 76.4% Fib retracement level of the upward move from the $3,020 swing low to the $3,249 high. Ethereum price is now trading above $3,120 and the 100-hourly Simple Moving Average. There is also a new bullish trend line forming with support at $3,120 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $3,200 level. The first major resistance is near the $3,250 level. The main resistance is now forming near $3,300. A clear move above the $3,300 resistance might send the price toward the $3,350 resistance.

Ethereum Price
Source: ETHUSD on TradingView.com

An upside break above the $3,420 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone.

Are Dips Supported In ETH?

If Ethereum fails to clear the $3,250 resistance, it could start a downside correction. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120 zone and the trend line.

A clear move below the $3,120 support might push the price toward $3,080. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000.

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 – $3,120

Major Resistance Level – $3,250



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Sui’s Community Passport & More This Week

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As the second week of April begins, several crypto airdrops are set to capture the attention of market participants.

Some projects are launching airdrops this week to engage communities and reward early adopters. Here’s a look at the most anticipated airdrops.

Sui

Boasting up to $385.37 million in funds raised, the Sui network announced a “community passport.”

Here, participants can mint the community passport to prove their humanity and qualify for airdrops from the projects in the Sui ecosystem. The passport only costs a few cents.

“2025 SUI community passport…Mint the Passport by entering your label. Get your stamps: My First Stamp and Walrus Mainnet. The Sui Community flourishes because of passionate members like you. Your contributions, through content and events, help elevate our Sui Community,” the network said.

In a follow-up post, the Sui community account said there is a high chance that participants will receive airdrops from owning these NFT (non-fungible token) Passports in the future.

Notably, the Sui Foundation has historically stated that no broad public airdrops are planned for the SUI token. Instead, it focused on targeted rewards via programs like the Community Access Program (CAP).

However, ecosystem projects on Sui, such as SuiNS, DeepBook, and Suilend, have conducted their own airdrops.

Besides the Mint NFT for the Sui community passport, which opened on April 2, there is also the Seal testnet. Sui creator MystenLabs launched Seal, giving developers an on-chain access control and threshold encryption.

“Web3 needs better data security Seal, a decentralized secrets management (DSM) service, is now live on Sui Testnet! Think of it as onchain access control + threshold encryption for sensitive data,” Mysten Labs noted.

This enables data management for encrypted storage, gated content, and private messaging, among other uses. Participants can test Seal and potentially qualify for future rewards.

ChainGPT

This week, another crypto airdrop to watch is ChainGPT, an AI-powered platform running on the BNB Chain. The CGPT token powers its ecosystem with a burn mechanism to reduce supply.

 ChainGPT collaborated with GT Protocol to launch an airdrop campaign, which commenced on March 26. It will run until April 16, barely a week left, featuring a $50,000 prize pool distributed in GTAI tokens.

Further, rewards are structured across various leaderboard tiers and a lottery system.

This campaign presents multiple opportunities for airdrop participants to earn points through NFT generation, minting, and social sharing activities.

“Win your share of $50,000 in GTAI tokens! Top winner gets $1,000, and a total of 1,500 winners will receive exciting rewards,” an airdrop researcher noted.

More than 6,100 participants are reportedly already engaged in this campaign, positioning themselves to earn GTAI tokens. However, eligibility for allocation is based on the respective user’s level of participation and point accumulation.

BoxBet

BoxBet is also on the radar for the top crypto airdrops this week. It is an iGaming platform that connects directly with Telegram’s extensive network of millions of users.

The platform features a well-designed, straightforward interface, and users can start gaming within 60 seconds. It launched in 2024, backed by tier-one investors and powered by BXBT.

BoxBet is hosting the BXBT token airdrop, distributing 5,000,000 BXBT tokens to users. Eligibility is based on individual participants’ betting volume.

It is worth noting that the project will take a snapshot of the leaderboard at the end of the airdrop period. Thereafter, eligible participants will receive their token allocations on a pro-rata basis.

To help maintain token stability, the rewards will be released over a three-month vesting period. Following the conclusion of the airdrop, users can claim their BXBT tokens in three equal installments.

Airdrop farmers should monitor Sui Network, ChainGPT, and BoxBet’s official channels for the latest updates. However, they must also conduct research.

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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Cardano (ADA) Eyes Resistance Break—Failure Could Spark Fresh Losses

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Teucrium Launches First 2x Long XRP ETF in the US

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Teucrium Investment Advisors is set to launch its Teucrium 2x Long Daily XRP ETF (XXRP) after securing NYSE Arca approval. This marks the first exchange-traded fund (ETF) in the United States to offer leveraged exposure to XRP (XRP).

The move comes as the race for a spot XRP ETF intensifies in the US, with Polymarket odds suggesting a high likelihood of approval this year.

What Is Teucrium’s 2x Long XRP ETF and Why It Matters

The XXRP fund aims to deliver two times (2x) the daily price performance of the altcoin. It will begin trading on NYSE Arca on April 8.

According to its prospectus, the fund will not directly invest in XRP. Instead, it will primarily gain exposure through swap agreements with global financial institutions. 

There is also a provision for investment in XRP futures contracts, options, XRP-related companies, and spot XRP ETPs as needed. Additionally, the fund may utilize reverse repurchase agreements to enhance its investment capital.

“The fund presents different risks than other types of funds. The fund uses leverage and is riskier than similarly benchmarked funds that do not use leverage. The fund is intended to be used as a short-term trading vehicle,” the prospectus read.

The ETF enables investors to access the XRP market with a lower capital investment compared to buying equivalent derivatives directly. It has a management fee of 1.85% and offers monthly distributions to investors.

The launch of XXRP comes at a pivotal moment for XRP, as Ripple recently settled its legal battle with the SEC. Despite the lack of an approved spot ETF, Teucrium’s leveraged product offers a new avenue for investors seeking amplified exposure to the fourth-largest cryptocurrency by market capitalization. According to BeInCrypto data, XRP’s market cap stands at $111 billion.

Bloomberg’s senior ETF analyst Eric Balchunas commented on the development in the latest X (formerly Twitter post). He highlighted the unusual nature of this launch.

“Very odd (maybe a first) that a new asset’s first ETF is leveraged,” he said.

Balchunas also noted that while a spot XRP ETF has yet to be approved, the odds of such approval remain high. Many in the industry share this sentiment.

Interestingly, in anticipation of the XXRP launch, the likelihood of a spot XRP ETF receiving approval has surged. According to the prediction market platform Polymarket, odds have jumped by 5% since yesterday.

The chances of approval by December 2025 now stand at 75%. However, the outlook for a short-term approval by July 31 remains more cautious, with odds currently sitting at just 33%.

Odds of an XRP ETF Gaining Approval In 2025
Odds of an XRP ETF Gaining Approval In 2025. Source: Polymarket

It is worth noting that the SEC faces a critical deadline in October to decide on two XRP-based ETFs. These include the Grayscale and 21Shares XRP ETFs, following their filings in the Federal Register in February.

Additionally, BeInCrypto reported that major asset managers, including BlackRock and Fidelity, could soon file for an XRP ETF, joining WisdomTree, Bitwise, and Canary Capital.

As regulatory clarity around digital currencies continues to evolve, the market will be watching closely to see how this pioneering ETF performs and whether it paves the way for further XRP-based financial products in the US.

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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