Connect with us

Ethereum

Ethereum Price Analysis: ETH backtests important support, what’s next?

ETH/USD – Ether Returns To 20-day MA Support

Key Support Levels: $3000, $2960, $2890.


Key Resistance Levels: $3170, $3360, $3540.

After surging by almost 94% over the past three weeks, Ethereum has finally seen a meaningful retracement. The coin is now down by a total of around 8% since hitting $3350 at the start of the week.

The cryptocurrency met resistance at $3350 (bearish . 618 Fib) over the weekend and failed to establish momentum above that. There were signs of bearish divergence, which caused ETH to roll over and hit the 20-day MA today. A. 236 Fib further bolstered the support at the 20-day MA, and it allowed ETH to bounce back above $3000 to the current $3050 level.

ethusd-aug18-min
ETH/USD Daily Chart. TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, the first resistance now lies around $3170. This is followed by $3350 (bearish . 618 Fib), $3540 (1. 618 Fib Extension), and $3790 (bearish . 786 Fib).

On the other side, the first support lies at $3000. This is followed by $2960 (. 236 Fib & 20-day MA), $2890 (June highs), and $2720 (. 382 Fib).

As mentioned, the RSI displayed bearish divergence. It has since pulled back from overbought situations. The RSI is still above the midline, which indicates that bulls still control the market momentum.

ETH/BTC-ETH Breaks Under Short-Term Symmetrical Triangle

Key Support Levels: 0. 067 BTC, 0. 066 BTC, 0. 0651 BTC.


Key Resistance levels: 0. 0691 BTC, 0. 07 BTC, 0. 072 BTC.

ETH traded within a symmetrical triangle structure since August’s first week. Yesterday, ETH fell below 0. 068 BTC. Today, ETH dropped to 0. 0665 BTC but is battling to remain above the 20-day MA at 0. 0675 BTC.

Again, the retracement is quite healthy after ETH surged as much as 25% from the July lows to meet resistance around 0. 071 BTC.

ethbtc-aug18-min
ETH/BTC Daily Chart. TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, the first support towards the downside lies at 0. 067 BTC (. 382 Fib). Then, follow by 0. 066 BTC (100-day MA), 0. 0651 BTC (.5 Fib), and 0.064 BTC (50-day MA).

The first resistance is at 0. 0691 BTC (July highs). Then, follow by 0. 07 BTC, 0. 072 BTC (beraish . 618 Fib), and 0. 074 BTC.

The RSI is back at the middleline. This indicates indecision in the market. So long as the RSI does not dip beneath 50, the buyers could be able to force a recovery back above 0. 07 BTC soon.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Disclaimer: Information found on CryptoPotato is those of writers quoted. This information does not reflect the views of CryptoPotato about whether to invest in, sell or hold investments. Before making any investment decision, you are strongly advised to do your own research. You are responsible for any use of the information. For more information, please refer to Disclaimer.

Cryptocurrency charts by TradingView.

Read More

Ethereum

The Latest Ethereum Whale Activity: Should ETH Investors Worry?

Ethereum investors have shown some worrying trends as of late, with many prominent names, such as Galaxy Digital, disposing of substantial portions of their ETH holdings.

In this article, we will review the latest trends on the matter, including who is selling and who is buying.

The Sell-Offs

CryptoPotato has repeatedly reported in recent weeks the significant ETH sales completed by large investors, including whales and Galaxy Digital. The latter, in fact, has even started to replace its ether holdings with SOL, which could be an even more worrying trend.

These developments led to a price slump to $1,400 earlier this month. ETH managed to recover some of the losses and spiked to $1,800, which has only allowed some investors to cash out at more favorable prices.

According to data shared by Ali Martinez, whales have disposed of 262,000 ETH after the asset’s price started to recover. In USD terms, this stash is worth around $445 million.

Whales took advantage of the recent price surge, selling 262,000 #Ethereum $ETH, worth around $445 million. pic.twitter.com/sQ0PhAzyfX

— Ali (@ali_charts) April 29, 2025

Galaxy Digital has continued to deposit ETH to centralized exchanges, which is generally done with the obvious intention to sell. The latest batch to find its way to Coinbase was for 23,900 ETH (valued at $42.5 million), according to Lookonchain.

The same analytics tool provided an update about a whale that “can’t pick a side on ETH,” as they bought roughly 15,000 ETH at $1,801 and started selling just 3 hours later at a minor loss. Within the next 24 hours, the whale would have offloaded the entire stack.

This whale just sold all 10,511 $ETH($19.2M) at $1,828 again.https://t.co/bdIlDI9WrD pic.twitter.com/ZwP0JrxXTY

— Lookonchain (@lookonchain) April 29, 2025

Some Are Buying, Though

Aside from the aforementioned bearish news, there are some reports claiming that Ethereum has turned itself around, which could be supported by a recent 10% spike in network activity. The ETH ETFs have also recorded several consecutive days of positive flows.

Additionally, Lookonchain reported that a wallet linked to Cumberland has withdrawn over $50 million worth of ether from Copper, Coinbase, and Binance within a short period. The team determined that “whales/institutions are accumulating ETH” following this post.

It seems that whales/institutions are accumulating $ETH!

Over the past 3 hours, a wallet linked to #Cumberland has withdrawn 27,632 $ETH($50.24M) from #Copper, #Binance, and #Coinbase.https://t.co/2CNtRUpICk pic.twitter.com/FK0A68w1vT

— Lookonchain (@lookonchain) April 29, 2025

More good news for ETH came from BlackRock, as the world’s largest asset manager plans to tokenize its $150 billion Treasury Trust market fund on Ethereum.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Read More

Continue Reading

Ethereum

Big Win For Ethereum as BlackRock Tokenizes $150B Treasury Fund

“Ethereum just scored a monster win,” said former Ethereum developer Eric Connor on X on April 30.

His comment came in reaction to an April 28 prospectus filing with the US Securities and Exchange Commission by BlackRock, which aims to tokenize its $150 billion Treasury Trust market fund with a new “DLT Shares” asset class.

It is the “biggest real-world asset flow to Ethereum yet,” said Connor.

Ethereum just scored a monster win.

BlackRock filed to tokenize its $150bn Treasury Trust money-market fund with a new “DLT Shares” class.

BNY Mellon will keep a blockchain mirror of every share on-chain.

Biggest real-world asset flow to Ethereum yet.

— Eric Conner (@econoar) April 30, 2025

Ethereum Industry Standard for RWA

The BlackRock Treasury Trust Fund is a money market fund that invests only in short-term US Treasury securities to provide income while preserving liquidity and principal. It keeps fees low and is designed for very low-risk, stable returns.

The new tokenized DLT shares of its $150 billion Treasury Trust Fund will use blockchain technology to track ownership via BNY Mellon.

BlackRock previously launched the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) on the Ethereum blockchain, in partnership with Securitize. It allows qualified investors to earn yields through tokenized US Treasury securities on Ethereum.

Onchain Foundation head of research Leon Waidmann reported that 93% of BlackRock’s BUIDL is on Ethereum. The fund currently has $2.34 billion in assets under management on Ethereum, according to rwa.xyz.

“Institutions follow deep liquidity, credible neutrality, and battle-tested security,” he said before adding, “ETH is already their settlement layer.”

“BlackRock is building on Ethereum. They’re betting on ETH as the leading ecosystem,” said researcher “CryptoGoos,” who added that Ethereum is “extremely undervalued.”

BlackRock is building on Ethereum.

They’re betting on $ETH as the leading eco-system.

Don’t get fooled now.

Ethereum is extremely undervalued. pic.twitter.com/dubhrzqxk4

— CryptoGoos (@crypto_goos) April 29, 2025

The firm does appear to be going all-in on tokenization. “Tokenization will revolutionize investing,” BlackRock CEO Larry Fink said in March.

“Markets wouldn’t need to close. Transactions that currently take days would clear in seconds. And billions of dollars currently immobilized by settlement delays could be reinvested immediately back into the economy, generating more growth,” he added.

Ethereum is currently the industry standard for real-world asset (RWA) tokenization with a 56% market dominance and $6.2 billion tokenized on-chain (excluding stablecoins), according to rwa.xyz.

No Love For ETH Prices

ETH prices remain at bear market lows despite the bullish fundamentals. The asset has struggled to make any progress above $1,800 over the past week and is still lingering around levels last seen in September 2023.

ETH is still 63% down from its 2021 peak price and has declined almost 50% since the beginning of the year, but analysts and advocates still think it will reach five figures soon.

Nevertheless, institutions appear to be warming to cut-price Ether as BlackRock’s spot ETH ETF (ETHA) has scooped up $162 million worth of the asset over the past four trading days.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Read More

Continue Reading

Ethereum

Grayscale Pushes SEC to Approve Ethereum ETF Staking, Citing $61M Lost in Rewards

Grayscale is urging the SEC to approve staking for Ethereum ETFs, unlocking millions in rewards, strengthening Ethereum’s network, and propelling U.S. crypto investment forward. Grayscale Urges SEC to Allow Staking for Ethereum ETFs, Citing Major Investor Gains Representatives from Grayscale Investments convened with members of the U.S…
Read More

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.