
Ethereum Price Analysis: ETH Nears Critical Resistance as Trading Volume Explodes to $17.4B - Ethereum (ETH) is back in the spotlight after briefly breaking above the $1,800 mark for the first time this April. The move came as trading activity across the crypto market picked up significantly, with Ethereum’s 24-hour trading volume spiking from $60.66 billion to $78.06 billion — a massive 28.73% increase.
But despite the surge, ETH wasn’t able to hold its gains for long. After reaching an intraday high of $1,818, the price retraced slightly, settling around $1,790. This pullback reflects a cautious mood in the broader market, amplified by increasing competition from rivals like Solana, which has seen even stronger performance recently.
The initial push above $1,800 was driven in part by improving sentiment in the financial markets. Looser macroeconomic concerns — including more dovish rhetoric around trade policy — have contributed to a broader risk-on environment.
Still, Ethereum’s inability to maintain a foothold above the $1,800 threshold signals possible hesitation among traders. With Solana (SOL) surging more than 20% in the past week and breaking above $150, ETH’s more modest 15% weekly gain highlights a potential shift in investor interest toward other high-performance blockchain platforms.
Ethereum remains the second-largest cryptocurrency by market cap, but its dominance in trading activity appears to be slipping. That trend is raising questions about whether ETH can keep up with the growing momentum in the altcoin sector.
Ethereum’s derivatives market has seen a significant boost, with trading volume climbing to $78.06 billion in just 24 hours, according to Coinglass. Open interest has also grown by 2.72% to $21.09 billion, while options volume jumped by over 20% to reach $827.08 million.
These figures suggest that traders are positioning for further upside, and sentiment appears to be tilting bullish. On Binance, the long/short ratio for ETH/USDT stands at 1.0255 — a slight long bias — while top trader ratios are even more optimistic, with account and position ratios exceeding 2:1 in favor of longs.
Ethereum Price Analysis: ETH Nears Critical Resistance as Trading Volume Explodes to $17.4B
However, the market isn’t without its risks. Over $126 million in positions were liquidated in the last 24 hours, most of which were shorts. This level of volatility suggests that while confidence is growing, traders are also quick to pivot in response to sudden price movements.
The near-term outlook for Ethereum depends largely on whether bulls can push and hold the price above the $1,800 resistance zone. If that level is decisively reclaimed, ETH could be on track to test the next resistance band between $1,850 and $1,880.
On the flip side, if Ethereum continues to struggle below $1,800, we may see a pullback toward the $1,750–$1,760 range in the short term.
From a technical standpoint, things are starting to look more encouraging. The Relative Strength Index (RSI) has climbed to 39.72, up from under 20 earlier this month, suggesting that bullish momentum may be returning. A positive RSI crossover further supports this outlook.
A daily close above the 100-day Simple Moving Average (SMA), currently near $1,821, would reinforce the bullish scenario and pave the way for a potential move toward $1,880 in the sessions ahead.
Bitcoin’s recent strength — hitting fresh local highs for three consecutive days — also helps buoy overall market sentiment, providing tailwinds for ETH and other major altcoins.
Still, the road ahead isn’t without challenges. The 200-day SMA near $2,328 remains a longer-term barrier, and if Ethereum fails to hold support at $1,790, bearish pressure could re-emerge, dragging prices back toward the $1,720 zone.
Related Reading : https://www.topcoinindex.com/id/news/dogecoin-overtakes-xrp-in-active-wallets-as-price-eyes-0-195-breakout
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24 April 2025
Dogecoin Overtakes XRP in Active Wallets as Price Eyes $0.195 Breakout -Dogecoin, the popular meme-inspired cryptocurrency, has officially surpassed XRP in terms of daily active addresses—an indication that user engagement on the DOGE network is picking up momentum. According to TradingView, the number of active Dogecoin wallets surged 11.2% in a single hour to 61,190. In comparison, XRP wallets increased by a more modest 8.65%, reaching 47,280.
Meanwhile, market data from CoinMarketCap shows XRP trading at $2.26, climbing 7.78% in the past 24 hours. Dogecoin is not far behind, priced at $0.1816, having posted a notable 11.11% gain during the same period.
A key factor behind DOGE's recent rally is its breakout from a bullish chart formation known as an ascending triangle. This pattern, marked by rising support and a flat resistance line around $0.168, was decisively broken to the upside—signaling a strong bullish move.
Crypto analyst Ali Martinez highlighted that the triangle's height—approximately $0.027 (from $0.141 to $0.168)—can be added to the breakout level to estimate a potential price target. That puts DOGE on track to hit around $0.195, which closely aligns with the 1.618 Fibonacci extension level at $0.196.
However, if momentum fades and DOGE fails to hold above its current support levels, especially near $0.155, a bearish reversal could send it down toward $0.128.
Dogecoin Overtakes XRP in Active Wallets as Price Eyes $0.195 Breakout
In addition to technical patterns, derivatives market data is also flashing bullish. According to Coinglass, Dogecoin’s derivatives volume soared past $5 billion in just 24 hours—a 71.44% jump. Even more striking, options trading volume exploded by 289.14%, while Open Interest climbed by 13.21%.
This kind of surge in derivatives activity often hints at bigger moves ahead, typically driven by institutional or high-volume traders placing directional bets.
From a technical indicators perspective, the Relative Strength Index (RSI) for DOGE sits at 60.17, suggesting bullish momentum without being overbought—leaving room for further price appreciation.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is also giving off positive vibes. The MACD line has crossed above the signal line and remains in bullish territory, with increasing histogram bars confirming upward momentum. This is traditionally considered a buy signal and supports the case for continued upward movement.
As Dogecoin continues to grab attention—both from retail traders and whales alike—it looks like the meme coin might just be gearing up for its next leg higher.
Related Reading : https://www.topcoinindex.com/id/news/thinking-of-selling-xr-heres-why-experts-say-you-might-want-to-hold-on
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24 April 2025
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24 April 2025
Thinking of Selling XRP? Here’s Why Experts Say You Might Want to Hold On - As of Tuesday, April 22, XRP is holding steady above the $2.15 mark, riding the wave of a broader crypto rally sparked by a decline in the U.S. dollar's strength. With Ripple’s long-standing legal battle with the SEC seemingly drawing to a close and significant updates rolling out across the Ripple ecosystem, analysts are advising caution before hitting the sell button.
Here are five strong reasons why holding onto your XRP might be the smarter move right now:
Ripple's ongoing legal fight with the U.S. Securities and Exchange Commission (SEC) appears to be wrapping up. Both sides have agreed to pause further appeals, signaling a potential resolution is near.
Experts believe a favorable ruling could give XRP much-needed regulatory clarity. If XRP is officially deemed a non-security, it could unlock doors for institutional adoption and lead to relistings on major U.S. exchanges—factors that historically tend to drive prices upward.
The XRP Ledger (XRPL) is becoming more versatile, especially with Ripple’s recent announcement of RLUSD—a U.S. dollar-pegged stablecoin launching on both the XRP Ledger and Ethereum. This move not only strengthens XRPL's multi-chain presence but also boosts its appeal for enterprise use cases.
Ripple’s CTO, David Schwartz, pointed out that RLUSD will enhance liquidity across the XRP ecosystem, making it more attractive for fintech firms and institutional investors. On top of that, the introduction of the Hooks amendment—now live on XRPL’s beta testnet—adds smart contract-like functionality, paving the way for decentralized apps (dApps) in areas like payments and digital identity.
All this innovation points to a growing ecosystem, which could support long-term demand for XRP tokens.
XRP’s core use case—facilitating instant and low-cost international transfers—is becoming increasingly important again. Ripple’s On-Demand Liquidity (ODL) service, which leverages XRP to bridge currencies, is already active in over 70 countries.
As Ripple targets expansion in emerging markets like Africa, Southeast Asia, and Latin America, demand for XRP is poised to grow. Even the International Monetary Fund (IMF) has recently highlighted blockchain-powered payments as a key driver for future financial inclusion—aligning with Ripple’s mission.
Thinking of Selling XRP? Here’s Why Experts Say You Might Want to Hold On
Retail investors may be on the fence, but institutional interest in XRP appears to be growing steadily. On-chain data suggests that large wallets—likely belonging to institutions—have been accumulating XRP over the past six months.
Ripple has also secured new partnerships with banks in the Middle East and Europe, reinforcing the idea that major financial players view XRP as a valuable asset in the evolving digital economy. As RippleNet gains more adoption for cross-border settlements, XRP’s real-world utility could become even more essential.
From a technical perspective, XRP’s recent price movement shows potential for a bullish breakout. The cryptocurrency has found a support base around $2.14, and its price pattern on the weekly chart is forming within a narrowing range—a sign of a potential breakout.
If XRP holds above current support levels, analysts are eyeing a potential push toward the $3.09–$3.20 range. The Relative Strength Index (RSI) is stabilizing around 52.45, and although it’s slightly under the 14-week average, it’s showing signs that bearish momentum is fading. A move above 60 on the RSI would further support bullish sentiment.
Of course, there’s always downside risk. If XRP slips below $2.14 and breaks past the lower technical support at $1.19, the outlook could turn bearish. But for now, the technical setup seems to favor accumulation over panic selling.
Related Reading : https://www.topcoinindex.com/id/news/over-120-million-in-chainlink-leaves-exchanges-whats-fueling-the-move
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23 April 2025
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