Ethereum is experiencing a downturn, with current metrics indicating increased downside tail risk. Despite a bullish bias in the options market, significant call-side positioning is at risk, especially if support levels around $2,200-$2,300 are breached. The $2,500 level has shifted from support to resistance, suggesting potential selling pressure ahead.
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0 posts last weekBitcoin Investors Urged to Embrace Risk-On Strategy Amid Positive Market Signals
Nansen advises Bitcoin investors to embrace a high-risk, high-reward approach due to positive market conditions and signals. Despite cautionary notes on equities, the firm recommends enjoying the crypto rally while managing potential downsides with stop-losses and option protection.
read moreAltcoin Rally Prospects: Ethereum, BNB, and Solana Analysis and Outlook
Ethereum, BNB, and Solana face bearish technical indicators despite speculation of an altcoin rally. While stablecoin market cap growth signals potential bullish movement, current price trends and technical metrics suggest a continued bearish influence on these top altcoins. Investors may need to exercise patience before witnessing a significant altcoin rally.
read moreBase TVL Surges Amid Meme Coin Frenzy and RWA Token Rise
The Total Value Locked (TVL) on Base, an Ethereum layer-2 protocol, has surged over 126% to reach $913 million amid a frenzy around meme coins, with potential to hit $1 billion. The rise is attributed to the spike in Base meme coins and the increasing interest in Real World Assets (RWAs), with notable impacts on the market. Additionally, the emergence of artificial intelligence (AI) and Decentralized Physical Infrastructure Networks (DePINs) are expected to drive the bull cycle.
read moreMeme Coins Threaten Cardano’s Position in Cryptocurrency Rankings
Shiba Inu and Dogecoin are gaining momentum in the cryptocurrency market, potentially threatening Cardano’s position. The surge in meme coins’ popularity is driven by community support and social media buzz, posing a challenge to Cardano’s strong technological foundations. While meme coins’ growth is formidable, displacing well-established assets like Cardano requires sustained investor interest and market capitalization beyond a temporary rally.
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