Kategorie: Crypto Analysis

Key takeaways

• ETH is down 10% and now trades around $3,100 per coin.
• The bearish performance comes as the broader crypto market records a massive selloff.

ETH dips 10% amid wider market selloff

Ether, the second-largest cryptocurrency by market cap, has lost 10% of its value in the last 24 hours, sparking increased profit-taking and loss realization, as prices approached the cost basis of whales.

This latest development comes as Ethereum investors have intensified their selling activities over the past few days. Data obtained from Santiment revealed that investors have booked over $500 million in profits and $100 million in losses since Sunday. 

In addition to that, Ether’s price is approaching the average cost basis or realized price of whales with a balance of 10K-100K ETH, which is around $2,900. A dip below this cost basis will spark intense selling pressure as the whales look to cut losses.

Whales have been key in absorbing selling pressure since ETH’s price decline accelerated over the past month, as they have increased their collective balance by 890K ETH during the period. 

ETH could dip below $3k as selling pressure intensifies

The ETH/USD daily chart remains bearish and efficient as Ether has lost 10% of its value in the last 24 hours. The coin faced rejection at the previous broken trendline around $3,592 earlier this week and has dipped by 10% since then. At press time, ETH is trading at $3,140 per coin. 

If the selloff continues, ETH could lose the $3k support level and dip towards the $2,900 psychological level. Failure to close the daily candle above the $3,170 region could spark further selloff for Ether.

Similar to Bitcoin, Ethereum’s RSI and MACD indicate bearish momentum gaining traction, signaling a deeper correction ahead.

However, if Ether recovers and closes the daily candle above $3,170, it could rally towards the next resistance level at $3,592.

The post Ethereum price forecast: ETH could dip below $3k amid bearish PA appeared first on CoinJournal.

• The Central Bank of Ireland granted the licence through Aave’s local subsidiary.
• Push allows users to convert euros to crypto assets, including GHO, with no fees.
• Ireland is emerging as a hub for regulated decentralised finance in Europe.

Decentralised finance infrastructure took a decisive step into Europe’s regulated fintech ecosystem as Aave Labs secured authorisation under the Markets in Crypto-Assets (MiCA) framework.

The regulatory nod, granted by the Central Bank of Ireland, enables Aave Labs’ fiat-to-crypto platform, Push, to operate across the European Economic Area (EEA).

This means European users can now convert between euros and digital assets, including Aave’s native stablecoin, GHO, without relying on centralised exchanges.

The approval makes Push one of the first DeFi-native platforms legally authorised to offer stablecoin ramps in Europe.

Operated through Push Virtual Assets Ireland Limited, a wholly-owned subsidiary, the platform introduces zero-fee euro-crypto conversions, giving it a price advantage over traditional financial service providers and exchanges.

However, Aave Labs did not clarify whether this pricing model is permanent.

Aave’s decision to launch Push from Ireland reinforces the country’s position as a rising regulatory hub for digital assets in Europe.

Push targets centralised exchange reliance on stablecoin onboarding

Push aims to eliminate the friction associated with fiat on-ramping by creating a direct, regulated pathway between euros and crypto assets within Aave’s ecosystem.

The platform’s focus on euro liquidity and GHO integration supports the broader goal of reducing DeFi’s reliance on centralised exchanges for stablecoin access.

Aave Labs described regulatory infrastructure as essential to onboarding the next wave of mainstream DeFi users.

With Push, the protocol creates a gateway for users and developers to interact with stablecoins under a framework that complies with MiCA’s legal and auditing requirements.

That assurance of regulatory transparency is particularly relevant as stablecoin use continues to expand in lending, borrowing, and yield farming protocols.

Stablecoin regulation fuels Europe’s crypto market integration

MiCA’s stablecoin framework plays a central role in enabling services like Push to thrive.

The legislation, which came into effect earlier in 2025, establishes clear rules for stablecoin issuance and crypto-asset service providers (CASPs) in the EU.

Aave’s authorisation under MiCA signals that regulators are increasingly open to DeFi-native firms participating in the financial system, so long as compliance benchmarks are met.

As a DeFi-first platform offering institutional-grade liquidity, Aave’s move to operate within MiCA guidelines marks a turning point in how decentralised services are integrated with traditional financial structures.

Push’s entry is likely to be watched closely by peers and competitors, especially as the stablecoin sector continues to scale at pace.

While Push currently centres on euro and GHO conversions, the groundwork laid in Ireland could see broader service expansions as MiCA regulations continue to shape Europe’s crypto infrastructure.

Aave’s success may prompt other DeFi protocols to follow suit, potentially turning the EEA into a hub for regulated stablecoin innovation.

The post Ireland becomes DeFi gateway as Aave Labs wins MiCA approval for fiat-crypto bridge appeared first on CoinJournal.

Key takeaways

• ETH is down 1.5% and is now trading above $3,500 per coin.
• The positive performance comes as whales accelerate buying pressure.

Whales stack up Ethereum

Ether, the second-largest cryptocurrency by market cap, is trading above $3,500 after defending the $3,300 low on Wednesday. The coin is still down 1.5% in the last 24 hours, but could rally higher in the near term.

The positive performance comes as a key Ethereum whale has added over $1.38 billion worth of Ether coins to their wallet over the last ten days. According to Arkham Intelligence, the whale added another million in ETH to its holdings, while also borrowing $270 million from the decentralized lending platform Aave to potentially expand its ETH position.

The whale now holds 228.39K ETH in loaned positions worth about $818.6 million and 157.32K ETH in direct spot holdings worth $563.8 million. A few other onchain platforms also reveal similar bullish sentiment among Ethereum whales. 

Ether eyes $3,900 despite choppy market conditions

The ETH/USD 4-hour chart is bearish and efficient as Ether is down 1.5% in the last 24 hours. The cryptocurrency saw over $153 million in liquidations in the last 48 hours, led by $122.8 million in long liquidations.

The bearish performance comes after Ether faced a rejection at the 200-day Exponential Moving Average (EMA), just below the $3,660 resistance, on Wednesday. It dropped to the $3,470 support level but has now bounced back and is trading above $3,500 per coin. 

If ETH sustains its recovery above $3,470, it could rally higher and hit the $3,900 mark. However, the resistance level at $3,660 will provide a challenge in the near term. On the flip side, failure to surpass the $3,660 resistance level could see ETH retest $3,470, with another support level just around $3,100.

The Relative Strength Index (RSI) stands at 51, showing a fading bearish trend. The MACD line is also below the neutral zone, but could crossover into the bullish region if the recovery continues.

The post Ether eyes $3,900 as Whales accelerate buying pressure appeared first on CoinJournal.

Key takeaways

• SOL is trading above $160 after testing the $150 low on Tuesday.
• The coin could rally towards the $200 level soon amid growing demand and low supply.

SOL recovers from Tuesday’s slump

Solana’s derivatives market has not fully recovered since the October 10 deleveraging event, which liquidated over $19 billion in crypto assets within 24 hours. Data obtained from CoinGlass showed that the futures Open Interest (OI) averaged $17.63 billion on Wednesday, up from the $7.7 billion recorded on Tuesday. 

The growing OI, representing the national value of outstanding futures contracts, suggests that retail investors are regaining interest in the cryptocurrency. A steady recovery in the OI will indicate a short-term bullish outlook. Otherwise, Solana’s recovery potential could remain limited.

Solana bulls eye short-term breakout

The SOL/USD daily chart remains bearish and inefficient as Solana has failed to break above the $200 psychological level in the near term. SOL is trading at $160 per coin at the moment as the broader crypto market recovers from the recent slump. 

The Relative Strength Index (RSI) on the daily chart holds at 40, signaling a fading bearish trend. If the RSI moves above the neutral 50, SOL could rally higher towards the $188 resistance level in the near term. An extended bullish run would see SOL hit $200 for the first time since October 25th. 

However, if the downtrend continues to dominate, SOL could drop below the $150 support level and retest the recent low of $144. 

Conversely, the Moving Average Convergence Divergence (MACD) indicator on the daily chart is set to trigger a buy signal. This signal usually takes place once the blue line crosses and settles above the red signal line, encouraging investors to increase their risk exposure. 

SOL could experience a 22% breakout from its current level, allowing it to hit the $200 psychological level.

The post Solana eyes $200 amid growing demand; Check forecast appeared first on CoinJournal.

Key takeaways

• XRP is trading above $2.4 after defending the $2.35 support level.
• The cryptocurrency could rally towards the $2.7 resistance level soon.

XRP defends the $2.35 support level

The cryptocurrency market had a positive start to the week, with Bitcoin and other major cryptocurrencies recording excellent gains. Bitcoin hit the $107k resistance level but faced rejection at this zone and dumped below $103k on Wednesday.

This bearish performance also affected major altcoins, including XRP. Ripple’s native coin dipped below $2.40 on Tuesday, but the bulls defended the $2.35 support level. This allowed the cryptocurrency to reclaim the $2.4 level and could serve as the springboard to push the price higher in the near term.

Analysts expect XRP’s price to surge higher ahead of a possible ETF approval by the United States Securities and Exchange Commission (SEC). In an email to Coinjournal, Alexis Sirkia, Chairman of (Ripple-backed) Yellow Network, stated that,

“Investors are looking to get in ahead of and benefit from the retail and institutional capital that floods in with ETF approvals, which looks to be set for around November 13. 

Whilst separate entities, Ripple’s recent $500 million strategic investment and $40 billion valuation are another positive factor impacting XRP’s price. If Wall Street titans like Citadel and Fortress are betting so much on Ripple, which stewards the XRPL, they clearly believe in the utility of the ledger itself. Any further major price move for XRP will be driven by these structural factors, not just by short-term sentiment.”

XRP eyes $2.7 if the daily support at $2.35 holds

XRP rallied to the $2.55 level on Monday, retesting its 50-day EMA following the bearish performance recorded last week. However, the resistance failed and XRP dipped below $2.40 on Tuesday. It is now trading around $2.44 per coin.

If the daily support at $2.35 holds, XRP could rally higher and retest the $2.55 resistance level once again. An extended bullish trend would see XRP grab the trendline liquidity and hit $2.70 in the process. 

The daily RSI dipped below the neutral 50 level to 47, indicating slight weakness in momentum. However, the MACD showed a bullish crossover earlier this week, suggesting that the bullish view remains in play.

On the flip side, if XRP closes below the daily support at $2.35, the bearish trend would continue, and XRP would decline toward the next daily support at $1.96.

The post Ripple price forecast: XRP eyes $2.70 despite poor price action appeared first on CoinJournal.