Kategorie: Crypto Markets

• Ethereum price was poised above the $2,150 level.
• Bulls were showing resilience as a whale re-accumulated $111 million worth of ETH.
• Another move above $2,000 could push prices towards the $2,500 resistance.

A mysterious Ethereum whale has re-emerged after lying dormant for seven months, and just deployed over $111 million in USDT to accumulate ETH.

The whale’s move came as the ETH price hovered above $2,170 amid a broader slip for cryptocurrencies early Thursday.

As Bitcoin revisited $70,000 support, Ethereum bounced off the crucial $2,150 level, with intraday volume up 39% at over $27 billion.

Ethereum whale spends $111 million to re-accumulate ETH

According to Lookonchain, a whale that exited Ethereum seven months ago as prices jumped towards $4,000 is back.

The mysterious holder has spent 111.62 million USDT to buy 50,706 ETH, executing this fresh buy at an average price of $2,201 per token.

On-chain data shows this purchase mirrors a sale exactly one year prior, when the same address offloaded 28,683 ETH at $3,892 each.

That sale netted $111.62 million, and a re-cumulation worth this exact value highlights a classic “buy-low, sell-high” move.

A mysterious whale returned after 7 months of inactivity and spent 111.62M $USDT to buy back 50,706 $ETH at an average price of $2,201.

1 year ago, this whale sold 28,683 $ETH at an average price of $3,892 for 111.62M $USDT.

What a perfect buy-low-sell-high move!… pic.twitter.com/3F56jkgr2y

— Lookonchain (@lookonchain) March 19, 2026

Waking up after seven months  also points to the whale’s positioning amid a potential rebound, and mirrors conviction buys by entities such as Bitmine.

The treasury firm, led by Fundstrat’s Tom Lee, recently bought 60,999 ETH worth over $140.3 million and currently holds 4,595,562 ETH worth over $10.5 billion.

ETH’s rebound above $2,000 coincided with the Ethereum Foundation depositing $7.88 million of the altcoin to Steakhouse, a DeFi asset manager with over a billion dollars in AUM.

The EF currently holds over $400 million of ETH.

Can ETH hold gains above $2,150?

Ethereum’s price rose to highs of $2,386 on Monday, riding a bullish flip that pushed Bitcoin to $76,000.

However, the current price hovers near $2,170, testing support amid Bitcoin’s fresh retest of support around $70,000.

As noted, top coins are retreating as risk assets grapple with global economic headwinds. Inflation and escalating Middle East tensions stand out as key short-term headwinds.

Meanwhile, the technical picture shows ETH hovering near a key support level on the daily chart.

The $2,100 mark currently acts as a pivotal support zone and aligns with a rising trendline.

Prices also track the 50-day exponential moving average, currently acting as resistance near $2,215. This is the hurdle bulls need to surmount for potential upside continuation.

If support holds firm above the aforementioned level, the next target remains $2,400-$2,500. Per the daily chart, the 100 EMA sits at the $2,500 mark.

A breakdown from current levels could allow bears to target $2,000 or lower. Cycle lows near $1,800 offer a robust demand reload zone.

The post Ethereum price hovers near key level as $111M whale sparks fresh accumulation appeared first on CoinJournal.

• FTX Token changed hands at around $0.28 amid broader crypto market volatility.
• The FTX Recovery Trust will commence a $2.2 billion distribution on March 31,2026.
• Potential impact on FTT’s price could see it fall to lows of $0.24.

FTX Token (FTT) is trading lower amid overall crypto weakness and as FTX Recovery Trust announces plans to distribute $2.2 billion to approved creditors by March 31, 2026.

The distribution will mark the fourth round of payouts from the collapsed exchange’s bankruptcy proceedings.

Could this influx of capital crash the FTT token? At the time of writing, FTT hovered near $0.28 and was down 2% in the past 24 hours.

FTX to distribute $2.2 billion to creditors

FTX’s ongoing creditor repayments follow the exchange’s Chapter 11 bankruptcy filed in late 2022 as the Sam Bankman-Fried empire imploded.

SBF was convicted of various charges related to the collapse and is serving a 25-year prison sentence, with FTX now the subject of a Netflix mini-series, ‘The Altruists’, that also features a depiction of Caroline Ellison.

The expectation is that the upcoming eight-episode show will highlight the dramatic implosion of one of the crypto sector’s biggest exchanges at the time, with key questions around governance and customer protection.

Bankman-Fried recently claimed the exchange was never insolvent.

FTX creditors have nonetheless already seen a series of successful payouts, and the company is eyeing another $2.2 billion to both convenience and non-convenience class claims.

The record date for this distribution was February 14, 2026, with payouts commencing March 31 for verified claim holders and distributed within 1-3 business days via designated providers.

(1/4) FTX announced it is set to distribute its Fourth Distribution of ~$2.2 billion on 3/31/26 to holders of allowed claims in the Plan’s Convenience and Non-Convenience Classes that have completed the pre-distribution requirements.

— FTX (@FTX_Official) March 18, 2026

FTT price outlook

FTT, the native token once central to the FTX ecosystem, remains sensitive to these events, despite falling to near zero from all-time highs above $85.

Holders could see the distribution as a fresh trigger to selling pressure, putting the token’s rebound from its all-time lows of $0.24 reached in October 2025 at risk.

Data shows that at least 38.3k wallet addresses hold the FTX Token.

With FTX nearing bankruptcy closure, recovery could include a bullish flip to $0.50 and likely the psychological $1.

This will also hinge on whether broader markets stabilize in the short term.

From a technical perspective, neutral oscillators and mixed moving averages signal caution ahead of the March 31 distribution.

The daily RSI hovers near 42 and signals potential downsloping towards oversold extremes.

Meanwhile, the MACD shows mild bullish momentum with a weakening histogram.

FTT is down 22% over the past month as altcoins suffer downward pressure amid current bearish crypto conditions.

If creditors liquidate holdings with prices in decline, a retest of the all-time lows around $0.24 could follow.

The post FTX to release $2.2B: will creditor cash crush FTT price next? appeared first on CoinJournal.

• Bitcoin traded to intraday lows of $70,500 amid key macro and geopolitical-related events.
• Veteran trader Peter Brandt has highlighted a potential bearish retest of support.
• The Iran war and inflation concerns tick potential negative catalysts boxes.

Bitcoin price flipped lower to trade below $70,500 as sellers showed fresh strength, with BTC down as cryptocurrencies reacted to US inflation data, the Federal Reserve’s rate decision, and the escalation in the Iran war.

Veteran trader Peter Brandt has shared his outlook for BTC in terms of technical setup, noting that a constructive “horn” remains in play. However, it could also be an “ugly” flag pattern.

BTC price 24-hour performance

Bitcoin is currently trading at approximately $70,850 as of March 19, 2026.

The benchmark digital asset has declined by nearly 4% over the past 24 hours, sliding from highs near $74,800 amid a confluence of negative catalysts.

Notably, the price movement ties directly to global events.

The ongoing Iran-Israel conflict, now in its third week, has escalated with Iran’s missile strikes in the Gulf after Israel eliminated key Iranian figure Ali Larijani.

This has spiked oil prices, fueling inflation fears and contributing to Bitcoin’s risk-off sentiment, as seen in prior dips below $64,000 after initial attacks.

Meanwhile, the US Federal Reserve’s March meeting held interest rates steady, citing inflation and uncertainty over the direction of the war in Iran and its impact on global energy markets.

Fed Chair Jerome Powell emphasized a cautious stance, delaying cuts amid rising inflation risks, which prompted a retreat across risk assets.

Earlier in the day, US inflation data showed the producer price index (PPI) coming in hotter than expected. BTC fell from above $74,000 as traders turned their attention to the further impact of the war.

BTC price forecast: Brandt’s shares potential “ugly” outlook

Peter Brandt, known for his classical charting expertise, highlighted Bitcoin’s potential price setup via a post on the social media platform X.

“The horn is constructive. The flag is ugly. Take your pick,” he cautioned as downside pressure resurfaced.

Comment on Bitcoin
I am well aware that you cryptocultists cannot stand the idea of traders being flexible and not totally dogmatic like you, but Bitcoin is set up for me in two ways.
The horn is constructive
The flag is ugly
Take your pick
Opinions are a dime a dozen $BTC pic.twitter.com/ORFbiI5yo3

— Peter Brandt (@PeterLBrandt) March 18, 2026

A look at the chart suggests a “horn” pattern that represents a volatile, widening formation.

In terms of technical setup, this signals a potential breakout momentum if Bitcoin pushes through upper resistance.

​Brandt’s chart shows consolidation above macro support, with price poised near the range top. If bulls manage to reclaim $74,000, a move to the $80,000 could materialize.

However, the flag pattern suggests action could turn bearish amid the macro and geopolitical factors.

Bitcoin price on the daily chart indicates rejection at the recent top could be another bearish wedge pattern, ex-fund manager Aksel Kibar notes.

Potentially, bears could target a retest of $68,000. Any further decline may see BTC revisit the $65,000-$60,000 range.

The post Bitcoin retests $70K as veteran trader flags ‘ugly’ setup appeared first on CoinJournal.

• XRP shows rare bottom signals and strong rebound potential.
• The key support at $1.44–$1.48 will guide near-term price action.
• A break above $1.60 with volume needed to sustain the rally.

XRP has grabbed the spotlight after overtaking BNB in market cap ranking following its recent price rebound.

Analysts point to technical signals that suggest XRP may have recently formed a long-term bottom.

These signals include an oversold RSI on the weekly chart and a stretch of negative funding rates that historically appear before significant rebounds.

XRP rebounded after hitting a rare bottom

After a period of sideways trading, XRP surged to a weekly high near $1.60.

This move followed a modest beta-driven pullback alongside Bitcoin, reflecting that broader market trends still influence XRP.

Despite the rally, the cryptocurrency faced technical resistance, with momentum indicators suggesting it had been overbought.

Trading volumes have cooled after the rally, which is typical when an asset approaches a key resistance area.

The current support zone around $1.44–$1.48 has become crucial.

Holding above this area could allow XRP to test $1.60 again and potentially reach new resistance levels beyond that.

Conversely, a breach below this support may see a decline toward $1.34, highlighting the importance of technical positioning.

What is fueling XRP’s rally?

XRP’s recent gains were fueled by multiple factors. First, its short-term correlation with Bitcoin helped it catch a wave as the broader market dipped slightly.

Second, technical patterns are now aligning in a way that traders rarely see, suggesting the bottom may hold.

Third, market inflows from institutional investors remain a key driver, especially in the form of spot XRP ETF activity.

Outflows from these ETFs in recent weeks have restrained buying pressure, but a reversal could reignite momentum.

But despite these positives, risks remain.

Volume remains lower than during the peak of the rally, signaling that conviction is not yet at its highest. Moreover, the current resistance at $1.60 is a significant hurdle.

A breakout above it, supported by rising trading activity, would confirm that the uptrend can continue.

However, caution is warranted, as the cryptocurrency is still navigating critical resistance and depends on continued support from market flows.

Traders should closely watch to see if XRP can hold its gains and build on this rare bottom.

If the support around $1.44-$1.48 remains firm and institutional demand resumes, the path toward higher levels may be within reach.

At the same time, failing to hold this support could quickly undo the recent gains.

For now, XRP sits at a critical juncture, with potential for both continuation and retracement depending on the next wave of market activity.

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