Kategorie: Ethereum News

Fear remains the key emotion in the cryptocurrency space; an aspect that has been weighing on most majors and meme coins. For instance, coupled with its internal challenges, the risk-off mood has Ethereum price still trading below the short and medium-term MAs. However, steady investor confidence has benefited Bitcoin and Solana.

At the same time, savvy investors are looking for opportunities in new crypto projects. As the first Bitcoin meme ICO, Bitcoin Pepe is one of the new entrants that have captured investors’ attention. It seeks to bring the meme culture home to the stable Bitcoin network; assuring meme lovers of a reliable platform, lower fees, and Solana-style transaction speed. 

Ethereum price stalls as ETH ETFs, OI show reduced investor confidence

Ethereum’s underwhelming performance remains a concern for many crypto enthusiasts. The leading altcoin tends to mirror Bitcoin’s price movements. However, as the leading cryptocurrency strives for recovery, Ethereum price continues to trade below the short and medium-term MAs of 25 and 50 days. 

What’s more, a decline in its Open Interest (OI) and spot Ethereum ETFs’ net inflows point to low investor interest. This is especially since high institutional demand has been a major part of Ether’s appeal in the past. 

Data released by SoSoValue showed zero net inflows in Thursday’s session. Indeed, the top 9 spot ETH ETFs all recorded zero flows. Since the beginning of April, there has been a string of outflows with only one session of inflows and another of zero flows. 

Besides, at the current $18.26 billion, its OI is significantly below its peak of $32.3 billion in late January. As a performance metric, OI tracks an asset’s options and futures contracts to highlight investor participation. 

As seen on its daily price chart, Ethereum price will likely remain range-bound between the support zone of $1,515 and the crucial support-turn-resistance zone of $1,750. Even with further rebounding, the altcoin will likely remain below $1,850 in the short term.

Increased interest in Bitcoin Pepe fuels success in the presale’s first 10 weeks 

As the world’s first Bitcoin meme ICO, Bitcoin Pepe has created the much-awaited bridge between the world of meme coins and the stable Bitcoin network. Indeed, it is this one-of-a-kind merge that has fueled the project’s virality even before hitting the public shelves. 

In the first 10 weeks of its presale, the project has raised over $6.8 million. Besides, 8 out of the total 30 stages have been sold out; securing 40.5% in gains for the early adopters. 

By the end of the presale in Q2, long-term holders will have up to 311.4% in cumulative gains. Furthermore, through its mission of “building Solana on Bitcoin”, the project is expected to deliver more gains after its launch. Hurry up and buy Bitcoin Pepe here.

Solana price sustains recovery amid heightened investor confidence

Solana has grown to be a leading blockchain, playing a significant role in NFT and DeFi ecosystems. Despite the persistent macroeconomic uncertainties, it is one of the top-performing majors as investors remain confident in its potential. 

A look at its daily chart shows the altcoin trading above the 25 and 50-day EMAs as it records steady recovery. In the immediate term, the range between $123.82 and the current resistance zone of $141.88 is worth watching. With the entry of more buyers, the bulls may have an opportunity to break the resistance to the next target at $150.25.

 

The post Ethereum stalls, Solana rises as Bitcoin Pepe gains steam appeared first on CoinJournal.

• The SEC said it would defer its decision on the Grayscale ETFs until June 1.
• A final ruling deadline is set for late October.
• Ether’s market performance has lagged relative to peers in the current bull market.

The US Securities and Exchange Commission (SEC) has postponed its decision on whether to permit Ether staking within two of Grayscale’s Ethereum funds, further drawing out a process closely watched by crypto market participants and asset managers.

In a notice dated April 14, the SEC said it would defer its decision on the Grayscale Ethereum Trust ETF and the Grayscale Ethereum Mini Trust ETF until June 1.

A final ruling deadline is set for late October. The delay comes two months after the New York Stock Exchange filed a proposed rule change on Grayscale’s behalf.

It would allow Ether ETF investors to stake their holdings, locking up cryptocurrency to support the network’s operations in exchange for yield.

Staking yields have become an important feature for potential Ether ETF investors.

Coinbase currently offers an estimated 2.4% annual yield on staked Ether, while rates on Kraken range between 2% and 7%.

Ether ETFs have seen a comparatively modest uptake since their 2024 debut, with cumulative net inflows of $2.28 billion according to Sosovalue — a sharp contrast to Bitcoin ETFs, which have attracted over $35.4 billion in inflows.

The race for Ethereum staking

Grayscale is not alone in its pursuit. BlackRock’s 21Shares iShares Ethereum Trust also filed for staking permissions in February and awaits SEC approval.

The delay underscores persistent regulatory caution surrounding staking services in publicly traded products, even as other facets of crypto ETFs advance.

On April 9, the SEC approved options trading for multiple spot Ether ETFs, including those from BlackRock, Bitwise, and Grayscale.

The move allows these funds to offer derivatives exposure.

This feature broadens their appeal to institutional players but stops short of addressing the core issue of yield generation through staking.

Ether underperformance 

Ether’s market performance has lagged relative to peers in the current bull market.

As of April 14, the token remains below $2,000, well off its 52-week high of $4,112 and still shy of its November 2021 all-time high of $4,866.

This underperformance stands in contrast to other digital assets like XRP and Solana, both of which have posted stronger gains in the latest rally.

The muted demand for Ether ETFs compared to their Bitcoin counterparts, alongside Ether’s relatively weak price action, reflects investor hesitancy amid regulatory ambiguity and market volatility.

The SEC’s ongoing delays around staking approvals only reinforce that uncertainty for now.

The post SEC delays call on Grayscale’s Ethereum ETF staking proposal appeared first on CoinJournal.

• Ethereum (ETH) price is showing recovery after falling to a low of $1,415.
• Bullish patterns and DEX strength signal a potential ETH price rebound.
• The upcoming Pectra update may drive ETH to $2,140.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has endured a tough quarter, with its price recently dipping to $1,415, reflecting a steep 61% drop from its December peak.

This significant decline has cast Ethereum as a notable underperformer in the crypto market, sparking unease among investors and analysts.

However, after hitting a low of $1,415, the price has shown signs of recovery, climbing to around $1,623.42, hinting at a potential shift in momentum.

What caused the ETH price to drop this low?

The downturn in Ethereum’s price stems partly from internal problems, with David Hoffman, co-founder of Bankless, calling out the community’s leadership for alienating users and builders.

Hoffman points to hostile attitudes, like shaming the staking platform Lido Finance and criticizing certain traders, which may have shaken confidence in the ecosystem.

Everyone is midcurving why ETH’s price performance has sucked

Ethereum leadership and culture have alienated users and builders by being hostile to its own app layer.

We publicly exorcised @LidoFinance. We’ve shunned traders and degens.

On a permissionless chain, we’ve tried…

— David Hoffman (@TrustlessState) April 12, 2025

Ethereum Co-founder Vitalik Buterin, in an April 12 post on Warpcast, also emphasized the need for a strong social philosophy in Ethereum’s application layer to guide developers in building decentralized apps that align with its core values, citing projects like Railgun and Farcaster as positive examples.

Beyond internal strife, Ethereum’s Layer 1 infrastructure has struggled to keep pace with newer blockchains, adding pressure to its valuation.

External forces, such as market volatility triggered by President Trump’s tariff announcements, have also fueled sell-offs across cryptocurrencies, dragging Ethereum down further.

Technical analysis signals a price rebound for Ethereum (ETH)

Despite the rocky 2025 start, several factors suggest that Ethereum could be gearing up for a rebound, offering hope to those watching its trajectory.

Technical analysis, however, paints a more optimistic picture, as chart patterns signal a possible reversal in Ethereum’s fortunes.

A falling wedge pattern has emerged on both daily and weekly charts, nearing a confluence level that often precedes a bullish breakout.

Should this pattern play out, Ethereum (ETH) could climb to $2,140, a 35% jump from its current price.

An inverse head-and-shoulders pattern, another bullish indicator, is also taking shape on the one-day chart, strengthening the case for an upward move in the near term.

The RSI indicator also recently rebounded from the oversold region, signaling that the token could be on a bullish rebound, which could last for a while.

The Market Value to Realized Value (MVRV) Z-score dipped to -0.832 before rebounding to around 0.98 at press time, indicating Ethereum is trading well below its historical average.

This metric implies that the cryptocurrency may be a bargain for investors, potentially sparking buying interest that could lift its price.

Historically, such undervaluation has often preceded periods of price appreciation, adding weight to the bullish outlook.

Ethereum-based DEXs outpacing rivals

Ethereum’s decentralized exchange (DEX) network continues to demonstrate resilience, providing another reason for optimism.

Despite competition from blockchains like Solana and Arbitrum, Ethereum’s DEXs processed over $17 billion in volume in the past week, outpacing rivals, according to data from DefiLlama.

This sustained activity highlights Ethereum’s ability to retain users and liquidity, even with higher fees, reinforcing its foundational strength.

Such robust performance suggests the network remains a cornerstone of the decentralized finance space, capable of weathering competitive pressures.

Valuation metrics further bolster the argument that Ethereum is primed for a recovery, as its current price appears undervalued.

The upcoming Ethereum Pectra update

Looking forward, the Pectra update, slated for May 7, 2025, promises to enhance Ethereum’s network, potentially reversing some of its recent setbacks.

This upgrade aims to tackle Layer 1 challenges, improving scalability and efficiency, which could restore faith among investors and developers.

A successful rollout might serve as a catalyst, driving Ethereum’s price higher as the market anticipates a more competitive blockchain.

Scheduled improvements like these signal Ethereum’s commitment to evolving, a factor that could reignite enthusiasm.

The combination of bullish technical patterns, a strong DEX ecosystem, undervaluation, and the promise of the Pectra update builds a solid case for recovery.

Investors would do well to keep an eye on resistance levels and sentiment shifts, yet the evidence points to Ethereum potentially rising from its disappointing quarter.

The post Why Ethereum price may be on its way up after a disappointing quarter appeared first on CoinJournal.