Schlagwort: crypto market

Key takeaways

• Ether is down 2% in the last 24 hours and is now trading below $4k.
• The bearish performance comes after Wednesday’s FOMC.

Ether drops below $4k on FOMC news

Ether, the second-largest cryptocurrency by market cap, has turned bearish after losing 2% of its value in the last 24 hours. The bearish performance saw Ether temporarily drop to the $3,800 mark, but it is now approaching $4k.

Yesterday’s sell pressure came after the FOMC meeting, with the Federal Reserve cutting interest rates by 25 basis points. However, Fed Chair Jerome Powell revealed that the apex bank will end quantitative tightening on December 1st. 

This means that the Fed will reduce the financial assets it holds on its balance sheet by selling them into the financial markets, which decreases asset prices and raises interest rates. With this, it is highly unlikely that the Fed will cut interest rates in its next FOMC meeting in December.

Ethereum’s Fusaka upgrade, slated to bring increased scalability and security improvements, successfully debuted on Hoodi on Tuesday, the third and final testnet before mainnet launch. This launch didn’t push ETH’s price higher in the near term due to the broader crypto market volatility. 

ETH could bounce back above $4,200 soon

The ETH/USD 4-hour chart remains bearish and efficient as Ether is down 2% in the last 24 hours. It is now trading at $3,939 per coin and could rally higher in the near term. 

The technical indicators remain bearish but are showing signs of recovery following the recent dip. The RSI of 46 shows that the bearish trend is fading, with the bulls set to push its price higher over the next few hours and days. The MACD lines are also within the negative territory after flashing a sell signal on Wednesday.  

If the recovery continues, ETH could reclaim the resistance level at $4,232 over the next few hours or days. An extended rally would allow ETH to hit the 4-hour ILQ at $4,409. However, failure to climb above $4,200 in the near term could see ETH retest the $3,800 low in the coming hours or days.

The post Ethereum price forecast: ETH eyes $4,200 after bouncing back from recent low appeared first on CoinJournal.

Key takeaways

• BTC is down 1% in the last 24 hours and is now trading below $113k.
• The Fed is expected to cut interest rates by at least 25 basis points today.

FOMC meeting dominates headlines

Bitcoin, Ethereum (ETH), and Ripple (XRP) are currently bearish as they are struggling to break above key resistance levels. Bitcoin has dropped below 113k and is now trading around $112,950 per coin.

This price action comes after Bitcoin’s price was rejected at the 78.6% Fibonacci retracement level. The bearish performance in the last few hours comes ahead of the FOMC meeting in a few hours.

The Federal Reserve is expected to cut interest rates by at least 25 basis points, a move that could see Bitcoin and other leading cryptocurrencies rally in the near term. The rate cut is expected despite the ongoing U.S. government shutdown, which caused a financial data backlog in the last three weeks. 

Bitcoin could hit $120k if the bullish trend resumes

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed in the last 24 hours. The bearish performance comes after Bitcoin retested and faced rejection from the 78.6% Fibonacci retracement level at $115,137 earlier this week. It is now down 1% in the last 24 hours and is currently trading below the 50-day Exponential Moving Average (EMA) at $112,950.

The Relative Strength Index (RSI) on the 4-hour chart hovers around 60, indicating a bullish bias among traders. Furthermore, the Moving Average Convergence Divergence (MACD) showed a bullish crossover on Sunday, supporting the bullish thesis.

If Bitcoin holds its price above the $112k level and closes its daily candle above $115,137, it could extend the rally toward the key psychological level at $120,000.

However, failure to close above the $115,137 resistance level could see Bitcoin lose its recent momentum and decline toward the 61.8% Fibonacci retracement level at $106,453.

The post Bitcoin price forecast: BTC dips below $113k ahead of FOMC appeared first on CoinJournal.

• Router Protocol completes migration with an airdrop on Ethereum.
• ROUTE price gains momentum as the Router App launch boosts interest.
• Analysts see breakout potential but warn of post-airdrop volatility.

Router Protocol is entering a decisive phase as two major developments converge: the token migration completes with an airdrop for unmigrated balances, and the Router App — powered by the project’s Open Graph Architecture — has gone live.

These events could reshape liquidity, user flows, and market sentiment for the ROUTE token.

Airdrop seals migration

Router Protocol confirmed that unmigrated ROUTE tokens on the legacy Router Chain will be distributed to eligible Ethereum wallets via an airdrop on October 28, 2025.

The team published the eligible-wallet list and framed the distribution as the final step in consolidating the token on Ethereum.

ROUTE Migration Update

As part of moving all ROUTE tokens from Router Chain → Ethereum, the below addresses have unmigrated tokens and hence will receive their tokens via airdrop on Ethereum chain.

Airdrop Date: Monday, October 28
Eligible Wallet List: https://t.co/V1WyUqAgEF… https://t.co/3xN9SH6fSl

— Router Protocol (@routerprotocol) October 23, 2025

Market participants typically react to migration completions in two ways: some see it as a trust-building milestone that simplifies token management and encourages broader exchange support, while others treat airdrops as near-term sell pressure events when recipients liquidate allocations.

That tension — immediate selling versus longer-term confidence — is why observers expect heightened volatility around the airdrop date.

The migration also follows a larger strategic pivot by the project away from maintaining an independent L1 towards providing cross-chain infra via OGA.

The sunset of Router Chain and consolidation on Ethereum removes fragmentation and ends on-chain inflation tied to validator rewards, according to community commentary.

Router Protocol’s Router App goes live

On August 28, the team launched the Router App, a cross-chain swapping interface built on Open Graph Architecture.

The App aggregates bridges and DEX liquidity across EVM and non-EVM chains, promising smarter routing and the ability to split and reassemble trades in real time.

The announcement positions Router App as the consumer-facing layer of a broader routing standard.

Technically, the Router App’s value proposition is twofold: it offers immediate utility by improving swap efficiency across many chains, and it signals a productization of Router Protocol’s core infra, which may attract both retail users and protocol integrators.

Early adoption metrics, and whether users move meaningful TVL into the App, will matter for price and perception.

ROUTE price reaction: analysts eye a potential breakout

As Router Protocol completes its migration and launches the Router App, analysts and traders are closely watching the ROUTE price for confirmation of a possible breakout.

The token has already shown early signs of strength, maintaining steady gains in recent weeks as attention builds around these milestones.

At press time, ROUTE traded at $0.004541, up 11.7% in 24 hours after hitting a low of $0.003865.

Crypto analyst Chetan has been among the most vocal, noting that ROUTE remains up over 70% since his initial call and is now breaking above a key trend line that has held since November 2024.

Chetan suggests that if the breakout sustains, ROUTE could climb to a minimum target between $0.033 and $0.039, with a maximum upside around $0.10–$0.11.

Chetan frames the setup as a high-risk, high-reward scenario — roughly 50% downside risk versus 5x to 15x potential reward — but stresses the need for patience, saying he’s watching how the quarterly candle closes before adding more.

$ROUTE still up 70% since the buy…. and nearly 2x since its lows…

and now breaking out first time from its November 2024 trend-line….

if the breakout happens then its a possible sign for continuation to 0.033$ – 0.039$ minimum…

maximum it can go for 0.10$ – 0.11$…… https://t.co/7s3Rgy2YRk pic.twitter.com/Wsw9Ts46Hv

— Chetan (@chetangurjar642) September 28, 2025

At the same time, community member Jel has expressed renewed optimism, calling the potential “comeback of $ROUTE” “yuge”, reflecting growing bullish sentiment among long-term supporters.

Jel’s remarks echoed those of Ram from Router Protocol’s core team, who emphasised that the migration marks a fundamental reset for the ecosystem — validator rewards are ending, inflation is dropping to zero, and ROUTE is consolidating fully on Ethereum via Nitro.

Ram also noted that with consolidation complete, centralised exchanges are expected to fully support ROUTE on Ethereum, which could strengthen liquidity and accessibility.

The majority believe that completing the migration and delivering a live, functional cross-chain product could help the token rebuild credibility and attract more trading activity.

However, many warn that immediate volatility is likely after the airdrop as some recipients may take profits.

But if momentum continues alongside growing Router App adoption and Ethereum-based liquidity, the token could confirm its recovery narrative and extend its move higher.

The post Router Protocol price breakout as migration airdrop and Router App launch goes live appeared first on CoinJournal.

TL;DR

• HBAR is up 16% in the last 24 hours, the best performer among the top 20 cryptocurrencies by market cap.
• The coin rallied ahead of the Hedera ETF listing on the NYSE.

HBAR outperforms other major cryptocurrencies

HBAR, the native coin of the Hedera blockchain, is the best performer among the top 20 cryptocurrencies by market cap. It added 16% to its value in the last 24 hours, allowing it to cross the $0.20 mark. 

The rally comes as the Canary HBAR ETF is set to commence trading on the New York Stock Exchange today. According to Bloomberg’s senior ETF analyst Eric Balchunas, several altcoin-focused crypto ETFs are set to begin trading, including the HBAR Fund by Canary.

The new ETFs will allow institutions to gain more exposure to the cryptocurrency market, with most of them trading Bitcoin and Ethereum-focused funds since the start of the year. 

The listing comes as a surprise due to the ongoing U.S. government shutdown, with the Securities and Exchange Commission only retaining a few essential staff during this period.

However, HBAR’s price could rally higher in the near term thanks to this latest development. 

HBAR eyes $0.23

The HBAR/USD 4-hour chart is bullish and efficient thanks to the ongoing rally, with the technical indicators suggesting a further upward rally. The MACD lines are within the positive territory, suggesting a bullish bias. 

Furthermore, the RSI of 80 means that HBAR is close to entering the overbought region. If the bullish trend continues, HBAR could rally towards the next resistance level at $0.23400 over the coming hours. An extended rally would allow the coin to touch the $0.26 mark for the first time since August 22.

However, if the market undergoes a correction following this rally, HBAR could drop to the $0.18 level to cover the FVG left by the massive push. The low of $0.16 will provide support in the near to medium term to allow the coin to surge higher.

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