Cardano at Defining Price Level—Breakout or Capitulation? Bitget
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Ethereum is at a pivotal crossroads after a sharp move into the $3,160 resistance zone. A clean breakout could unlock higher upside targets, while failure at this level may trigger a near-term pullback as the market searches for stronger support before its next decisive move.
A Push Straight Into The $3,160 Resistance Zone
Lennaert Snyder noted in a recent update that Ethereum has pushed directly into a key resistance zone around $3,160. Similar to Bitcoin, ETH saw a typical Sunday pump that carried the price straight into overhead resistance, placing the market at a key decision point.
With Ethereum now trading around the $3,160 level, Snyder explained that a confirmed 4-hour reclaim of the level could open the door for continuation longs. In that scenario, upside targets come in near $3,250, with $3,390 acting as the final objective.
However, Snyder also cautioned that Monday sessions often fade or fully retrace Sunday-driven moves. A clear break in market structure could therefore validate short setups early in the week. If such a pullback unfolds, price may revisit lower levels in search of a higher low, potentially setting the stage for a more sustainable, smart-money-driven rally.
On the downside, Snyder highlighted that a resistance-turned-support flip near $3,050 could provide an attractive entry, while a deeper sweep toward the $2,880 weak lows may also offer opportunities if demand steps in.
Ethereum Holds A Broader Structural Support On The Weekly Chart
According to More Crypto Online, Ethereum is still hovering near a broader structural support zone on the weekly chart. This area continues to provide a foundation where an upside reaction remains possible, even though such a move does not need to unfold immediately. The analyst noted that price could still carve out one additional low early next year before the market reveals a clearer move.
The major resistance zone overhead remains the most important reference point in the current structure. How Ethereum behaves as it approaches this region will be decisive in determining which of the larger market scenarios ultimately takes control.
For now, both primary scenarios remain technically valid, and the weekly chart has not yet delivered confirmation of the market committing to a single path, keeping the broader outlook balanced and unresolved. This uncertainty reinforces the need for patience as the structure continues to develop.
What will eventually shift probabilities is price action around these key zones. While the chart is not providing clear answers at the moment, it is clearly defining market conditions. These conditions are expected to help reveal Ethereum’s preferred direction in early 2026.
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Ethereum is showing slight upward momentum once again, but the price still remains below the $3,000 level. Despite the fluctuating price actions in the past few weeks, certain structures and narratives that bolster the leading altcoin’s value are still holding strong, raising the potential for a major upswing.
Rising TVL Reinforces ETH’s Price Foundation
In the dynamic cryptocurrency landscape, Ethereum’s Total Value Locked (TVL) is still emerging as a subtle but powerful anchor for the altcoin’s long-term price stability and the growth of its evolving ecosystem. Over the past few years, this narrative has held strong, bolstering ETH’s price.
While short-term price action still varies with overall market sentiment, ETH’s core value is being reinforced by the consistent concentration of capital throughout the network. Milk Road, a crypto and macro researcher, stated that the price of the altcoin has increasingly tracked the amount of capital that is present on the network.
The development suggests that ETH’s valuation is becoming more structurally supported and less speculative. As a result, the network is maturing to a phase where price floors are primarily determined by utilization rather than hype.
According to the expert, if the TVL expands meaningfully, the network’s economy simultaneously sees noticeable growth. This implies deeper liquidity, stronger collateral base, and more durable demand for block space and the network’s security.
Milk Road highlighted that non-speculative capital, such as stablecoins, treasuries, Real-World Assets (RWAs), and on-chain asset management, are likely the major drivers of the rising TVL. Meanwhile, as the capital flowing from these areas continues to scale, ETH’s floor also rises outside of bull markets.
However, it appears to be more difficult to break into bear markets. It is worth noting that the broader ecosystem’s resilience is strengthened when this occurs, and also improves the long-term valuation anchor.
Why You Shouldn’t Be An ETH Bear
After examining the value of ETH vs. the size of the Ethereum ecosystem chart, Emperor Osmo, a data analyst and researcher, declares that being an ETH bear now is not an ideal choice despite the current bearish state of the market.
Osmo’s bold statement hinges on the major shift in Ethereum network fees. As blockspace becomes commoditized, the expert highlighted that ETH has moved from generating 90% of fees generated by Layer 1s to 2%. Despite this massive shift, the network continues to dominate in TVL and ecosystem growth.
The chart shows that ETH trades are at $353.2 billion while the ecosystem built on top of the network trades at $330 billion, representing a 1.1x premium. According to Osmo, this trend makes the assumption that there is no growth, no value capture, and no liquidity inflows.
At the time of writing, the Ethereum price was trading near the $3,000 mark, after recording a nearly 1% increase over the last 24 hours. Its trading volume is moving in the opposite direction to ETH’s price, dropping by more than 13% in the past day.
Featured image from iStock, chart from Tradingview.com
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Pi Network (PI) Price Targets, Cardano’s (ADA) Defining Moment, and More: Bits Recap Dec 19 CryptoPotato
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The XRP price has retraced and lost the gains it recorded from its Sunday rally following Trump’s announcement that the crypto would be included in the crypto strategic reserve. Following this price correction, crypto analyst Trade City has key support levels that could determine XRP’s future trajectory.
Important Support Levels For The XRP Price
In a TradingView post, Trade City highlighted $3.06717 and $1.67220 as critical support levels for the XRP price on the weekly timeframe. While analyzing the weekly chart, the analyst noted that after bouncing along the ascending trendline, XRP confirmed its breakout above $0.73056, which sparked the main bullish leg, sending the crypto up to $3.06717.
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In line with this, Trade City remarked that $3.06717 is the all-time high (ATH) and a major supply zone. He added that the next bullish leg could begin soon enough if the XRP price can hold above this level. Meanwhile, in the event of a price correction, the analyst stated that the only key support viable in the weekly timeframe is $1.67220.
Trade City revealed that the Relative Strength Index (RSI) oscillator has exited the overbought zone and returned to normal levels. He asserted that the bullish scenario for the XRP price becomes more likely if the RSI re-enters overbought conditions.
Analysis Of The Daily Timeframe
Trade City went further to give an in-depth analysis of the XRP price on the daily timeframe. He stated that the first key observation on the daily timeframe for the XRP price is a strong bearish divergence on the RSI, which formed as the price moved sideways inside the range between $2.02967 and $3.30467.
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The crypto analyst revealed that the trigger for this bearish divergence is a break below $2.02967, which has yet to happen. The analyst warned that a break below this support level could happen soon due to a drop in the trading volume. If this range breaks downward and the support level at $2.02967 is lost, Trade City stated that the XRP price could enter a deeper correction toward key Fibonacci levels such as 0.382, 0.5, and 0.618.
The analyst noted that these three Fibonacci levels are strong support zones, which could prevent a further sell-off. Meanwhile, on the bullish side, if the XRP price breaks to the upside from its current range, the analyst assured that a new bullish leg will begin, pushing the crypto toward higher targets. The analyst’s accompanying chart showed that the XRP price could rally to as high as $4, marking a new ATH for the crypto.
At the time of writing, the XRP price is trading at around $2.32, down over 12% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com
Dogecoin Ready For Bullish Breakout, But $0.11 Is The Defining Level | Bitcoinist.com Bitcoinist
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The escalation of tensions between Russia and Ukraine continues apace, and all global markets have plummeted today. During this crisis, the leading cryptocurrency Bitcoin (BTC), which was trading for $34,000 at the time, retreated then recovered. This, according to a well-known analyst, is the perfect time to invest in Bitcoin.
Bitcoin Falls Following Tensions
Bitcoin rose little after Wall Street began on February 24, with markets still focused on Russia’s invasion of Ukraine and its aftermath.
BTC/USD was nearing $36,400 on Bitstamp two hours after the opening bell, up $2,000 from its recent lows, according to data from TradingView.
Russia’s nighttime foray into Ukraine, which persisted and ricocheted across global commerce, rocked jittery markets.
Related Article | Stifel says Three Macro Factors Could Drop Bitcoin Price To $10,000
Russia’s stock market, however, suffered a different amount of stress, with MOEX losing 50% of its value and briefly suspending trade.
Bitcoin, which had been on the decline earlier in the day, has made a nice recovery.
BTC/USD trades at a $36k amid crisis. Source: TradingView
Sahil Sakhrani, a market analyst at crypto research firm Macro Hive, said:
“At the start of the week, escalating tensions between Russia and Ukraine had hit crypto markets hard. Our crypto indices were already showing sizeable losses across all sectors.”
Sakhrani cautioned that the imposition of fresh sanctions against Russia’s economy might exacerbate the issue further, and that Bitcoin’s relationship with traditional stock markets should not be neglected.
Mike McGlone Says This is A Buying Opportunity
Bloomberg senior commodity analyst Mike McGlone told Scott Melker, presenter of the Wolf of All Streets podcast, that the markets are overdue for a large correction, most notably in equities, but also in the crypto market.
McGlone, in particular, believes that this is a “defining moment” for the digital asset; despite the uncertainties, he sees this as a “very good buying opportunity” for long-term investors who have been sitting on cash.
The commodity strategist said:
“The key thing to point out here is cryptos and Bitcoin are still risk assets and they’re giving up back a lot of gains. I still think there is more pain there. I don’t think Bitcoin gets much below $30,000 its holding good resistance around $40,000. I think this is ultimately going to be a very good buying opportunity for Bitcoin for longer-term traders. It’s going to be looked back upon in history as a defining moment.”
Related Reading | Bitcoin Prices Bear The Brunt Of Long Liquidations And Geopolitical Tensions
Featured image from Pixabay, chart from TradingView.com
Prominent crypto exchanges plan to woo Super Bowl viewers by paying millions to air adverts this coming Sunday.
Despite a less than impressive start to 2022, having lost 30% in total market value at the YTD bottom, capital inflows have since pushed the total market cap back to currently just below $2 trillion.
FTX co-founder Sam Bankman-Fried remains optimistic that the recent hiccup won’t put off the general public. He points out that crypto is up there as one of the strongest performing sectors in recent times.
“It certainly hasn’t been the best last two months for the digital asset industry, but overall it has been pretty much the best performing sector over the last year.”
Reaching the masses through sports
A string of sporting endorsement deals shows exactly how crypto firms look to boost adoption and spread brand awareness.
Notable partnerships include Binance’s sponsorship of the Africa Cup, which ended with Senegal crowned 2022 champions following a 4-2 penalty shoot-out victory against Egypt on Sunday.
Binance Chief Market Officer Yi He commented that Africa, as a crucial region for the blockchain industry, will see the firm continue to push its adoption efforts in the continent.
“We will continue to put in our efforts in pushing the mainstream adoption of crypto so that more people can understand crypto, and understand Binance.“
However, the biggest sponsorship deal to date is Crypto.com paying $700 million for the naming rights to the Los Angeles Arena, home of the Lakers, Clippers, Kings, and Sparks.
Steve Ehrlich, The CEO of trading app Voyager Digital, said interest in sports and crypto are closely correlated. With that, he says it’s only natural for crypto firms to target sports.
“Our research shows that there is a lot of crossover between an interest in crypto and sports fans.”
Crypto exchanges willing to pay millions for a Super Bowl slot
According to the Bleacher Report, Beijing’s 2008 Summer Olympics ranks as the world’s most-watched sporting event, pulling in 4.7 billion views.
The Super Bowl ranks fifth, with last year’s game attracting an audience of 111 million viewers. While significantly less than the 2008 Olympics, the Super Bowl is easily the biggest sporting and television event in the U.S. Especially as the 111 million audience figure is assumed to be under-reported.
“And those are just households. Many people go to bars and restaurants to watch The Big Game. There are also people who host Super Bowl parties and the Nielsen Ratings only count households, not the number of people that watched in the household.”
This year’s showdown between the Cincinnati Bengals and the Los Angeles Rams will cost advertisers from $6.5 million for a 30-second slot.
Coinbase, FTX, and Crypto.com are all willing to stump up the cost to air their ads during the Super Bowl. In contrast, Binance will be running ads around the game.
The Wall Street Journal talked up the significance of this, saying this is the first time crypto firms will be advertising on “the largest stage in the world.”
WSJ Reporter Paul Vigna said the upshot to this is likely an “unveiling moment” for the entire crypto sector.
“This moment, with these companies buying ads in the Super Bowl caps off what has been a long run-up for the cryptocurrency sector, in terms of its mainstream recognition and acceptance.”
And with Super Bowl ads becoming as much of an event as the game itself, what’s a better way to speak to the masses?
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