Following the crypto market recovery over the past week, several Ethereum (ETH) onchain metrics are demonstrating notable changes.
Arbitrum's (ARB) $71 million recovery of stolen funds linked to the KelpDAO exploit has triggered a broad debate over decentralization across the crypto community.
Pi Network (PI) is trading slightly above immediate support at $0.168 as of writing on Tuesday. PI’s deteriorating outlook aligns with the broader crypto market, faltering ahead of the United States (US)–Iran peace negotiations in Pakistan.
Ripple (XRP) shows signs of extending gains while trading above $1.43 at the time of writing on Tuesday. Several key support levels uphold the neutral-to-bullish bias, including the demand zone between $1.40 and $1.42.
Cryptocurrency prices are broadly recovering on Tuesday, led by Bitcoin’s (BTC) rebound above $76,000 at the time of writing, as investors hinge on any announcement of a second round of talks between the United States (US) and Iran as the two-week ceasefire winds down.
LayerZero (ZRO) is grinding lower, trading at $1.630 at the time of writing on Tuesday, weighed down by a dominant risk-off mood following KelpDAO’s exploit on Saturday. The path of least resistance points downward, as momentum indicators signal a strong bearish grip.
Bitcoin (BTC) trades in green above $76,000 on Tuesday after gaining nearly 3% in the previous day. The bullish price action is further supported by rising institutional and corporate demand.
Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are showing renewed strength on Tuesday as bullish technical setups continue to build across major meme coins. DOGE and SHIB are near key resistance zones, where a firm close above would signal further upside move.
Ripple (XRP) and Stellar (XLM) are trading above their key resistance levels on Tuesday after XRP closed above, while XLM found support around its respective resistance zones the previous day.
Decentralized finance (DeFi) protocol Aave has seen a sharp decline in activity, with its total value locked (TVL) falling 33% over the past week to roughly $16.7 billion, according to DeFiLlama data.
Strategy announced that it purchased 34,164 Bitcoin (BTC) for $2.54 billion last week, marking its highest acquisition since November and the third-largest weekly purchase ever.
Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) acquired 101,627 ETH last week, marking its largest weekly purchase since mid-December. That amount is also about 42% greater than its average weekly acquisition over the past month.
The crypto market broadly shows resilience on Monday, with Bitcoin (BTC) rising above $75,000 despite the United States (US)-Iran ceasefire appearing to hold by a loose thread.
Ripple (XRP) edges up above $1.42 at the time of writing on Monday, following two consecutive days of price correcting from last week’s high of $1.47. A strong support level appears to be forming at the broken resistance around $1.40, increasing the odds of a steady rebound.
Cryptocurrency prices exhibit relative strength on Monday, broadly rising despite mounting pressure on the United States (US)-Iran ceasefire.
Bitcoin (BTC) edges higher and trades around $75,000 on Monday after losing nearly 4.30% over the weekend, as renewed tensions between the US and Iran over the Strait of Hormuz hampered risk sentiment.
Pi Network (PI) trades at $0.171 on Monday after being rejected at its 50-day Exponential Moving Average (EMA) near $0.178 and closing below it on Sunday, signaling weakening bullish momentum.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) surged more than 4%, 3% and 5% in the previous week.
US Representative Sheri Biggs disclosed a personal investment in Bitcoin exchange-traded funds (ETFs) on Friday, according to a Periodic Transaction Report filing.
Ethereum (ETH) surged above $2,400 on Friday, driven by positive developments in the US-Iran ceasefire negotiations. Iran announced that it has opened the Strait of Hormuz after President Trump confirmed that the US would prohibit Israel from attacking Lebanon.
The general crypto market surged 4% on Friday, adding over $100 billion in value following Iran's announcement that it has reopened the Strait of Hormuz to commercial ships for the duration of the ongoing ceasefire between the US and Iran.
Cardano (ADA) grinds higher, trading above $0.265 at the time of writing on Friday, as crypto prices broadly rise, buoyed by improving sentiment after Iran’s announcement that the Strait of Hormuz has been opened and will remain open during the ceasefire.
Ripple (XRP) is trading at $1.44 at the time of writing on Friday, its upside seemingly capped by its weekly peak around $1.47. Still, the overall tone remains bullish as the remittance token holds above key support levels at $1.40 and $1.30.
Bitcoin (BTC) is extending gains above $75,000 at the time of writing on Friday, while bulls appear intent on advancing beyond the weekly high around $76,000.
Bitcoin (BTC) extends gains, up 6% so far this week, trading above $75,000 on Friday, with a technical bullish breakout pattern scenario in play. Easing geopolitical tensions in the Middle East further boosted risk sentiment, driving assets such as BTC higher.
Dogecoin (DOGE) is trading in the red below $0.1000 at press time on Friday, struggling to extend Thursday’s 4% recovery. The original meme coin is regaining retail strength as the broader market risk sentiment improves.
Solana (SOL) trades below $90 at press time on Friday, testing grounds above the 50-day Exponential Moving Average (EMA) at $87.42.
Zcash (ZEC) is extending its pullback, trading below $335 on Friday after losing over 8% so far this week. Weakening derivatives metrics support a bearish bias for the privacy-focused coin.
Pi Network (PI) holds steady around $0.1730 at press time on Friday, securing its 3% gains from the previous day. The push from the Pi Core Team (PCT) to upgrade the mainnet to enable smart contract functionality is a near-term catalyst.
Stellar (XLM) price trades slightly down at $0.167 on Friday, after breaking above the descending trendline and rallying over 10% so far this week. The bullish sentiment builds as XLM’s network transactions reach a quarterly high, alongside positive funding rates and bullish momentum indicators.