Bitcoin, Ethereum, and Ripple: Critical Price Levels as Crypto Trends Shift

Bitcoin, Ethereum, and Ripple: Key Price Levels and Market Dynamics

According to FXStreet, Bitcoin (BTC) is approaching a critical resistance at $105,000. After facing resistance at this level on Sunday and declining by 2% until Monday, BTC recovered slightly and retested $105,000 on Tuesday. As of Wednesday, it was trading around $103,600. If Bitcoin continues its pullback, it could retest the psychological support at $100,000. The daily Relative Strength Index (RSI) stands at 69, just below the overbought threshold of 70, indicating weakening bullish momentum. Should the RSI fall below 50, a sharp decline in price could follow. Conversely, a daily close above $105,000 could pave the way for a rally toward the all-time high of $109,588, set on January 20.

Ethereum (ETH) found support at its 200-day Exponential Moving Average (EMA) around $2,436 on Monday and rallied 7.38% the following day. By Wednesday, ETH hovered around $2,640. The daily RSI is at 78, well above the overbought level, suggesting strong bullish momentum but also a risk of a pullback. If the 200-day EMA holds, ETH could retest the $3,000 psychological level. If a pullback occurs, support is expected near $2,436.

Ripple (XRP) broke above its 50-day EMA at $2.26 on April 8 and rallied 21% until Tuesday, trading around $2.55 on Wednesday. If XRP closes above the $2.72 resistance, a rally toward $3.00 could be triggered. The daily RSI is at 66, down from overbought levels, indicating fading bullish momentum. A pullback could see XRP correcting toward its 50-day EMA at $2.26.

Asset	Key Resistance	Current Price	Support Level	RSI
Bitcoin (BTC)	$105,000	$103,600	$100,000	69
Ethereum (ETH)	$3,000	$2,640	$2,436 (200-day EMA)	78
Ripple (XRP)	$2.72	$2.55	$2.26 (50-day EMA)	66

Source: FXStreet

Bitcoin is at a pivotal resistance; a breakout could lead to new highs.
Ethereum shows strong momentum but is overbought, increasing pullback risk.
XRP needs to close above $2.72 for a potential rally to $3.00.

Solana, Ethereum, and Bitcoin: Asian Market Wrap and Global Crypto Trends

FXStreet reports that Solana (SOL) is trading at $180, down nearly 2% on Wednesday, after a recent bullish trend reversal. Solana’s Decentralized Finance (DeFi) sector is seeing significant changes, with private decentralized exchanges (DEXs) gaining prominence. The global crypto market capitalization rose by 2% on Tuesday, reclaiming the $3.5 trillion mark after dipping to $3.2 trillion on Monday. Bitcoin rose 3% on Tuesday, reaching as high as $104,800 on Binance, with 24-hour trading volumes at $33 billion, indicating robust market activity.

Key bullish catalysts include the US Consumer Price Index (CPI) data, which has raised expectations for imminent Federal Reserve rate cuts. Bitcoin’s price stabilized around $103,000 on Friday after a nearly 10% weekly gain. The market’s risk-on sentiment is further supported by recent trade deals and upcoming international meetings.

Asset	Current Price	24h Change	Market Cap	24h Volume
Solana (SOL)	$180	-2%	Not specified	Not specified
Bitcoin (BTC)	$104,800 (high)	+3%	Not specified	$33 billion
Global Crypto Market	-	+2%	$3.5 trillion	-

Source: FXStreet

Solana’s DeFi sector is shifting toward private DEXs.
Global crypto market cap has rebounded to $3.5 trillion.
Bitcoin trading volumes remain near weekly highs.

Ethereum Price Outlook: Analyst Predicts Potential Drop Before Major Rally

The Daily Hodl highlights the analysis of Benjamin Cowen, who suggests that Ethereum (ETH) could fall to $1,100 before a significant rally begins. Cowen notes that if Bitcoin drops below its bull market support band in August, potentially to the $64,000 range, Ethereum could follow suit and approach $1,100. This level aligns with the lower logarithmic regression trendline and is comparable to the last cycle’s final low, which was around $116-$120—ten times that figure is $1,100 to $1,200.

At the time of reporting, ETH is trading at $2,480, down more than 1% in the past 24 hours. Bitcoin is at $102,536, also down over 1.5% in the past day. Cowen believes a real rally could ignite in Q4 of this year.

“I would contend that Ethereum might not go lower than $1,100, because that is where the lower logarithmic regression trendline is, and the final low before a really big rally happened last cycle was around $116-$120 – 10x that, $1,100 to $1,200.” — Benjamin Cowen

Source: The Daily Hodl

Ethereum could drop to $1,100 before a major rally, according to Cowen.
ETH is currently trading at $2,480, with a potential rally expected in Q4.

Ethereum Surges After Pectra Upgrade, Outpaces Major Corporations

Crypto Briefing reports that Ethereum’s price surged nearly 50% to over $2,700 following the Pectra upgrade. The upgrade, which went live on May 7, introduced several Ethereum Improvement Proposals (EIPs) aimed at improving staking efficiency, wallet usability, and layer 2 scalability. This has laid the groundwork for Ethereum’s next phase of network growth.

Institutional interest has also increased, with UK-based Abraxas Capital acquiring 211,030 ETH valued at approximately $477 million in the six days following the upgrade. Ethereum’s market capitalization now stands at roughly $325 billion, surpassing Coca-Cola’s $297 billion and Alibaba’s $320 billion, making it the 33rd most valuable asset globally. On May 7, Ethereum briefly overtook Alibaba with a market cap of $308 billion, though Alibaba regained the lead after a 6% stock surge.

Event	ETH Price	Market Cap	Institutional Purchase
Post-Pectra Upgrade	$2,700 (+50%)	$325 billion	211,030 ETH ($477 million)
Comparison	-	Coca-Cola: $297B, Alibaba: $320B	-

Source: Crypto Briefing

Ethereum’s Pectra upgrade has driven a 50% price surge.
ETH’s market cap now exceeds that of Coca-Cola and Alibaba.
Significant institutional accumulation observed post-upgrade.

Ethereum Layer 2 Networks: Positive Impact on ETH

U.Today features the perspective of Nick Tomaino, founder of 1Confirmation, who argues that Ethereum Layer 2 (L2) networks are beneficial for Ether. Tomaino points out that successful L2s act as catalysts for ETH price, countering the narrative that they siphon liquidity from the main chain. He highlights Coinbase’s OP Stack blockchain Base as an example, noting that Coinbase generates millions of USD in ETH revenue monthly and holds hundreds of millions in ETH.

Tomaino also emphasizes that L2s reinforce Ethereum’s status as a neutral, internet-native store of value, distributing Ether as a payment and investment asset. Additionally, activity on Ethereum-based blockchains contributes to ETH token burning, thanks to EIP 1559. This combination of factors, according to Tomaino, debunks the idea that L2 success is detrimental to Ethereum.

“Ethereum's L2 adoption gives a spin to the Ethereum (ETH) flywheel, not undermining it.” — Nick Tomaino

Source: U.Today

Ethereum L2s are seen as net positive for ETH price and ecosystem.
Coinbase’s Base chain is cited as a successful example.
L2 activity contributes to ETH burning and ecosystem growth.

Ethereum Jumps 9% on Weak US CPI Data, Outperforms Bitcoin

FXStreet reports that Ethereum gained 9% on Tuesday, reaching $2,700, after US April CPI data came in below expectations. The headline CPI rose 0.2% monthly (forecast: 0.3%) and 2.3% annually (forecast: 2.4%), the lowest since February 2021. Core CPI also increased by 0.2% monthly, below the 0.3% forecast, and held steady at 2.8% annually. This renewed bullish sentiment in the crypto market, with expectations of a 25 basis point Fed rate cut in September.

Abraxas Capital increased its ETH holdings, withdrawing 33,482 ETH from Binance after borrowing 240 million USDT from Aave. The firm has bought 211,030 ETH since last Wednesday. Ethereum’s outperformance is reflected in the ETH/BTC ratio, which has risen over 30% from 0.018 to 0.025 in the past week. In the last 24 hours, Ethereum saw $126.21 million in futures liquidations, more than twice Bitcoin’s $46.67 million.

Metric	Value
ETH Price	$2,700 (+9%)
Weekly ETH Gain	50%
ETH/BTC Ratio	+30% (0.018 to 0.025)
ETH Futures Liquidations (24h)	$126.21 million
BTC Futures Liquidations (24h)	$46.67 million
Abraxas Capital ETH Purchase	211,030 ETH