Zcash climbed through $1,000 while Bitcoin briefly traded above $82,000 after a softer signal from Federal Reserve Governor Christopher Waller drew buyers back to risk assets. The move lifted the wider crypto market to its highest valuation in more than seven months, although strong US employment data later cooled the rally.
By John Isige Last week, the ETH/USD pair corrected sharply lower in line with the broader market trend, reaching four-week lows around 2785.00 over the weekend. On Monday, prices recovered part of the previous losses, rising to the 2950.00 area; however, this rebound appears to be driven mainly by technical factors, as the medium-term fundamental backdrop for digital assets remains negative.
By John Isige The SOL/USD pair had been trading within a prolonged downtrend, forming a corresponding descending channel. However, in mid-November, prices entered a sideways range of 150.00–125.00 (Murray level [6/8]), where they remain to this day. This week, the price reached the lower boundary of this range amid declining investor appetite for risk assets, triggered by statements from U.S. President Donald Trump regarding the possible annexation of Greenland. A breakdown below the 125.00 level could send the pair toward 107.40 (61.8% Fibonacci retracement, Murray level [1/8]) and 100.00 (Murray level [0/8]). Conversely, if the price consolidates above the middle Bollinger Band at 137.50 (Murray level [6/8]), upward momentum may resume toward the upper boundary of the sideways range at 150.00 and further to 162.50 (Murray level [+2/8], 38.2% Fibonacci retracement).
By Andrew Bennett In a new report, BlackRock outlines potential investment themes for the future. Among the top contenders is Ethereum.
By John Isige SOL/USD. The SOL/USD pair has been posting strong gains since the end of last year and reached three-month highs near 148.60 yesterday. As with other digital assets, the token is currently supported by both geopolitical and monetary factors.
By John Isige Over the past four months, the SOL/USD pair has been steadily losing value, forming a clear descending channel. However, in early January the quotes resumed an upward move in line with the broader market trend, exited this channel by breaking above its upper boundary, and reached the 143.75 level (Murray level [3/8]). Despite this, the price failed to consolidate above it, and over the last two sessions a renewed decline has been observed. At present, the instrument is in a state of uncertainty: a breakout above 143.75 would accelerate the move toward the targets at 162.50 (Murray level [6/8], Fibonacci retracement 38.2%) and 175.00 (Murray level [8/8]). The key level for bears is seen at 125.00 (Murray level [0/8], middle Bollinger Band); a downside breakout there would likely lead to a return into the descending channel and a test of the levels at 107.40 (Fibonacci retracement 61.8%) and 93.75 (Murray level [3/8], W1).
By John Isige At the beginning of the month, the XRP/USD pair resumed its upward movement in line with the broader market trend and recently reached three-month highs near 2.4140. However, it has since corrected moderately and is now holding around 2.2460 (Murray level [3/8]). The strengthening of the token has been supported by a combination of fundamental and technical factors.
By John Isige Within the top 10 cryptocurrencies by market capitalization, XRP has emerged as today’s leading gainer. The Ripple token is posting a double-digit increase over the past 24 hours. Below are the key drivers.
By John Isige SUI jumps 20%: spot ETF hopes and positive on-chain data fuel the rally. These levels are now key.
By John Isige The ETH/USD pair had been forming a consistent downtrend for more than three months, correcting toward the long-term trend. However, last week, after a prolonged period of sideways movement within the 3165.00–2770.00 range (Fibonacci retracement 50.0%–61.8%), prices exited the channel, breaking above its upper boundary. If the price consolidates above 3281.25 (Murray level [5/8]), the probability of reaching the targets at 3560.00 (Fibonacci retracement 38.2%) and 4062.50 (Murray level [5/8], Fibonacci retracement 23.6%) will increase significantly. The key level for bears remains 2770.00 (Fibonacci retracement 61.8%, Murray level [1/8]); a breakdown below this level would signal a resumption of the bearish move toward 2187.50 (Murray level [–2/8]) and 1875.00 (Murray level [3/8], W1).
By John Isige The amount of XRP held on cryptocurrency exchanges has fallen to an eight-year low. Despite massive outflows, the price has remained calm — for now. As the year comes to an end, the XRP market is showing an unusual setup. While price action has recently been muted, with XRP trading sideways for extended periods, the underlying supply situation has changed significantly.
By Andrew Bennett The Ethereum ecosystem is once again seeing strong development activity. According to Token Terminal, the number of newly deployed smart contracts has reached a record high.
By John Isige ETH/USD quotes are forming a medium-term downward trend while correcting toward the long-term trajectory. Over the past month and a half, price action has largely stabilized within a broad sideways range of 3165.00–2770.00 (Fibonacci retracement 50.0%–61.8%) and is now approaching its upper boundary. A breakout above 3165.00 (Fibonacci 50.0%, Murray level [2/8]), reinforced by the upper Bollinger Band, would open the way for a test of 3560.00 (Fibonacci 38.2%) and 4062.50 (Murray level [5/8], Fibonacci 23.6%). For bears, the key level remains 2770.00 (Fibonacci 61.8%, Murray level [1/8]); a break below this mark would likely act as a catalyst for a stronger decline toward 2187.50 (Murray level [–1/8]) and 1875.00 (Murray level [–2/8]).
