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.
Ethereum is under significant pressure in May. According to an analysis by Santiment, sentiment around the second-largest cryptocurrency has deteriorated sharply. Over the past 15 days, Ethereum's market capitalization has fallen more than 11% — while Hyperliquid was hitting a new all-time high. The key question, however, is whether the price declined because of new negative developments, or whether the pessimistic narratives are emerging as a reaction to the falling price. Santiment leans toward the latter, pointing to a mix of weak price performance, ETF outflows, internal Ethereum debates, and declining on-chain activity as the primary drivers of negative sentiment.
Since the middle of last month, ETH/USD has been trading within a narrow sideways range of 2437.50−2250.00, corresponding to the Murray levels [7/8]−[4/8]. However, last week the pair left this range after breaking through its lower boundary: currently, the instrument is holding near 2125.00 and preparing to continue moving toward the targets of 2000.00, the Murray level [0/8], 1875.00, the Murray level [−2/8], and 1746.00, the area of the February lows. At the same time, the 2000.00 mark appears to be key for the bears, as a breakout below it could trigger the price’s exit from the long-term ascending channel. However, a move above 2250.00, the Murray level [4/8], reinforced by the middle line of the Bollinger Bands, would allow buyers to recover previously lost positions and reach the targets of 2437.50, the Murray level [7/8], 2625.00, the Murray level [+2/8], and 2770.00, the 61.8% Fibonacci retracement.
NEAR Protocol is standing out clearly from Bitcoin and other major cryptocurrencies. Over the past 24 hours, the NEAR price has climbed by around 29%, with the sharp breakout likely catching many bearish investors off guard. As a result, numerous short positions were liquidated, and forced buybacks added further buying pressure, pushing the price even higher.
The crypto market is drifting without direction. Bitcoin is down just 0.36% from the previous day, trading around $77,000, while Ethereum is losing only 0.45% on a daily basis. Most altcoins are stuck in a similar holding pattern — but one token is moving very differently from the rest.
Zcash remains one of the strongest altcoins on the market. Over the past 24 hours, ZEC gained around 15%, extending its recent rally. The price is currently benefiting from improved sentiment on social media and a broader return of the privacy-coin narrative.
At the beginning of the month, the SOL/USD pair attempted to break out of the medium-term sideways range of 91.00–75.00, moving through its upper boundary. The price reached a four-month high near 98.30, but then lost all of its gains and pulled back to 84.38, the Murray level [3/8]. Overall, the market has likely reached a local bottom, but there are still no clear drivers for a confident recovery, which suggests that the pair may continue moving within a broader sideways range of 100.00–75.00. A breakout above 92.62, the Murray level [5/8], supported by the middle line of the Bollinger Bands, would strengthen the bullish impulse and allow buyers to consolidate around 100.00, the Murray level [8/8], 107.40, the 61.8% Fibonacci retracement, and 125.00, the Murray level [4/8] on W1. Meanwhile, a break below 81.25, the Murray level [2/8] and the lower line of the Bollinger Bands, would act as a catalyst for a test of 75.00, the Murray level [0/8], 68.75, the Murray level [–2/8], and 62.50, the Murray level [2/8] on W1.
ETH/USD fell sharply last week and has now stabilized near the 2,125.00 level (Murray [2/8]), under pressure from growing expectations that the Federal Reserve will maintain its current monetary policy for an extended period.
Bitcoin Cash is facing renewed selling pressure after losing around 16% over the past week. Large holders have sharply reduced their exposure, putting BCH at an important technical turning point. Whether the current correction deepens will now depend largely on how the price behaves near the nearest support zones.
The prospect of an SEC "Innovation Exemption" for tokenized equities is injecting fresh momentum into the real-world assets sector. Ondo Finance is at the center of that attention — as one of the most established providers of tokenized financial products, it stands to benefit directly from any regulatory relaxation in the United States. The market wasted no time reacting: ONDO posted a double-digit daily gain following the news from Washington. The question now is whether the breakout has legs or whether early buyers will take profits once the initial euphoria fades.
Against a backdrop of escalating rhetoric from parties to the Middle East crisis and mixed signals from central banks regarding their next monetary policy steps, XRP/USD has remained locked in a narrow sideways range of 1.3671–1.5136 (Murray levels [4/8]–[7/8]) for the sixth consecutive week. Last week price tested the upper boundary of the range but failed to hold above it and pulled back toward 1.5136. A confirmed close below 1.3671 (Murray level [4/8], lower Bollinger Band) would trigger a bearish impulse and open the way toward 1.2695 (Murray level [2/8]), 1.1718 (Murray level [0/8]), and 1.0742 (Murray level [–2/8]), while a breakout above 1.5625 (Murray level [8/8]) — which coincides with the Bollinger Bands middle line on the weekly chart — would allow the pair to exit the descending channel, reverse the current trend, and advance toward 1.9980 (Fibonacci retracement 50.0%) and 2.3519 (Fibonacci retracement 38.2%).
Two major asset managers have entered the race for a BNB spot ETF. Last Friday, both Grayscale and VanEck filed registration statements with the US Securities and Exchange Commission for a potential spot BNB ETF, adding Binance Coin to the growing list of altcoins for which regulated investment products are now being pursued in the United States.