Ethereum's staking exit queue increased more than fivefold in just three days, reaching a peak of around 851,000 ETH after MetaMask began proactively withdrawing thousands of validators following a security incident.
Analyst Ben Cowen believes that the crypto market still needs to get rid of many weak and speculative tokens before a sustainable Bitcoin bull market can begin.
Since the start of the month, XRP/USD has been building positive momentum and is currently trading at 1.4300, supported by geopolitical and regulatory tailwinds.
For more than three weeks, ETH/USD has been holding within a broad sideways range of 2437.50–2250.00 (Murray levels [7/8]–[4/8]) and is once again approaching its upper boundary. As before, the key level for bulls remains 2500.00 (Murray [4/8], Bollinger Bands midline, W1) — a breakout above this mark would act as a catalyst for a reversal of the long-term downtrend and open the way toward 2812.50 (Murray [6/8], Fibonacci 61.8% retracement), 3125.00 (Murray [+1/8], Fibonacci 50.0% retracement), and 3400.00 (the area of January highs). Conversely, a consolidation below 2250.00 (Murray [6/8], lower Bollinger Band) would allow sellers to take control and push the pair toward 2000.00 (Murray [0/8]), 1875.00 (Murray [–2/8]), and 1481.60 (Fibonacci 100% retracement).
The SOL/USD pair remains within the medium-term sideways range of 91.00–75.00: in the middle of the month, the price approached its upper boundary, after which it moved into a downward correction and is now trading around 81.25, the Murray level [2/8], supported by the lower line of the Bollinger Bands. A breakdown of this area will become a catalyst for strengthening the bearish impulse toward the targets of 75.00, the Murray level [0/8], 68.75, the Murray level [–2/8], and 62.50, the Murray level [2/8], W1. The key level for buyers remains 91.00, and consolidation above it would allow them to reach 100.00, the Murray level [8/8], 107.40, the 61.8% Fibonacci correction, and 125.00, the Murray level [4/8], W1.
This week, the ETH/USD pair has pulled back and is currently trading near 2320.00 (Bollinger Bands middle line), while continuing to form a short-term sideways range of 2400.00–2250.00 — a range it has held for the tenth consecutive session as uncertainty driven by geopolitical and monetary factors persists in the market.
This week, the XRP/USD pair corrected downward and is now trading within the medium-term sideways range of 1.5625–1.2695 (Murray level [8/8]–[2/8]) near 1.3900.
The Robinhood listing has made Zcash more accessible to a mass audience, and the market reacted immediately with stronger interest. One of the world’s best-known retail brokerage platforms has opened access to the coin for millions of private investors, significantly expanding Zcash’s potential user base.
This week, the SOL/USD pair is posting modest gains within the broader market trend and is trading near 86.05, up 1.5% over the last four sessions, as investors remain cautious due to geopolitical uncertainty in the Middle East.
The XRP/USD pair remains within a long-term downtrend, but the decline has slowed for now as the price has entered the primary sideways channel of 1.5625–1.2695 (Murray level [8/8]–[2/8]).
Last week, the ETH/USD pair attempted to move higher, trying to begin the formation of a new upward trend, and on Friday reached three-month highs around 2462.00. It then corrected toward the middle Bollinger Band amid ongoing uncertainty surrounding the second round of negotiations between the United States and Iran, which, according to CNN, is set to take place in Pakistan as early as tomorrow. Reports suggest that the US delegation will be led by Vice President J.D. Vance, while the Iranian side will be headed by Parliament Speaker Mohammad Bagher Ghalibaf. Meanwhile, if the price breaks below 2250.00 (Murray [6/8], middle Bollinger Band), the decline could resume toward 2000.00 (Murray [0/8], lower Bollinger Band) and 1750.00 (Murray [–2/8]). At the same time, the 2500.00 level (Murray [4/8], middle Bollinger Band, W1) remains the key threshold for bulls: a breakout above it could reverse the long-term downtrend and open the way toward 2812.50 (Murray [6/8], 61.8% Fibonacci retracement), 3125.00 (Murray [+1/8], 50.0% Fibonacci retracement), and 3400.00 (the area of the January highs).