Ethereum (ETH) is currently trading at approximately $1,600, showing resilience after the significant downturn on April 7, 2025—dubbed "Black Monday"—where ETH dropped to $1,450, marking a 20% decline and its lowest point since late 2023.
Key Technical Levels:
Resistance: Immediate resistance is at $1,610, with further hurdles at $1,650 and $1,700. A sustained move above these levels could lead to a retest of the $1,880 zone.
Support: On the downside, $1,580 is the first key support. A break below could bring $1,520 and potentially $1,460 into play.
Market Sentiment:
Investor mood remains cautious. The Ethereum Fear & Greed Index reflects a state of "Fear," signaling continued wariness in the wake of recent volatility.
Potential for Rebound:
Some analysts believe ETH may be approaching a bottom. Historical patterns and technical indicators like the RSI suggest a potential short-term recovery if current levels hold.
Conclusion:
Ethereum is at a decisive point. Watch for a breakout above $1,700 for bullish momentum—or a drop below $1,550 for signs of further weakness.
Donald Trump is coming for Jerome Powell… again. The former president says Powell’s “termination can’t come fast enough,” slamming the Fed Chair over his refusal to cut interest rates. Trump is even floating Kevin Warsh as a potential replacement — a known hawk with deep Wall Street ties.
But here’s the twist: Powell can’t be fired just for policy disagreements — the Fed Chair is legally protected to ensure independence from political pressure.
With inflation still lurking and Trump pushing for lower rates ahead of election season, this clash could define the future of U.S. monetary policy. Politics vs the Fed — who wins?
Remember when MultiversX (formerly Elrond) and its native token EGLD were hyped as the future of blockchain? Fast-forward to April 2025: EGLD is limping along at $14.21, and the dream is all but dead.
Despite endless developer updates, fancy branding, and “community sessions,” the market couldn’t care less. The hype train has officially derailed — and the wreckage is ugly.
Price outlook? Bleak. Analysts suggest EGLD might stagnate between $12.63 and $18.42 this year — hardly exciting for a project once touted as revolutionary. Even the most delusional optimists are only whispering targets like $20.09 by December. That’s not mooning. That’s crawling.
And let’s talk performance:
Down 65% in the past year
Down 91% from its all-time high
Down bad in investor confidence
It’s not a correction. It’s a collapse.
Yet, some still clutch their bags like it’s 2021. Truth is, EGLD became the “Next Big Thing” — just not in the way investors hoped. More like the Next Big Disappointment.
The worst part? Most won’t realize it until their portfolio is already ashes.
Markets Rebound & Altcoins Stir: What's Fueling the Momentum?
After a rocky start to the week, the crypto market is showing signs of recovery in the past 24 hours. Bitcoin (BTC) reclaimed the $66K level, while Ethereum (ETH) surged above $3.2K—likely boosted by optimism around upcoming ETF decisions.
Meanwhile, $SOL and $AVAX are grabbing attention with double-digit gains, driven by growing DeFi activity and fresh ecosystem updates. Not to be left out, $INJ, $PEPE, and $RNDR have seen impressive volume spikes are whales positioning?
Regulatory clarity, institutional inflows, and Bitcoin halving narratives are all in the mix. Traders: are you rotating into alts or staying on the BTC train?