Ethereum is trading below the $1,900 level, facing ongoing selling pressure as the broader crypto market continues to weaken. After a sharp rejection from the $2,500 mark in late February, bulls have failed to regain momentum, and ETH has steadily declined — disappointing many investors who entered the year with high expectations for a bullish trend. The loss of key support levels has further damaged sentiment, and Ethereum’s price action remains bearish in the short term. Related Reading: Bitcoin Rejected At Descending Resistance Again – Is $78,600 Still In Play? Despite the negative outlook, there are signs of accumulation beneath the surface. According to data from IntoTheBlock, Ethereum whales are buying the dip. The largest ETH wallets added over 130,000 ETH to their holdings just yesterday — a move that suggests confidence from long-term players even as retail sentiment wavers. This accumulation could signal a shift in momentum if sustained, especially if whales continue to absorb supply while prices remain low. However, for any real recovery to take hold, Ethereum must reclaim critical resistance levels and show stronger buying activity across the board. For now, the market remains under pressure, but whale behavior could offer a hint of what’s to come once the current downtrend begins to ease. Ethereum Big Players Buy Amid Market Uncertainty Ethereum is currently down 55% from its December high, reflecting the broader pain across the crypto market. The selloff has been fueled in large part by rising macroeconomic uncertainty, with U.S. President Donald Trump’s aggressive trade policies and unpredictable tariff announcements adding to global financial instability. As traditional markets struggle to find footing, high-risk assets like Ethereum have been among the hardest hit. Bulls are having a difficult time defending key support levels, and price action suggests the downtrend may continue in the short term. With Ethereum trading well below the $1,900 mark and no clear signs of bullish momentum, the outlook remains fragile. Still, not all signals are bearish. According to data from IntoTheBlock, Ethereum whales appear to be accumulating. On a single day, the largest ETH wallets added over 130,000 ETH to their holdings — a move that suggests quiet confidence among major players. This level of accumulation, especially during periods of fear and weakness, often hints at a long-term bullish outlook. While price continues to trend lower, the behavior of these large holders adds to the speculative environment, signaling that some investors may be positioning early for a potential surge. If macro conditions begin to stabilize or sentiment shifts, Ethereum could benefit from this quiet accumulation phase — but for now, the market remains in correction mode. Related Reading: SUI Forms Inverse Head And Shoulders – Can Bulls Break Above $2.52? Technical Analysis: ETH Bulls Defend Critical Support Ethereum is trading at $1,830 following a wave of heavy selling pressure that pushed the price sharply below the key $2,000 level. Panic selling has gripped the market, with bulls struggling to regain control amid a broader downturn across the crypto space. The breakdown below $2,000 marked a significant shift in sentiment, turning what was once viewed as a consolidation phase into a deeper correction. At this stage, bulls must hold the $1,800 support level — a critical threshold that, if lost, could lead to a further decline toward $1,750 or lower. Holding above $1,800 would allow for stabilization and the chance to build a foundation for recovery. However, to signal a meaningful reversal, Ethereum needs to reclaim the $2,100 level, which now acts as short-term resistance. Related Reading: Chainlink Consolidates In Triangle Pattern – Is A 35% Breakout Imminent? Only a decisive push above that mark would confirm renewed strength and potentially reestablish bullish momentum. Until then, ETH remains vulnerable to further downside. With broader market conditions still uncertain, Ethereum’s next move around these support levels will be crucial in determining whether it can recover in the near term or slide deeper into correction territory. Featured image from Dall-E, chart from TradingView
Arbitrum DAO has spent millions on incentives in hopes of attracting more users. However, the gains didn’t stick, according to one Web3 marketing studio. Arbitrum (ARB) DAO recently came under criticism for its ability to retain users. On April 4, Pink Brains, a marketing studio specializing in crypto and Web3, outlined issues with the network’s incentive programs. Arbitrum DAO has poured millions into incentive programs (STIP, LTIPP), aiming to bring more users, TVL, and volume into the ecosystem. But many of these programs had one thing in common: 📉 The gains were short-lived. Metrics dropped soon after the campaigns ended. — Pink Brains (@PinkBrains_io) April 4, 2025 The agency pointed to several core issues, including a lack of off-chain marketing, weak tracking of key performance metrics, and minimal analysis of potential return on investment. A recent survey cited by Pink Brains revealed that only 21% of protocols knew their customer acquisition cost. “The gains were short-lived. Metrics dropped soon after the campaigns ended,” Pink Brains on incentives programs. You might also like: AI Won’t Replace Crypto Developers Anytime Soon Says Industry Experts Even more notably, none of the respondents were aware of their users’ lifetime value—a fundamental metric in evaluating the success of any marketing campaign. Arbitrum DAO should track ROI: Pink Brains To remedy this situation, the agency proposed that projects that receive funds should set clear performance indicators. The goal of this approach is to discover what type of incentives work best, and to measure the ROI for the protocol. The agency highlighted that these measures a part of a recent Arbitrum DAO proposal , which did not pass. Arbitrum first launched short-term incentive program , a one-time distribution of 50 million ARB active projects in January 2024. However, to provide a more long-term support, the holders approved the long-term incentives pilot program. Arbitrum’s total value locked dropped from its all-time high of $3.454 on December 14 to its current level of $2.422 billion . The token itself is down 86.94% since its all-time high of $2.40, which it reached on January 12. Read more: U.S. markets wipe out $9.6t as Bitcoin shows some resilience
The cryptocurrency market exhibits resilience as Bitcoin and select altcoins hold their ground amid looming global trade tensions. Despite significant fluctuations in traditional markets following U.S. tariff announcements, Bitcoin has
Circle Internet Financial, the issuer of the USDC stablecoin, has delayed its plans for an initial public offering due to current market volatility. The company had been preparing to go public on the New York Stock Exchange under the ticker symbol “CRCL,” with JPMorgan Chase & Co. and Citigroup Inc. as lead underwriters. But, “Circle had been nearing its next steps in going public, but is now watching anxiously before deciding what to do,” according to the Wall Street Journal. This postponement aligns with a broader trend of companies reassessing IPO timelines amid economic uncertainties. Circle confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission in January 2024, following a previously unsuccessful attempt to go public via a special purpose acquisition company merger in 2022. Despite the current delay, Circle’s CEO, Jeremy Allaire, emphasized the company’s commitment to becoming a publicly traded entity. In an interview with Bloomberg, Allaire stated , “We are very committed to the path of going public. We think we can be a really interesting company in public markets.” You might also like: XRP, ADA crash after Trump tariffs, traders race to this altcoin breaking records in March Tariff uncertainty The decision to delay the IPO reflects broader market conditions, with several companies reevaluating their public offering plans amid heightened market volatility. Markets reacted swiftly to Trump’s tariff announcements, with U.S. small caps leading a broad equity sell-off and crypto weakening. The U.S. dollar declined against major currencies, while the yield curve bull-flattened, signaling increased recession fears. Nansen analysts believe that markets had priced in a stagflationary scenario, anticipating stagnant growth alongside rising inflationary pressures. You might also like: U.S. markets wipe out $9.6t as Bitcoin shows some resilience
Ethereum’s recent market behavior raises eyebrows, as aggressive whale inflows hint at a possible reversal as Q2 approaches. Ethereum is mirroring its 2023-style breakout cycle, with smart money further supporting
Bitcoin ( BTC ) price has managed to stay above the $80,000 level as volatility wrecked US stock markets on April 3 and April 4. The failure of the bears to capitalize on the opportunity shows a lack of selling at lower levels. Risky assets were rattled after US President Donald Trump announced reciprocal tariffs on several countries on April 2. The fall in the US markets deepened on April 4 after China announced a retaliatory tariff of 34% on all imported US goods starting April 10. While several market participants are concerned about the near-term impact of tariffs, BitMEX co-founder Arthur Hayes said he loves tariffs since he expects them to be positive for Bitcoin and gold in the medium term. Crypto market data daily view. Source: Coin360 On the more cautious side was market commentator Byzantine General, who said in a post on X that the cryptocurrency market’s upside would be limited due to possible tariff responses. Capriole Investments founder Charles Edwards said in his analysis that Bitcoin would turn bullish on a break and close above $91,000 . If that does not happen, he anticipates Bitcoin to fall to the $71,000 zone. Could Bitcoin outperform by staying above $80,000? Will the altcoins crumble? Let’s analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price analysis Bitcoin rose above the resistance line on April 2, but the long wick on the candlestick shows solid selling at higher levels. The price turned down sharply and broke below the 20-day exponential moving average ($84,483). BTC/USDT daily chart. Source: Cointelegraph/TradingView The bears will have to sink the price below the $80,000 support to strengthen their position. If they do that, the BTC/USDT pair could retest the March 11 low of $76,606. Buyers are expected to defend this level with all their might because a break and close below $76,606 could sink the pair to $73,777 and eventually to $67,000. The crucial resistance to watch out for on the upside is $88,500. A break and close above this level will signal that the corrective phase may be over. The pair could then start its journey toward $95,000. Ether price analysis Ether ( ETH ) has been trading between the $1,754 support and the 20-day EMA ($1,928) for the past few days. ETH/USDT daily chart. Source: Cointelegraph/TradingView That increases the likelihood of a break and close below $1,754. If sellers can pull it off, the ETH/USDT pair could start the next leg of the downtrend to $1,550. A minor positive in favor of the bulls is that the relative strength index (RSI) has formed a positive divergence. That suggests the bearish momentum may be weakening. If the price rebounds off $1,754, the pair could face selling at the 20-day EMA. However, if buyers overcome the obstacle, the pair could rally to $2,111. A short-term trend reversal will be signaled on a close above $2,111. XRP price analysis XRP ( XRP ) bears successfully defended the 20-day EMA ($2.23) on April 2 and pulled the price to the critical support at $2. XRP/USDT daily chart. Source: Cointelegraph/TradingView The downsloping 20-day EMA and the RSI below 44 increase the risk of a break below $2. If that happens, the XRP/USDT pair will complete a bearish head-and-shoulders pattern. The pair has support at $1.77, but if the level gets taken out, the decline could extend to $1.27. Buyers have an uphill task ahead of them if they want to prevent the breakdown. They will have to swiftly push the price above the 50-day simple moving average ($2.37) to clear the path for a relief rally to the resistance line. BNB price analysis BNB ( BNB ) bulls failed to push the price back above the moving averages in the past few days, indicating selling at higher levels. BNB/USDT daily chart. Source: Cointelegraph/TradingView The moving averages have started to turn down, and the RSI is in the negative zone, signaling a minor advantage for the bears. There is support at the 50% Fibonacci retracement level of $575 and next at the 61.8% retracement level of $559. On the upside, the bulls will have to push and maintain the price above the 50-day SMA ($614) to signal a comeback. The BNB/USDT pair may rise to $644, which is a critical overhead resistance to watch out for. If buyers overcome the barrier at $644, the pair may travel to $686. Solana price analysis Solana ( SOL ) rose above the 20-day EMA ($128) on April 2, but the bears sold at higher levels and pulled the price below the $120 support. SOL/USDT daily chart. Source: Cointelegraph/TradingView The downsloping moving averages and the RSI in the negative territory heighten the risk of a break below $110. If that happens, the selling could intensify, and the SOL/USDT pair may plummet to $100 and subsequently to $80. The bulls are unlikely to give up easily and will try to keep the pair inside the $110 to $260 range. Buyers will have to push and maintain the price above $147 to suggest that the selling pressure is reducing. The pair may then ascend to $180. Dogecoin price analysis Dogecoin ( DOGE ) bears thwarted attempts by the bulls to push the price above the 20-day EMA ($0.17) on April 2. DOGE/USDT daily chart. Source: Cointelegraph/TradingView A positive sign in favor of the bulls is that they have not allowed the price to slide below the $0.16 support. A break above the 20-day EMA could push the price to the 50-day SMA ($0.19). Buyers will have to overcome the 50-day SMA to start a rally to $0.24 and later to $0.29. Alternatively, if the price turns down from the moving averages and breaks below $0.16, it will clear the path for a drop to $0.14. Buyers are expected to fiercely defend the $0.14 support because a break below it may sink the DOGE/USDT pair to $0.10. Cardano price analysis Cardano ( ADA ) turned down sharply from the 20-day EMA ($0.69) on April 2 and closed below the uptrend line. ADA/USDT daily chart. Source: Cointelegraph/TradingView The bulls are trying to push the price back above the uptrend line but are likely to face solid selling at the 20-day EMA. If the price turns down from the overhead resistance, the ADA/USDT pair could descend to $0.58 and then to $0.50. This negative view will be invalidated in the near term if the price turns up sharply and breaks above the 50-day SMA ($0.74). That opens the doors for a rally to $0.84, which may attract sellers. Related: Altcoins are set for one last big rally, but just a few will benefit — Analyst Toncoin price analysis Toncoin’s ( TON ) failure to maintain above the $4.14 resistance on April 1 may have tempted short-term traders to book profits. TON/USDT daily chart. Source: Cointelegraph/TradingView The TON/USDT pair broke below the 20-day EMA ($3.65) on April 3, indicating that the bullish momentum is weakening. There is support at $3.32, but if the level cracks, the pair may drop to $2.81. Instead, if the price rebounds off $3.32, the pair could attempt to form a range in the near term. The pair could swing between $3.32 and $4.14 for some time. A break and close above $4.14 will signal that the downtrend may be over. The pair could then jump to $5. UNUS SED LEO price analysis UNUS SED LEO ( LEO ) bears pulled the price below the uptrend line on March 2 but could not sustain the lower levels. That suggests buying at lower levels. LEO/USD daily chart. Source: Cointelegraph/TradingView The 20-day EMA ($9.57) is turning down gradually, and the RSI is in the negative zone, signaling a slight advantage to the bears. If the price turns down from the moving averages, the bears will make one more attempt to sink the LEO/USD pair below the $8.84 support. If they succeed, the pair may tumble to $8. Contrarily, a break above the moving averages opens the doors for a rise to the overhead resistance of $9.90. If buyers pierce the $9.90 resistance, the pair will complete a bullish ascending triangle pattern. The pair may then climb toward the target objective of $12.04. Chainlink price analysis Chainlink ( LINK ) once again turned down from the 20-day EMA ($13.98) on March 2, indicating that the bears continue selling on rallies. LINK/USDT daily chart. Source: Cointelegraph/TradingView The LINK/USDT pair has strong support in the zone between $12 and the support line of the descending channel pattern. A rebound off the support zone will have to rise above the moving averages to signal a stronger recovery toward $17.50. Sellers are likely to have other plans. They will attempt to pull the price below the support line. If they can pull it off, the pair could extend the downtrend toward the crucial support at $10 and, after that, to $8. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The numbers speak for themselves - TVL now barely reaches $94 billion. And that's after a precipitous drop from a peak of $137 billion recorded on December 17 of last year. According to data from DefiLlama, the situation looked even sadder last month, with TVL plunging to a critical $88 billion.The market hasn't seen such a failure in a long time. The Trump effect has evaporated The initial surge in blocked funds in the DeFi sector coincided with a general upswing in the cryptocurrency market following the election of cryptocurrency-centric Donald Trump as president of the U.S. on Nov. 5. Current TVL has actually returned to levels seen during the election, prior to that powerful surge above the $100 billion mark. This drop illustrates how market uncertainty can significantly impact decentralized finance. Both Ethereum and bitcoin have seen a decline in active addresses over the past week, signaling a shift in user confidence amid price corrections, increasing competition from other blockchains, and looming macroeconomic concerns. The Trump-inspired cryptocurrency bull market began to fade as early as the first quarter, when the US president announced sweeping reciprocal tariffs against trading partners. These actions cast a shadow over the positive sentiment surrounding the new administration's cryptocurrency-focused policies. Macroeconomic storm In addition to tariffs, concerns over persistent inflation in the US and a prolonged pause in rate cuts by the Federal Reserve have added to the negative sentiment of market participants. As a result, bitcoin has fallen to $83,000 from its record high above $108,000 in January, while Ethereum has plummeted from its December high of $4,000 to its current price of $1,800. The future of decentralized finance The downturn in the DeFi sector is directly related to the harsh macroeconomic environment, and the decentralized finance ecosystem itself has not yet reached sufficient maturity. While the DeFi ecosystem has evolved markedly over the past few years, it still needs further maturation to build integrations with institutional investors and financial products at competitive rates and with the security guarantees now offered by licensed exchanges. Retail investors may find DeFi less accessible due to complex interfaces, high fees and confusing asset custody practices, while sophisticated traders still rely on the liquidity and tools provided by licensed exchanges. Continued innovation and stabilization of cryptocurrency prices are critical to regaining momentum in the DeFi sector. In the near term, a possible revision of Trump's tariff policy and positive U.S. CPI data next week could contribute to DeFi's recovery through an overall market recovery. Despite short-term fluctuations, decentralized finance maintains a strong long-term position for investors. DeFi is positioned as a potential source of long-term profitability and relatively stable returns for investors, especially as regulators around the world become more loyal to the integration of blockchain technology and real assets from the traditional world into the business models of financial institutions. The network's activity will be a ”guiding light” for crypto asset trading ”I can't be completely sure at this stage, but I believe quality altcoins where activity is coming back and activity is affecting prices ... we will definitely see a recovery in some of these higher quality projects,” Coutts noted. According to data from Dune Analytics, there were more than 36 million altcoins in existence in January. However, Ethereum still holds a large share of the total blockchain value (TVL) at 55.56%, followed by Solana (6.89%), Bitcoin (5.77%), BNB Smart Chain (5.68%) and Tron (5.54%), according to CoinGecko data. Coutts said traders should watch where network activity ”gravitates” and use that as a ”guiding star” for trading crypto assets, adding that he expects the altcoin market to rebound over the next two months. ”I expect altcoins to really start to recover by June, based on the assumption that bitcoin will be back to all-time highs by then.”
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BitMEX co-founder Arthur Hayes believes Bitcoin ( BTC ) may remain in an uptrend if it can hold one key level amid the massive selloff roiling the markets. Hayes tells his 662,400 followers on the social media platform X that if Bitcoin holds $76,500 as support over the next two weeks, the flagship crypto asset may start rallying again. “Market no likey ‘Liberation Day,’ if BTC can hold $76,500 between now and US tax day April 15th, then we are out of the woods. Don’t get chopped up!” Hayes believes that US President Donald Trump’s announced tariffs on Wednesday, which Trump dubbed ‘Liberation Day,’ will prompt the Fed to shift to quantitative easing (QE), which has historically been bullish for crypto as an asset class. “Trump’s tariff formula is further evidence he is laser-focused on reversing these [global trade] imbalances. The problem for treasuries is that without [money] foreigners can’t buy bonds. The Fed and banking system must step up to ensure a well-functioning treasury market, which means [an increase in money supply].” He also says that the weakening US dollar may help pump Bitcoin and gold as investors look for a hedge against inflationary pressures. “The [US dollar] is weakening alongside foreigners selling US tech stocks and bringing money home. This is good for BTC and gold over medium term.” Bitcoin is trading for $82,836 at time of writing, flat on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Bitcoin Will Be Out of the Woods if Major Support Level Holds Over Next Two Weeks, Says Arthur Hayes appeared first on The Daily Hodl .
While stocks continued their steep declines following China’s retaliatory tariffs against the US, Bitcoin remained stable at $83,000, remaining resilient in the face of the deepening global trade war. Bitcoin Holds at $83K, Stocks Drop as Trade War Heats Up Bitcoin rose 1.7% on Friday, according to Coin Metrics, while most major cryptocurrencies also saw gains. However, crypto-related stocks continued to struggle. Coinbase fell 8%, while Strategy rose less than 1%. Meanwhile, gold prices fell, with spot gold down 2.5% to $3,041.09 an ounce and U.S. gold futures down 1.79% to $3,063.50. Tariffs Are Shaking Markets, But Crypto Remains Steady The new turmoil comes after China's Commerce Ministry announced it would impose a 34% tariff on all U.S. goods, mirroring the tariff hike on Chinese imports that Trump announced on Wednesday. The ongoing trade war has shaken stock markets, but Bitcoin has so far remained stable in the $80,000 to $90,000 range, indicating strong investor demand. “Tariffs are increasing costs for US businesses and pushing capital out to Asia. They’re affecting everything, but the decentralized nature of crypto makes it more resilient. It could even be a long-term winner,” said James Davies, CEO of Crypto Valley Exchange. Bitcoin as a Liquidity Indicator Bitcoin initially fell following Trump's tariff announcement, but the move was minor compared to the sharp decline in the stock market. David Hernandez, crypto investment expert at 21Shares, noted that Bitcoin’s ability to hold key technical support points to strong fundamental demand. “Crypto is affected by funding rates and available capital,” Davies added. “But the US only accounts for 20% of global crypto trading, and the market generally moves independently of economic turmoil in the US. Bitcoin has become a global liquidity barometer that is the first to respond to shocks but also the quickest to recover.” Despite economic uncertainty, Bitcoin's ability to withstand market turmoil suggests that institutional investors and long-term holders continue to see value in the asset amid broader financial instability. *This is not investment advice. Continue Reading: Bitcoin Stood Strong While US-China Trade War Shakes Markets! Here's Why