Ethereum price started a recovery wave from the $2,000 support zone. ETH is now rising and might aim for a move above the $2,350 resistance zone. Ethereum started a fresh upward move above the $2,220 support zone. The price is trading above $2,220 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $2,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,275 and $2,350 resistance levels to start a decent increase. Ethereum Price Eyes A Comeback Ethereum price started a fresh decline below the $2,350 zone, like Bitcoin . ETH gained bearish momentum below the $2,220 and $2,250 support levels. A low was formed at $2,003 and the price is now attempting a recovery wave. There was a move above the $2,150 and $2,200 resistance levels. It even tested the 50% Fib retracement level of the downward move from the $2,550 swing high to the $2,003 low. Ethereum price is now trading above $2,200 and the 100-hourly Simple Moving Average . There is also a key rising channel forming with support at $2,200 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,275 level. The first major resistance is near the $2,340 level and the 61.8% Fib retracement level of the downward move from the $2,550 swing high to the $2,003 low. A clear move above the $2,340 resistance might send the price toward the $2,420 resistance. An upside break above the $2,420 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,275 resistance, it could start another decline. Initial support on the downside is near the $2,240 level. The first major support sits near the $2,220 zone. A clear move below the $2,130 support might push the price toward the $2,080 support. Any more losses might send the price toward the $2,050 support level in the near term. The next key support sits at $2,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,220 Major Resistance Level – $2,275
The post Pi Coin Price Prediction: Bulls Break $2, Next Target $3 appeared first on Coinpedia Fintech News Pi Coin has recently kicked off an upward move, targeting higher price levels after a surge of more than 7% over the last 24 hours. The coin is now inching closer to the $2 mark, recovering from a major drop from its all-time high of $3. Currently, Pi Coin is trading between $1.70 and $1.95, sparking hope among investors for a potential rebound to its peak value. The broader cryptocurrency market remains volatile, with major coins like Bitcoin influencing the price of Pi Coin. Despite this, Pi Coin has established itself as the 11th most valuable cryptocurrency on CoinMarketCap, even without being listed on major exchanges like Binance or Coinbase. The immediate support level for Pi Coin is at $1.60. If selling pressure continues, this level could be tested once again, following recent market trends. The Relative Strength Index (RSI) is currently below 50, signaling weak bullish momentum. Pi Network’s Growing Presence and Potential Analyst Kim Wong said that Pi Network stands out among crypto projects for its aim to build a functional digital economy, allowing Pi coins to be used in real-world transactions, such as purchasing goods and services, and powering decentralized applications (dApps). The Pi Network boasts one of the most vibrant and supportive communities in crypto, with the Pi app downloaded over 150 million times and 65 million active users. It also has 4 million followers on X, second only to Bitcoin. https://twitter.com/Time_and_Trade/status/1897331640738943046 Since February 20, 2025, Pi Coin has been listed on several prominent centralized exchanges (CEXs), with a daily trading volume averaging around $1.5 billion. Pi’s market capitalization ranks 11th among all cryptocurrencies, and 8th when stablecoins and meme coins are excluded.
The post XRP Price Prediction: Can It Rally to $2.83? appeared first on Coinpedia Fintech News After continuous price fluctuations in recent days, XRP, the native token of Ripple Labs, is poised for notable upside momentum due to the formation of a bullish price action pattern on the four-hour timeframe. XRP Technical Analysis and Upcoming Levels According to expert technical analysis, XRP has formed a bullish cup-and-handle price action pattern in the four-hour timeframe and is on the verge of a breakout. Amid ongoing price fluctuations, the price has reached the neckline of the pattern. Based on recent price action and historical trends, if the asset breaks out of the pattern and closes a four-hour candle above the $2.55 mark, there is a strong possibility it could soar by 12% to reach the $2.83 level in the coming days. Source: Trading View However, the neckline of the pattern coincides with the 200 Exponential Moving Average (EMA) in the same timeframe, which also acts as a resistance level. Current Price Momentum XRP is currently trading near $2.52, having registered a modest gain of 1.10% in the past 24 hours. During the same period, its trading volume dropped by 45%, indicating lower participation from traders and investors compared to previous days. $13 Million Worth of XRP Inflow The potential reason behind XRP’s struggle to gain momentum is the ongoing inflow from the exchanges. According to the on-chain analytics firm Coinglass , investors and long-term holders have potentially offloaded nearly $13 million worth of XRP tokens onto exchanges. This substantial outflow onto exchanges is currently causing prices to struggle, as it has the potential to create selling pressure and drive downside momentum. XRP’s Major Liquidation Levels At press time, traders betting on the long side are currently dominating, while those betting on the short side appear exhausted. Traders are over-leveraged at $2.40, having built $57 million worth of long positions. Meanwhile, $2.55 is an over-leveraged level where traders have built $8.50 million worth of short positions. Source: Coinglass This over-leveraged positioning suggests that bulls are strongly supporting XRP in an attempt to breach the current resistance level.
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