If pseudonymous analyst Weslad is to be believed, Ethereum (ETH) is caught in a tug-of-war between wildly differing futures: a historic surge past $6,000 or a soul-sapping plunge to $1,800. The market technician claims that ETH is completing a massive ABCDE wave structure within a years-long “symmetrical pennant,” which can only mean one thing: explosion. The Roaring Bull Case In a recent breakdown , Weslad explained that Ethereum’s price action since its $4,851 all-time high has formed a giant consolidation pattern. According to him, this structure is now approaching a critical inflection point known as wave D, testing its upper boundary. At the same time, a bullish Inverse Head and Shoulders (IH&S) pattern is emerging on the daily chart, with its neckline acting as stubborn resistance near $2,855. This technical confluence suggests a coiled spring ready to unleash tremendous energy into the market, leading the analyst to state unequivocally: “A confirmed breakout above the neckline [$2,855] would likely validate both the IH&S and the breakout from wave D, setting the stage for a potential expansion move toward the $6,000 target and beyond.” Weslad’s audacious target found an ally in fellow strategist Jeremy Fielder, who declared in a video posted on X: “We’re looking at $6,500 Ethereum by the end of the year and then a possible 10,000 Ethereum in early next year… Regulation is now pro-crypto. That’s all you need to know.” He based his argument on the accelerating adoption of Web3 and a favorable regulatory shift, dismissing granular metrics in favor of a sweeping bullish tide. While not as lofty a milestone as Weslad’s and Fielder’s, market watcher Titan of Crypto’s $4,100 target is not far off the ballpark. His thesis is hinged on Ethereum’s successful recovery back inside its crucial weekly trading range, noting that momentum is building towards the range high. Looming Bear Trap But don’t celebrate just yet. Weslad’s otherwise bullish analysis also comes with a stark warning for the downside scenario. He suggested that if ETH faces rejection at the critical $2,855 neckline resistance or the upper boundary of the pennant, a retracement into wave E becomes highly probable. According to him, this trajectory would drag the price down towards a “high-confluence demand zone” spanning $1,400 to $1,800. That’s a potential 40% collapse from current levels. The post Ethereum Price to Hit $6K This Year? Analysts Make Bold Call appeared first on CryptoPotato .
As altcoin season approaches, two names are on everyone's lips: Polkadot and Cosmos . Both once held great promise but have faced challenges. Could this be the moment for their resurgence? This article explores their potential for a comeback, diving into the factors that could propel these cryptocurrencies back to the forefront of the market. Polkadot Price Downtrend: Recent Lows and Key Price Levels Polkadot experienced a monthly decline of about 12.3%, with the past six months reflecting a larger slide of roughly 56.8%. Weekly trends show a smaller dip near 2.33%, indicating persistent downward pressure that has kept prices subdued. Historical performance reveals a coin struggling to recover from losses, with trading activity demonstrating a steady erosion of momentum. Price movements over these periods show that sellers have taken control, leading to a prolonged bearish regime without any significant corrective surges. Currently, Polkadot trades within a range of approximately $2.83 at the low end and $4.16 at the high end. Key levels include a primary resistance near $4.92 and a secondary resistance around $6.25, while immediate support is evident near $2.26 with another level around $0.93. Technical readings such as an RSI of 41.45 and indicators like the Awesome Oscillator at -0.232 underline the dominance of bearish sentiment. Traders might look for buying opportunities if prices approach the support around $2.26, but a break above the $4.92 resistance could signal a potential reversal. The market appears to be in a sideways pattern, although prevailing indicators suggest further caution and controlled short-term trades within these defined price levels. Cosmos (ATOM): Past Trends and Current Price Levels Analysis Cosmos has experienced a modest decline over the last month with a drop of -2.27%. In the past six months, the coin's value has contracted significantly by -46.34%, highlighting a period of persistent downward movement. Over the week, a minor adjustment of -0.038% indicates minimal short-term shifts compared to longer-term trends. This behavior points to the coin's volatility and emphasizes the need for cautious market entry. The transition from higher price levels into a compressed range reflects overall investor uncertainty, suggesting that recovery will depend on renewed buying interest. Cosmos trades within a range between $3.56 and $4.63. Key levels include primary resistance around $5.16 and secondary resistance at $6.22, while nearest support is at $3.03 with additional safety near $1.97. Currently, bulls and bears are balanced, with no side dominating price action. Mixed technical indicators show the Awesome Oscillator is slightly negative, the Momentum Indicator modestly positive, and RSI around 46.15. This indicates no clear trend, suggesting cautious trading. Traders might consider long positions if prices surpass resistance, while a drop below support could trigger further downside risk. Adaptive trading strategies are recommended to manage risks effectively. Conclusion DOT and ATOM both show potential for strong performance in the upcoming altcoin season. Their innovative features and robust platforms set them apart. While past performance doesn’t guarantee future results, their solid foundations suggest promising prospects. Attention to their development will be key in judging their future success. Both coins have unique strengths that could help them reclaim previous highs. Their future trajectory will depend on continued innovation and market conditions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Ethereum’s price action is gearing up for a surge of epic proportions, according to crypto technical analyst MasterAnanda on the TradingView platform. Ethereum has spent a majority of the past two months consolidating above the $2,425 support zone, in what might be an accumulation phase before a major breakout. Nonetheless, MasterAnanda’s analysis suggests that Ethereum is on the verge of entering its strongest bullish wave in years, with a breakout target that starts at $5,791. Related Reading: The Silent Bitcoin Accumulation: Public Companies’ Surprising H1 2025 Lead Ethereum To Break Out To At Least $5,791 MasterAnanda’s weekly candlestick chart shows a large ETH wedge pattern with consistently rising lows from June 2022 to April 2025. On the other hand, price highs have been relatively flat, specifically around the March and December 2024 peaks. Ethereum’s behavior since April has been marked by low volatility and sideways movement, which often precedes large market moves. The most interesting move was when its price dropped to as low as $1,470 on April 9 before quickly rebounding and establishing a rounded bottom formation. Nonetheless, the analyst noted that Ethereum is due a major, major bullish wave. The question is not whether it will happen, but when it will. Now that the current consolidation is sitting right above trendline support, MasterAnanda argues that this formation will soon give way to a powerful bullish wave. The target is a minimum of $5,791, which is based on the 1.618 Fibonacci extension. Interestingly, the analyst noted that it is possible for the Ethereum price to reach $8,500 or higher in the longer term if it breaks above the resistance trendline, which is currently at $4,000. This prediction is backed by improving fundamentals and current on-chain data showing accumulation through Spot Ethereum ETFs. Wyckoff Accumulation Says It’s Ethereum’s Turn Crypto analyst Ted Pillows shared a separate but related analysis on the social platform X that’s based on a Wyckoff accumulation pattern playing out on ETH’s weekly chart. Pillows called the selloff to the $1,470 low in April as the “Spring” phase of Wyckoff accumulation, followed by a successful “Test” of a September 2024 support around $2,145, and the gradual move back to resistance now. According to his projection, Ethereum’s breakout will unfold in stages. The first stage is a push to $3,000, then a correction, followed by a rise to $4,000 in Q3. Only after these steps will the parabolic leg truly begin. The parabolic leg, in this case, should take Ethereum above $5,700, if the price action plays out as predicted. Related Reading: XRP’s Time Is Now, Says Pundit—Don’t Snooze On The ‘Biggest Transfer Of Wealth’ His analysis closely aligns with MasterAnanda’s call for a minimum $5,791 target. Just as the Wyckoff accumulation pattern pumped Bitcoin to its most recent all-time high, Ethereum may be on the verge of its own spotlight moment in this ongoing 2025 bull cycle. At the time of writing, Ethereum is trading at $2,516. Featured image from Unsplash, chart from TradingView
As crypto news today swirl around Ripple’s potential ETF, a lesser-known player is quietly gaining momentum, Mutuum Finance (MUTM). Mutuum Finance (MUTM) , is at a low price of $0.03, the lowest it’ll ever be ahead of upcoming price increases. Phase 5 Presale of Mutuum Finance is currently more than 60% sold and is available at just $0.03. Over 12,700 investors participated in the Mutuum Finance presale. It has already raised the amount that exceeds more than $11.8 million. While Wall Street speculates on the regulatory future of XRP and potential ETF approval, investors are turning their attention to Mutuum Finance which could hit $1.5, a 50x from its current price. XRP Poised for Uptick as ETF Hype Peaks XRP is trading around $2.29. The recent SEC approval of Grayscale’s Digital Large Cap ETF, which includes XRP, has ignited excitement, boosting perceptions that a standalone XRP spot ETF could soon follow, with analysts now placing approval odds at around 95%. Additionally, Ripple’s launch of an Ethereum-compatible sidechain on the XRP Ledger adds tangible utility potential. XRP recently broke above the $2.23 ceiling and reclaimed the 100-day EMA, setting the stage for a move toward $2.50 and possibly the $3.00–$3.50 range by Q3, contingent on ETF momentum and macro factors. That said, some traders are diversifying into early-stage tokens like Mutuum Finance as they search for potentially larger short-term returns. Investors Rally Behind Mutuum Finance Mutuum Finance is gaining significant momentum in Phase 5 of the presale. The project stands out from others by offering a scalable system of finance with a real-world use case. Investor interest is gaining momentum with the project having raised well over $11.8 million already and having over 12,700 token holders. Introducing a DeFi Lending Model Mutuum Finance introduces a non-custodial liquidity protocol in which users retain their total ownership of assets while they participate in decentralized lending. The project adopts a double-model approach that incorporates Peer-to-Contract and Peer-to-Peer lending to foster increased flexibility and efficiency. Peer-to-Contract system uses smart contracts to deliver automated lending without any human intervention and instead, the smart contracts respond to the market by offering dynamic interest rates. Peer-to-Peer model removes middlemen and thus offers a direct link between lenders and borrowers. The model is highly favored by users in dealing with volatile assets where flexibility and tailor-made terms are required. CertiK-Audited with a $50K Bug Bounty Mutuum Finance is also operating on the development of the fully collateralized Ethereum-based USD-backed stablecoin. The project incorporates smart contracts that are audited by security company, CertiK. Besides the guarantee of ensuring good maintenance of the code, this audit signifies that the team will be persistent to build a safe protocol DeFi. In order to reinforce this commitment, Mutuum Finance has implemented its Official Bug Bounty Program with CertiK through which it has allocated $50,000 in USDT rewards. The program has four levels, critical, major, minor, and low, and makes sure that any level of vulnerabilities are discovered and rewarded. While XRP’s ETF buzz and technical breakout hint at a potential run toward $3.50, Mutuum Finance (MUTM) is stealing the spotlight among investors hunting for exponential gains. Priced at just $0.03 and already 60% sold out in Phase 5, Mutuum has raised over $11.8 million from more than 12,700 participants. With its DeFi lending protocol, dual lending models, and a CertiK audit backed by a $50,000 bug bounty, MUTM is positioning itself as a serious coin in the market. Early projections now place its price target at $1.50, a potential 50x rally from today’s level. Join the presale now and lock in before the price climbs. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
Binance has initiated a high-stakes Metaplex (MPLX) trading competition on its Alpha platform, offering a substantial reward pool to invigorate market activity. The event, running from July 6 to July
XRP is demonstrating renewed bullish momentum as it retests the critical $2.40 resistance level following a decisive breakout from a descending trendline. The recent SEC approval for the Grayscale Digital
CoinGecko, which keeps the pulse of the cryptocurrency market, has published a list of the most searched altcoins in the last three hours. The list reveals the altcoins that investors and enthusiasts showed instant interest in, with notable projects such as TON, BONK and USELESS Coin at the top. Telegram-backed Toncoin (TON) took the top spot, gaining 6.3% in the last 24 hours. Second-placed Bonk (BONK) attracted investors with a 20.3% price increase, while third-placed Useless Coin (USELESS) experienced a 0.9% decrease in price. The reason behind Toncoin being so trendy is that it entered into a collaboration with the United Arab Emirates this morning. You can find the details of the subject in our news below. Related News: BREAKING: This Altcoin Has Reached an Agreement with the United Arab Emirates and Will Grant Gold Visas to Token Holders Here is the list of the currently trending altcoins and their market caps according to CoinGecko: Toncoin (TON) – $7.19 billion Bonk (BONK) – $1.67 billion Useless Coin (USELESS) – $291 million Hyperliquid (HYPE) – $13.01 billion Solana (SOL) – $79.19 billion Fartcoin (FARTCOIN) – $1.15 billion Aerodrome Finance (AERO) – $596 million Aave (AAVE) – $4.10 billion SOON (SOON) – $27.5 million Uniswap (UNI) – $4.36 billion Plume (PLUME) – $294 million Grass (GRASS) – $314 million Virtuals Protocol (VIRTUAL) – $1 billion Pudgy Penguins (PENGU) – $993 million Ondo (ONDO) – $2.45 billion *This is not investment advice. Continue Reading: List of the Most Searched Altcoins in Recent Hours Published – Altcoin That Made a Big Deal Today Takes the Top Spot
With strong growth and ETF buzz, XRPL is positioning itself as a real Ethereum alternative.
Recent venture capital activity in the crypto sector highlights a strategic focus on blockchain infrastructure, AI integration, and decentralized finance innovations. Despite a challenging macroeconomic environment, several startups have successfully
The price of Pepe Coin remains in a bear market after crashing by double digits from its highest level in May. Pepe ( PEPE ), the second-largest Ethereum ( ETH ) meme coin, has dropped to $0.000010 — down 40% from its highest point in May. Here are the top three reasons why it will bounce back soon. Pepe Coin price forms falling wedge The first main reason why the Pepe token may rebound soon is that it has formed a falling wedge, a popular bullish reversal pattern. A falling wedge comprises two descending and converging trendlines, which have neared their confluence levels. A wedge is one of the most bullish patterns in technical analysis. Pepe price has also remained above the ascending trendline that connects the lowest swings since March this year. It has also remained above the ultimate support of the Murrey Math Lines at $0.000005960. You might also like: XLM price at risk as Stellar Lumens’ funding rate crashes Therefore, the token is likely to experience a strong bullish breakout, with the following key point to watch being at $0.00001625, representing an increase of over 70% from the current level. A drop below the weak, stop-and-reverse level at $0.000007450 will invalidate the bullish view. Pepe price chart | Source: crypto.news High volume and open interest There are signs that Pepe’s demand and popularity is still high. CoinGecko data shows that its 24-hour volume was over $400 million on Sunday, July 6. While this volume was lower than its historical levels, it was significantly higher than that of other popular meme coins. For example, Shiba Inu (SHIB) had a 24-hour volume of less than $70 million. CoinGlass data shows that Pepe’s futures open interest has remained steady in the past few weeks. It had a 24-hour open interest of $522 million, higher than the year-to-date low of $173 million. A high open interest is a bullish catalyst for an asset because it indicates increased demand. Pepe open interest | Source: CoinGlass Pepe’s exchange balances in a free fall Further data shows that investors are not selling their Pepe Coins despite their recent crash. Santiment data shows that Pepe’s reserves on exchanges have dropped to a multi-year low of 101.7 trillion. This is a significant decline from the year-to-date high of 158.9 trillion tokens. Pepe exchange balances | Source: Santiment The falling exchange supply and the rising whale accumulation mean that the token may rebound soon. According to Nansen , the number of Pepe tokens held by whales has increased by 4.1% over the last 30 days to 7.6 trillion. Read more: Maple SYRUP price eyes rebound as smart money piles in