Bitcoin is testing $95K, with whale profits and technical indicators hinting at potential volatility.
Technical analysis shows that Ethereum’s price action is currently completing a market structure that shows signs of revival. After weeks of struggling below key levels, Ethereum now appears to have completed a market structure break, with a technical analyst pointing to $1,500 as the zone where buyers have regained control, and a break above $4,000. Ethereum Structure Break And The $1,500 Turnaround Point Crypto analyst SwallowAcademy, in a recent technical breakdown of Ethereum’s weekly candlestick chart, noted that buyers have successfully initiated a clean market structure break just above the $1,500 zone. Earlier this month, Ethereum briefly dropped as low as $1,415, a level that initially appeared to signal further downside. However, what followed was a sharp reaction from bullish traders who aggressively accumulated during that dip, effectively neutralizing the intense selling pressure that had driven the price down. Related Reading: Ethereum Price Eyes $2,700 As Wyckoff Accumulation Nears Completion This influx of buyer interest not only prevented a deeper breakdown but also laid the groundwork for a notable structural shift in market behavior. Since then, Ethereum’s price has exhibited signs of strength, consistently finding support during minor retracements around the $1,500 region. This repeated defense of support led to the formation of a market structure break, which is a technical formation that often signals a transition from bearish to bullish price action. Interestingly, this structure break has seen the Ethereum price edge slowly upwards. This is a notable change, especially as the price is now climbing toward the $1,900 resistance region —a range that also aligns with the 50-week moving average and serves as a gateway to further upside. Breaking and closing above this level on the weekly timeframe could provide the necessary momentum for Ethereum to pursue higher targets, potentially signaling the beginning of a broader recovery trend. If bulls manage to secure an Ethereum break above $1,900, it could unlock a path to multiple upside levels outlined in SwallowAcademy’s analysis, with $2,800 and $4,400 as realistic medium-term targets. FVG Fill, EMA Retest, And Why $4,400 May Be In Play A closer look at the daily chart reveals a significant fair value gap (FVG) between $1,900 and $2,800, coinciding with a cluster of exponential moving averages that have yet to be retested. According to the analyst, filling this FVG is a “must-have” condition for a smoother and more sustainable rally, especially if Ethereum is to avoid the type of choppy behavior that plagued its price action in the first quarter of 2025. Related Reading: Ethereum Price Looks Set To Crash To $1,000-$1,500, But Can It Fill The CME Gaps Upwards To $3,933 Considering the current momentum, Ethereum can easily close above the resistance at $1,900 on the daily timeframe. If sustained, this momentum should be sufficient to close above $1,900 on the weekly timeframe, fill the FVG, and surpass $2,800, which would then confirm the run to $4,000 on the weekly timeframe. Other price targets highlighted are at $2,300, $4,000, and $4,900. At the time of writing, Ethereum is trading at $1,830. Featured image from Pixabay, chart from Tradingview.com
The leading stalking provider, P2P.org, has been elected as a Super Representative (SR) on the TRON network. The…
Samourai Wallet lawyers and U.S. prosecutors have jointly requested an extension for their respective pretrial motions after the Department of Justice (DOJ) shifted its stance on digital asset litigation earlier this month, an April 28 court filing shows. Samourai Wallet Founders Push To Drop Case According to a Monday letter addressed to U.S. District Judge Richard M. Berman of the Southern District of New York, legal representatives for Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill are asking for a 16-day extension after previously drafting a letter requesting dismissal of the case earlier this month. “The Defendants believe that a continuance of the pretrial motions schedule is warranted to permit Defendants to avoid the significant expense of preparing their motions while the Government determines its position in response to the Defendants’ letter,” lawyers for the crypto executives state. Rodriguez and Hill originally sent the indictment dismissal request on April 10, just three days after DOJ Deputy Attorney General Todd Blanche issued a memo stating that the agency would halt regulatory-focused digital asset cases. scoop: the DOJ is disbanding its crypto unit, according to a four-page memo deputy AG Todd Blanche sent out to all staff. https://t.co/ofpqBSibCM pic.twitter.com/AqD0EsoXmd — Ben Weiss (@bdanweiss) April 8, 2025 “The Justice Department will no longer pursue litigation or enforcement actions that have the effect of superimposing regulatory frameworks on digital assets while President Trump’s actual regulators do this work outside the punitive criminal justice framework,” the memo reads. A Shift In U.S. Crypto Policy The unofficial stay in proceedings could be a positive indicator for Samourai Wallet’s fate after Hill and Rodriguez were arrested and charged with conspiracy to commit money laundering and operating an unlicensed money-transmitting business in April 2024. U.S. prosecutors alleged that the duo facilitated over $2 billion in illicit transactions , including $100 million in money-laundering transactions tied to dark web markets. Both Hill and Rodriguez could face up to 25 years behind bars for the crimes, though the DOJ’s recent shift in crypto policy may alter their fate. The post Samourai Wallet Dismissal Bid Gains Steam After DOJ Policy Pivot, 16-Day Delay appeared first on Cryptonews .
Trump signed an order affecting tariffs, impacting cryptocurrency projections. FLOKI and PEPE coins show potential if ETH rises, while DOGE awaits ETF decisions. Continue Reading: Tariff Trends Shape Cryptocurrency Moves: What Floki, PEPE, and DOGE Anticipate The post Tariff Trends Shape Cryptocurrency Moves: What Floki, PEPE, and DOGE Anticipate appeared first on COINTURK NEWS .
The Bank of Italy identified Bitcoin and other digital assets as emerging risk factors in a recent report, citing concerns for both investors and the financial system. In its April 2025 Financial Stability Report, the Bank of Italy flags crypto volatility and rising integration with the broader economy, singling out stablecoins and non-financial firms’ crypto exposure as key concerns. "The strong growth of Bitcoin and of other crypto-assets with high price volatility means risks not only for investors but also potentially for financial stability, given the growing interconnections between the digital asset ecosystem, the traditional financial sector and the real economy,” the report notes. Excerpt from the Bank of Italy’s Financial Stability Report. Source: Bank of Italy The Bank of Italy’s report also addressed the trend of non-financial corporations holding Bitcoin, stating that it exposes them to “marked price volatility” driven by “the belief that Bitcoin can support their share prices.” Strategy (formerly MicroStrategy) helped popularize the corporate purchase of Bitcoin, beginning its acquisitions in August 2020. Since then, several companies have followed its lead, including Metaplanet, Semler Scientific, and GameStop. The Bank of Italy also addressed stablecoins in its report, noting potential risks if dollar-pegged tokens were to become systemic. It suggested that increased reliance on US government bonds to back these assets could introduce broader financial vulnerabilities. According to the report, disruptions in either the stablecoins or the underlying bonds could have “repercussions for other parts of the global financial system.” The report comes just a few days after Giancarlo Giorgetti, the country’s minister of economy and finance, warned that the appeal of US dollar stablecoins should not be underestimated. According to Giorgetti, US stablecoin policies are more dangerous than US President Donald Trump’s tariffs . Related: Italy scales back plans to hike crypto tax rate: Report Giorgetti, in his speech, highlighted the need to enhance the euro’s position on the global stage, noting that the development of the Digital Euro will play a crucial role in reducing reliance on foreign digital solutions. Related: Italy’s largest bank enters crypto market with $1M Bitcoin investment
On Tuesday, the crypto economy edged 0.51% higher over the past 24 hours, cruising at a valuation of $2.98 trillion, with bitcoin ticking up 0.5% and ethereum climbing 1.5% in the same window. Meanwhile, SAFE token vaulted more than 23% today, while AI16Z appreciated by 9.29% against the U.S. dollar. Wall Street Ends Up, Crypto
Bitcoin (BTC) metrics suggest caution amid rising price following a swift recovery. Following the April 28 spike, traders flagged incoming risk due to higher profit-taking from whales and miners. Short-term holders are mostly at risk of sparking a reaction, especially from retail investors who are also in the mix. Short-Term Demand Is Negative According to CryptoQuant researchers, the short-term momentum for Bitcoin demand remains in the red zone. Onchain data shows the 30-day demand falling to previous levels, gradually ushering in low sentiments. Similarly, the 30-day Simple Moving Average (SMA) plunged further compared to a bull cycle level. While demand stands at -483.88K BTC, SMA fell to -310.70K BTC. This metric highlights the shift in active demand from long-term holding, showing the difference between speculative distribution and accumulation. Bitcoin traders have expressed concern, citing previous bear markets. In the 2021-2022 cycle, plunging short-term demand preceded major macro pullbacks. This is also seen in periods laced with multiple flash dips. Last month, Bitcoin entered into a correction phase due to the United States tariffs. A look at the charts shows the pullback in short-term trades before subsequent whale absorption. “ The sustained negative momentum reflects declining demand pressure from short-term participants, possibly driven by profit-taking or market uncertainty. Long-term holders continue to absorb less BTC than what’s being distributed by short-term holders, a dynamic typically seen in late-cycle distribution phases or during macro consolidation. Despite the price holding above $94.4K, the underlying demand engine is cooling off.” Profit-taking tops the reasons for the increased sell pressure over the last two weeks. The Bitcoin price reclaimed $ 95,000 after weeks in the doldrums as macro sentiment flipped green. This led to huge outflows and inflows to centralized exchanges. In the last 24 hours, miners’ reserves dropped by 943 BTC, approximately $850 million. Bulls Maintain Pressure The short-term demand triggered caution among traders, but the majority of actors are bullish. Whale inflows continued to drive the market as bulls set sights on multi-month peaks. Last week, over 60 new wallets holding more than 1000 BTC emerged, signalling new inflows. Whale activity spiked trader confidence as new retail investors began circling the asset class. Institutional products notched a massive $3.4 billion in inflows in seven days, the third-largest weekly gains. Likewise, altcoins posted double-digit gains on speculation about new spot ETFs in the United States and an altcoin season if the pressure gains steam.
Truth Social, the social network of President Trump's Trump Media & Technology Group, is considering launching a crypto token.
President Donald Trump announced a plan to ease the burden of the new 25% tariffs on foreign-made vehicles and parts. Under the proposal, automakers with US factories can claim credits on import taxes based on sales volume and suggested retail prices. White House officials said the proposal will use a formula tied to the number of cars sold in the United States and the price of each model. Officials added that the relief will run for two years, giving businesses time to redesign their supply chains without facing the full cost of the tariffs. They also confirmed that parts made in Canada and Mexico under North American free trade rules will remain exempt from the 25% levy. The announcement comes as President Trump prepares to hold a rally in Michigan on Tuesday to mark his first 100 days in office. Michigan is a key battleground state and the heart of the US auto industry. Michigan is also home to Ford, General Motors, and Stellantis, and a network of more than 1,000 major suppliers to the sector. These companies have been in limbo since March, when Trump unveiled 25% tariffs on cars and car parts, saying he wanted to boost domestic manufacturing for national security. Consumers raced to buy vehicles ahead of the tariffs , causing a short-lived sales spike. However, the move also forced manufacturers to rethink production schedules and supply arrangements under pressure. When General Motors reported its quarterly results to investors on Tuesday, it said the duties would force it to revise its full-year forecast and withdraw its previous guidance. In an unusual step, General Motors also postponed its earnings call, which was set to discuss the figures. The 25% tariff on foreign-made cars, which accounted for nearly half of US vehicle sales last year, went into effect last month. Tariffs on parts were scheduled to begin on 3 May. US motor groups have welcomed the ease of tariffs Last week, a coalition of US motor groups representing companies such as General Motors , Toyota, and Volkswagen sent a letter asking the president not to impose the duties on parts. They warned that the levies would “lead to higher auto prices for consumers, lower sales at dealerships, and make servicing and repairing vehicles both more expensive.” Under the adjusted plan, automakers can claim an “offset” on what they pay in parts tariffs worth up to 3.75% of a vehicle’s suggested retail price in the first year, falling to 2.5% in the second year. According to the White House, any car with at least 85% of its parts made in the US, Canada, or Mexico will avoid the 25% duty at first. That threshold will rise to 90% in year two. Officials described the update as an acknowledgment that today’s auto supply chains span the globe, noting that even vehicles marketed as American-made often include parts from abroad. They also said the auto tariffs would not stack on top of existing steel and aluminium duties, preventing firms from paying multiple charges on the same materials. Automakers welcomed news of the softened stance. “We’re grateful to President Trump for his support of the US automotive industry and the millions of Americans who depend on us,” General Motors’ chief executive, Mary Barra, said in an emailed statement. “We appreciate the productive conversations with the President and his Administration and look forward to continuing to work together.” Ford said the move would “help mitigate the impact of tariffs on automakers, suppliers and consumers,” adding, “We will continue to work closely with the administration in support of the president’s vision for a healthy and growing auto industry in America.” The company called policies that encouraged exports and ensured affordable supply chains “essential,” and said if major importers matched Ford’s commitment to US manufacturing, the country would see “a windfall of new assembly and supplier factories and hundreds of thousands of new jobs.” Stellantis chairman John Elkann said, “We look forward to our continued collaboration with the US administration to strengthen a competitive American auto industry and stimulate exports.” Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot