Technical Analysis

By ShayanMarkets

The Daily Chart

ETH’s daily chart remains structurally bullish despite the recent retracement. After the breakout above the $2,800 resistance level, the price surged past the $3,500 resistance zone, eventually stalling near $4,000. This area aligns with prior swing highs from late 2024 and is acting as strong resistance for now.

The asset has now retraced back toward the broken resistance at $3,500, which is being retested as support. The RSI has also cooled from overbought levels and is currently hovering near 56, allowing room for another move up if buyers step in.

Moreover, the 100-day moving average is accelerating above the 200-day moving average, confirming a bullish golden cross structure. As a result, momentum remains in favor of the bulls as long as ETH stays above the $3,500 range. If this zone breaks, the next support lies at $2,800 and then $2,500.

On the upside, reclaiming $3,700 would open the door for another test of the $4,100 highs. A confirmed breakout above that level could trigger a move toward $4,400–$4,500.

The 4-Hour Chart

The 4-hour chart shows ETH breaking down from a rising wedge formation, a pattern often associated with exhaustion after a prolonged rally. After multiple failed attempts to break above $4,000, ETH rolled over and fell toward $3,350 before finding short-term support.

The move coincided with a bearish divergence on RSI, signaling weakening momentum before the drop. Since then, the price has formed a local base around $3,350–$3,500, with the buyers attempting to regain control.

For now, ETH is stuck in a short-term range between $3,500 and $3,750. A clean break above this range could trigger another move toward the $4,000 region. However, if the buyers fail to hold the $3,500 area, we might see further downside into the $3,300 or even the $3,100 zone. This is a key area where both the sellers and the buyers are battling for short-term momentum.

Onchain Analysis

Exchange Supply Ratio

The Ethereum Exchange Supply Ratio continues to trend lower, hitting a fresh multi-year low at 0.13. This metric measures the proportion of ETH held on exchanges relative to the total supply.

A falling ratio indicates that less ETH is being held on centralized exchanges, suggesting that holders are moving their coins into cold wallets, staking contracts, or custody solutions. It’s often interpreted as a bullish signal since it reduces the immediate supply available to sell on the open market.

This trend has been in place for the past few years and aligns with Ethereum’s broader shift toward becoming a yield-bearing asset post-Merge. Despite recent price volatility, investors appear to be sticking to a long-term accumulation strategy.

With less ETH available on exchanges, even moderate demand could trigger sharp price movements to the upside. Unless this ratio reverses with a sudden inflow of supply back onto exchanges or a futures liquidation cascade occurs, the overall market structure remains bullish from a supply-side perspective.

The post Ethereum Price Analysis: Is ETH Gearing Up for a $4K Breakout? appeared first on CryptoPotato.

Professional Capital Management founder and CEO Anthony Pompliano says that Bitcoin (BTC) has become the “greatest show on Wall Street.”

In a new interview with CNBC’s Squawk Box, Pompliano gives three reasons why BTC is leading the crypto markets to new all-time highs.

“First of all, welcome to The Greatest Show on Wall Street. I think Wall Street’s full, undivided attention is now on Bitcoin. And really, there are three things that drove this move.

The first is that there have been record inflows into the ETFs (exchange-traded funds). Last Thursday alone saw $1.2 billion—the second-highest day ever. Those ETFs now collectively have over $140 billion. BlackRock’s fund alone is now almost $90 billion. In about a year, they went from not having a Bitcoin ETF to having one of the top 20 largest ETFs in the world. So there’s a lot of inflows there.

The second thing is that the options expired at the end of Q2. So all that downward pressure on Bitcoin went away. That helps—kind of like a beach ball being pushed underwater. Obviously, it can pop back up.

And then the third thing is that there were a lot of short sellers. You started to see that build up, and as they got blown out as Bitcoin ran, you entered this price discovery phase. If you go back to November, we went from $70,000 to $90,000 in about two to three weeks. And $70,000 was a new all-time high.”

While not giving explicit price targets, Pompliano says that BTC is in for a “big move” now that’s broken the previous all-time high of $110,000.

“Well, what we’re watching now is that we’ve broken through that $110,000 range, which was the previous all-time high. I don’t know if it goes to $140,000, but it sure is going to make a big move here—because we are in a true price discovery phase.”

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Featured Image: Shutterstock/BT Side

Macro guru Raoul Pal says layer-1 blockchain Sui (SUI) is getting ready for a new phase of outperformance despite its recent consolidation.

On the social media platform X, Pal shares with his 1.2 million followers a chart suggesting that SUI has neared the bottom of a descending channel, and is finding support somewhere near the $2 level.

“For those of you in Sui, these are my chart reads…

Shorter term…”

And zooming out, based on another chart, Pal sees SUI trading within a large triangle pattern, hinting at bullish continuation.

“Longer term…”

Says Pal,

“My view is that as BTC breaks ATHs (all-time highs), [SUI] begins to outperform again and will remain in the top five majors in performance in this cycle.

Patience! Greed, desperation or FOMO (fear of missing out) never works…”

At time of writing, SUI is worth $2.82.

The investor recently said that the trend in the global money supply metric (M2) suggests that Bitcoin (BTC) could go up by around 29% from the current level.

“But at this point, it’s [the price of Bitcoin] really driven by liquidity. It gave us a three-month heads up to exactly the correction [of around $75,000 in April]. And yet Twitter said it’s about tariffs, it’s about the end of the world. It told you, it is telling you, and told you it would be at all-time highs. I told you it would be at all-time highs by May. It tells you we should be over $140,000 by July.”

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The Ethereum price has slowed down — repeatedly failing to breach the resistance zone around $2,800 — over the past few weeks after making a strong start to the month of May. The second-largest cryptocurrency will aim to replicate this brilliant form in the early days of June in order to reclaim the coveted $3,000 level over the coming months.

Since losing the $3,000 level in early February, the price of ETH has struggled to build a sustained bullish momentum, reaching only above $2,700 multiple times in the past few weeks. However, recent market data shows that the Ethereum price could be preparing for an extended rally over the next few months.

What Do Ether Whales Know?

In a May 31 post on the social media platform X, pseudonymous crypto analyst Darkfost provided an on-chain outlook on the Ethereum price momentum and investor sentiment. According to the market analyst, an on-chain signal that preceded a significant price rally for ETH in the past has gone off.

The relevant indicator here is Ethereum’s Average Order Size on Binance, which is calculated by dividing the total trading volume by the number of trades on the world’s largest cryptocurrency exchange (by trading volume). This metric offers insights into the classes of traders — whether it is large institutional investors or retail traders —  that are most dominant on a specific exchange.

Based on this on-chain metric, the Ethereum large investors are once again back in the market, as shown by the whale orders on Binance since May 19. Darkfost said the chart below provides “an instant snapshot of Ethereum’s sentiment and momentum on Binance, while combining key market data on spot and futures activity, cumulative volumes, with moving averages comparison.”

Source: @Darkfost_Coc on X

The on-chain analyst added:

In short, it’s an all-in-one signal, and today, it’s flashing something rare and powerful because the last time this indicator lit up like this was in December 2023, right before ETH rocketed from $ 2,200 to $ 4,000.

Darkfost also mentioned that whales aren’t always trying to find a low entry point, but rather position themselves early when a broader trend begins to show signs of strength. With the average orders on Binance predominantly placed by whales, it implies that the Ethereum price could be gearing up for another 80% move over the next few weeks.

Hence, Darkfost believes the month of May might have been a huge entry window, which most of the large investors seemingly took advantage of.

Ethereum Price At A Glance

As of this writing, the price of Ethereum stands at around $2,537, reflecting a 0.5% increase in the past 24 hours.

The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured image from iStock, chart from TradingView

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The Bitcoin price has been a joy to watch over the past few weeks, bouncing back strongly from its $74,000 low to recover above the $100,000 level again. Interestingly, the latest on-chain data suggests that the premier cryptocurrency could be preparing to reclaim its current all-time-high price and perhaps embark on a fresh bull run.

Bitcoin Price To Follow Gold’s Footsteps

In a Quicktake post on the CryptoQuant platform, on-chain analyst Ibrahim Cosar put forward a data-focused insight into the potential trajectory of the Bitcoin price over the next few months. The relevant metric here is the Growth Rate Difference (Market Cap vs. Realized Cap), which looks at the difference in the growth rate between an asset’s market capitalization and realized capitalization.

According to Cosar, the Growth Rate Difference metric helps evaluate investor behavior (whether the market is overly pessimistic or optimistic) and the different market cycles. The indicator also helps to identify the correlation between actual value growth and price growth, while assessing the sustainability of a price trend.

Source: CryptoQuant

As seen in the chart above, the positive area (denoted by the green color) typically signals bullish market conditions. It suggests that the market cap is growing faster than the realized cap, with more investors entering the market and taking new positions.

The negative (red) zone correlates with bearish market conditions and major price corrections, as more investors offload their assets. With prices dropping and increased loss realization, investor confidence in the market begins to decline.

The highlighted chart shows that the Bitcoin price just witnessed a shift from red (bear market) to green (bull market) in recent days. Cosar believes that this change implies a potential parabolic rise in the price of BTC — as seen in the gold price over the past few months.

Bull Cycle Might Still Be On: CryptoQuant CEO

Two months ago, CryptoQuant Founder Ki Young Ju postulated that the price of BTC had reached its peak and that the bull cycle was over. However, following the impressive performance of the Bitcoin price in recent weeks, the on-chain analytics expert has walked back on their declaration.

According to Ju, the Bitcoin market has become relatively more diverse and seems to be moving away from the traditional cycle theory. The crypto CEO alluded to the past cycles being controlled by the old whales, miners, and new retail investors, while exchange-traded funds (ETFs) issuers, Strategy (MSTR), and institutional investors are the main players in the current one.

Ju, however, mentioned that the Bitcoin market is still sluggish while absorbing new liquidity, even though the most recent price action is extremely bullish. Hence, the crypto founder hinted at waiting for a clearer signal before taking new market positions. 

As of this writing, the flagship cryptocurrency is valued at just above $103,000, reflecting no significant movement in the past 24 hours.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image from iStock, chart from TradingView

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Injective (INJ) could be preparing for another retest of the $10 resistance as its price attempts to confirm a key support level. Some analysts suggest that the cryptocurrency could be preparing for a breakout and a massive bullish reversal.

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Injective Eyes $10 Retest

Over the past month, Injective has surged around 43% from its 18-month low registered on April 7. During last month’s recovery, the cryptocurrency pumped from the $6.34 low to the $10 barrier, hitting a six-week high of $10.63 before retracing.

INJ has been in a downtrend since hitting its Q4 high of $35.26, retracing nearly 75% in the last six months. Analyst Crypto Rand noted that the token has attempted to break out of the downtrend but has faced strong resistance around the $9.5-$10 range.

Following its recent jump, Injective got rejected from this range, with some market watchers suggesting that it could retest the $9-$9.20 levels as support before the next breakout attempt.

Amid the weekend retrace, INJ’s price has touched these levels, trading between the $9.00-$9.40 and briefly falling to $8.90 before bouncing. After the 4.8% drop, the cryptocurrency is attempting to confirm this level as support, which could help Injective gain strength for another push above the key zone and toward the $11-$12 resistance.

Crypto Rand noted that a breakout of the “$10 range would trigger the bullish reversal,” which could also propel the token toward the $14 barrier, lost in early March. Notably, this level has been a key horizontal level since the November post-election pump, serving as a crucial support and resistance.

INJ Ready For A Breakout?

Meanwhile, analyst Sjuul from AltCryptoGems highlighted a massive, inverse Head and Shoulders pattern on INJ’s chart, noting that investors should pay attention as “this is one of the strongest reversal patterns.” This formation is a bullish reversal chart that suggests a potential shift from a downtrend to an uptrend.

According to the chart, the cryptocurrency has formed this setup over the past two months, with the neckline sitting around the $10.30 resistance level. A breakout from the neckline could trigger a significant surge toward the $14 mark.

Analyst Lennaert affirmed that INJ “feels like an absolute steal” at its current range, as he considers that the cryptocurrency is likely not going lower than the 2023 key support at around $5.5.

The analyst suggested that if momentum flips to altcoins, INJ’s price “will be back at the highs in no time,” adding that it has “one of the strongest fundamentals of all projects out there.”

Related Reading

Notably, the project announced that “For the first time ever, all of the Magnificent 7 stocks are live on-chain via Injective” to “redefine Wall Street and finance forever.”

According to the May 6 statement, Apple’s APPL, Microsoft’s MSFT, Amazon’s AMZN, Nvidia’s NVDA, Meta’s META, Google’s GOOGL, and Tesla’s TSLA are now “fully tradable 24/7 through Injective’s iAsset framework and the decentralized exchange Helix.

As of this writing, INJ trades at $9.25, a 27.2% increase in the monthly timeframe.

Featured Image from Unsplash.com, Chart from TradingView.com

Former Goldman Sachs executive Raoul Pal believes that one Solana (SOL) competitor looks to be in a position for a massive breakout.

Pal tells his 1.1 million followers on the social media platform X that the Tom DeMark (TD) Sequential Indicator is flashing bullish for the layer-1 platform Sui (SUI).

Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their previous nine or 13 bars or candles.

He also suggests that SUI is on the verge of breaking out of a downward channel, a bearish pattern indicating that the asset is forming lower highs and lower lows.

“Sui: knock, knocking, knocking on heaven’s door.”

Other analysts are also suggesting SUI may be gearing up for an explosive move.

Pseudonymous trader Cheds says if SUI can break through its immediate resistance, it may start printing significant rallies.

“$2.50 overhead is a long trigger.”

Meanwhile, crypto trader Michaël van de Poppe tells his 783,900 followers on the social media platform X that Sui is gaining adoption as a decentralized finance (DeFi) network, including for Bitcoin (BTC) staking and lending, referred to as Bitcoin DeFi (BTCfi). He also suggests SUI is bouncing off a key support level on the three-day chart.

“Once the markets are turning back into an uptrend, the money will flow back into the ones that have shown strength. SUI is one of them. It’s a great spot to investigate SUI:

• BTCFi is quickly growing fast as 10% of TVL (Total Value Locked) going through SUI.
• DeFi on SUI is in the top six of all chains.
• Nearly $6 billion in trading volume on DeFi in the past month.

I think it can do really well in the upcoming cycle.”

Lastly, the financial giant VanEck predicted SUI will soar more than 358% from its current value.

“We believe the crypto bull market will persist through 2025, reaching its first peak in the first quarter. At the cycle’s apex, we project Bitcoin to be valued at around $180,000, with Ethereum (ETH) trading above $6,000. Other prominent projects, such as Solana and Sui, could exceed $500 and $10, respectively.”

SUI is trading for $2.18 at time of writing, up 4% in the last 24 hours.

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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.

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The Bitcoin price seems stuck in a consolidation range, ricocheting off the $83,000 and $86,000 levels over the past week. With no clear direction for the premier cryptocurrency, investors are left wondering what phase the market cycle is in—bullish or bearish.

According to a popular crypto analyst on the social media platform X, the Bitcoin price could be preparing for its next big move in either direction over the next few weeks. In any case, here are the important levels to watch out for in the next few days.

Crucial Levels To Watch For BTC’s Next Move

In an April 19 post on the X platform, crypto analyst Ali Martinez shared an interesting analysis of the Bitcoin price while highlighting the current layout of the world’s largest cryptocurrency by market cap. The online pundit noted that BTC bears and bulls are locked in a battle, leading to a choppy market condition.

Notably, the premier cryptocurrency appears to have entered the $83,000 – $86,000 range on Saturday, April 12. Hence, Martinez’s analysis basically revolves around the price of BTC bouncing off the support and resistance levels on its one-hour timeframe.

Source: @ali_charts on X

As shown in the chart above, the Bitcoin price attempted multiple times to breach the resistance zone around the $86,000 region over the past week. However, the bulls’ optimism was met with the staunch resilience of the Bitcoin bears, as the price of BTC almost always found its way back toward the $83,000 mark.

Most recently, the flagship cryptocurrency made its way toward the $86,000 level on Wednesday, April 16, but failed to break the significant resistance zone after the US Federal Reserve (Fed) chair Jerome Powell suggested that interest rate cuts might not be coming as early as anticipated by crypto traders.

Martinez noted in his post that the next significant move for the Bitcoin price depends primarily on the $83,000 and $86,000 levels. According to the crypto pundit, a breakout above the $86,000 mark could spell the start of a bullish run for Bitcoin, while a break below $83,000 could mean further correction for the market leader.

Bitcoin Price Overview

After reaching its all-time high of $108,786 in January 2025, the price of BTC has been on a steady decline in the past few months. According to data from CoinGecko, the flagship cryptocurrency has losst more than 22% of its value since hitting its record-high price.

As of this writing, the price of Bitcoin stands at around $84,530, reflecting a 0.3% decline in the past 24 hours. Meanwhile, the Bitcoin price is up by more than 1% on the weekly timeframe.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image from iStock, chart from TradingView

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As Trump’s 90-day “tariff war” pause revives risk-on sentiment, PI remains largely excluded from the “best crypto to buy” narrative, with market confidence still split

The policy shift did open the door to fresh liquidity, but that momentum faded fast. A sharp rise to $0.66 quickly retraced to $0.57 in a likely sell-the-news event.

With no clear fundamentals or upcoming catalysts to defend PI as a front-running altcoin, the viability of a new uptrend is shaky.

PI Price Analysis: Is PI Network Ready for a Comeback?

The altcoin is approaching a potential breakout from the descending channel that has guided its six-week-long decline.

After two failed breakout attempts and a false breakdown last week, buying pressure has proven too weak to sustain a convincing break.

The Relative Strength Index (RSI) is slowly rising after hitting the oversold threshold at 30—a sign of seller exhaustion—currently holding under 40.

The descending channel suggests potential highs around $1, offering a 70% gain from current levels.

However, the balance remains fragile. Without a solid foundation, Pi Network remains susceptible to further declines.

The broader Pi ecosystem continues to struggle with adoption. Its price action remains largely speculative, lacking a meaningful use case to sustain long-term growth.

Despite 86% approval in a recent community vote, Binance continues to withhold a listing—underscoring the lack of confidence in PI’s long-term viability.

A decline from current levels would put the $0.40 support at risk and open the door to all-time lows around the pattern lower support—a 40% drop from where it trades now.

One of Crypto’s Most Undervalued Projects Right Now

After a multi-month freefall across the altcoin market, presale investing has become a popular strategy—offering a hedge against downturns and a shot at above-average returns.

One project catching early attention is SUBBD ($SUBBD), an AI-powered content platform redefining a $85B industry by giving fans true access and creators better monetization tools.

Traditional creator-subscriber platforms often take hefty cuts—up to 20%—while giving users little agency over their communities.

SUBBD flips the script, cutting out the middleman and putting the power directly in creators’ hands—to great support with almost $150,000 raised in the first presale week.

These perks extend to fans in an access-driven ecosystem. Token-gated content, discounts, and early access allow supporters to engage with their favorites in a meaningful way.

You can keep up with SUBBD on X, Telegram, and Instagram, or join the presale on the SUBBD website.

The post Is Pi Network Gearing Up for a Comeback? Volume Surges 66% in 24 Hours  appeared first on Cryptonews.

• DOGE price started a fresh decline below the $0.1750 and $0.1720 levels.
• The price is trading above the $0.170 level and the 100-hourly simple moving average.
• There is a connecting bullish trend line forming with support at $0.1680 on the hourly chart of the DOGE/USD pair (data source from Kraken).
• The price could gain bullish momentum if it clears the $0.1750 and $0.1800 resistance levels.

Dogecoin Price Eyes Recovery

Dogecoin price started a fresh decline below the $0.1750 zone, like Bitcoin and Ethereum. DOGE dipped below the $0.1720 and $0.1700 support levels. It even spiked below $0.1650.

A low was formed at $0.1646 and the price is now attempting a strong comeback. There was a move above the $0.1680 level. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.1791 swing high to the $0.1646 low.

Dogecoin price is now trading above the $0.1680 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.1680 on the hourly chart of the DOGE/USD pair.

Immediate resistance on the upside is near the $0.1755 level or the 76.4% Fib retracement level of the downward move from the $0.1791 swing high to the $0.1646 low. The first major resistance for the bulls could be near the $0.1780 level.

The next major resistance is near the $0.1800 level. A close above the $0.1800 resistance might send the price toward the $0.1850 resistance. Any more gains might send the price toward the $0.2000 level. The next major stop for the bulls might be $0.2050.

More Losses In DOGE?

If DOGE’s price fails to climb above the $0.1755 level, it could start another decline. Initial support on the downside is near the $0.1720 level. The next major support is near the $0.1680 level.

The main support sits at $0.1650. If there is a downside break below the $0.1650 support, the price could decline further. In the stated case, the price might decline toward the $0.1620 level or even $0.1550 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.1680 and $0.1650.

Major Resistance Levels – $0.1755 and $0.1800.