Ethereum price started a downside correction from the $3,850 zone. ETH is now moving lower but might find bids near the $3,520 support zone.

• Ethereum started a downside correction below the $3,770 level.
• The price is trading below $3,680 and the 100-hourly Simple Moving Average.
• There is a key bearish trend line forming with resistance at $3,670 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it remains supported above the $3,550 zone in the near term.

Ethereum Price Holds Support

Ethereum price failed to extend gains above the $3,850 level and started a downside correction, like Bitcoin. ETH price traded below the $3,800 and $3,770 support levels.

There was a move below the 50% Fib retracement level of the upward move from the $3,480 swing low to the $3,859 high. The decline was such that the price even dived below the $3,660 level and the 100-hourly Simple Moving Average.

However, the bulls were active near the 76.4% Fib retracement level of the upward move from the $3,480 swing low to the $3,859 high. Ethereum price is now trading below $3,680 and the 100-hourly Simple Moving Average.

On the upside, the price could face resistance near the $3,670 level. There is also a key bearish trend line forming with resistance at $3,670 on the hourly chart of ETH/USD. The next key resistance is near the $3,770 level. The first major resistance is near the $3,800 level. A clear move above the $3,800 resistance might send the price toward the $3,850 resistance.

An upside break above the $3,850 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,200 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $3,670 resistance, it could start a downside correction. Initial support on the downside is near the $3,600 level. The first major support sits near the $3,570 zone.

A clear move below the $3,570 support might push the price toward the $3,520 support. Any more losses might send the price toward the $3,450 support level in the near term. The next key support sits at $3,320.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $3,520

Major Resistance Level – $3,670

Although the price has hovered optimistically close to the critical $100,000 barrier, stagnant blockchain activity metrics show certain vulnerabilities that could hinder further upside.

According to data from Checkonchain, daily on-chain transfer volume remains near the $10 billion mark, aligning almost perfectly with its 365-day mean. This is a clear indication that transactional demand remains tepid.

Sharp increases in on-chain throughput marked previous bullish phases, but the current scenario reflects minimal fresh transactional activity, effectively capping potential momentum.

Furthermore, Bitcoin’s mempool (the main indicator of transaction backlog and network demand) has been shallow, sustaining only about three to four blocks’ worth of pending transactions. This contrasts starkly with historical breakout periods, where the mempool swelled significantly amid heightened transactional urgency.

Active address metrics corroborate the lethargy seen in on-chain volume and transaction counts. In the past 30 days, daily active addresses averaged around 930,000, with recent fluctuations marking multi-month lows dipping occasionally below 800,000, a departure from the activity typically associated with bullish enthusiasm.

Without an uptick in new or returning user interactions, Bitcoin is increasingly dependent on existing holders to drive the market upward. This dependency often translates into weaker buying pressure, particularly at significant resistance levels where profit-taking from stale holders may dominate.

Bitcoin’s velocity, which shows the rate at which coins change hands, seems to compound these pressures. Data from CryptoQuant shows velocity remains stagnant around 13.0, showing that coins are moving through the Bitcoin ecosystem more slowly.

Moreover, the investor sentiment backdrop provides limited comfort. Although roughly 400,000 BTC recently transitioned into long-term holder (LTH) status in the past month, suggesting a tightening supply, this shift is double-edged. Historically, significant movements into LTH status coincide with phases of market inertia rather than explosive growth as investors brace for prolonged sideways movements.

Additionally, Bitcoin’s short-term holder (STH) cost-basis of $93,500 almost perfectly mirrors the current spot price, adding further technical and psychological weight. This price alignment amplifies the risk of forming a technical lower-high scenario on the weekly charts, particularly if bid support fails to materialize decisively in the next few weeks.

Exchange inflow data offers additional cautionary signals, averaging approximately 32,700 BTC daily over the last month. These numbers represent neither panic selling nor aggressive accumulation: they reflect a neutral and disinterested market.

This middle-ground sentiment most likely won’t provide sufficient fuel to propel Bitcoin past resistance clusters near $100,000, where approximately 15% of Bitcoin’s circulating supply currently resides in unrealized losses, ready to offload at break-even points.

Previous episodes of muted activity have typically led to market frustration, culminating in sudden downside corrections or extended periods of price stasis, both of which are demoralizing for bullish investors hoping for rapid ascents.

Bitcoin will likely escape this inertia when transfer volume, ETF turnover, and active addresses spike in tandem. Increased velocity and mempool depth, followed by increased movement in the derivatives market, would certainly bolster confidence.

Derivatives themselves have seen sharp spikes and drops in activity in the past month, indicating volatile speculative fervor, but weren’t enough to keep BTC above $95,000. But without all these signals materializing together, the likelihood increases that Bitcoin might succumb to a lower-high formation on the weekly chart that could push it back to as low as $86,000.

The current state of transactional inertia acts as a barrier to Bitcoin’s immediate upside potential. Unless significant on-chain activity resumes, the market’s aspirations of surpassing and sustaining Bitcoin’s price above $100,000 may remain out of reach in the short term.

The post Quiet mempool and flat volume could mean limited fuel for Bitcoin’s breakout above $100k appeared first on CryptoSlate.

April 30th, 2025 – Victoria, Seychelles

The exclusive wallets made their debut at the TOKEN2049 event, where attendees had the chance to receive them for free through on-site interactive activities.

This special edition wallet retains the advanced security features of the original Ledger Nano X, while incorporating custom BYDFi design elements, including visual branding and customized packaging. Symbolizing a deep collaboration on user asset protection and Web3 innovation, the wallet is equipped with a secure element chip, supports the offline storage of a wide range of digital assets, and defends against common forms of cyberattack—offering users an enhanced standard of self-custody.

Secure by Design: Ledger x BYDFi Hardware Wallet Makes Its Official Launch

The launch drew large crowds to the BYDFi booth at TOKEN2049, where many attendees successfully received the limited edition wallet by completing live interactions. Designed for secure self-custody, the Ledger x BYDFi wallet gives users full control over their private keys and assets, reducing reliance on centralized platforms and elevating personal asset sovereignty.

Michael, Co-founder of BYDFi, commented at the event:

“TOKEN2049 coincides with BYDFi’s fifth anniversary, making this a milestone moment for us. This collaboration with Ledger reflects our continued commitment to asset security. The limited edition wallet is designed especially for high-net-worth individuals who demand institutional-grade protection for their digital assets.”

Expanding Horizons: BYDFi’s Vision for Global Growth and Market Leadership

In addition to the co-branded wallet, BYDFi showcased its on-chain trading solution, MoonX, at the event. As a flagship product of BYDFi’s “CEX + DEX” dual-engine strategy, MoonX merges the transparency of on-chain execution with the high-speed performance of centralized systems—delivering an ultra-smooth, seamless trading experience tailored to the rising demands of DeFi users.

The launch of MoonX not only expands the boundaries of BYDFi’s trading ecosystem, but also promotes greater diversity in trading methods and empowers users with more choice and flexibility.

Looking ahead, BYDFi will continue to strengthen collaborations with global partners and infrastructure providers, accelerating the deployment of innovative products and further solidifying its global service capabilities.

About Ledger Nano X

The Ledger Nano X is a hardware wallet certified by independent security labs. It features a tamper-proof secure element chip that safely stores users’ private keys. Any unauthorized access attempts trigger a self-destruct mechanism, ensuring maximum protection. Additional features include PIN protection, a 24-word recovery phrase, encrypted Bluetooth connectivity, and hidden wallets accessible via separate PINs—delivering comprehensive security for crypto asset holders.

 More info: https://www.ledger.com

About BYDFi

Founded in 2020, BYDFi has been recognized by Forbes as one of the world’s top 10 crypto exchanges, is officially listed on CoinMarketCap and CoinGecko, and holds MSB licenses in multiple jurisdictions. It is also a member of South Korea’s CODE VASP Alliance.

Today, BYDFi serves users in 190+ countries, with a global user base exceeding 1,000,000. The platform supports spot, perpetual, and on-chain trading, enabling access to over 600 cryptocurrencies and 500,000+ memecoin pairs. BYDFi is committed to delivering a world-class crypto trading experience. BUIDL Your Dream Finance.

• Website: https://www.bydfi.com
• Support Email: cs@bydfi.com
• Business Partnerships: bd@bydfi.com
• Media Inquiries: media@bydfi.com

Twitter( X )| LinkedIn| Facebook | Telegram| YouTube

Contact

Senior Marketing Director
Chloe
BYDFi Fintech LTD
chloe@bydfi.com

Only 149 Memberships Left—Lifetime Access to Luxury  Experiences

London, November 28, 2024—Drunken Monkey Members Club, a personalized VIP concierge service, is shaking up the luxury scene by offering exclusive access to the most sought-after events and premium services through innovative NFT memberships. With just 149 memberships remaining in its current phase, it’s a rare chance to join an elite community that’s embracing the future of luxury experiences.

To give potential members a clearer picture of what NFT ownership offers, the club is also hosting a webinar on December 8th to explore how these memberships stack up against traditional concierge services and other NFTs out there.

Transforming Access to Rare Events

In 2024, Drunken Monkey Members Club facilitated members’ attendance at high-profile events such as the Oasis reunion, Anthony Joshua’s fight, the Monaco Grand Prix, and the Wimbledon Finals—events notoriously difficult to access. The club specializes in overcoming barriers, ensuring members obtain what they want when they want it.

Now, Lifetime Digital Concierge Memberships are currently available for a limited time at $3,995, significantly reduced from the standard price of $9,995. This exclusive offer is part of the current phase of memberships being dropped, allowing buyers to own a Web3 asset that delivers more than just digital value.

Interested individuals can apply to secure their membership in this round before it closes.

Innovative NFT Membership Model

Drunken Monkey Members Club stands out by utilizing NFTs as a one-time investment for lifetime membership access. Unlike traditional concierge services that require ongoing fees, the NFT membership offers a tradable asset that may appreciate in value over time, providing both access and investment potential.

Upcoming Informational Webinar

To provide deeper insights into the membership benefits and the innovative use of NFTs, the founder of Drunken Monkey Members Club will host a live webinar. The session will cover:

• The real-world value of NFTs beyond digital ownership.

• VIP bookings and exclusive events at unbeatable costs.

• How Drunken Monkey stacks up against Quintessentially and others.

• The benefits of a one-time fee over recurring memberships.

Webinar Details:

• Date: Tuesday, Dec 10

• Time: 8:00 PM – 9:00 PM GMT

• Registration: You can register for the event here

This webinar is a valuable opportunity for those interested in NFTs or seeking to understand the unique offerings of the Drunken Monkey Members Club.

With only 149 memberships left, this is an opportunity to join a community that offers unparalleled access to the most sought-after events and services, all through a tech-forward platform.

About Drunken Monkey Members Club

Drunken Monkey Members Club is a pioneering luxury service provider that merges exclusive access to high-demand events, top restaurants, bespoke travel, and private member clubs. By offering lifetime memberships through NFTs, the club eliminates ongoing fees and sets a new standard in VIP experiences and concierge services.

To learn more about Drunken Monkey Members Club, visit: website | X | Discord | Telegram

If you’ve ever experienced the thrill of playing classic Atari games—or if you’re simply curious about how Web3 is redefining collectibles—you’re in for a treat. Atari has teamed up with a new blockchain-powered marketplace called DYLI to release 500 limited-edition physical patch packs, each linked to a redeemable NFT. In this article, we’ll explore the fascinating story behind Atari’s shift into blockchain, explain how these special patches work, and help you decide if they’re worth adding to your collection.

Why Atari’s Latest Blockchain Venture Matters

Picture yourself back in the 1980s, grinning ear to ear as you slam a joystick back and forth, trying to set a new record in Asteroids or Breakout. Atari was king of the arcade, and the brand came to symbolize a golden era of gaming. Decades later, Atari is making waves again—but not with a new console. Instead, it’s harnessing blockchain technology to keep its retro charm alive while embracing the future of digital ownership.

In this guide, you’ll learn why Atari’s collaboration with DYLI stands out among the latest Web3 projects. We’ll go step-by-step through everything you need to know—from how blockchain can ensure authenticity of collectibles to the thrill of unboxing a physical patch that could be signed by Atari founder Nolan Bushnell himself.

Atari’s Web3 Evolution

Atari didn’t jump into blockchain overnight. In fact, the company first tested the waters in 2018 by introducing a cryptocurrency called ATRI. While ATRI faced its share of bumps in the road, it showcased Atari’s willingness to explore new technology. By 2022, Atari had consolidated its Web3 initiatives under something called Atari X, an umbrella project that manages the company’s crypto and NFT experiments.

Since then, Atari has collaborated with well-known industry players such as Coinbase, Enjin, and The Sandbox to bring beloved games like Asteroids and Breakout onto blockchain platforms. Though Atari encountered a few hurdles along the way—like early regulatory challenges with ATRI—the brand showed impressive resilience, continuing to innovate even when things got tough.

Key Milestones

• 2018: Launch of the ATRI token, marking Atari’s first big move into crypto.

• 2022: Unveiling of Atari X, a unifying hub for the company’s NFT and blockchain efforts.

• Partnerships: Building NFT experiences with Enjin and bringing classic games to Coinbase’s Layer-2 blockchain, Base.

• OnChain Arcade: A program that turns retro Atari games into interactive blockchain experiences with features like NFT leaderboards.

These accomplishments set the stage for the latest collaboration between Atari and DYLI—a limited-edition patch pack drop that blends physical merchandise with blockchain-based authenticity.

What Is DYLI (Do You Like It?)

DYLI is an emerging social e-commerce platform built to make collecting and trading items in both the physical and digital realms more user-friendly. The name stands for “Do You Like It?,” reflecting the platform’s goal of making NFTs more approachable and fun for everyone. DYLI accomplishes this by hosting unique “drops” that combine nostalgia, pop culture, and blockchain technology into a single experience.

DYLI is powered by Abstract Chain, an upcoming Layer-2 (L2) solution on Ethereum. If you’re new to blockchain terms, think of a Layer-2 as a network built on top of Ethereum that speeds up transactions and reduces fees. That means when you buy or sell something on DYLI, you won’t have to pay hefty gas fees or deal with sluggish transaction times. Instead, Abstract Chain handles these transactions off Ethereum’s main network and then finalizes them efficiently on the main chain.

One of the major goals of DYLI is user-friendly NFT adoption. Traditional NFT platforms can be overwhelming, especially for someone just dipping their toes into crypto. DYLI streamlines this process by integrating a built-in wallet (powered by a service called Privy) and covering gas fees for its users. This makes it much easier for newbies to buy and trade collectibles without having to mess with multiple wallet setups or complicated payment processes.

Inside the Limited-Edition Patch Packs

There are 500 patch packs available, each costing $15. Inside each pack, you’ll discover:

• One of Seven Brand-New Atari Patches: Fresh designs that pay tribute to Atari’s gaming roots while blending modern flair.

• Rare Vintage Patches from the 1980s: Some packs contain a genuine piece of Atari history.

• Bonus Surprises: A few special packs come with stickers, gift cards, or other hidden treats.

• The Holy Grail (Signed Patch): One lucky buyer will find a patch signed by Nolan Bushnell, the founder of Atari.

It’s a bit like opening a blind box or a booster pack of trading cards—you won’t know exactly which design or extras you’ll get until you purchase it (and redeem the physical version).

Each pack costs $15, which is reasonable in the NFT market where prices can reach the thousands. There is a limited run of 500 packs, meaning that if demand exceeds supply, scarcity could drive their value up in the secondary market.

Once you buy a patch pack NFT on DYLI, you can hold it in your DYLI wallet indefinitely or even flip it on DYLI’s secondary marketplace if you think the hype will grow. But the real thrill comes from redeeming it physically. When you do, that’s when you discover if you landed a brand-new patch design or one of the vintage gems. Bonus items, like gift cards or the super-rare signed patch, remain hidden until you open the real-world package.

How DYLI Redeemable NFTs Work

A redeemable NFT is like a digital ticket that represents a real-world item. When you purchase your patch pack on DYLI, you receive an NFT that proves you’re the owner of that specific physical pack. You can keep that NFT, trade it with others on the marketplace, or eventually exchange it for the actual patch you can hold in your hands.

One of the biggest barriers for newcomers to NFTs is dealing with “gas fees.” These fees are the costs paid to blockchain miners or validators for processing transactions. DYLI solves this by covering all transaction fees on Abstract Chain. Think of it like going to a store where the merchant pays for shipping. You get your item without any hidden costs.

This approach is powered by something called “native paymasters,” which automatically pay for your transactions on the network. The result? You can focus on enjoying collectibles instead of worrying about how much each click on the blockchain will cost.

Collectors love scarcity and exclusivity. Because these patch packs are limited to 500 units, they could become hot commodities, especially once people start opening them and revealing which patches they got. The fact that you can trade the unopened NFT means it retains a sense of mystery—like a sealed pack of rare trading cards—and that can drive up demand.

Atari’s Broader Strategy

This patch pack release is just one part of Atari’s broader plan to bridge nostalgia with modern blockchain technology. Under the Atari X program, the company has been rolling out ideas that breathe new life into classic games. For instance, Asteroids and Breakout got an upgrade on Coinbase’s Layer-2 network, Base, complete with NFT-based leaderboards and prizes. It’s a clever way to engage both hardcore retro gamers and new fans eager to collect digital rewards.

Atari isn’t the only big name exploring Web3. Sega has partnered with Oasys to bring titles like Sangokushi Taisen onto the blockchain, and Ubisoft is launching its own blockchain-based game, Champions Tactics: Grimoria Chronicles. But Atari is doing something different. Instead of just focusing on games, it’s going after the whole NFT spectrum—from digital game assets to physical collectibles that link back to the chain.

Step-by-Step Guide: How to Secure Your Atari x DYLI Patch Pack

Ready to get one for yourself? Here’s how:

Pre-Launch Registration

1. Go to DYLI’s Website: Look for the Atari patch pack promo or sign up link.

2. Create an Account: DYLI will ask you to sign up with your email or social media.

3. Set Up Your DYLI Wallet: A wallet is like your personal storage space on the blockchain. Don’t worry—DYLI’s built-in wallet makes this easy. No prior crypto experience is needed.

Wallet Setup

• Powered by Privy: This wallet service specializes in making blockchain use simple and secure.

• Compatible With USDC: USDC is a type of stablecoin pegged to the U.S. dollar, so you won’t have to guess how much your crypto is worth.

• Gas-Free Convenience: Because DYLI covers transaction fees, you won’t need to keep Ether (ETH) or any other token in your wallet to cover gas costs.

Purchase & Redemption

1. Buy the Patch Pack: Each pack costs $15. You’ll see a “Buy” button once the drop goes live.

2. Receive Your NFT: Instantly, you’ll get a redeemable NFT in your wallet showing that you own one of the 500 packs.

3. Hold or Trade: You can keep your NFT sealed, or you can head over to DYLI’s secondary marketplace to sell or trade it with other collectors.

4. Redeem Physically: When you’re ready, hit “Redeem.” DYLI will prompt you for a shipping address, and they’ll send the physical patch pack to your door.

5. Open and Enjoy: Here’s the best part—unboxing your patch pack to see which design you got, whether you scored bonus items, and if you found that elusive Nolan Bushnell signed patch.

The Future of Physical-Digital Collectibles

Physical items that are tied to NFTs solve a major authenticity problem. For decades, collectors have worried about counterfeits—from fake baseball cards to knockoff sneakers. But with an NFT, it’s easy to verify who the original owner was, when it was sold, and how many copies exist.

This “digital deed of ownership” could transform how we buy and sell collectibles. Imagine verifying the authenticity of a vintage console or a rare comic book with just a few clicks on the blockchain. Atari’s patch packs are a small but important step in this direction.

If this patch pack sale is successful, it could spark a trend for other gaming and retail brands. Major companies might start releasing limited-edition sneakers, art prints, or action figures that come with blockchain certificates of authenticity. This could encourage mainstream adoption of Web3 tools and provide more transparent, trustless marketplaces for all kinds of merchandise.

• Tyler Drewitz (Atari): “Web3 is the future of gaming and technology. We’re blending legacy with modern solutions to push boundaries.”

• Alex Needelman (DYLI Founder): “Partner drops will help onboard the next million users into Web3. We want to make NFT collecting as simple and exciting as grabbing a limited-run product from your favorite online store.”

A quick scan of Twitter (now called X), Discord and Reddit shows a lot of excitement around the patch packs. Fans are sharing which designs they want to see, speculating on resale value and sharing their hype to own a piece of Atari history.

Collecting Nostalgia in a Web3 World

If you’re an Atari fan, a blockchain enthusiast or just someone who loves exclusive merch, these limited edition patch packs are a new mix of nostalgia and innovation. For collectors who like physical items but also see value in verifiable digital ownership. The Atari x DYLI partnership shows how we’re thinking about collectibles: no longer just physical objects but experiences that can live on your shelf and on the blockchain.

Whether you want to wear it on your denim jacket or stash it away as an investment, this is your chance to get in on the ground floor of memorabilia. As Atari continues to explore Web3, we’ll see even more retro gaming innovation for old school fans and newbies alike. So, what are you waiting for? Level up your collection.

Frequently Asked Questions (FAQ)

1. What makes these patch packs different from regular Atari merchandise?

These patches are tied to redeemable NFTs, which provide a secure, verifiable digital ownership record. Plus, each pack carries a bit of mystery—you won’t know which patch design you get until you redeem it physically.

2. How do I trade or sell my patch pack NFT?

You can use DYLI’s secondary marketplace. Your unopened patch pack NFT can be listed for sale or traded at any point before you redeem it for the physical version.

3. Is there a time limit to redeem the physical patch?

No official time limit has been announced. However, it’s wise to redeem sooner rather than later to ensure you receive your patch without any unexpected delays.

4. Is this Atari’s first NFT collaboration?

No. Atari has been experimenting with NFTs and crypto since 2018, with projects like the ATRI token and OnChain Arcade. However, the patch packs bring a new twist by merging physical items with blockchain verification.

5. What is Abstract Chain and why is it relevant?

Abstract Chain is a Layer-2 scaling network for Ethereum. It processes transactions faster and at lower cost, allowing DYLI to provide gas-free purchases and redemptions for users. This technology helps make NFT collecting more accessible to everyone.

Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by Owen Skelton.