Pi Network price rebounds at Golden Pocket, why $0.29 is back in sight
Last updated on October 28, 2025.
This Article Was First Published on The Bit Journal.
The Altcoins ETFs is set to launch this Tuesday, marking a significant moment in crypto investing. According to the source, U.S. exchanges have posted listing notices for spot funds tied to these three tokens.
This move allows everyday investors to gain exposure to Solana, Litecoin, and Hedera without owning the coins directly, opening a new access point in regulated finance.
Exchanges such as the New York Stock Exchange (NYSE) and NASDAQ Stock Market have posted official listing notices for the Altcoins ETFs suite. Specifically:
Current prices at time of writing: Solana (SOL) ~ $199.64, Litecoin (LTC) ~ $100.55, Hedera (HBAR) ~ $0.21. These values reflect the market’s anticipation of the debut of the Solana, Litecoin, and Hedera ETF.


The Altcoins ETFs may provide several benefits:
Beyond Bitcoin and Ethereum, these altcoin-linked ETFs widen the field. The Solana, Litecoin, and Hedera ETF positions altcoins in a regulated vehicle format for the first time in the U.S..
The regulatory path for the Altcoins ETFs aligns with evolving U.S. rules. The U.S. Securities and Exchange Commission (SEC) has dropped delay notices and adopted generic listing standards for spot crypto ETFs, which helped clear the way for this launch. Lower procedural hurdles contribute to the Solana, Litecoin, and Hedera ETF coming into view.
Still, risks remain: trading volumes are unknown, token volatility persists, and early investors will observe how the funds perform once trading begins.
With the Altcoins ETFs about to trade, key indicators include:
The Altcoins ETFs represents a bridge between traditional finance and altcoins. Investors can now access SOL, LTC, and HBAR via regulated channels rather than buying tokens directly. Provided launch conditions hold, these funds could open the door for further crypto ETF innovations.
As trading starts, the performance of the Solana, Litecoin, and Hedera ETF will test how far the market can move beyond Bitcoin.
It is a set of ETFs offering exposure to Solana (SOL), Litecoin (LTC), and Hedera (HBAR) via regulated U.S. exchange-traded products.
The listing notices indicate trading will start this week, as early as Tuesday.
It opens regulated access to altcoins beyond Bitcoin and Ethereum through the crypto ETF format.
Yes, the Solana component is expected to include staking features within the ETF structure.
Read More: Solana, Litecoin, and Hedera ETFs to Begin Trading This Week">Solana, Litecoin, and Hedera ETFs to Begin Trading This Week


Crypto analyst CryptosRus has drawn attention to the open interest reset for XRP. The analyst also explained why this development could spark a major price surge for the altcoin.
In an X post, CryptosRus revealed that XRP’s open interest on Binance has dropped back to the same lows that were seen in May 2025. The analyst noted that back then, the liquidation flush sparked a massive rally for the altcoin, which pushed it to $3.50. He added that this time around, the open interest is at the floor again, but the price is holding around $2.6.
CryptosRus stated that this means that leverage is gone while the strong hands are still holding XRP. The analyst predicted that if new liquidity enters, this setup could signal the next leg up for the altcoin. He added that rallies usually start when leverage is low, spot demand is strong, and shorts are trapped.
Notably, XRP has witnessed new demand with the launch of the largest XRP treasury company, Evernorth. The company has already accumulated up to $1 billion in XRP with Ripple’s backing and has revealed plans to continue accumulating more, using gains from its DeFi activities. Notably, the company stated that it will purchase XRP on the open market, which is expected to impact the altcoin’s price.
Meanwhile, the SEC is expected to approve the spot XRP ETFs once the U.S. government shutdown ends. This could drive new liquidity into the altcoin, boosting its price. Moreover, experts such as Canary Capital’s CEO Steven McClurg have predicted that the XRP ETFs could see more inflows in their first month than the Ethereum ETFs did.
Crypto analyst Ether stated that XRP is quietly gearing up to melt faces and that most aren’t even aware or ready for what is coming. This came as the analyst alluded to an earlier analysis, in which he revealed that a similar scenario from a previous cycle was playing out for the altcoin.
Ethere stated that XRP’s cyclical structure is showing a striking similarity again. After the altcoin’s rally in 2017, its price was rejected from the 2013 all-time high (ATH) level and then retested the 2014 ATH level, which had previously acted as resistance. XRP then began its parabolic run after it accumulated strength in that range.
Now, this same XRP price action is playing out again, according to Ether. He noted that after the strong surge in 2024, the altcoin’s price was rejected at the 2017 ATH level and retested the 2021 ATH level, which had previously acted as resistance. The analyst added that the power accumulation phase is now underway in this region and that once it is complete, the next parabolic run will be inevitable.
At the time of writing, the XRP price is trading at around $2.63, up in the last 24 hours, according to data from CoinMarketCap.

According to market snapshots, Zcash rose about 30% in a 24-hour span, moving from roughly $272 to a peak near $355. The coin has been up more than 40% in the last week.
The token’s gain outpaced all other top 50 coins by market cap during the same window. Volume spiked at the same time, showing traders piled in quickly after a single social post touched off the move.
Based on reports on social media, the rally was partly driven by traders reacting to a bullish post from Arthur Hayes on X.
Contributors on platforms like Binance Square flagged the post, and one user known as AB Kuai Dong said an endorsement by what he called a “legendary Silicon Valley investor” pushed people into the market.
Vibe check $ZEC to $10k pic.twitter.com/tBc0WaxzZ1
— Arthur Hayes (@CryptoHayes) October 26, 2025
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Another poster, Clemente, who is listed as a board member at treasury firm K9Strategy, said they joined the trade because they felt “so much FOMO I couldn’t keep myself sidelined.” These bursts of hype pushed more orders onto the books and helped lift the price in a short time.
Hayes has prompted market moves before. At a Tokyo conference in August 2025, he predicted Hyperliquid’s HYPE token could climb 126 times over three years.
That call produced a modest market response then — roughly a 5% uptick for HYPE — but it showed how a single forecast from a well-known figure can sway trader behavior.
Market participants say such calls sometimes lead to brief spikes and sometimes to longer trends. Follow-through, depth of liquidity, and general demand all matter.
Reports have disclosed that Zcash rallied close to 500% over the last 30 days and crossed a $5 billion market cap on Sunday, according to CoinMarketCap data.
At the same time, Monero, the largest privacy coin by market cap, ticked up about 3.2% to trade near $345 and remains restricted on many big exchanges, highlighting differences in access and regulatory pressure.
According to a recent Zcash price outlook, ZEC is forecast to rise about 52% and reach $558 by November 26, 2025. Current technical indicators are flagged Bullish, while the Fear & Greed Index sat at 51, a neutral reading.
Over the past 30 days Zcash posted 19/30 green days, which is 63%, and showed 37% price volatility. Those numbers point to strong recent momentum but also to a bumpy ride. Some gains may hold if new buyers arrive and liquidity tightens; other gains could fade quickly if selling pressure appears.
Based on reports and the data above, the Zcash move highlights how social signals can trigger rapid trading flows. The numbers are eye-catching. Still, traders and observers will be watching whether demand deepens or the rally is a short-lived reaction to hype.
Featured image from Gemini, chart from TradingView

Ethereum’s largest non-exchange holders are tiptoeing back into accumulation. On-chain analytics platform Santiment reported that wallets holding between 100 and 10,000 ETH, also known as whales and sharks, have begun to rebuild positions after unloading roughly 1.36 million ETH between October 5 and 16.
Notably, the Ethereum collective holdings chart shows that nearly one-sixth of those coins have already been clawed back, as some confidence starts to return to the second-largest crypto asset.
The first half of October was highlighted by one of Ethereum’s most pronounced periods of capitulation this year. Macroeconomic fears due to US tariffs saw the Bitcoin price undergo a flash crash that dragged many altcoins to the downside. During this move, Ethereum’s price also fell very quickly, dropping from highs around $4,740 on October 7 to as low as $3,680 on October 11.
Interestingly, on-chain data shows that the selling pressure from large holders amplified this move, as the chart from Santiment shows a steep decline in their cumulative holdings from about 24.5 million ETH to roughly 22.6 million ETH. This 1.9 million ETH drop reflected clear risk-off behavior among whales and sharks, who had been net buyers since August.
However, once selling momentum began to fade, accumulation started to return. Institutional inflows started to return into Spot Ethereum ETFs, and whale/shark trades started accumulating Ethereum. Since October 16, the same cohort that contributed to the liquidation has begun adding back to their positions. Santiment noted that these holders are finally showing some signs of confidence, demonstrating an incoming extended recovery phase following the shakeout.
According to Santiment’s data, the collective holdings of addresses with 100 to 10,000 ETH have rebounded to approximately 23.05 million ETH after bottoming out in mid-October. A highlighted annotation on the chart shows that 218,470 ETH were accumulated in just the past week, signaling a tangible shift in on-chain behavior.
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Ethereum collective holdings of wallets holding 100-10,000 ETH. Source: Santiment
This increase represents roughly one-sixth of the coins previously dumped, a sign that major investors are gradually re-entering the market after what appeared to be an exhaustion phase. Similar accumulation trends have often preceded a broader recovery in Ethereum’s price, especially when accompanied by stabilization in the ETH/BTC trading pair.
As it stands, the Ethereum price appears to be building a firmer base for the next phase of its recovery heading into November. When whale wallets accumulate, it reduces the circulating supply available on exchanges and reduces selling pressure.
At the time of writing, Ethereum is trading at $3,940 and is on track to break and close above $4,000 again. Both Ethereum and Bitcoin have risen a bit in recent days after inflation report showed US inflation cooling to 3% in September, below the 3.1% forecasted by economists.
Featured image from Unsplash, chart from TradingView

Dogecoin’s higher-time-frame structure is starting to look constructive again. In a technical analysis posted on X, crypto analyst EtherNasyonaL noted that Dogecoin’s market cap has completed a build, and momentum is ready, pointing to a cup-and-handle breakout retest breakout on the monthly market-cap chart.
The chart he shared shows Dogecoin’s market cap hovering just under $30 billion, riding above its 25-month moving average with a gentle series of higher lows that has been developing since the 2022 bear market base.
The chart shared by EtherNasyonaL looks at a cup-and-handle structure that has been developing on Dogecoin’s market cap chart for several years. The cup portion stretches across 2022 and 2023, a long and gradual recovery phase following Dogecoin’s blow-off peak in the 2021 bull market.
The handle is a narrowing consolidation under a descending resistance trendline that capped every attempt at recovery throughout the 2022/2023 bear market. Eventually, that resistance line was broken with a clean upward move in late 2024, confirming the first official breakout from the multi-year downtrend.
However, what makes this setup interesting is the successful retest of that same resistance line, now turned into support, where price action briefly dipped before bouncing again. This retest occurred mid-October, when the Dogecoin crashed to $0.15 very briefly.
The retest confirmed the breakout’s legitimacy, showing that Dogecoin traders defended the new support zone rather than allowing another breakdown. This kind of retest is known in technical analysis to lead to large directional moves, especially on higher timeframes where fewer false signals occur. EtherNasyonaL’s chart implies that Dogecoin has completed its build phase that lays the foundation for the next upward leg in its market cap.
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Dogecoin Market Cap. Source: @EtherNasyonaL on X
Another important element of EtherNasyonaL’s analysis lies in the consistent pattern of higher lows visible on the chart. Dogecoin’s market cap has formed a rising base since mid-2023, where each correction has ended above the previous one.
Equally important is the 25-month moving average (MA25) that runs beneath the candles. This indicator has acted as a dynamic support level for much of Dogecoin’s higher-time-frame structure. EtherNasyonaL noted this indicator’s role as the trend backbone by pointing out that this support has “continued to hold the price.”
As it stands, Dogecoin is now trading well above this moving average. As long as the market cap remains above it, Dogecoin’s structure will continue to maintain its bullish integrity. Should momentum continue to build as the MACD line turns upward, as the chart suggests, the conditions could align for Dogecoin’s next expansion phase. The next expansion phase could take Dogecoin’s market cap above $100 billion, as projected in the chart above.
At the time of writing, Dogecoin is trading at $0.20, with a market cap of $29.82 billion.
Featured image from Unsplash, chart from TradingView

Crypto influencer Coach JV has reiterated his long-term faith in XRP and other digital assets, saying the current moment marks “the greatest shift in humanity.”
According to his post on X, he updated a ranked list of his top holdings and urged patience, arguing that the next five years will reshape how money moves and how families hold wealth.
His current ranking places XRP first, followed by Bitcoin, Solana (SOL), Stellar (XLM), WLFI, Hedera (HBAR), and VeChain (VET). He said he favors assets with real-world use and lasting value over quick trades.
Reports have disclosed that WLFI — the token tied to the Trump family’s World Liberty Financial — has not rallied since its September launch and is down about 71% from its peak on September 1.
Still, Coach JV wrote that WLFI is “making moves up [his] ranking,” signaling increased confidence in the token despite its recent drop.
My top holding have adjusted a bit. In order (just my journey do you)
XRP BITCOIN SOL XLM WLFI (making moves up my ranking) HBAR VET
This is the greatest shift in humanity.
Looking forward to coming back to this in 2030.
— Coach, JV (@Coachjv_) October 24, 2025
Coach JV argued that XRP’s fixed supply, speed, and scalability make it useful for cross-border payments. He has described XRP and Bitcoin as stores of family wealth.
He told followers that fiat currency loses buying power over time and that crypto can help preserve purchasing power across generations.
Coach JV also predicted that by 2030 he will look back and see early conviction rewarded. He went further, saying he expects XRP to surpass Bitcoin and Ethereum to become the top cryptocurrency by 2030 and that Ripple could act like a future bank.
Meanwhile, reports have highlighted renewed optimism in the XRP community after pro-XRP engineer Vincent Van Code posted that “we might see some big announcements in favor of XRP.”
Van Code suggested such news could come as soon as the US government reopens. Concerns over regulatory delays have been raised elsewhere; several observers say a temporary US shutdown slowed progress on approvals for an XRP exchange-traded fund and other regulatory milestones. Those delays are often cited as reasons why some market-moving updates remain pending.
Boy wait til the government reopens again soon. We might see some big announcements in favor of XRP.
— Vincent Van Code (@vincent_vancode) October 24, 2025
Market figures underline that conviction does not equal short-term gains. WLFI’s fall of about 71% from its peak on September 1 is a sharp example. Price moves like that were recorded after the token’s September debut.
Investors quoted in social posts have pushed back, reminding followers that publicity and social confidence do not guarantee future returns.
Outlook And AdviceAccording to Coach JV, patience is central: he told his audience to think in decades, not days, and wrote, “Looking forward to coming back to this in 2030.”
That view is shared by some supporters, while others urge caution and point to clear losses in tokens like WLFI as reasons to manage risk.
For now, Coach JV’s stance is public and firm, and it has sparked renewed debate about what role XRP and related projects will play in mainstream finance over the coming years.
Featured image from Unsplash, chart from TradingView

Crypto analyst Hov has stated that the macro target for the Dogecoin price remains unchanged despite the recent crypto market crash. This comes as DOGE looks to reclaim the psychological $0.2 level, which could spark a significant rebound for the meme coin.
In an X post, the crypto analyst stated that he still has the same macro target for the Dogecoin price. His accompanying chart showed DOGE could rally to $3 by next year, which would mark a new all-time high (ATH) for the altcoin. However, there is the possibility that the meme coin could keep trading sideways till the end of the year.
Meanwhile, Hov noted that the Dogecoin price action had played out as expected, with DOGE correcting off the low and crashing by over 50%. He added that the move did not quite make it into the lower support level, but that so far, the move off the low looks pretty corrective. The meme coin had crashed from a high of around $0.30 last month, recently touching $0.11 amid the crash that followed Trump’s announcement of 100% tariffs on China.
Hov also stated that the focus will be on how the Dogecoin price action develops over the next week to see whether the C-wave corrective move is in. DOGE is currently looking to rebound and reclaim the psychological $0.2 level. This has been sparked by optimism regarding a potential trade deal between the U.S. and China.
The White House has confirmed that U.S. President Donald Trump will meet China’s President Xi Jinping on October 30 at the APEC Summit. Meanwhile, the September CPI, which dropped yesterday, came in lower than expectations, which also contributed to a bounce in the Dogecoin price.
Crypto analyst Ether revealed in an X post that the 3rd bull wave is on the horizon for the Dogecoin price. He noted that DOGE experienced two major bull waves in 2017 and 2021 and that another bull wave is now loading. The analyst broke down the current price action, which points to another bull wave.
Ether revealed that the long downtrend has been broken, with the retest now complete. He further remarked that the 25MA on the higher time frame is back at support. Meanwhile, the Dogecoin price is said to be gathering strength in the lower band of a years-long ascending channel. The analyst added that all technical indicators are “whispering” the start of a new cycle. As such, he believes the 3rd bull wave is a matter of when, not if.
At the time of writing, the Dogecoin price is trading at around $0.19, up in the last 24 hours, according to data from CoinMarketCap.

Ripple has finished its $1.25 billion purchase of Hidden Road and rebranded the firm as Ripple Prime, company leaders confirmed. According to executive remarks, the deal makes Ripple the first crypto company to own and run a global, multi-asset prime broker.
Ripple President Monica Long said on X that the “future ahead is mighty bright,” and reports show the company is already moving to use XRP in new ways inside the prime brokerage business.
Based on reports, Ripple Prime began life on Hidden Road’s backbone, a platform known for fast growth among non-bank prime brokers. Since Ripple announced the acquisition in April, business at the unit has tripled in size.
Ripple Prime will offer services such as clearing, financing, and prime brokerage across asset classes, including FX, derivatives, swaps, and digital assets. Hidden Road’s founder, Marc Asch, will remain involved and work with CEO Brad Garlinghouse and other leaders as integration continues.
The opportunities now available to Ripple Prime (fka Hidden Road) are expansive. With $RLUSD already being used as collateral for a number of prime brokerage products, and Ripple Prime looking at a variety of ways to utilize XRP, the future ahead is mighty bright. https://t.co/YFSUQlyeOO
— Monica Long (@MonicaLongSF) October 24, 2025
RLUSD, Ripple’s institutional stablecoin, is already being used as collateral across several prime brokerage products. According to company statements, some derivatives clients have chosen to hold balances in RLUSD rather than other currencies.
Reports also note that BNY Mellon acts as the primary reserve custodian for RLUSD. Blockchain analytics firm Bluechip gave RLUSD an A rating for stability, governance, and asset backing, a ranking Ripple cites as evidence of institutional trust.
Ripple has completed five major acquisitions in roughly two years, adding Metaco, Standard Custody, Rail, and GTreasury to its growing list of companies now working under its umbrella.
The moves aim to expand custody, payments, liquidity, and treasury capabilities. Based on company comments, Ripple sees these buys as steps toward offering institutions a broader set of services tied to digital assets and traditional markets.
Prime Brokerage Ambitions GrowRipple has said it will use blockchain tools to streamline operations at Ripple Prime and reduce costs. According to executive remarks, the plan is to mesh payments, custody solutions, and stablecoin utility with prime brokerage functions to increase adoption among institutional clients.
What This Means For XRPWith today’s close of Hidden Road (now Ripple Prime), Ripple has announced 5 major acquisitions in ~2 years (GTreasury last week, Rail in August, Standard Custody in 2024, Metaco in 2023). As we continue to build solutions towards enabling an Internet of Value – I’m reminding you… https://t.co/O5Uub7ulw9
— Brad Garlinghouse (@bgarlinghouse) October 24, 2025
Monica Long’s upbeat message came with concrete moves rather than just words. Reports show Ripple Prime’s expansion and RLUSD’s institutional traction could make XRP more useful to banks and asset managers.
Ripple CEO Brad Garlinghouse has repeatedly emphasized the company’s commitment to XRP, and Ripple’s latest steps put the token inside a wider set of services aimed at professional users.
XRP Price UpdateAnalysts and market watchers will be watching how quickly institutions adopt these new tools and whether XRP finds a steady, functional place in that ecosystem.
XRP has been moving quietly within a tight range lately, holding between $2.30 and $2.50. The broader crypto market has stayed calm, and the token continues to trade comfortably above $2.20, showing resilience despite muted activity.
According to crypto analysts, XRP’s quiet phase might not last long, pointing to a potential setup for a massive rally that could lift the coin far beyond its current zone — possibly reaching above $27 in the long run.
Featured image from Unsplash, chart from TradingView

According to software engineer Vincent Van Code, fresh practical reasons are emerging for renewed confidence in XRP among some developers and investors. He argues that the biggest barrier to big firms holding XRP directly isn’t price or interest — it’s operations and compliance.
Van Code told followers that big companies can’t just “set up a Ledger or Xumm wallet and drop $100 million in there.” He said institutions need formal custody arrangements, regular audits and compliance systems before they will touch crypto on a large scale.
Reports place the upkeep of those services at about $300,000 a year for a single institutional setup, a figure that helps explain why many firms prefer not to hold tokens on their own balance sheets.
What I am realizing with the bew @evernorthxrp announcement and stagnant XRP price is that it might be harder than we think for institutions to buy and hold XRP.
Large companies aren’t going to simply setup a Ledger or Xaman wallet and drop $100M in there.
They want custody,…
— Vincent Van Code (@vincent_vancode) October 21, 2025
Based on reports, Van Code believes that exchange-traded funds and public companies that hold XRP will be the easiest route for institutions to gain exposure.
There are currently seven applications for XRP ETFs pending with the US Securities and Exchange Commission, though filings have been paused amid the US government shutdown.
For many large investors, buying shares in a regulated fund or a company with an XRP treasury avoids the need to run custody systems in-house.
Evernorth has become a focal point in that discussion. The venture, backed in part by Ripple, plans to build what it calls an institutional XRP treasury.
Evernorth aims to purchase $1 billion worth of XRP and will start with over 560 million XRP after it secures $1.1 billion in committed capital from participants that include Ripple and SBI Holdings.
Reports say the firm is pursuing a merger that is expected to close in Q1 2026, and the XRP purchases are planned to take place within 10 days of funding.
JUST IN: A Hyperliquid whale has opened a MASSIVE $1M XRP long position with 10x leverage at $2.40
Looks like someone’s betting BIG on #XRP making a move soon!
pic.twitter.com/RnhyNJhOFE
— Xaif Crypto
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(@Xaif_Crypto) October 23, 2025
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Market activity indicates that certain traders are making considerable wagers on the near-term trajectory of XRP. Reports identified a sizable position in the Hyperliquid derivatives exchange where an anonymous trader made a $1,000,000 long position with an entry price of $2.409, representing 416,736 tokens.
The position was put on with 10x exposure, and the community figure of Xaif helped to highlight the trade this week. Positions like this typically indicate short-term bullish sentiment from traders, although they can also cause increased price swings.
Featured image from Pixabay, chart from TradingView

Reports have disclosed a 400% rise in stablecoin transfers on Ethereum over the last 30 days, pushing total transfer volume to $581 billion and more than 12.5 million transfers, according to Token Terminal.
The stablecoin market cap on Ethereum now tops $163 billion. At the same time, Ethereum has fallen about 4.50% in the past week, and briefly tested support near $3,738, which some traders called a buying opportunity.
On-chain trackers show heavy buying from large holders. A newly created wallet, 0x86Ed, spent $32 million to pick up 8,491 ETH in roughly three hours, based on Arkham Intelligence records.
Another high-profile account monitored by LookOnChain moved 284K USDC into Hyperliquid after recent liquidations, apparently to maintain long exposure to ETH.
Reports say October’s stablecoin transaction volume on Ethereum passed $1.91 trillion for the second time on record, a sign that big flows are still moving through the network.
USDT usage on Ethereum is at an all-time high, with key metrics up ~400% from Sep ’23 lows.
Monthly transfer volume in September was $580.9 billion & transfer count 12.5 million.
At a ~$500 billion valuation, @Tether_to is the most valuable business building on @ethereum. pic.twitter.com/Z83e68NO8C
— Token Terminal
(@tokenterminal) October 13, 2025
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CryptoQuant and exchange data point to a rise in institutional interest. CME futures open interest for ETH has climbed, suggesting larger players are setting positions ahead of a potential price move.
Fundstrat’s Tom Lee was cited saying ETH could head toward $5,000 if the ETH/BTC ratio clears the 0.087 resistance. Matt Sheffield, CIO at Sharplink Gaming, told analysts that past liquidations did not stop real use and that the scale of payments on legacy systems — SWIFT processes about $150T a year — shows how much room exists for stablecoins to grow on Ethereum.
Big money is flowing into #Ethereum institutional interest is clearly rising fast….
The surge in CME futures open interest signals that smart money is gearing up for a major $ETH move ahead… pic.twitter.com/8oUfApDeoP
— BitGuru
(@bitgu_ru) October 23, 2025
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Technical analysis experts have noted a confluence of indicators near today’s prices. Currently, ETH is trading near $3887, just above the significant Fibonacci retracement of 0.618 at $3781.
The 0.786 retracement is near $3,640 with the level of formal invalidation set at $3443. Some technicians have pointed to a triple bottom trading pattern around $3600, as well as the potential for a new accumulation reading from a Wycoff re-accumulation pattern which could lead to higher targets (notably $5125 at the 1.618 extension.
Balance Between Flow And RiskIn sum, with heavy stablecoin flow, whale buying, and increasing interest in futures, this has created a basis for bullish calls into the $5000 range.
That said, chart patterns fail, on-chain movements may not lead to changes in price, and traders who remain cognizant of the ETH/BTC ratio, the invalidation line at $3443, and whether large transactions are transferring or being used for longer-term custody, may get more clarity in the coming sessions.
Featured image from Motion Island, chart from TradingView
