Ethereum Price Set for $4K Breakout as Upgrades Propel Rally
Ethereum eyes $4,000 breakout, with potential rallies toward $7,400, $10,000, and $14,000.
Pectra upgrade to enhance wallet functionality, staking limits, and network efficiency.
Fusaka upgrade plans include encrypted mempools and improved transaction tracking tools.
Ethereum appears ready for a major move, with analysts watching closely for a breakout above $4,000—a key level for further gains. Ali Martinez predicts that if Ethereum breaks through resistance, it might climb to $7,400, $10,000, or even $14,000.
The price currently hovers around $2,705.34, reflecting a 2.36% drop in the last 24 hours. Support is found at $1,850, while resistance at $4,000 stands as a major barrier. The price action suggests a period of consolidation, setting the stage for a sharp move that could change the market outlook.
Key Support and Resistance Levels
Ethereum has been moving within a narrow range, hovering near $2,785.
The current market indicates that bulls must drive prices above $4,000 to confirm a breakout. A move above this threshold could spark an upward rally, first targeting $7,400 and eventually reaching $10,000 or even $14,000.
Source: X
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Here are some of the top contenders
*SingularityNET ()*: This coin powers the SingularityNET decentralized platform, which offers an open-source blockchain market for buying and selling $AI -related products and services.¹
- *(link unavailable) $FET )*: (link unavailable) is a decentralized platform that utilizes AI to create smart and autonomous software and tools. Its token, FET, is used to facilitate transactions within the platform.
- *Numeraire (NMR)*: Numeraire is a decentralized hedge fund that leverages AI technology to make investment decisions. Its token, NMR, is used to incentivize contributors to the platform.
- *Artificial Liquid Intelligence (ALI)*: ALI is a token that fuels the Alethea image generator, which uses AI technology to produce images based on user input.
- *The Graph (GRT)*: The Graph is a decentralized data indexing protocol that uses AI to enable efficient querying of blockchain data.²
Other Notable Mentions
- *NEAR Protocol (NEAR)*: A decentralized application platform that utilizes AI to improve scalability and usability.
- *Internet Computer (ICP)*: A decentralized platform that enables the creation of autonomous software and tools using AI.
- *Bittensor (TAO)*: A decentralized platform that utilizes AI to create a more secure and efficient blockchain network.
These coins have shown significant potential in the AI sector, but it's essential to do your own research and stay up-to-date with market developments before making any investment decisions.
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the crypto market on Friday continued keeping investors on their toes, with coins mainly trading sluggishly. Bitcoin (BTC) price showcased a trading session at the $97K level, whereas Ethereum (ETH), XRP, and Solana (SOL) reflected a similar volatile trajectory. However, TRON emterged as the talk of the town, defying the broader market trend amid strong ecosystem growth.
↔️Crypto Market Today- BTC & Altcoins Face Market Turbulence
Notably, the global cryptocurrency market cap slipped 0.47% from yesterday, reaching $3.18 trillion. However, the global market volume saw a slight 2.88% increase to $126.33 billion. At the same time, BTC price illustrated a tight intraday sideways action, still trading near the previous day’s levels. Moreover, other crypto tokens have mainly taken more heat from yesterday
↔️$BTC Price At $97K
As of press time, $BTC price traded at $97,289, down marginally by 0.2% intraday. However, it’s worth pointing out that the coin’s 24-hour low and high were $95,707.35 and $99,168.61, respectively. The flagship coin’s dominance saw a 0.52% increase from yesterday to 60.87%, signaling that altcoins took more heat and lost market value.
↔️Ethereum Price Slips
ETH price cracked nearly 3.5% in the past 24 hours, reaching $2,713. The coin’s intraday bottom and peak were $2,662.45 and $2,857.14, respectively. Crypto market traders remain cautious as whales are recorded selling $ETH amid the current turbulent landscape.
↔️$XRP Price Below $2.5
Meanwhile, XRP price mimicked a drop, down nearly 3% to $2.35. The coin’s intraday bottom and peak were $2.29 and $2.46, respectively. Despite the price drop, renowned analyst Ali Martinez revealed that whales bought 520 million XRP, flagging a buy-the-dip opportunity. This data also suggests that a recovery above $3 lies ahead.
↔️Solana Price Mirrors Dip
$SOL price witnessed a 4% decline in value and exchanged hands at $193.39. The coin’s 24-hour low and high were $188.17 and $203.89, respectively. Intriguingly, VanEck made a bullish prediction on SOL price, claiming it to hit $520 by year end.
↔️Meme Crypto Market Today
The meme coins sector has mirrored a very similar waning action. Dogecoin ($DOGE ) price tanked 3% in the past 24 hours and is sitting at $0.2522. Shiba Inu (SHIB) pulled back 5%, resting at $0.00001511. Even PEPE and $TRUMP reversed gains by 6-7%, trading at $0.000009455 and $17.51, respectively.
Crypto Market Plunges Into Fear for the First Time in Four Months — What’s Happening?
The cryptocurrency market has entered consolidation, with Bitcoin (BTC) struggling to rally past $100,000. Altcoins are also working to make a recovery, with the altcoin season index dropping to 39, marking its lowest level in two months.
The recent downturn has affected market sentiment. Per trader Ali Charts on X, the Fear and Greed Index has entered into fear for the first time since October last year.
This negative market sentiment could fuel bearish trends if traders choose to panic sell. Additionally, it could affect the market demand if buyers become hesitant, leading to consolidation and failed recoveries.
Altcoin & Meme Coin Bloodbath Drives Market into Fear
Despite Bitcoin’s drop below the psychological level of $100,000, the king coin’s losses have been minimal compared to altcoins. This has seen Bitcoin’s market dominance surging past 60%.
At the same time, Ethereum’s market dominance continues to steadily decline, falling to below 11%. This follows ETH’s 17% drop in just one week, at the same time. ETH/BTC had declined to range lows of 0.278 at press time.
Meme coins have also not been spared from the volatility after their total market capitalization dropped to $68 billion, the lowest level in three months. The meme coin fear and greed index has also declined to 27, indicating that meme coin traders are in fear.
In just one week, the largest meme coin, Dogecoin (DOGE), has declined by 25%, while Shiba Inu (SHIB) is down by 20%. PEPE (PEPE) and dogwifhat (WIF) have also dropped by 29% and 38%, respectively.
These widespread losses are behind the decline in trader sentiment. Moreover, if the market fails to post a recovery, it could result in further losses if traders begin to sell to minimize their losses.
Institutional Interest Remains Constant
Despite the weak demand for cryptocurrencies from retail traders, institutional interest has remained notably high. Data from SoSoValue shows that the total weekly inflows to Ethereum have surged to $420M, marking the highest weekly level since late December.
However, despite these inflows, JPMorgan analysts noted that many institutional traders remained hesitant to trade cryptocurrencies this year. Moreover, the percentage of investors willing to invest in crypto assets has declined from 78% to 71%.
The waning interest comes despite a friendlier crypto regulatory framework in the United States under the Trump administration and the resignation of the chair of the US Securities and Exchange Commission (SEC), Gary Gensler.
The AI sector is rapidly growing, and several coins have shown great potential
Here are some of the top contenders:
Top AI Coins
- *SingularityNET (AGIX)*: This coin powers the SingularityNET decentralized platform, which offers an open-source blockchain market for buying and selling $AI -related products and services.¹
- *(link unavailable) (FET)*: (link unavailable) is a decentralized platform that utilizes AI to create smart and autonomous software and tools. Its token, FET, is used to facilitate transactions within the platform.
- *Numeraire (NMR)*: Numeraire is a decentralized hedge fund that leverages AI technology to make investment decisions. Its token, NMR, is used to incentivize contributors to the platform.
- *Artificial Liquid Intelligence (ALI)*: ALI is a token that fuels the Alethea image generator, which uses AI technology to produce images based on user input.
- *The Graph (GRT)*: The Graph is a decentralized data indexing protocol that uses AI to enable efficient querying of blockchain data.²
Other Notable Mentions
- *NEAR Protocol (NEAR)*: A decentralized application platform that utilizes AI to improve scalability and usability.
- *Internet Computer (ICP)*: A decentralized platform that enables the creation of autonomous software and tools using AI.
- *Bittensor (TAO)*: A decentralized platform that utilizes AI to create a more secure and efficient blockchain network.
These coins have shown significant potential in the AI sector, but it's essential to do your own research and stay up-to-date with market developments before making any investment decisions.