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Tag: crypto market bull run 2025

  • Ethereum’s End-Of-Year Rally Still At Play? Analysts Eye 50% December Jump

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    Ethereum (ETH) is attempting to bounce from the market’s Q4 correction, retesting the $3,000 barrier once again. As we approach the end of November, some market observers have suggested that the end-of-year rally may still be possible in the coming weeks.

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    Ethereum Eyes $3,000 Ahead Of Key Upgrade

    On Wednesday, Ethereum experienced a 4.4% daily surge, retesting the $3,000 level for the first time in nearly a week. The cryptocurrency has been trading within the $2,680-$2,980 price range amid the latest market-wide correction, which also saw Bitcoin (BTC) lose some crucial support levels.

    At the start of the week, the King of Altcoins broke above the $2,900 area, attempting to retest the next key resistance over the past two days but ultimately failing to reclaim it. Analyst Ted Pillows highlighted this performance, noting that ETH “tapped the $2,950-$3,000 zone again and got rejected.”

    Per the post, until Ethereum successfully reclaims this level, “the chances of a new low are high.” On the contrary, if the cryptocurrency breaks above this zone with strong volume in the coming days, investors could “expect a rally towards the $3,400 level.”

    The analyst also suggested that the altcoin could see a remarkable recovery rally next week, driven by the upcoming Fusaka upgrade. As he explained, ETH soared around 50% after the network’s Pectra upgrade in May.

    As reported by NewsBTC, the upgrade introduced a series of improvements to increase transaction capacity, enhance efficiency, and reduce system stress. Following the implementation, the cryptocurrency rallied from the $1,800 level to the $2,700 area in a week, which was later followed by an 80% jump in Q3 to its latest all-time high (ATH) of $4,946.

    Now, the Fusaka upgrade is the network’s biggest update since The Merge and is expected to come on December 3, “to relieve one of the network’s most pressing bottlenecks: data availability for rollups,” VanEck explained in October.

    Based on this, Ted Pillows suggested that if ETH repeats its post-Pectra performance with the new upgrade, the altcoin’s price could soar above the $4,000 resistance in the next few weeks.

    End-Of-Year Rally Underway?

    Market watcher Merlijn The Trader also suggested that Ethereum could see another leg up soon, as it is “repeating a textbook wave structure” it has printed multiple times since hitting the bear market bottom in mid-2022.

    “Wave 1: Kicked off the cycle. Wave 2: Is shaking weak hands. wave 3: Where parabolas form,” the trader explained on X, noting that ETH could be ending its corrective move and potentially see another rally in the coming weeks.

    “This pattern printed 3 times before. Each time, ETH went vertical. Now it’s flashing again,” he stated. Similarly, Michaël van de Poppe highlighted Ethereum’s trading pair against Bitcoin, affirming that investors should keep an eye on the chart.

    Notably, ETH is retesting a multi-month downtrend line resistance against BTC, and could “see a strong breakout upwards in the coming weeks.” “This cycle is far from over,” van de Poppe added.

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    Meanwhile, Rekt Capital noted that Ethereum Dominance continues to occupy an area that served as a consolidation zone before the 2021 rally. “As long as ETHDOM can maintain itself above 10.05% then it should be positioned for higher market dominance levels over time,” the analyst concluded.

    As of this writing, ETH trades at $3,023, a 2% increase in the weekly timeframe.

    ETH’s performance on the one-week chart. Source: ETHUSDT on TradingView

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

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    Rubmar Garcia

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  • Is Crypto ‘Boring’ Now? Bitwise CEO Says The Market Is Changing

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    As the early ‘Uptober’ buzz fizzles and Bitcoin struggles to hold $110,000, the overall crypto market sentiment has seemingly taken a beating. According to online reports, market participants are disappointed with the recent performance, but some experts argue that this means the industry is “winning.”

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    Crypto Vibes Are ‘Sad’ Despite Industry Adoption

    On Thursday, investor and analyst Will Clemente shared on X that “the vibes in the crypto groupchats are just sad.” He explained that investors seem “jaded, depressed, and defeated,” adding that they are “completely giving up” and switching to other asset classes after BTC’s performance this year.

    Bitwise’s CEO, Hunter Horsley, weighed in on the matter, affirming that “Crypto natives are now in a multi-month bear market sentiment,” while the “off-Twitter” sentiment is the “best it’s ever been.”

    Horsley detailed that the offline positive outlook is fueled by the notable decrease in regulatory risk, which has led to the recent spike in institutional adoption and mainstream recognition.

    Notably, the second wave of crypto-based exchange-traded funds (ETFs) started trading this week, with Bitwise’s Solana Staking ETF (BSOL) stealing the spotlight. Moreover, the Digital Asset Treasury (DAT) trend, led by Strategy, continues to pour millions of dollars into cryptocurrencies.

    “The market is changing,” the CEO asserted in his Friday X post, pointing out JPMorgan CEO Jamie Dimon’s recent approach shift. Dimon has been a long-time crypto skeptic, calling the flagship crypto a “Ponzi scheme” and dismissing it as “useless as a pet rock.” Nonetheless, he recently admitted that he was wrong and that crypto, stablecoins, and blockchain are “real.”

    Is The Market ‘Boring’ Or Mature?

    In a response to Clemente’s post, Nic Carter stated that the sentiment shift highlights a deeper truth about the market: the space has matured significantly. He explained that crypto is “boring” now because most of the questions and uncertainties that drove much of the historical volatility have been answered.

    So many of the open questions have been answered, will stablecoins be allowed? yes. will we be banned? no. will we all go to jail for writing software? no. will we be incorporated into tradfi? yes. can tokens have cashflows and not be securities? Apparently. (…) There are still some unanswered questions, particularly around cash-flowing pseudoequity tokens, but we will probably get answers to those in the coming years.

    He also argued that the crypto industry has been largely derisked as a technological substrate, bringing large corporations to adopt these tools, which shows that “crypto natives no longer control the narrative, there’s more serious businesses (which don’t require tokens), there’s less chaos, the whole space has matured significantly.”

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    To Carter, this means that the industry has “won.” However, he noted that clarity and maturity come with less excitement, as “winning means the inherent volatility in the space is highly reduced! This applies to both startups and the underlying assets themselves.”

    “So if you’re sad that volatility has been dampened smile through the tears. it means we won,” he concluded.

    Total crypto market capitalization sits at $3.65 trillion on the one-week chart. Source: TOTAL on TradingView

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

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    Rubmar Garcia

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  • Analyst Warns Solana Price Risks Major Breakdown, Should Investors Worry?

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    As Solana’s (SOL) price attempts to hold a crucial support area, an analyst has warned investors that the highly anticipated “Solana season” might not happen as the altcoin risks a massive price crash.

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    Solana Risks ‘Serious Downside’

    On Friday, Solana followed the rest of the market and fell below the $180 support to retest the recent lows. The cryptocurrency started this week by recovering from last week’s correction to its two-month low of $168, briefly attempting to reclaim the $210 resistance on Tuesday.

    However, the recent market volatility has seen the altcoin lose the $200 level again and retest a crucial support area that could determine SOL’s next move. Amid this performance, analyst Crypto Bullet shared a bearish outlook for Solana, suggesting that a 75% crash from current prices might be coming.

    In Q2, the market watcher warned that the cryptocurrency’s bull market was “likely over,” highlighting its structure in the higher timeframe chart. Per the post, SOL “had a clear 5-wave Impulse to the upside that ended in January with $TRUMP coin blow off top,” when the altcoin hit its all-time high (ATH) of $293.

    Based on this, he forecasted that Solana would see an ABC corrective wave pattern in the coming months, with a potential bounce to the $240-$250 area for the B wave, before “the most painful wave down (C).”

    SOL displays a potential ABC corrective wave pattern in the monthly chart. Source: Crypto Bullet on X

    The analyst affirmed that the cryptocurrency has likely completed the B wave, although it could have a bounce to a new higher high before the breakdown. “The monthly candle still has 2 weeks to close green, but frankly speaking, Solana looks cooked (whether we get a higher high to trap more people or not),” he affirmed.

    Crypto Bullet cautioned SOL holders that if the C wave has started, they “should be prepared for some serious downside” in the mid-term toward the $40 target.

    Can SOL Retest $210?

    Analyst Ted Pillows also cast a warning for investors, asserting that “Solana treasury companies are in free fall right now.” He suggested that the recent dump is partially driven by the halt in institutional bidding. “Until these companies show some recovery, I think Solana’s price recovery will be difficult,” the post read.

    Despite the bearish predictions, some market watchers consider that SOL’s bullish outlook is still in play. Man of Bitcoin highlighted that Solana’s price is potentially forming a 1-2 setup, which could send its price back to the $200-$210 area.

    To the analyst, as long as the price holds above the $170 support level, the bullish scenario could continue to play out. Meanwhile, Crypto Yapper noted that Solana is currently retesting a double support in the daily chart, which could set the stage for a 15%-20% bounce.

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    Per the post, SOL’s price is retesting the lower boundary of a 2-month falling wedge formation and the crucial $170-$180 horizontal level, which has served as a major support and resistance level throughout the year.

    Holding these levels in the daily and weekly timeframe could spark a rebound and propel the price to retest the falling wedge’s upper boundary and the crucial horizontal resistance around the $210-220 mark, the analyst noted.

    As of this writing, SOL is trading at $182, a 12.6% decline in the daily timeframe.

    Solana, sol, solusdt
    Solana’s performance in the one-week chart. Source: SOLUSDT on TradingView

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

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    Rubmar Garcia

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  • BNB Chain Memecoin Season? 70% Of Investors In Profit As Four.Meme Surpasses Pump.Fun

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    As BNB’s price records a massive 30% rally, the BNB Chain ecosystem also experiences a remarkable performance, fueled by Chinese-themed memecoins launched on the Four.meme launchpad.

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    BNB Chain Momentum Steals Memecoin Spotlight

    Amid BNB’s run to the $1,300 barrier, the BNB Chain ecosystem is experiencing a memecoin frenzy, with multiple BNB Chain-based tokens gaining significant traction over the past few days.

    Notably, the ongoing momentum has seen tokens like Palu (PALU), 币安人生 (BinanceLife), 4 (FOUR), PUP (PUP), and CZ’s Dog (BROCCOLI) record massive rallies.

    According to DeFiLlama data, the BNB Chain-based memecoin launchpad, Four.meme, has overtaken Pump.fun, Solana’s leading launchpad, in daily revenue.

    In the past 24 hours, Four.meme has gained around $1.4 million in revenue, surpassing Pump.fun’s $885,420. Meanwhile, CoinGecko data shows that the Four.meme ecosystem tokens have surged around 88% to an overall market capitalization of $1.044 billion and a daily trading volume of $963.4 million.

    Four.meme flips Pump.fun in daily revenue. Source: DeFiLlama

    Nonetheless, the Solana-based launchpad continues to lead in higher timeframes, with weekly and monthly revenues of $8.34 million and $40.9 million, respectively. Binance co-founder and former CEO Changpeng Zhao, also known as CZ, highlighted the recent memecoin frenzy in the BNB Chain.

    On Tuesday, CZ acknowledged the “BNB meme szn” on X, affirming, “I didn’t expect this at all.” On-chain analytics platform Bubblemaps declared that the “BNB memecoin szn is real,” noting that over 100,000 on-chain traders bought into the new memecoin frenzy, with 70% of them being in profit.

    As the platform detailed, 21,000 investors have made over $1,000, while 900 have earned over $100,000 with the leading tokens. Meanwhile, 40 traders have made over $1 million, and one has profited more than $10 million.

    Can BNB’s Memecoin Season Last?

    A crypto community member weighed in on how long the ongoing memecoin trend could last and whether it was worth participating in it. According to the X post, the investor considers that the BNB Chain tokens frenzy might continue, arguing that “this time is different.”

    Following the rapid surge of BinanceLife, which has reached a market cap of $372 million in less than a week, the investor listed multiple reasons why BNB Chain’s memecoin season could last for a while.

    They argued that “CZ and He Yi won’t let this wave fade easily,” suggesting that they will “likely keep pushing it forward.” The investor pointed out that the ecosystem is more mature and capital is more abundant. Previously launched memecoins “aimed” for a Binance listing, while the new project’s exit path is clearer.

    “First generate hype through reposts, then launch on Alpha, followed by listing on Aster spot and Binance spot—each step driving upward momentum in a relentless surge,” they explained.

    Lastly, the investor argued that the rules have changed, as this Memecoin bull run is spearheaded by the Chinese-speaking community, who “stand at the crest of the wave” this time.

    “Those who embrace change swiftly profit first; Those with biases neither gain nor lose,” they concluded.

    BNB, BNBUSDT
    BNB’S performance in the one-week chart. Source: BNBUSDT on TradingView

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

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    Rubmar Garcia

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