ETH Price Prediction: $2,400 Bounce Before $2,100 Breakdown Within 14 Days

Market Context: Why ETH is Moving Now  Ethereum has trapped bulls in a textbook false breakout pattern after failing to hold above $2,346. The 2.80% daily slide reveals the fragility beneath Januarys institutional adoption narrative that drove early 2026 price targets toward $3,357. Trading at $2,271, ETH sits below critical moving averages while funding rates have flipped negative at -0.0010%, signaling that futures traders are finally pricing in downside risk.  The shift in market structure is undeniable. Where Blockchain.news previously highlighted strong institutional interest during Q1s rally, current positioning shows smart money reducing exposure rather than adding. Network upgrade catalysts that once drove price appreciation appear fully absorbed by current valuations.  Technical Picture Deteriorates  The indicator complex reveals a market losing momentum across multiple timeframes. RSI has stalled in neutral territory while MACD momentum has collapsed to zero, showing neither buyers nor sellers have conviction. More concerning is ETHs position within the Bollinger Bands at just 0.20, essentially trading against the lower boundary as selling pressure builds.  Support at $2,242 offers little comfort given the recent volatility range of $69. Any meaningful selling could penetrate multiple support levels rapidly. The stochastic readings in oversold territory might attract bottom fishers, but in weakening trends, these conditions

05-09

Aave Recovers Exploited rsETH Funds as $71M ETH Return Moves Forward

The post Aave Recovers Exploited rsETH Funds as $71M ETH Return Moves Forward appeared first on Coinpedia Fintech News  Aave says its rsETH recovery process has entered Phase II after major progress in resolving the exploit tied to Aave V3 on Ethereum and Arbitrum.  According to the protocol, the attackers eight identified Aave V3 positions were successfully liquidated on May 6, with the recovered rsETH collateral transferred to the Recovery Guardian under an Aave DAO-approved proposal.  At the same time, governance proposals backed by both Mantle DAO and Arbitrum DAO were passed to support the broader DeFi United recovery effort.  Aave noted that normal users and Umbrella stakers were not impacted during the liquidation process.  $71 Million Recovery Plan Faces Legal Complications  A major part of the recovery effort involves the $71 million worth of ETH recovered by Arbitrums Security Council.  The Arbitrum DAO voted to return the recovered funds to Aave users, but the process was temporarily disrupted after plaintiffs holding judgments against North Korea issued a restraining notice targeting the frozen ETH.  In response, Aave LLC filed an emergency motion asking the court to vacate the notice. Following a May 6 hearing, the judge approved a proposal allowing the immobilized ETH to be transferred to Aave

05-09

Ethereum Is Going Up While Shorts Are Piling In: Find Out What Usually Follows

Ethereum  Ethereum Is Going Up While Shorts Are Piling In: Find Out What Usually Follows  Ethereum has lost ground below $2,300 as the market cools after weeks of cautious recovery. The price is retreating — but a CryptoQuant report tracking Binance derivatives activity has identified a dynamic beneath the surface that complicates the bearish reading considerably.  The data shows that derivatives traders on Binance have been aggressively betting against Ethereum throughout the recent rebound — and they are still adding to those positions even as the price pulls back. Cumulative net taker volume has dropped to approximately -$585 million, its deepest negative reading since March 27, when the metric reached around -$340 million. In the weeks between those two readings, the short-selling pressure has not only persisted — it has intensified.  That intensification is happening simultaneously with rising open interest on Binance, which has climbed from approximately $2.46 billion to $2.9 billion during the first week of May. Rising open interest alongside deeply negative taker volume describes a specific market structure: traders are not simply reducing long positions. They are actively building new short exposure into a market that has been recovering.  The significance of that setup is counterintuitive. Heavy short positioning during a recovery

05-09

Ethereum Dominance in DeFi Falls to 54%, Is ETH Losing Control of Biggest Market? 

Ethereum  Ethereum Dominance in DeFi Falls to 54%, Is ETH Losing Control of Biggest Market?  The post Ethereum Dominance in DeFi Falls to 54%, Is ETH Losing Control of Biggest Market? appeared first on Coinpedia Fintech News  Ethereum, the second-largest cryptocurrency by market cap, has seen its dominance in the DeFi market fall to around 54%, down from 63.5% earlier this year, as competing blockchains continue capturing a larger share of the crypto ecosystem.  Now the big question is Ethereum losing its grip on DeFi dominance? While ETH price has recovered to nearly $2,314.  Ethereum Dominance in DeFi Falls to 54%  According to DeFiLlama data, Ethereum‘s share of total DeFi TVL dropped from 63.5% at the start of 2025 to roughly 54% this month, marking one of the network’s weakest dominance levels in years.  DeFiLlama currently values Ethereums total value locked at approximately $45.4 billion, far ahead of most competing blockchains.  However, other networks are rapidly absorbing market share by focusing on specialized use cases across the crypto ecosystem. Current DeFi TVL market share now stands at:Solana: 6.66%BNB: 6.60%Bitcoin ecosystem: 6.35%TRON: 6.17%Base: 5.44%Hyperliquid ecosystem: 1.81%  This shift suggests DeFi is evolving from a single Ethereum-centered ecosystem into a multi-chain market where each blockchain focuses on specific sectors like stablecoins,

05-09

Ethereum Price Prediction: Bulls Face $2.4K Wall as $4.9K Setup Builds

Ethereum  Ethereum Price Prediction: Bulls Face $2.4K Wall as $4.9K Setup Builds  Ethereum is still stuck below the $2,400 area, but higher time frame charts show a wider bullish setup forming. ETH now needs to clear moving average resistance before the $4,900 target comes back into focus.  Ethereum Struggles Below $2.4K as ETH Range Stays in Play  Ethereum remained below the $2,400 area on the weekly chart as price struggled to break above a major moving average zone, according to a TradingView chart shared by Daan Crypto Trades on X.  The chart shows ETH trading inside a wider range between about $2,100 and $2,800. Price has recovered from its earlier low near the $1,750 area, but it has not cleared the upper moving average resistance.  ETH Weekly 200MA and 200EMA Range. Source:  The weekly 200MA and weekly 200EMA sit above the current ETH price zone. These moving averages remain important because they often act as resistance when price trades below them.  However, ETH still holds above the lower part of the marked range. The $2,100 to $2,166 area acts as near term support, while the $2,815 to $2,851 area marks the upper resistance zone.  For now, Ethereum remains range bound. A move above the $2,400 area would put the

05-09

Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

A Manhattan federal judge has cleared the way for Aave‘s recovery effort to move forward after last month’s North Korea-linked rsETH exploit, allowing $71 million in frozen ether to be transferred out of Arbitrum while preserving North Korean terrorism victims legal claim on the funds.  In a two-page order published late Friday U.S. time, Judge Margaret Garnett modified a restraining notice previously served on Arbitrum DAO to allow an onchain governance vote transferring the immobilized ETH to a wallet controlled by Aave LLC.  The order also shields participants from liability under the notice, stating that anyone who initiates, votes on or participates in the transfer would not violate the freeze.  Judge Garnett‘s ruling follows an earlier off-chain Snapshot temperature check in which Arbitrum delegates overwhelmingly signaled support for returning the frozen ETH as part of Aave’s broader recovery plan. Any actual transfer, however, still requires a separate binding onchain governance vote.  The ruling resolves an immediate standoff that had threatened to derail a coordinated DeFi recovery effort after attorney Charles Gerstein, representing families holding roughly $877 million in unpaid terrorism judgments against North Korea, argued the frozen ETH could be seized because the exploit has been widely attributed to Lazarus Group, which is supported

05-09

Bitcoin Rally Stalls At $80K But Bulls Anticipate A Pro-Crypto Fed Chair

Key takeaways:A weakening US dollar and higher government debt favor scarce assets, even as spot Bitcoin ETF outflows and low retail demand spark some concern.Traders expect Kevin Warsh to become Fed Chair, which could benefit Bitcoin.  Bitcoin ($BTC) stagnated near $80,000 on Friday following a rejection at $82,500. Traders grew anxious after US-listed spot Bitcoin exchange-traded funds (ETFs) posted $268 million in net outflows on Thursday.  Meanwhile, $270 million in leveraged bullish Bitcoin futures positions were liquidated within 24 hours, forcing investors to evaluate whether a sustained bear market is finally taking hold.  Bitcoin US-listed spot ETFs daily net flows, USD. Source: SoSoValue  The reversal in Bitcoin spot ETF flows on Thursday broke a four-day positive streak. This shift is particularly notable because the Ss Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

05-09

CLARITY Act Markup: Senate Banking Sets May 14 Crypto Rules Session

The Senate Banking Committee scheduled a May 14 markup for the CLARITY Act, setting up the Senates first formal committee debate over digital asset market structure legislation. The executive session will allow lawmakers to debate amendments and determine whether the bill advances toward a full Senate vote.  Key Takeaways:Senate Banking scheduled a May 14 markup for the CLARITY Act at 10:30 a.m.Committee members will debate amendments before deciding whether the crypto bill advances further.Industry groups say the markup could advance long-delayed federal digital asset market structure rules.  Senate Banking Takes Up Long-Delayed Crypto Bill  The U.S. Senate Banking Committee scheduled a May 14 executive session to consider H.R.3633, the Digital Asset Market Clarity Act of 2025, after months of delays and negotiations over crypto market oversight. The markup, which marks the Senates first formal committee debate over the legislation, is scheduled for 10:30 a.m. in Room 538 of the Dirksen Senate Office Building. Committee materials said live video will be available once proceedings begin.  Industry voices quickly lined up behind the CLARITY Act after the Senate Banking Committee scheduled its May 14 markup, framing the session as a long-awaited opening for federal digital asset rules following months of Capitol Hill negotiations.  That urgency has become

05-09

Cloudflare stock plunges more than 20% as 1,100 job cuts overshadow Q1 earnings beat

Tech  Cloudflare stock plunges more than 20% as 1,100 job cuts overshadow Q1 earnings beat  Cloudflare shares plunged more than 20% Friday after the companys better than expected Q1 results were overshadowed by plans to cut about 1,100 employees as part of a broader shift toward an AI first operating model.  The company reported $639.8 million in revenue for the first quarter, up 34% from a year earlier. Cloudflare posted a GAAP net loss of $22.9 million, or $0.07 per share, while non GAAP net income rose to $94 million, or $0.25 per diluted share.  Cloudflare said the restructuring is designed to accelerate its move toward what it called an agentic AI first operating model. The company expects to reduce its current workforce by about 1,100 people and incur $140 million to $150 million in charges, mostly in the second quarter.  The announcement rattled investors despite the earnings beat. Analysts had expected about $622 million in revenue and $0.23 in adjusted earnings per share, while Cloudflare reported $639.8 million in revenue and $0.25 in adjusted EPS.  Cloudflare also issued Q2 guidance for revenue of $664 million to $665 million, with non GAAP income from operations of $90 million to $91 million. For full year 2026, the

05-09

Understanding SkyAI’s 30% price correction and the next steps for traders

Tech  Understanding SkyAIs 30% price correction and the next steps for traders  SkyAI [SKYAI] shed 4.5% of its value in the last 24 hours after a stellar rally in recent weeks. In fact, the token was up 61% for the week, and around 780% over the past month. It has been trending higher since February, with its remarkable rally accelerating in April.  After hitting an all-time high of $0.8569 on Wednesday, 06 May, SKYAI fell by around 30%. It was accompanied by a slowdown in speculative interest.  Evidence for a bearish SKYAI move in the coming days  AMBCrypto had previously reported that Binance traders were positioning themselves bearishly in the perpetual futures market.  Momentum was also getting strained, the report read, and within hours, the token saw a pullback from its all-time highs.  Source: Coinalyze  Coinalyze data revealed a fall in Open Interest in the last 48 hours, with the funding rate also dropping towards zero. Both signs pointed towards weakness too.  The falling OI hinted at increasingly sidelined speculators, with the falling funding rate showing that more and more participants were closing long positions and staying neutral – Sign that the long side was no longer overcrowded.  The volatility reset and unwinding market resulted in the recent correction. The

05-09
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