Ethereum sees $246mln in liquidations – Can ETH hold $2015 support?

Ethereum entered a volatile stretch after a sharp liquidation wave erased bullish positions across the market.  Over the past 24 hours, nearly $246 million in long positions were wiped out. That forced selling added pressure as automated liquidations pushed prices lower.  The decline became more fragile as trading activity weakened alongside the sell-off.  Lower volume often reduces the markets ability to absorb aggressive selling. That setup can leave prices vulnerable to sharper downside swings.  Source: CoinGlass  The recent liquidation spike reflected how quickly bullish sentiment weakened after Ethereum lost momentum.  When leveraged long positions begin closing rapidly, the selling pressure tends to feed on itself. That chain reaction often accelerates short-term declines.  Having said that, the drop in trading volume made conditions even more unstable.  Fewer buyers stepped in during the decline, limiting the markets ability to slow the downward move. That left traders focused on whether stronger demand could return near key support levels.  Why are whales still buying ETH?  Amid the broader decline, one whale linked to Matrixport continued increasing its Ethereum long exposure.  The wallet reportedly held around 120,000 ETH worth nearly $254 million. The position also carried over $17.5 million in unrealized losses.  Source: X  That move suggested strong conviction despite weakening market conditions.  Even so, adding to leveraged positions

05-20

Staked ETH Hits 31% of Supply, Citi Says Bitcoin Faces Larger Quantum Risk

Bitcoin‘s structural exposure stems from an estimated 6.7 to 7 million coins parked in addresses where public keys are already visible on-chain, including roughly one million attributed to the network’s pseudonymous creator. A sufficiently capable quantum machine could theoretically derive private keys from those exposed outputs and redirect funds. Ethereum is not immune; the analysts noted that a quantum-enabled adversary could in principle accumulate enough private keys to control about 33% of staked Ether, enough to disrupt block finality. Yet the relative ease of pushing protocol changes through Ethereums consensus mechanism gives developers more runway to harden defenses preemptively.  Spot Ether trades near $2,124, holding marginally above the immediate $2,121 support with the next defensive zone at $2,053 and a deeper line at $1,942. Resistance is stacked at $2,131, $2,236, and $2,321, framing a tight near-term battle just overhead. The relative strength index at 35 sits close to oversold territory while MACD remains bearish, consistent with the broader downtrend and lingering bear market tone. A reclaim of $2,131 on expanding volume would open room toward $2,236; failure to defend $2,121 risks a flush to $1,942 and would invalidate any near-term recovery thesis built on this weeks accumulation signal.

05-20

SBI, Rakuten eye Bitcoin and Ethereum trusts – What it means for Japan

As Japans major brokerages gradually expand toward digital assets, crypto increasingly continues to move deeper into mainstream financial infrastructure.  Earlier adoption had already remained concentrated around crypto-native exchanges rather than traditional brokerage investment products.  That structure now appears to be shifting since SBI and Rakuten accelerated preparations for Bitcoin [BTC] and Ethereum [ETH] focused investment trusts.  Nomura, Daiwa, and several Mizuho-linked firms also continue studying similar offerings beneath evolving Financial Services Agency regulatory frameworks.  Source: X  Institutional conviction, meanwhile, strengthened after Nomuras 2026 survey showed nearly 80% of professional investors planning crypto allocations between 2% and 5%.  That momentum increasingly signals crypto maturing into a standardized portfolio asset. However, tighter regulation and slower rollout timelines could still moderate broader retail participation despite rising institutional demand.  Japans regulatory reforms deepen crypto market integration  As Japan gradually reshapes its crypto regulations, institutional confidence continues to strengthen increasingly across traditional financial markets. Earlier uncertainty had already limited broader participation despite rising demand for regulated digital asset exposure.  That environment started shifting after Japan approved reforms moving major cryptocurrencies beneath the Financial Instruments and Exchange Act during April 2026.  Stronger disclosure standards and insider trading restrictions increasingly reduced compliance concerns surrounding digital asset participation. Investor protections also strengthened confidence as regulators pushed crypto closer

05-20

Why Are Bitcoin, Ethereum and XRP Prices Crashing Despite the CLARITY Act Breakthrough?

The post Why Are Bitcoin, Ethereum and XRP Prices Crashing Despite the CLARITY Act Breakthrough? appeared first on Coinpedia Fintech News  The CLARITY Act just cleared the Senate Banking Committee in the most significant regulatory breakthrough for crypto in US history. Bitcoin should be rallying, but instead it is down $6,000 since the vote advanced the bill to the full Senate, wiping $126 billion from its market cap. Ethereum fell more than 10%, erasing $30 billion. The total crypto market cap has dropped $190 billion in just five days.  Reason One: Sell the News  The CLARITY Act rally was priced in during the weeks of anticipation leading up to the markup vote. The moment the bill actually advanced, traders who bought in anticipation of the event sold into the confirmation. This pattern has played out across crypto at every major regulatory milestone and Thursday was no different.  The bill still needs 60 Senate votes, House reconciliation, and a presidential signature.  Reason Two: Iran Tensions Are Back  Trumps warning to Iran that “the clock is ticking” earlier this week sent oil above $107 a barrel and triggered a broad risk-off move across global markets. Crypto sold off alongside equities as geopolitical fear returned.  Reason Three: Technical Rejection at

05-20

Ethereum Price Stabilizes After Selloff, But Bears Still Hold Advantage

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.  From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.  As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.  In addition to his roles in finance

05-20

Ethereum (ETH) Whale Accumulation Surges as Bitmine Adds $150M in Fresh Holdings

Bitmine acquired 71,672 ETH in recent purchase, expanding total reserves to 5.278 million ETH (valued at approximately $11.05 billion)Chairman Tom Lee views current ETH prices under $2,200 as compelling entry pointEthereum has declined 8.7% in the weekly timeframe, currently hovering between $2,100–$2,128Long-dormant Ethereum whale resumes accumulation after selling entire position twelve months ago, according to Lookonchain dataCritical support zone at $2,108 remains in focus, with additional floors at $1,909 and $1,741 if breakdown occurs  Bitmine Immersion Technologies executed a substantial acquisition of 71,672 Ether tokens over the preceding week, elevating the companys aggregate position to 5.278 million ETH. Based on prevailing market valuations, this cryptocurrency reserve represents approximately $11.05 billion in total value.  Ethereum (ETH) Price  On Monday, Chairman Tom Lee publicly disclosed the acquisition, characterizing Ethereum‘s recent descent beneath the $2,200 threshold as “an attractive opportunity.” This positions Bitmine as the world’s preeminent corporate holder of ETH and establishes it as the second-largest institutional cryptocurrency treasury globally, trailing only Michael Saylors Strategy.  BITMINE BOOSTS ETH STACK TO 5.28M  Bitmine acquired 71,672 ETH in one week, bringing its total holdings to 5.28 million $ETH, 4.37% of Ethereums supply.  The company now holds $12.6 billion in crypto and cash, including 4.71 million staked ETH worth about $10.3

05-20

Ethereum Price Slips 10% Behind Bitcoin as DeFi Engine Loses $43 Billion

Ethereum (ETH) price is stalling near $2,140 as a sharp DeFi erosion since January now matches a bearish chart structure carved out over the past seven weeks.  The lag against Bitcoin and a sliding holder cohort suggest the price weakness may be more than a routine pullback. The structure on the daily chart and the on-chain data tell the same story from different angles.  Ethereum Price Mirrors DeFi TVL Collapse Since January Peak  Ethereum has carved an inverted cup pattern on the daily chart between March 29 and May 18. The current rebound looks more like a handle of the inverted cup.  The formation is a bearish setup where price peaks in the middle of a rounded top and then forms a brief recovery handle. The pattern signals continuation lower if the cups neckline breaks.  Ethereum Inverted Cup and Handle: TradingView  The price structure tracks the networks deteriorating DeFi position. Ethereum DeFi TVL has fallen from $106.687 billion on January 15 to $62.957 billion as of May 18, a drop of nearly 41% in four months.  The damage extends into the same window that produced the bearish pattern. Around late March, just before the inverted cup began forming, the network‘s DeFi TVL stood near $80.32 billion. It

05-20

Short-Term Noise: Why Tom Lee Predicts a Massive Ethereum Rebound in 2026

For him, one of the main reasons has been facing increasing selling pressure is the rise in oil prices, as the has been experiencing an inverse correlation with WTI indexes. This means that when oil prices rise, ether prices sink, and vice versa.  Numbers show that after the start of the war between the U.S. and Israel coalition against Iran, which caused increased in international oil markets, the inverse correlation between ethers price and oil prices reached its highest, pushing ETH prices lower.  Nonetheless, Lee disregarded this conjuncture as “short-term tactical noise,” stressing that the usual market drivers are still valid, including tokenization, which is still in its development stages across institutions, and Agentic AI.  “These structural drivers are in place. Thus, we expect prices to be stronger as we move through 2026,” Lee concluded, hinting at a price recovery after the conflict in the Middle East ends.  Boston Consulting Group (BCG) estimates that asset tokenization will exceed $16 trillion and account for 10% of global GDP by 2030.  Ethereum co-founder Vitalik Buterin has pitched the ETH ecosystem as an “economic layer for AI-related interactions,” with the blockchain enabling “AIs to interact economically, which makes viable more decentralized AI architectures (as opposed to non-economic coordination

05-20

Ethereum Price Today: ETH At $2,138

$2,100 is where everything concentrates now. It is the level analysts flagged weeks ago as the point below which ETH enters a different conversation entirely: double-top risk for 2026, the $1,900 area as the next stop, and a potential retest of the April lows near $1,400.  ETH is currently $38 above $2,100. That is not much cushion.  A daily close below $2,100 would confirm the level has broken and open the path toward $1,900 and then $1,650, which FXEmpire has flagged as a 50% probability target if the double-top pattern on the monthly chart plays out.  To stop the bleeding, ETH needs a daily close back above $2,211, which is the 50-day EMA that has now flipped fully to resistance. Above that, $2,281 is the next resistance zone where the weekly open sits. Neither level is close from current price.  Why ETH Keeps Underperforming  The pattern is structural, not coincidental. Three reasons explain why ETH drops more than BTC every week this month.  ETH has a higher beta to risk sentiment and a 0.78 correlation to the Nasdaq 100. When geopolitical risk spikes or yields rise, institutional traders reduce risk-asset exposure and ETH gets hit before BTC because it is perceived as the higher-risk of the

05-20

Ethereum Glamsterdam Upgrade: What Could Change for ETH

Ethereum‘s next major upgrade cycle is putting attention back on the base layer. After several years in which much of Ethereum’s scaling conversation focused on rollups, blobs, and Layer-2 fees, the Glamsterdam upgrade is expected to improve how Ethereum Layer 1 builds, verifies, and processes blocks.  For ETH holders, traders, stakers, builders, and DeFi users, the important question is not simply whether Glamsterdam will affect ETH‘s price. A better question is what this upgrade could change about Ethereum’s usability, economics, infrastructure, and long-term competitiveness.  Glamsterdam is not designed to be a magic switch that removes volatility or guarantees permanently lower fees. It is a protocol upgrade focused on structural improvements, including block production, execution efficiency, state growth management, and future scaling capacity. Ethereum.org describes Glamsterdam as an upcoming upgrade that combines the Amsterdam execution-layer upgrade with the Gloas consensus-layer upgrade. (Ethereum.org)  This guide explains what Glamsterdam could change for ETH, what remains uncertain, and how different types of users can evaluate the upgrade without relying on hype.  Key TakeawaysPointDetailsGlamsterdam is mainly an infrastructure upgradeIt focuses on block production, execution efficiency, state growth, and future Layer-1 scaling capacity.ePBS is one of the headline changesEnshrined Proposer-Builder Separation could reduce reliance on external block-building middleware.Block-Level Access Lists

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