Similar to Bitcoin, Ethereum’s price successfully held above the $2,320 support level and began to rise. This momentum is pushing ETH towards breaking through the $2,340 and $2,350 price points.
Okay, so things are looking a little better day-to-day, but if I zoom in on the shorter-term charts, I’m still seeing some red flags. Price recently broke down from a pattern it’s been following for weeks, which tells me sellers haven’t completely given up yet. I’m cautiously optimistic, but definitely not ready to go all-in.
SMQKE, a popular crypto researcher on X (formerly Twitter), recently posted a video from a panel discussion in Zurich. In the video, a Ripple sales director discussed how Ripple is expanding its technology infrastructure.
Key Takeaways (because who has time to read the fine print?):
On May 3rd, two Bitcoin wallets that hadn’t been used for over 14 years suddenly transferred significant amounts of BTC, as reported by the blockchain analytics company Alphractal.
Bitmine Immersion Technologies, that towering colossus of digital greed, has once again dipped its hands into the Ethereum well, emerging with 101,745 ETH last week. A mere $238 million, you say? Pocket change for the titans of this crypto circus!
On May 4th, XRP’s price surpassed $1.40, coinciding with Bitcoin rising above $80,000. According to a report by crypto.news, an analyst at Standard Chartered, Geoffrey Kendrick, believes that progress on the CLARITY Act in the Senate Banking Committee could bring $4 to $8 billion into XRP ETFs. The vote scheduled for the week of May 11th is seen as a key event that could push XRP’s price past the $1.45 level.
Les Grandes Révélations :
