An exhibition about the different representations of the ocean throughout time, between the sixteenth and the twentieth century. Taking place in our Open Room in Floor 2.
Thanks to social media, everyone knows that the village of Oia has the scenery to make your friends jealous. But that isn’t your only option, and we’ve got the list to prove it. Some of the following places to watch the sunset in Santorini are a bit out of the way or require some effort to reach, but that means you’re more likely to get the view to yourselves.
Look for Santorini on Instagram and Trover and the shots that really stand out are the sunsets. It’s a magical time for a magical place, bringing out the best in the island’s rugged coastline and clifftop villages of west-facing whitewashed houses. If you’re visiting the island with a loved one, there’s no better time to make a grand gesture.
Onyxcoin has been on a persistent downtrend since reaching its all-time high of $0.049 on January 26. Trading at $0.015 at press time, the coin has since shed 57% of its value.
With mounting bearish pressure, the decline may not be over as market indicators signal further downside risks.
XCN Faces Heavy Sell Pressure
The steady outflows from XCN’s spot markets over the past month reflect the increased selling activity among its investors. Per Coinglass, in February, the altcoin only recorded four days of inflows, which totaled just $3.5 million. Conversely, XCN spot outflows exceeded $15 million during the same period.
Outflows from the XCN spot markets have reached $6.45 million so far this month. When an asset records significant spot outflows like this, its investors are selling their holdings.
This trend indicates that profit-taking is significant among XCN traders. It is a sign that there is no new demand for the altcoin, potentially lowering its prices in the short term.
Moreover, its funding rate has been predominantly negative since the beginning of the year, highlighting the bearish bias toward XCN.
This periodic fee is exchanged between long and short traders in perpetual futures contracts. It is designed to keep contract prices aligned with the spot market. When persistently negative like this, it means short positions are dominant, indicating traders are betting on further price declines, which can further reinforce bearish sentiment.
XCN Stuck in Downtrend: Will It Break Free or Drop Further?
On the daily chart, XCN remains within the descending parallel channel it has traded within since January 26. This bearish pattern is formed when an asset’s price moves between two downward-sloping parallel trendlines, indicating a sustained downtrend.
The pattern suggests that XCN sellers are in control. A drop below the lower trend line, which forms support, hints at further downside. If this happens, XCN’s price could drop to $0.0075.
Ethereum (ETH) faces a critical inflection point with two powerful catalysts converging on Wednesday, May 7.
Traders are split on whether the “perfect storm” could spark a breakout or deepen recent price volatility amid mixed macro signals and waning confidence in Ethereum’s narrative.
Ethereum Faces Volatile Crossroads: Pectra Upgrade and FOMC Converge
The long-awaited Ethereum Pectra upgrade is only hours out. It is expected to introduce key enhancements such as EIP-7702 and a 2,048 ETH staking cap, improving Ethereum’s usability and efficiency.
Combined with Fed Chair Jerome Powell’s potentially dovish tone, some believe this week could ignite a powerful rally in ETH and altcoins.
“May 7th Ethereum Pectra upgrade. May 7th FOMC. Micro caps already surging. If the Crypto Lords are on our side, mother of all breakouts could happen—especially on altcoins,” said CryptoSkull on X (Twitter).
Others echoed the sentiment, albeit with caution, cognizant of the volatility of the crypto market.
“FOMC week and ETH Pectra update? Time to keep our eyes peeled. Bullish vibes are great, but let us not forget the market’s mood swings. Feds might just throw us a curveball,” another user warned.
Meanwhile, another cohort sees the collision between Pectra Upgrade and the FOMC meeting as a high-stakes convergence. Specifically, the convergence of the two events will likely trigger a reaction in the Ethereum price.
Ethereum Community Borders Along Hope, Hype, and Hard Lessons
Still, not all see the Pectra upgrade as an immediate price catalyst. Maria Magenes, VP of Strategy at Hype Partners and former Balancer and MakerDAO marketing lead, tempered expectations.
“Even if I’ve joked about my hope for a price bump, that’s not the real point of why this is exciting… Network upgrades don’t imply price bumps… These aren’t cosmetic changes…They ensure Ethereum remains the most composable, decentralized, and reliable network in the ecosystem,” she explained.
Ethereum price action against event-specific volatility. Source: Maria on X
Meanwhile, others shared a nuanced take, calling Pectra a legit volatility trigger. Beyond the technical upgrade, however, Ethereum is also contending with a broader narrative crisis.
Nevertheless, the May 7 FOMC decision adds significant uncertainty. While most analysts expect the Fed to hold rates steady, traders remain wary of Powell’s tone. A hawkish stance could derail risk-on momentum.
“We’re still seeing the risk-off mentality going into the Fed meeting…Bitcoin build-up is good…expecting ETH to turn upwards after Wednesday,” analyst Michaël van de Poppe wrote.
May 7 could shape Ethereum’s near-term fate, with the second-largest crypto by market capitalization metrics caught between protocol progress and macro peril.
On Wednesday, whether Pectra powers a rally or is drowned out by macroeconomic headwinds will be determined.
