Arizona’s Bitcoin Reserve Bill, SB 1373, has successfully passed the House Committee of the Whole. The bill is now set to move forward to the Third Reading and the final floor vote. This significant step brings Arizona closer to establishing a Bitcoin reserve, potentially strengthening the state’s role in the cryptocurrency space. If approved, this bill could have lasting implications for Arizona’s approach to Bitcoin and digital assets.
Ethereum (ETH) appears bearish and is poised for a massive price crash in the coming days due to the current market sentiment and bearish price action. The past few months have been unfavorable for the overall cryptocurrency market, which has experienced a significant downward trend.
Ethereum (ETH) Technical Analysis and Price Action
Amid this downside momentum, ETH has lost multiple key support levels, including an ascending trendline and several horizontal support zones. Currently, the ETH price is on the verge of breaching another critical support level at $1,475.
Source: Trading View
If this happens and the altcoin breaks below this level, we could see a notable price decline in the coming days.
The potential reason behind this price crash in ETH is the ongoing tariff war between the United States and other countries.
Ethereum Price Prediction
According to expert technical analysis, ETH is on the verge of breaking down a key support level at $1,475. Based on recent price action and historical momentum, if this occurs and ETH closes a daily candle below the $1,450 level, there is a strong possibility it could decline by 30% to reach the $1,000 level in the coming days.
Source: Trading View
Amid this ongoing price decline, ETH has fallen below the 200 Exponential Moving Average (EMA) on the daily time frame. This indicator suggests that the asset is in a strong bearish trend, with sellers dominating the market.
At press time, ETH is trading near $1,465 and has experienced a price decline of 6.50% over the past 24 hours. Meanwhile, during the same period, the asset’s trading volume dropped by 65%, indicating lower participation from traders and investors compared to previous days.
Whale Sell-off $15.70 Million Worth of ETH, What’s Next?
Looking at the current price momentum, on April 8, 2025, a crypto whale sold his entire holding of 10,000 ETH, worth $15.71 million, as reported by the blockchain-based transaction tracker Lookonchain.
After holding $ETH for over 900 days, a whale finally capitulated — selling all 10,000 $ETH($15.71M) today.
The whale originally bought 10,000 $ETH($12.95M) at an average of $1,295 on Oct 4 and Nov 14, 2022.
A post on X (formerly Twitter) further revealed that this whale had purchased the ETH between October 4 and November 14, 2022, at an average price of $1,292. Despite the recent price decline, he managed to book a profit of $2.75 million, although he missed out on a potential $27.60 million gain had he sold at the peak.
This massive sell-off may create additional selling pressure and contribute to further downside momentum.
The post Ethereum (ETH) Headed to $1,000? Chart Flashes Sell-Off Signal appeared first on Coinpedia Fintech News
Ethereum (ETH) appears bearish and is poised for a massive price crash in the coming days due to the current market sentiment and bearish price action. The past few months have been unfavorable for the overall cryptocurrency market, which has experienced a significant downward trend. Ethereum (ETH) Technical Analysis and Price Action Amid this downside …
Crypto analyst Xia has claimed that Pi Network’s momentum is building rapidly, having recently surged past the $0.60 mark. Analysts have also predicted that the Pi Coin price could soon reclaim the $1 level, providing a bullish outlook for the coin, which has underperformed thus far.
Why Pi Network’s Momentum Is Building Fast
In an X post, Xia asserted that Pi Network’s momentum is building fast. The analyst noted that the Pi Coin price has surged past $0.63 with strong volume, reaching a high of $0.6441 before settling into a consolidation phase.
She added that the Relative Strength Index (RSI) is climbing while the Moving Average Convergence Divergence (MACD) is also turning bullish. Xia also alluded to Pi Network’s fundamentals, which are bullish for the Pi Coin price, stating that there were over 58,000 sellers and 1.8 million users on the Map of Pi during the Pi Fest adoption.
She remarked that these bullish fundamentals are undeniable and questioned why market participants were still fading Pi coin. While the analyst is bullish on the altcoin, experts like Dr Altcoin have discussed how to prevent a Pi Coin crash.
Dr. Altcoin recently called on the PiCoreTeam (PCT) to lay a proper foundation to prevent steep price drops for the token. The expert made this call in the wake of the OM price crash, with the altcoin dropping as much as 90%.
Three Factors That Could Stop Pi Coin From Falling
In another post, he outlined three factors that could stop Pi Network’s price from falling. First, he stated that there is a need to increase the number of KYB-approved exchanges for Pi Coin and expand the reach of already approved ones, such as OKX, into restricted markets, as this could grow the Pi user base and boost demand.
Secondly, he stated that Pi Coin needs more institutional buyers, with companies like BANXA purchasing up to 100 million Pi directly from Centralized Exchanges (CEXs) to help absorb the coin’s supply. A CoinGape market analysis recently revealed that Pi Coin could rally to as high as $30 if major US Banks start using Pi Network.
Lastly, Dr. Altcoin stated that there should be major updates from the Pi Core Team. These updates could include impactful announcements and product launches that significantly increase the demand for Pi and help stabilize Pi Network’s price.
A Rally To $1 Could Be On The Cards
Crypto analyst Moon Jeff recently predicted that the Pi Network price could soon reclaim $1. He remarked that Pi Coin is holding the support at $0.61 nicely. As such, he expects a pump towards the $1 resistance.
Crypto analyst PiNewsZone also asserted that the Pi Coin price will be unstoppable once it pumps above $1. The analyst urged market participants to be patient and continue accumulating as many coins as possible.
However, it is worth noting that CoinGape’s Pi Coin prediction page indicates that the altcoin may not reach $1 anytime soon and is likely to continue consolidating within this range.
