TRUMP has seen a 7% rise in the last 24 hours, with the price trading at $10.34 at the time of writing. Despite this short-term recovery, the broader outlook for the altcoin remains bearish, influenced by ongoing market conditions.
The recent conflict between Elon Musk and Donald Trump has added further uncertainty, potentially deepening the bearish trend.
TRUMP Outflows Rise
The Relative Strength Index (RSI) for TRUMP currently sits in the negative zone, below the neutral mark. This suggests that the broader market cues are bearish, presenting a significant challenge for TRUMP’s recovery.
A sustained period in the negative zone indicates that buying momentum is weak, and sellers continue to dominate the market.
The bearish sentiment is compounded by the recent market uncertainty surrounding the spat between Musk and Trump. The ongoing tensions between these two influential figures could further contribute to the lack of positive momentum for TRUMP.
From a macro perspective, the Chaikin Money Flow (CMF) indicator highlights a dominant trend of outflows from TRUMP.
The CMF has recently dropped to its lowest level in more than three months, showing that there is little buying pressure to support the asset’s price. This indicates a growing lack of confidence among investors in TRUMP’s long-term value.
The market’s response to the Musk-Trump conflict could amplify these outflows.
According to Nic Puckrin, a crypto analyst and founder of The Coin Bureau, the tension between Musk and Trump could negatively impact the broader market.
“The public spat we’re seeing between Musk and Trump was nothing if not predictable. However, given their influence on the news cycle, the markets don’t like this at all, and it’s only likely to get worse as emotions escalate… It’s been a perfect storm for markets, and if this uncertainty, along with the Trump-Musk saga, continues into the weekend, the crypto market will bear the brunt, as it is still the only market that trades 24/7,” Puckrin said.
TRUMP Price Recovery May Be Difficult
TRUMP is currently trading at $10.48, having risen by 7.6% over the last 24 hours. However, the token is facing significant resistance at $10.97, a level that has proven difficult to breach in recent weeks.
Given the current market sentiment, it seems likely that TRUMP will struggle to push past this resistance, limiting its price movement in the short term.
Considering the current bearish factors and lack of strong buying momentum, TRUMP could remain consolidated between $10.97 and the support level of $9.68.
This consolidation could persist as the market grapples with the impact of outflows and investor uncertainty, making it difficult for TRUMP to make substantial gains.
If TRUMP’s supporters shift their outlook and turn more bullish, the token could breach the $10.97 resistance. Successfully flipping this level into support could trigger a move toward $12.18, invalidating the current bearish thesis.
Saros, the Solana-based altcoin, has been on an impressive uptrend over the past month. The token’s price has formed new all-time highs (ATHs) nearly every day throughout March.
However, with the momentum showing signs of slowing, investors are wondering if this rally is nearing its end.
SAROS Refrains From Following Bitcoin
The correlation between Saros and Bitcoin (BTC) is currently negative, sitting at -0.43. This negative correlation has worked in Saros’ favor, as it allowed the altcoin to perform well during Bitcoin’s struggles throughout March. While Bitcoin faced significant declines, Saros was able to rally largely due to this inverse relationship.
The shifting dynamics between Bitcoin and Saros will be key to the future price movement of the altcoin. Should Bitcoin regain its upward momentum, Saros may face increased selling pressure. This is because the negative correlation that has benefited Saros may reverse, impacting the altcoin’s ability to maintain its upward trajectory.
The overall macro momentum of Saros shows that investor interest has remained strong. The Chaikin Money Flow (CMF) indicator has been increasing steadily over the past month, signaling consistent inflows.
Recently, it crossed the saturation threshold of 0.7, a level that has historically led to price corrections. This suggests that while Saros has experienced significant gains, the market may be nearing an overbought condition. If profit-taking begins, a price pullback is highly probable for the altcoin.
Saros has surged by an astounding 1,024% since the beginning of March, trading at $0.153 as of now. Throughout March, the altcoin has formed new ATHs almost daily, reflecting strong investor sentiment and demand.
The current ATH stands at $0.163, and the momentum could continue pushing the price upwards, potentially reaching $0.200 if the uptrend remains intact. However, as the price continues to rise, the risk of profit-taking increases.
If Saros faces such a pullback, it could fall back towards the $0.100 support level. If the altcoin loses this key support, the price could drop further to $0.055, invalidating the bullish outlook. Investors should keep an eye on these levels as they will help determine whether the current rally is sustainable.
Ethereum reached a notable milestone earlier this month when the US Securities and Exchange Commission (SEC) approved options trading for several spot exchange-traded funds (ETFs). The move is expected to increase liquidity, attract interest from institutional investors, and solidify Ethereum’s position as a major cryptocurrency.
Yet Ethereum’s smaller market cap relative to Bitcoin means it is also vulnerable to gamma squeezes, thereby increasing investor risks. BeInCrypto consulted an expert in derivatives trading and representatives from FalconX, BingX, Komodo Platform, and Gravity to analyze the potential impact of this new characteristic.
This week marked the official debut of options trading for spot Ethereum ETFs in the United States. BlackRock’s iShares Ethereum Trust (ETHA) was the first to list options, with trading commencing on the Nasdaq ISE.
Shortly after, a broader availability of options followed, including those for the Grayscale Ethereum Trust (ETHE) and the Grayscale Ethereum Mini Trust (ETH), as well as the Bitwise Ethereum ETF (ETHW), all of which began trading on the Cboe BZX exchange.
This move allows a wider range of investors, beyond crypto traders, to benefit from hedging and speculation opportunities on Ethereum’s price through options on familiar investment vehicles like ETFs without direct ownership.
The timing of this news is particularly positive, as Ethereum has been losing some ground in the market lately.
Options Trading to Bolster Ethereum’s Market Position
A significant decline in market confidence surrounded Ethereum this week, with BeInCrypto reporting its price had plummeted to its lowest point since March 2023. This drop coincided with a broader market downturn, worsened by Donald Trump’s Liberation Day.
Meanwhile, large Ethereum holders are increasingly selling off substantial amounts, putting downward pressure on their prices. Ethereum’s value has fallen sharply by 51.3% since the beginning of 2025, and investor confidence has waned, as evidenced by a decrease in addresses holding at least $1 million in ETH.
Holders with at least $1 million worth of ETH. Source: Glassnode.
With options trading now accessible to more traders, experts anticipate that Ethereum’s market position will improve.
“ETH’s been leaking dominance, stuck sub-17%. Options give it institutional gravity. It becomes more programmable for fund strategies. More tools mean more use cases, which then in turn means more capital sticking around,” Martins Benkitis, CEO and Co-Founder of Gravity Team, predicted.
This newfound accessibility of options trading will create additional opportunities for investors and the broader Ethereum ecosystem.
Greater Investor Access and Liquidity
The SEC’s approval of Ethereum ETFs in July 2024 was significant because it allowed traditional investors to enter the crypto market without directly holding the assets. Now, with options trading also available, these benefits are expected to be even greater.
The Ethereum ETF market will naturally become more liquid with increased participation through options trading.
High Trading Volumes and Hedging Demands
The SEC’s fresh approval of options trading for Ethereum ETF investors suggests that the market will likely initially experience a high trading volume. As a result, market makers must be prepared.
An increase in call options will require institutional market makers to hedge by buying more Ethereum to meet demand.
Ethereum will also secure a unique advantage, particularly in institutional trading, enhancing its perceived quality and driving optimism among key market participants.
“ETH just got a serious institutional tailwind. With options now in play, Ether is stepping closer to BTC in terms of tradable instruments. This levels up ETH’s legitimacy and utility in hedging strategies, narrowing the gap on Bitcoin’s dominance narrative,” Benkitis told BeInCrypto.
Yet, rapid surges in options trading could also have unintended consequences on Ethereum’s price, especially in the short run.
Will Investors Suffer a Gamma Squeeze?
As market makers rush to acquire more of the underlying asset in case of a higher volume of options calls, Ethereum’s price will naturally increase. This situation could lead to a pronounced gamma squeeze.
When market makers hedge their positions in this scenario, the resulting buying pressure would create a positive feedback loop. Retail investors will feel more inclined to join in, hoping to profit from Ethereum’s rising price.
The implications of this scenario are especially pronounced for Ethereum, considering its market capitalization is notably smaller than that of Bitcoin.
Retail traders’ aggressive buying of ETHA call options could compel market makers to hedge by acquiring the underlying ETHA shares, potentially leading to a more pronounced effect on the price of ETHA and, by extension, Ethereum.
“We believe option sellers will generally dominate in the long-run but in short bursts we could see retail momentum traders become massive buyers of ETHA calls and create gamma squeeze effects, similar to what we’ve seen on meme coin stocks like GME. ETH will be easier to squeeze than BTC given it is only $190 billion market cap vs BTC’s $1.65 trillion,” Joshua Lim, Global Co-head of Markets at FalconX, told BeInCrypto.
Arbitrage involves exploiting price differences for the same or nearly identical assets across different markets or forms. This is done by buying in the cheaper market and selling in the more expensive one.
According to Grant, traders will increasingly look for and exploit these price differences as the market for ETH options on different platforms develops.
While arbitrage activity is expected to refine pricing and liquidity within the Ethereum options market, the asset continues to operate under the shadow of Bitcoin’s established market leadership.
Will Landmark Options Approval Help Ethereum Close the Gap on Bitcoin?
Though Ethereum achieved a major landmark this week, it faces competition from a major rival: Bitcoin.
In late fall of 2024, options trading started on BlackRock’s iShares Bitcoin Trust (IBIT), becoming the first US spot Bitcoin ETF to offer options. Though not even a year has passed since the original launch, options trading on Bitcoin ETFs experienced strong trading volumes from retail and institutional investors.
According to Kadan Stadelmann, Chief Technology Officer of Komodo Platform, options trading for Ethereum ETFs will be comparatively underwhelming. Bitcoin will still be the cryptocurrency of choice for investors.
“Compared to Bitcoin’s Spot ETF, Ethereum’s ETF has not seen such stalwart demand. While options trading adds institutional capital, Bitcoin remains crypto’s first mover and enjoys a greater overall market cap. It is not going anywhere. It will remain the dominant crypto asset for institutional portfolios,” Stadelmann told BeInCrypto.
Consequently, his outlook does not include Ethereum’s market position surpassing Bitcoin’s in the immediate term.
“The once-promised flippening of Bitcoin’s market capitalization by Ethereum remains unlikely. Conservative and more-monied investors likely prefer Bitcoin due to its perceived safety compared to other crypto assets, including Ethereum. Ethereum, in order to achieve Bitcoin’s prominence, must depend on growing utility in DeFi and stablecoin markets,” he concluded.
While that may be the case, options trading doesn’t harm Ethereum’s prospects; it only strengthens them.
Can Ethereum’s Options Trading Era Capitalize on Opportunities?
Ethereum is now the second cryptocurrency with SEC approval for options trading on its ETFs. This single move will further legitimize digital assets for institutions, increasing their presence in traditional markets and boosting overall visibility.
Despite recent significant blows to Ethereum’s market position, this news is a positive development. Although it might not be sufficient to surpass its primary competitor, it represents a step in the right direction.
As investors get used to this new opportunity, their participation level will reveal how beneficial it will be for Ethereum.
Ethereum (ETH) co-founder Vitalik Buterin has proposed a comprehensive roadmap to enhance user privacy on the blockchain.
The plan envisions creating a world where private transactions are the default, and users can interact across applications without publicly linking their activities.
Buterin shared the roadmap on April 11 on the Ethereum Magicians forum. It outlined practical, incremental improvements to make private transactions and anonymous on-chain interactions more accessible for everyday users without requiring major changes to Ethereum’s core consensus protocol.
“This roadmap can be combined with a longer-term roadmap that makes deeper changes to L1, or privacy-preserving application-specific rollups, or other more complex features,” Buterin stated.
The roadmap addresses four key privacy forms by implementing various short-term and long-term solutions. These are focused on improving on-chain payment privacy, partial anonymization of in-app activity, privacy of on-chain reads, and network-level anonymity.
Firstly, he advocated for integrating privacy tools into wallets. This would enable features like default “shielded balances,” allowing users to keep transactions private. The idea is to enhance privacy without requiring users to switch to a separate privacy-focused wallet.
“This is a major step, and it entails significant convenience sacrifices, but IMO, this is a bullet that we should bite because this is the most practical way to remove public links between all of your activity across different applications,” he said.
Additionally, Buterin proposed making “send-to-self” transactions privacy-preserving by default. According to him, this is necessary for the address-per-application design to function effectively.
He also focused on using Trusted Execution Environments (TEEs) in the short term for RPC privacy. Buterin added that Private Information Retrieval (PIR) could be used in the future.
“If we also add security armoring to RPC nodes (ie. light client support), it becomes practical for a user to trust a much larger set of RPC servers. This reduces metadata leakage,” Buterin remarked.
The roadmap outlined deeper changes for the long term, such as EIP-7701 (account abstraction) and FOCIL (Fork-Choice enforced Inclusion Lists) implementation. This would allow privacy protocols to operate without centralized relays, making them more resilient to censorship. That’s not all. It would also contribute to increased privacy.
Buterin’s roadmap has generated substantial traction from the community, with many expressing optimism. The Ethereum ecosystem has long been calling for improvements in user privacy, and this new plan seems to resonate with those concerns.
“Vitalik’s finally giving privacy the attention it deserves, this roadmap looks like a solid step toward making Ethereum more user-friendly without messing with consensus,” an analyst posted.
Nonetheless, not all feedback was unequivocally positive. Some in the community remain cautious about the potential challenges involved in implementing such ambitious changes.
“Vitalik’s roadmap is solid but execution risk is high. Adopting zk tech is key if they want real privacy without bloating L1,” another analyst cautioned.
The proposal comes as the Ethereum ecosystem prepares for the Pectra upgrade. While Pectra focuses on performance and usability, Buterin’s privacy roadmap complements these efforts by addressing a critical user need. If executed, these changes could position Ethereum as a more privacy-conscious blockchain, potentially driving greater adoption as the network evolves.
