The crypto market faces a bearish weekend, and Cardano (ADA) has not been spared after a 3% drop to trade at $0.75. ADA price is also losing its footing after dropping in market cap ranking to the ninth position. Despite the bearish outlook, there are distinct reasons why ADA may recover to the upside and possibly reach higher levels. These include a strong technical outlook and higher odds that the SEC will approve a spot Cardano ETF. ADA Price Gears for a 75% Rally The key reason behind a bullish Cardano price forecast is a bullish technical outlook as it tests resistance at the upper trendline of a descending triangle pattern. ADA has been testing a breakout from this resistance line for the past two weeks. If demand rises and Cardano overcomes resistance at the 50% Fibonacci level of $0.91, it will fuel a 75% run to the $1.32 price…. Read More at Coingape.com
Ethereum (ETH) is showing mixed signals as it hovers near a critical technical zone, with traders closely watching for a breakout or breakdown. On one hand, the BBTrend has flipped sharply bullish, jumping to 4.99 after hitting -3 just a day earlier—suggesting growing upside momentum.
On the other hand, whale activity continues to decline for the seventh consecutive day, a potential sign of weakening institutional confidence. With ETH stuck between strong resistance at $2,900 and key support at $2,679, the next move could define the short-term market direction.
Ethereum BBTrend Flips Bullish: What 4.99 Means for Price Action
Ethereum’s BBTrend has surged to 4.99, rising sharply in the past few hours after hitting a negative peak of -3 just yesterday.
This sudden momentum shift suggests a potential reversal from bearish to bullish conditions, as the trend strength has turned positive and is now approaching the upper threshold that typically signals a breakout scenario.
BBTrend, or Bollinger Band Trend, measures the directional strength of price movement relative to the Bollinger Bands. Values above 0 indicate upward momentum, while values below 0 suggest bearish pressure.
A reading around 4.99 indicates strong bullish momentum. If this trend holds or strengthens, it could signal further upside for ETH as traders interpret the move as a shift in market sentiment and positioning.
ETH Whale Count Declines for 7 Straight Days: Bearish Signal Ahead?
The number of Ethereum whales—wallets holding between 1,000 and 10,000 ETH—has steadily declined to 5,378, down from 5,427 just ten days ago and 5,400 three days ago.
These whales often gauge institutional or high-net-worth investor sentiment, and sustained reductions in their numbers typically indicate either profit-taking, risk reduction, or decreased confidence in near-term price action.
Tracking whale activity is crucial because these large addresses have the power to influence market trends through their trades. When whale counts increase, it’s often interpreted as accumulation, which can signal strong conviction in future price growth.
This behavior can weaken price support and lead to increased volatility. If the downtrend in whale count continues, it could place downward pressure on ETH and increase the risk of a broader market pullback.
Ethereum Approaches Critical Support as $2,900 Resistance Holds
Ethereum recently failed to break through the resistance near $2,900 and is now trending lower, approaching a key support level at $2,679. If this support is tested and fails to hold, the next downside targets are $2,479 and potentially $2,326, especially if bearish momentum accelerates.
These levels are critical, as a confirmed break below them would indicate a shift in short-term market structure and could trigger further selling pressure.
With whale activity declining and market sentiment appearing cautious, Ethereum is now at a technical crossroads.
On the flip side, the BBTrend indicator has shown a strong bullish reversal, suggesting buying pressure may be building. If Ethereum regains momentum and successfully retests and breaks the $2,900 resistance, it could open the door for a rally toward $3,000—a level not seen since February 1.
Such a move would likely reinforce bullish sentiment and attract renewed interest from sidelined traders.
However, for that scenario to play out, bulls must first reclaim lost ground and flip $2,900 into a solid support zone.
As crypto markets faced a sharp correction this week, ETH dropped nearly 7% this week, dipping below $3,400 level. Despite the pullback, the institutional confidence in Ethereum appears stronger than ever.
During the latest market dip, BlackRock’s ETH ETF stood its ground, with zero outflows while other crypto ETFs saw notable volatility.
BlackRock’s ETH ETF Stands Tall
On August 1st, ETH ETFs saw their first outflow in 20 days, with $152.3 million in Ethereum pulled out.
According to data from Farside, the largest outflows came from VanEck with $47.7 million, Bitwise with $40.3 million, and Grayscale with $37.2 million. 21Shares followed with $8.4 million, Fidelity saw $6.2 million, Franklin Templeton recorded $5.4 million, ProShares had $5.2 million, and Coinbase logged $1.9 million in outflows.
BlackRock was the only player with zero outflows, which shows its unwavering institutional confidence in Ethereum despite the broader market pullback. It’s clearly playing the long game.
Meanwhile U.S. Bitcoin ETFs saw total outflows of $812.3 million. The biggest drops came from Fidelity with $331.4 million, ARK Invest with $327.9 million, and Grayscale with $66.8 million. BlackRock’s IBIT posted a relatively small $2.6 million outflow.
Ethereum Dominates July with $5.43B in ETF Inflows
Ethereum ETFs had net inflows on 30 of 31 days in July, pulling in a massive $5.43 billion for the month. BlackRock’s ETHA led the charge with over $4 billion alone. With a 20-day inflow streak, demand for ETH is showing no signs of slowing down.
Out of 31 days in July, $ETH ETFs saw net outflows on just one that’s $5.43B flowing into #Ethereum in a single month $ETH is now on a 20-day ETF inflow streak, with BlackRock’s ETHA alone scooping up over $4B
While Ethereum gains momentum, whale activity is heating up behind the scenes. Since July 9, a total of 12 new wallets have scooped up 808,347 ETH, valued at $2.85 billion.
Fresh wallet 0xdf0A received another 16,495 $ETH($58.5M) from the Galaxy Digital OTC wallet 5 hours ago.
Cryptoquant analysts note that Ethereum broke out strongly in mid-July, fueled by a surge in ETF inflows. Unlike Bitcoin, whose ETF volumes stayed steady, Ethereum saw a clear spike, signaling a capital rotation from BTC to ETH.
This shift highlights growing institutional interest, putting Ethereum at the center of market momentum.
The post BlackRock Sees Zero Outflows Amid Market Correction As $152M Exits Ethereum ETF appeared first on Coinpedia Fintech News
As crypto markets faced a sharp correction this week, ETH dropped nearly 7% this week, dipping below $3,400 level. Despite the pullback, the institutional confidence in Ethereum appears stronger than ever. During the latest market dip, BlackRock’s ETH ETF stood its ground, with zero outflows while other crypto ETFs saw notable volatility. BlackRock’s ETH ETF …
Bitcoin is back in business as it hovers at the $110,000 mark and proving once again why it’s called the king of cryptos. The comeback has everyone buzzing, including Dogecoin co-founder Billy Markus, whose cheeky X post sums up the craze entirely.
As the crypto market turns green, here are the insights on Bitcoin’s meteoric rise, altcoin gains, and a surprising Dogecoin-inspired whiskey venture.
Bitcoin’s Big Breakout
Bitcoin (BTC), the king of cryptocurrencies, soared to $110,651 on Monday, its highest in over two weeks. Markus, known for his playful commentary, quipped on X, “Bitcoin randomly decided to get exciting.”
Now trading at $109,625, BTC is up 1.73% in 24 hours (check live) and nearly 5% weekly, bouncing back from a June 5 low of $100,377. With its all-time high of $111,814 from May, just 2.24% away, Bitcoin’s bullish run has traders on edge, expecting to see whether it’ll break records again.
Altcoins Join the Party
It’s not just Bitcoin enjoying the spotlight.
The crypto market is coloured in green (up by 5.14%), with major altcoins riding Bitcoin’s tailcoat. Ethereum (ETH) surged 8.86 % to above $2,771, while other tokens notched gains as high as 18%. Dogecoin (DOGE) rose 4.23% to $0.1918, despite a 1.98% dip last week.
Liquidations Shake the Market
Volatility reigned, with CoinGlass reporting $456 million in liquidations, including $374 million from shorts. This market shake-up highlights the high stakes and quick changes explaining crypto’s dominance.
This wave of liquidations underlines crypto’s infamous volatility, but also its power to surprise and reward those who stay in the game.
Dogecoin’s Spirited Venture
Apart from trading, Dogecoin Foundation joined hands with Heritage Distilling Holding Company, North America’s top craft distillery, to announce House of Doge Bourbon, a whiskey inspired by the meme coin. This bold move highlights Dogecoin’s cultural clout, bringing crypto and mainstream markets closer.
What To Expect?
As Bitcoin enjoys this rally, the crypto world’s energy, fueled by altcoin gains and quirky collaborations, shows an exciting road ahead. Stay tuned for what’s next.
The post Dogecoin Cofounder Reacts as Bitcoin Price Nears All-Time High appeared first on Coinpedia Fintech News
Bitcoin is back in business as it hovers at the $110,000 mark and proving once again why it’s called the king of cryptos. The comeback has everyone buzzing, including Dogecoin co-founder Billy Markus, whose cheeky X post sums up the craze entirely. As the crypto market turns green, here are the insights on Bitcoin’s meteoric …
