Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism. Historical trends, on-chain data, whale accumulation behavior, and upcoming technological upgrades form a strong foundation for a potential price rebound.
Here are four key reasons why analysts believe ETH could recover strongly in May.
Why Ethereum Might Recover in May 2025
The first reason stems from ETH’s historical price performance. Data from CoinGlass shows that May is typically the best-performing month for ETH.
Over the years, ETH has posted an average return of 27.36% in May, the highest among all months.
While not every May ends with gains, historical trends suggest this month usually brings positive sentiment and upward momentum for ETH. Given the current conditions, Cyclop expects ETH to maintain its growth this month and reach the $2,500 target.
“May is historically the best month for ETH. $2,500 by the month’s end,” analyst Cyclop predicted.
Another critical factor supporting a bullish outlook is on-chain data, particularly the MVRV (Market Value to Realized Value) ratio. According to analyst Michaël van de Poppe, ETH’s MVRV ratio is currently at its lowest since March 2020, when the COVID-19 pandemic heavily impacted the crypto market.
A low MVRV ratio suggests ETH is undervalued compared to its on-chain value. This signal has only appeared six times in the past ten years, often preceding major recoveries. The chart also indicates that ETH could experience significant growth within the next 3 to 12 months.
The third bullish sign is recent whale accumulation behavior. According to CryptoQuant, these investors didn’t abandon their strategy even though ETH’s price dropped, and many accumulation addresses remain at unrealized losses.
Instead, they increased their ETH holdings.
On March 10, accumulation addresses held 15.5356 million ETH. By May 3, this number had climbed to 19.0378 million ETH — a 22.54% increase.
ETH: Balance on Accumulation Address. Source: CryptoQuant.
“ETH investors demonstrate strong belief in the asset, project, and ecosystem. Their on-chain behavior reflects structural conviction and clear expectations of short-term appreciation — aligned with Ethereum’s broader evolution,” analyst Carmelo_Alemán said.
Finally, Ethereum’s upcoming Pectra upgrade, scheduled for May 7, 2025, contributes to market optimism. The upgrade aims to improve wallet usability and user experience. It could boost dApp adoption and long-term ETH demand.
Meanwhile, May 7 is also the date of the FOMC meeting, where the Fed will announce its interest rate decision. If macroeconomic news is favorable, it could amplify ETH’s short-term gains alongside the other factors.
However, if the news is negative, it could complicate ETH’s price action in May.
Binance recently conducted a survey of its Asia-based users on the topic of security, and the results were encouraging. Over 80% of these users employ 2FA, and 73% double-check their transfers.
The poll concluded that user education is the most effective way to take advantage of growing security enthusiasm. Exchange-led scam simulations may be a potential solution to make anti-fraud knowledge accessible.
Binance was very clear that increasing 2FA (two-factor authentication) usage is unambiguously good. Still, there are a few key holes in the community’s preferences.
Most of the other important user-end security practices have very low rates of adoption, which Binance blames on insufficient awareness. It described a few measures to foster security education:
“As the industry evolves, so do the tactics of bad actors. We’re investing heavily in localized anti-scam education that is practical, accessible, and tailored to users’ real needs. We’re also working closely with regulators and law enforcement… to better protect user assets,” claimed Jimmy Su, Binance’s Chief Security Officer.
This education question touches on several different topics. For one thing, most of Binance’s Asian users claimed that existing security guides are “too technical and difficult to understand.”
However, they’re ready to learn. Over 60% said they would participate in anti-scam simulations, especially if this was gamified or paired with rewards.
The survey also noted a key data point in an age-old debate: whether or not to self-custody assets. Binance reported that its users have a growing expectation that exchanges actively manage security.
Meanwhile, 62.5% believe that CEXs are responsible for intercepting high-risk transactions in real time, and more than half would “immediately” contact an exchange over scam attempts.
Still, as with the firm’s previous surveys, it’s important to remember the participants’ demographics. Binance only questioned Asian users on their security preferences, and it identified regional variations even within this sample. For example, depending on the respondent’s location, they may give four different answers to the question, “What platform spreads the most scams?”
In other words, Binance or other firms may need to conduct follow-up polls over a wider net to corroborate this security data. In this isolated form, though, the Asian user data is still very useful.
Hopefully, it can help craft beneficial anti-fraud policy and educational resources for a global audience.
A recent Cambridge report confirms that the United States now leads global Bitcoin mining, prompting questions about how China will respond. Though the country has long held an anti-crypto stance, Chinese mining pools have historically controlled a substantial portion of the global Bitcoin hashrate.
The US’s current competitive edge and renewed hostility over trade policy might motivate China to recapitulate. BeInCrypto spoke with representatives from The Coin Bureau and Wanchain to understand what might encourage China to change its stance toward digital assets.
US Overtakes China as Top Bitcoin Mining Hub
The US has firmly established itself as the world’s largest Bitcoin mining hub. A recent Cambridge Centre for Alternative Finance (CCAF) report revealed that the US accounts for 75.4% of the reported hashrate.
Global distribution of Bitcoin mining activity. Source: CCAF.
This newest development confirms a notable reversal of power over Bitcoin mining dominance. China emerged as the world’s leading Bitcoin mining nation as early as 2017, leveraging its extensive mining infrastructure and low electricity costs to contribute upwards of 75% of the global hash rate at one point.
Yet, the country would later crack down on the industry.
China’s Crypto Crackdown
In 2019, the National Development and Reform Commission of China (NDRC) signaled its intention to prohibit cryptocurrency mining by releasing a draft law categorizing it as an “undesirable industry.”
Two years later, at least four Chinese provinces began shutting down mining operations. These crackdowns intensified amid concerns over excessive energy consumption.
However, China possesses a proven capacity to adjust to geopolitical shifts that could jeopardize its economic dominance, and the current environment may present such a challenge.
Has Bitcoin Mining in China Truly Stopped?
Even with China’s official stance toward crypto, mining activity has not stopped within the region. In July 2024, Bitcoin environmental impact analyst Daniel Batten reported that the hashrate within China currently accounts for approximately 15% of the global total.
7/8
Bottom lines: 1. 15%+ hashrate still comes from China
2. If you have 200-500 miners and want to do renewable-energy mining, you’re welcome
3. This is particularly in Inner Mongolia, the Texas of China, which has a lot of wasted renewable power they want to monetize pic.twitter.com/r6QUgmLmjT
“Despite the official ban, the infrastructure is already in place: from offshore mining to cross-border trading hubs. With more global momentum behind crypto adoption and the US taking the lead, China may find itself incentivized to lean in more strategically, even if unofficially,” Nic Puckrin, Co-founder of the Coin Bureau, told BeInCrypto.
China also has a geographical advantage over the United States, especially regarding technological advancements.
Crypto mining, especially for proof-of-work cryptocurrencies like Bitcoin, depends on Application-Specific Integrated Circuit (ASIC) equipment to handle the necessary complex calculations for validation and mining.
China’s position as a top exporter of crypto mining hardware, particularly to the US, gives it a potential advantage should it decide to revive its mining sector.
Puckrin believes that the combination of trade friction and the US’s invigorated push for crypto dominance might be sufficient to make China reconsider its position.
“It’s unlikely China will make a public U-turn on its crypto mining and trading ban anytime soon. However, with US-based miners accounting for higher and higher proportions of Bitcoin’s hashrate, China is bound to be paying attention and may well be quietly reassessing its stance,” Puckrin told BeInCrypto.
However, China has strategies beyond restarting its Bitcoin mining industry to undermine the United States’ dominance.
China’s Nuanced Approach Beyond US Influence
Even though China opposes the widespread use of cryptocurrencies domestically, it may still see value in digital assets to counterbalance the US dollar’s global currency dominance.
Several countries worldwide have either adopted or are considering central bank digital currencies (CBDCs) to strengthen their domestic currencies. China is at the forefront of these developments.
“Despite the ban on Bitcoin mining, China has actively participated in the digital asset space, through initiatives like CDBC research and the digital yuan, or e-CNY,” Wanchain CEO Temujin Louie told BeInCrypto.
In fact, China’s efforts to create a digital yuan are partly driven by its desire to de-dollarize its economy and lessen its dependence on the US dollar.
Louie also suggested that whatever move China makes, it won’t solely base its decision on what the US does or does not do.
That said, China’s decisions about digital currency will, in turn, affect how its position on crypto continues to develop.
“Weakening USD dominance, whether exacerbated or caused by President Trump’s approach to tariffs, may embolden China to be more aggressive in [its] efforts to internationalise the yuan, including the digital yuan, or e-CNY. Any change to China’s broader strategy will be reflected in [its] stance towards crypto,” he concluded.
China’s activity in other areas of international trade already proves how nuanced its policy changes tend to be.
Could China’s Conflicting Crypto Policies Signal a Change?
Aside from its appreciation of digital currencies like the e-CNY, China’s stance on crypto has already proven somewhat contradictory. These discrepancies may fuel the belief that the country might just be willing to revert—or at least soften—its total ban on mining.
A month ago, investment firm VanEck confirmed that China and Russia –two countries particularly burdened by US sanctions– are reportedly settling some of their energy trades using Bitcoin.
Russia and China are settling oil trades in BTC. I’ve heard first hand accounts of similar transactions with Venezuela. Full tankers are settled in BTC on the “grey” market. The U.S. Government crossed the Rubicon in 2022 by seizing Russian assets at the Federal Reserve and… pic.twitter.com/Y8OwJROw9W
“With the US dollar increasingly being used as a political lever –particularly in tariffed economies– other nations are actively exploring alternatives. Indeed, many countries around the world, including China and Russia, are already using Bitcoin as an alternative for trading in commodities and energy, for example. This trend is only going to accelerate as digital assets become a more prominent part of the global economy,” Puckrin told BeInCrypto.
According to Puckrin’s analysis of these indicators, China’s “shadow crypto economy” is projected to expand this year, which could result in a reassertion of its power. This resurgence would be primarily in response to de-dollarization efforts, rather than a reaction to US dominance in mining.
“We’ll likely see this activity ramping up in the near future, especially as more countries use crypto to bypass dollar-dominated systems,” he concluded.
It will remain crucial to interpret China’s intentions, especially regarding cryptocurrency, by observing its actions rather than relying solely on its official statements.
Standard Chartered sees strong potential in Binance Coin (BNB) and predicts a price increase to $1,275 by the end of 2025. This forecast is supported by consistent trading patterns, growing institutional attention, and recent ecosystem developments, including ETF filings, AI integration, and geopolitical support.
Standard Chartered Predicts BNB Price to Reach $1,275 by 2025
Standard Chartered has forecasted that Binance Coin (BNB) could climb to $1,275 by the end of 2025. The bank’s research team published the estimate based on BNB’s strong correlation with Bitcoin and Ethereum.
Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, stated in the report that BNB “has traded almost exactly in line with an unweighted basket of Bitcoin and Ethereum” since May 2021. The report further suggests that the same trend will continue over the next few years.
The forecast also includes a longer-term price target of $2,775 for the BNB price by the end of 2028. This would represent more than a fourfold increase from its current price of around $600. However, the report adds that while BNB may rise in price, it is expected to underperform Bitcoin and Ethereum in terms of market cap growth and returns.
Binance Chain Ecosystem Sees New Developments
Binance Coin’s outlook is also supported by several developments around the Binance ecosystem. Recently, asset manager VanEck filed an application to launch the first U.S.-listed BNB exchange-traded fund (ETF). If approved, this would increase institutional access to the token.
Binance has also introduced plug-and-play integration for AI through the Model Context Protocol (MCP). According to a blog post from BNB Chain, MCP allows secure, two-way communication between AI agents and blockchain systems. This integration is aimed at supporting DeFi, trading, and security use cases on the Binance Smart Chain and opBNB.
Additionally, BNB has gained geopolitical attention. On May 5, Binance co-founder Changpeng Zhao shared on X that he had advised Kyrgyzstan to include BNB in its national crypto reserves. The recommendation also included Bitcoin, strengthening BNB’s role in sovereign digital finance discussions.
Technical Setup Points to Potential Breakout
There are indications of a bullish pattern on the BNB price chart. Specifically, analysts have noted that the current formation has a pattern of a falling wedge, which is normally a reversal formation. Crypto analyst Wagmisaurus has noted that the price has respected zones of both support and resistance, which is evidence for the validity of this pattern.
The $500 to $530 horizontal zone was tested several times, and could offer the bulls a strong support area. The Binance Coin price has again pulled back to this zone on a bounce, which implies that buyers are actively defending this level at the moment. If BNB price breaks above the upper boundary of the wedge, the subsequent moves could be towards the resistance levels of $640 and $690.
Another factor that can be seen from the price action of the currency pair is that higher lows are being created hence it demonstrated less selling pressure. The situation will be confirmed by daily breakout above the wedge‘s upper trendline by the Binance Coin price. This would be in tune with the general market outlook and such events as the BNB ETF filing and AI Projects.
Onchain Metrics and Market Sentiment Support Price Stability
According to data from DeFiLlama, BNB Chain currently ranks as the fourth-largest Layer-1 network with nearly $6 billion in total value locked. The network’s activity is dominated by decentralized exchanges, which make up over 60% of its on-chain economy.
Standard Chartered noted that BNB Chain has slower developer growth than Ethereum and Avalanche. Still, this could lead to price consistency due to less speculative activity. Kendrick wrote that BNB’s stability may allow it to act as a “benchmark for digital asset prices.”
Source: Coinglass
Onchain sentiment also supports a possible breakout according to Coinglass. Despite negative funding rates over recent months, the BNB price has remained stable. This suggests bearish traders may be getting trapped, which could lead to a short squeeze if prices rise further. In addition, the reduced volatility in funding rates also hints at a potential large move ahead.
Tensions are heating up between India and Pakistan, following the former’s recent missile attack on the latter. This development is significant considering how it could negatively impact the crypto market, as war brings about market uncertainty.
India Retaliates Against Pakistan With Missile Attacks
According to a CNN report, India has launched a military operation against Pakistan, striking “terrorist infrastructure” in both Pakistan and the country’s administered Kashmir. According to the Indian Ministry of Defense, these steps come in the wake of the barbaric Pahalgam terrorist attack, which killed 25 Indians and one Nepali citizen.
The statement also stated that the attacks were focused, measured, and non-escalatory in nature, as no Pakistani military bases were targeted. However, Pakistan claimed that the strikes killed three civilians and injured twelve others.
Pakistani military spokesperson Ahmed Sharif Chaudhry made it clear that they plan to retaliate, which will further escalate tensions. Pakistan’s prime minister also stated that they are responding to India’s attack. The country has allegedly already shot down two Indian jets in retaliation for strikes on its “territory.”
Meanwhile, in an X post, the Indian army stated that Pakistan has again violated the ceasefire agreement by firing artillery in Bhimber Gali in the Poonch-Rajauri area. The army remarked that they are responding appropriately in a “calibrated manner.”
This development could significantly impact the crypto market, possibly leading to a crash. Following the attacks, the Bitcoin price sharply dropped below $95,000.
Crypto analyst Crypto TA King noted how a full-blown war could harm the market. Analyst Crypto King also predicted this could be a red market week, unless the India-Pakistan attacks settle.
Meanwhile, US President Donald Trump commented on the attack, stating that he hopes it ends quickly. The missile strikes comes just a day after India made big concessions in Trump’s trade war, another external factors which continues to hinder a crypto market rally to new highs.
Ethereum price struggles below $1,800, as geopolitical risks overshadowing bullish sentiment from the Petra upgrade protocol.
Ethereum Golden Cross Holds for 7 Days, ETH Price $1,900 Target in Sight
Ethereum price forecast today leans bullish as ETH sustains a seven-day Golden Cross, reinforcing near-term upside potential.
The price remains above the key 50-day Simple Moving Average (SMA) at $1,779 and has hovered closely under the 7-day SMA at $1,818.13. This crossover, where the 7-day SMA moved above both the 30-day, and 50-day average price leves, historically signals short-term bullish momentum in place.
As long as ETH price closes above the 50-day SMA ($1,779), the bullish structure could remains intact.
Ethereum price forecast today | ETHUSD
The Moving Average Convergence Divergence (MACD) reinforces this upside bias. With the MACD line at 11.17 and the signal line at 10.04, the histogram remains in bullish territory, though momentum has slightly faded from its April peak.
However, failure to defend $1,779 would shift bearish focus to $1,693, where the 50-day SMA offers deeper support.
Ethereum Price Tumbles Under $1,800 Despite Pectra Optimism
Though lacking the narrative splash of the Ethereum merge in 2022, Pectra’s technical depth is drawing praise from within the ecosystem.
Despite this, Ethereum price has dropped below $1,800, posting a 2.4% daily loss and a 2.3% weekly decline, according to Coinckeco data.
The correction coincided with rising geopolitical instability and temporary liquidity constraints, pulling market sentiment into risk-off territory.
Ethereum price action, May 6, 2025 | Source: Coingecko
On Tuesday, May 6, unconfirmed reports emerged that India had launched a missile strike on Pakistani military targets, triggering a surge in regional tension and unsettling global risk markets.
The news broke just hours before Ethereum’s scheduled upgrade, casting a shadow over one of the protocol’s most consequential milestones.
The pullback was further compounded by Coinbase’s temporary suspension of ETH deposits and withdrawals. Although a standard safeguard during network transitions, the pause could heighten market panic, with traders and institutional market-makers already on alert due to the South Asia conflict.
Ethereum briefly touched a 24-hour low of $1,757, neutralizing the positive sentiment surrounding the Pectra upgrade. While developers remain focused on long-term protocol health, traders appear hesitant to deploy capital amid global uncertainty and short-term volatility.
Ethereum Pectra Upgrade Marks a New Era for Scalability
Ethereum is set to network the highly anticipated Pectra Upgrade on May 7, 2025, marking its most significant technical overhaul since the Merge.
The update combines the Prague execution layer and Electra consensus layer, introducing 11 Ethereum Improvement Proposals (EIPs) aimed at improving scalability, validator operations, and end-user functionality.
A centerpiece of the upgrade is EIP-7702, proposed by co-founder Vitalik Buterin, which enables account abstraction for externally owned accounts (EOAs).
The feature allows EOAs to temporarily function like smart contracts, supporting programmable wallet logic and gasless transactions, key to mass adoption and wallet innovation.
Ethereum core developer Tim Beiko emphasized the impact of EIP-7594 and EIP-7691, which optimize blob transactions for rollup chains and improve data availability for Layer 2s.
“Pectra boosts validator UX and doubles blob count for Layer 2 scaling. This is our biggest upgrade since the Merge… EIP-7251 enables efficient solo staking, and EIP-7702 allows EOAs to act like smart contracts—unlocking account abstraction-style features in a backwards-compatible way.” Tim Beiko said.
Major infrastructure players are preparing accordingly. Coinbase will pause ETH deposits and withdrawals from 2:50 AM to 3:45 AM PT on May 7 to ensure user fund safety during the transition.
Experts are weighing the impact of this upgrade to Ethereum price as traders expect it to finally boost ETH stalling price action.
In the latest XRP news; over 300,000 addresses now hold at least 10,000 XRP signalling whales are accumulating amid rising geopolitical uncertainty . The data shows sharp rise in XRP adoption while the XRP price stalls near the $2.2 zone. Will this accumulation fuel the XRP price rally?
XRP Whale Adoption Trend Grows
According to the X update with an accompanying Glassnode chart, the surge in whale accumulation is not commensurate with the price trend. From December 2024 to date, the number of addresses holding a minimum of 10,000 XRP has grown from around 281,000 to 300,000.
XRP Whale Accumulation Trend. Source: X
Ripple whales’ coin movement and accumulation generally shape the market’s direction, signaling confidence in the underlying asset. While the XRP burn rate is minimal, whale actions remain the next major metric used to gauge the health of the ecosystem.
As reported earlier by CoinGape, over 200 million XRP were acquired by Ripple whales recently, fueling the likelihood of a price breakout. However, the broader market uncertainty has continued to weigh down the top altcoin from a breakout.
Will XRP Price Make a comeback?
At the time of writing, the price of XRP was changing hands for $2.13, down by 0.6% in the past 24 hours. This price drawdown has seen the coin shed over 6% in the past week, despite maintaining a 7% uptick over the trailing 30-day period.
Amid the uncertainty ahead of the FOMC Meeting and its impact on risk on assets like Bitcoin and XRP, market analyst CasiTrades has issued a conservative outlook for the latter coin.
XRP Price Whale Accumulation
According to CasiTrades on X, the XRP price is building momentum for a potential breakout. While identifying support around $2.078 and $2 for the coin, she noted that this level has served as a pivot before now. In her opinion, the XRP Relative Strength Index (RSI) shows exhaustion on lower timeframes.
It is key to notify that price may first flush to $1.9 before making a sharp recovery. This serves as a good price level to pile up long bids.
Should these supports hold, the digital currency may break above $2.25, $2.68, and beyond if XRP whale sustains their buyups.
Fundamental Catalysts Holding Up
While the digital currency’s technical trends are adding up, its overall ecosystem trend is also fueling optimism. Ripple Labs has continued to advance its business with a $5 billion bid on Circle, the USDC stablecoin issuer.
Although the bid was reportedly rejected, the company is still primed to advance its business reach with its recent acquisition of Hidden Road, a prime brokerage firm.
XRP ETF futures products are trading at a premium as the general whale adoption trend has spread to the derivatives market. Overall, the expectations of a long-term price breakout remain to watch over the coin.
US President Donald Trump is inching toward a major announcement in the coming days as trade negotiations reach a crescendo. US Treasury Secretary Scott Bessent says the US is in talks with 17 key trade partners, hinting at a seismic announcement capable of jolting the crypto market.
Donald Trump Negotiates With Key Trade Partners Amid Global Tariff Warfare
As tariffs heat up, US Treasury Secretary Scott Bessent says the US is in talks with 17 out of 18 key trade partners. According to an X post by the pseudonymous Walter Bloomberg, the discussions revolve around Trump tariffs and fresh concessions being offered by US trade partners.
Bessent testified before the House Appropriations Subcommittee on Financial Services and General Government, confirming ongoing discussions. Per Bessent, the lone nation not engaged in trade negotiations with Donald Trump is China, noting that a major announcement is in the offing.
“I would think that perhaps as early as this week, we will be announcing trade deals with some of our largest trading partners,” said Bessent.
Already, India has offered big concessions in the trade war with the US, providing a template for incoming trade deals.
Details of the announcements are under wraps, but a consensus is that the US will lower tariffs on key imports. A previous Coingape report anticipates a UK-US pact to lower steel and car export tariffs this week.
Crypto Markets Prepare For Seismic Announcement
Scott Bessent’s disclosure of an incoming ‘major announcement’ by Donald Trump has whipped the crypto markets into a frenzy. However, in the minutes following the disclosures, Bitcoin’s daily trading volume rose to $23 billion while prices gained a modest 1% as investors brace for impact.
While investors have their eyes peeled on trade negotiations, emerging reports indicate an incoming “earth-shattering” announcement by President Trump.
“It’s not about trade. It’s about something else,” wrote financial commentary platform The Kobeissi Letter. “A positive development for this country.”
This comes barely hours after India launched a volley of missiles into Pakistan, sparking concerns of a potential crypto crash. Pseudonymous cryptoanalyst Crypto TA King warns that an all-out military conflict between the two nations will adversely affect crypto prices.
As the spectre of bearishness hangs around the market, key declarations by Donald Trump can prop up cryptocurrency prices. Opening discussions with China is a potential needle-moving event, capable of triggering a cryptocurrency rally for the broader market.
On-chain data analysis shows the overall demand for Chainlink by whale investors has gradually increased in the last week.
LINK price has depicted a high correlation with BTC price in the past 30 days, amid rising bullish sentiment.
Chainlink (LINK) price has been battling short-term bearish sentiment after recording an impressive bullish breakout in April 2025. The mid-cap altcoin, with a fully diluted valuation of about $13.4 billion and a 24-hour average trading volume of about $261 million, had dropped around 9 percent in the last seven days to trade at $13.43 on Tuesday, May 6, during the late North American trading session.
However, the gradual rebound of LINK’s Futures Open Interest (OI) to about $583 million at the time of this writing, signals the rerun of robust bullish sentiment.
Robust Fundamentals for Chainlink Network
The Chainlink Network has grown significantly in the past year bolstered by the mainstream adoption by institutional investors. As Coinpedia reported, the Chainlink network reports more than a dozen DeFi integrations to its products. Moreover, the Chainlink ecosystem offers reliable on-chain oracle data to enable scalable development of web3 protocols.
For instance, AAVE’s GHO has grown by over 530 percent since adopting Chainlink’s cross-chain token standard to over $210 million.
Meanwhile, on-chain data analysis from IntoTheblock shows that the Chainlink network recorded a $348.15 billion surge in large transaction volume during the past 30 days.
Midterm Expectations for LINK Price
In the four-hour timeframe, Chainlink’s price has been forming a bullish continuation pattern, characterized by a falling wedge in a rising market. At the time of this writing, LINK price had not confirmed a bullish breakout from the rising wedge, but the mounting pressure signals an imminent breakout.
Furthermore, LINK price has recorded a 0.9 out of 1 price correlation with Bitcoin in the past 30 days. As a result, a consistent close above $14 in the coming days will propel a rally toward the next target of around $19 in the coming weeks.
The post Chainlink Price Analysis: When Will LINK Retest $19? appeared first on Coinpedia Fintech News
On-chain data analysis shows the overall demand for Chainlink by whale investors has gradually increased in the last week. LINK price has depicted a high correlation with BTC price in the past 30 days, amid rising bullish sentiment. Chainlink (LINK) price has been battling short-term bearish sentiment after recording an impressive bullish breakout in April …
Virtuals Protocol (VIRTUAL) is down 15% in the last 24 hours after rallying an impressive 200% over the past 30 days. This pullback comes as the token tests a key resistance level around $1.53, while trend indicators show signs of weakening momentum.
At the same time, Smart Money wallets have increased their holdings by 14.4% in the last week and have held steady since May 2—suggesting confidence in the longer-term outlook. VIRTUAL stands at a technical and psychological crossroads. Traders are watching closely to see whether it can build toward a breakout above $2 or slide back to support at $1.19.
Smart Money Holds Steady as VIRTUAL Pulls Back 15%
The number of VIRTUAL tokens held by Smart Money wallets on Ethereum has increased by 14.4% over the past week, rising sharply from 16.49 million to 18.57 million on May 2, and remaining steady around 18.54 million since then.
Despite its recent price pullback, this growth signals that some of the most sophisticated on-chain participants have been accumulating exposure to VIRTUAL.
The sharp rise followed by stability suggests Smart Money wallets may be holding in anticipation of further upside, especially after the token posted a 209% gain in the last 30 days, making it one of the best-performing altcoins in the market.
The recent 15% dip in the last 24 hours hasn’t yet triggered widespread selling among these wallets, which may reflect patience rather than panic.
This holding pattern could signal confidence in continuing the broader uptrend or at least a strategic pause before reallocating.
While not guaranteeing future gains, steady Smart Money holdings in the face of short-term volatility are often a positive signal for longer-term momentum.
The BBTrend (Bollinger Band Trend) is a volatility-based indicator that measures the strength and direction of a trend by analyzing the expansion and contraction of Bollinger Bands.
Values above zero suggest a bullish trend, with higher readings indicating stronger momentum. Since April 24, VIRTUAL’s BBTrend has stayed in positive territory—signaling consistent bullish behavior for nearly two weeks.
The current reading of 6.76 still reflects a positive trend, but the steep drop shows that momentum is cooling off. While this doesn’t necessarily signal an imminent reversal, it suggests that the explosive pace seen in recent days is slowing.
Traders should watch whether the BBTrend continues to decline or stabilizes—either could shape whether VIRTUAL regains strength or dips further.
At a Crossroads: Will VIRTUAL Breakout Above $2 or Pull Back to $1.19?
VIRTUAL is currently trading just below a key resistance level around $1.53. If buying momentum returns—particularly with renewed interest in crypto AI agents—VIRTUAL could test $1.89 in the near term.
A successful breakout there would pave the way for a possible move above the $2 mark, a level it hasn’t reached since January 30.
