A suspicious post from John Deaton’s X account has raised concerns of a possible hack. This prompted Ripple Labs’ Chief Technology Officer to issue a public warning, advising followers to refrain from engaging with the account. He placed the embargo until John Deaton could confirm that the account was compromised.
Suspected Post from John Deaton
In a recent development, well-respected crypto lawyer John Deaton, taking to the X platform shared a message promoting Arch Public, a cryptocurrency-related platform.
As detailed, the post also tagged notable names like crypto exchange Gemini, making it appear like an endorsement. However, long-time followers of Deaton found it strange.
As his previous social media post shows, John Deaton is widely known for defending XRP holders and supporting regulatory clarity in crypto. He recently advocated for releasing Hinman documents in a crypto case for more clarity
His usual posts focus on legal battles, industry policy, and crypto rights. However, the Arch Public post stood out. Some market participants mentioned that it lacked any background, explanation, or context that normally comes with his advocacy updates.
The Ripple CTO Flag and Community Reaction
It is worth noting that the gap in tone and content is what made Ripple CTO David Schwartz step in. Commenting on the post, he warned John Deaton’s followers and the community not to trust the message until Deaton confirmed it was real.
According to the CTO, the post looked wrong in many ways, and he urged the lawyer’s 354,000 followers to remain cautious.
His concern sparked reactions from other users. Many began questioning whether Deaton’s account had been taken over, especially with the unusually long silence. Others shared screenshots of the post, highlighting the red flags in its writing.
Meanwhile, in his recent X post, Deaton appreciated the community’s concern but pointed out some misinformation. He promised to go live on X at 3 PM EST on April 16, 2025, to address any questions.
Crypto Hacks Soar in the Industry
This incident comes amid a wave of recent hacks in the crypto space. According to reports earlier this week, KiloEx, a decentralized exchange, lost $7.5 million.
According to the update, hackers exploited weaknesses in the platform’s pricing mechanism. This hack ultimately led to a sharp drop of nearly 32% in the value of its native token, KILO.
The attack targeted BNB Smart Chain, Base, and Taiko, three core blockchains supporting KiloEx’s multi-chain operations.
As reported by CoinGape, on April 15, zkSync suffered a breach as well. Hackers got into an airdrop admin account and minted 111 million ZK tokens, which caused the price of the token to drop by 12%.
Fifteen days into April, Ripple (XRP) price has endured volaltile swings. Reacting to recent catalysts ranging from RLUSD rollout to wew SEC Chair Paul Atkins’ confirmation—prominent analysts have pegged bold XRP price forecasts between $1.80 and $4.50.
Ripple ( XRP) Predictions for April Diverge Widely as Market Volatility Mounts
In March 2025, Ripple secured a resounding win in its long-running case with the US Securities and Exchange Commission. This positive catalyst prompted many investors, market watchers and prominent cryptocurrency analysts to make audacious price predictions for April 2025.
However, with the month now at the half-way mark, fresh developments in the US trade war and new crypto-friendly SEC chief Paul Atkin’s finally taking office have pulled XRP in different volatility swings. This examines the biggest XRP price prediction for April 2025 have fared so far.
1. Changelly $2.12 support forecast still play
According to Changelly, a widely used crypto exchange known for its algorithmic forecasts, XRP is expected to trade between $2.12 and $4.52 this month, citing increasing volume and strong momentum.
That prediction arrived just days after Ripple price surged 10% in 24 hours to reach $1.99, driven by Bitcoin’s bullish move and a marketwide uptick in sentiment following the Trump administration’s decision to pause tariff hikes on key Chinese imports.
Other analysts have echoed similar short-term bullishness. Crypto trader Hali_uzzi noted XRP’s fundamentals are strengthening, particularly due to the rollout of Ripple’s new U.S.-dollar stablecoin, RLUSD, and expanding institutional adoption.
The trader estimates a range of $2.50 to $3.00 in April, with the potential to climb toward $15 by May if adoption trends persist.
3. Investorie’s conservative outlook signals consolidation around $2.30
Meanwhile, another analyst posting under the Investorie pseudonym issued a more measured view, forecasting an April trading range between $1.80 and $2.90, with $2.30 labeled as the “realistic” price level.
Analyst ‘Investorie’ XRP Price Prediction
This aligns closely with XRP’s recent technical structure, which shows support around $1.85 and resistance near the psychological $2.50 mark.
4. Cryptogeek $58,000 hype falters under bearish market sentiment
However, not all predictions have been tethered to market realities. A viral post by CryptoGeekNews citing Forbes projected an astronomical price of $58,000 per XRP—a level that would imply a market cap larger than the entire global money supply. While such extreme targets often capture attention, analysts widely regard them as speculative and not grounded in institutional flows or historical precedent.
Cryptogeek XRP Price Prediction for April 2025
Binance was referenced in an earlier post suggesting XRP could hit $600 in 2025, though no direct source was provided, and no mention was made of April-specific targets.
The post, however, speaks to the growing buzz surrounding a potential XRP ETF, which remains a topic of interest among investors betting on Ripple’s regulatory clarity and its real-time fiat settlement use case.
Looking Ahead:
Looking ahead, XRP’s ability to sustain April’s gains will likely depend on macroeconomic stability, crypto market leadership from Bitcoin, and Ripple’s success in onboarding institutions to the RLUSD framework. While triple- or quadruple-digit predictions make for sensational headlines, most expert analysts agree that a realistic target range for XRP this month sits between $2.30 and $4.50, barring any unforeseen catalysts.
XRP Price Forecast Today: Eyes $2.35 With Bullish Momentum Building Above Key Support
XRP price is showing weakened bullish strength after reclaiming the mid-Bollinger Band level near $2.02,this week. However market volume indicators suggest upside continuation is possible if momentum holds.
Indicators on the 12-hour candle, shows XRP trades at $2.11, sitting comfortably above the Parabolic SAR at $1.83, which flips bullish when price closes above the blue dots. This alignment supports the case for an extended move higher, potentially toward the upper Bollinger Band at $2.27, with an intraday target of $2.35 if volume follows through.
XRP Price Forecast Today
While short-term price action has consolidated sideways, the contraction of the Bollinger Bands hints at an imminent breakout. A close above the March resistance zone near $2.20 could trigger that move. However, the Volume Delta shows persistent net selling over the past 48 hours, indicating weakened conviction behind the rally. A failure to break above $2.27 could invite sellers to retest the $2.02 mid-band and potentially expose the lower support zone at $1.76. Bulls need to maintain momentum or risk bearish reversal pressure creeping back in.
A group of veteran derivatives and FX traders in the US are launching USDi, a stablecoin designed to adjust its price in line with inflation. Its value will change regularly based on Consumer Price Index (CPI) data and the performance of Treasury Inflation-Protected Securities (TIPS).
Founder Michael Ashton aims to offer an asset that maintains purchasing power by minimizing exposure to inflation risk. However, with intense competition in the stablecoin market, USDi will need strong early traction to carve out its place.
Today, derivatives trader Michael Ashton announced USDi, a stablecoin built to fight inflation.
“The riskless asset doesn’t actually currently exist, and that’s inflation-linked cash. Holding cash is an option on future opportunities, and the cost of that option is inflation. If you create inflation-linked cash, that’s the end of the risk line,” Ashton claimed.
Investors have been using crypto to hedge against inflation for years, but USDi is a novel approach to the problem. Ashton joined two co-founders, an FX veteran, and a technical specialist, to create the firm USDi Partners LLC.
USDi is a stablecoin that is correlated with the dollar but isn’t pegged to it. Instead, it will loosely orbit the dollar, but its value will fluctuate alongside US inflation.
That prospect may seem convoluted, but a simple system defines the stablecoin’s value. Essentially, Ashton claimed that USDi would rise in accordance with regular CPI reports, calculating the total inflation since a predetermined start date.
This date is December 2024, so it’s still quite close to the dollar. Today, for example, USDi’s price is $1.00863.
The novel stablecoin is inspired by the Treasury Inflation-Protected Securities (TIPS), a government bond designed to protect against inflation. Since CPI reports only happen once per month, Ashton will adjust USDi’s price in accordance with more frequent data used by TIPS investors.
To maintain this system, Ashton will manage a fund that acts as the stablecoin’s reserves. USDi Partners will mint and burn tokens according to the daily level of inflation, plus a small transaction fee.
Only accredited investors can partake in the initial launch, but USDi Partners hasn’t announced an official release date.
In short, USDi seems like a unique approach to the crypto economy, but the stablecoin market is full of competition. Ideally, Ashton and his co-founders will be able to get some early traction to get this project off the ground.
If it proves successful, it can help demonstrate the versatility of crypto’s practical applications.
Hedera (HBAR) has lost its $7 billion market cap as bearish momentum builds. Trading volume is down 25% in the last 24 hours to $203 million. Key technical indicators are weakening, pointing to growing pressure on the current trend.
The BBTrend has dropped below 10, the RSI is now under 50, and a potential death cross looms on the EMA lines. Unless buying pressure returns soon, HBAR could face deeper corrections in the near term.
Hedera BBTrend Is Still Positive, But Going Down
Hedera’s BBTrend has dropped to 5.84, falling sharply from 11.99 just two days ago. The BBTrend, or Bollinger Band Trend indicator, measures the strength of a trend based on how far the price deviates from its average range.
Readings above 10 typically signal a strong and active trend, while lower values suggest weakening momentum or consolidation.
With RSI now below the neutral 50 mark, it suggests that sellers are gaining more control. An RSI around 44.67 points to weakening demand and could mean that HBAR is entering a consolidation phase or facing mild downward pressure.
If the RSI continues to fall, it could lead to a deeper correction unless buyers step back in.
Will Hedera Fall Below $0.15?
Hedera’s EMA lines are signaling a potential death cross, a bearish formation that could lead to increased downside pressure. If this pattern is confirmed, Hedera price may first test two nearby support levels at $0.156 and $0.153.
These levels have recently acted as short-term cushions, and losing them could trigger a sharper drop.
A breakdown below both supports could open the way toward $0.124, especially if selling momentum accelerates. On the flip side, if HBAR can regain strength and push above the $0.168 resistance, it could shift sentiment back in favor of the bulls.
A breakout there may lead to further gains toward $0.178 and potentially $0.20 if the uptrend builds enough momentum.
China’s recent directive for its state-owned banks to decrease reliance on the US dollar has amplified a growing trend among countries seeking alternatives to the dominant reserve assets. In some instances, Bitcoin has emerged as a viable competitor.
BeInCrypto spoke with experts from VanEck, CoinGecko, Gate.io, HashKey Research, and Humanity Protocol to understand Bitcoin’s rise as an alternative to the US dollar and its potential for greater influence in global geopolitics.
The Push for De-Dollarization
Since the 2008 global financial crisis, China has gradually reduced its reliance on the US dollar. The People’s Bank of China (PBOC) has now instructed state-owned banks to reduce dollar purchases amid the heightened trade war with US President Donald Trump.
China is among many nations seeking to lessen its dependence on the dollar. Russia, like its southern neighbor, has received an increasing number of Western sanctions– especially following its invasion of Ukraine.
Furthermore, Rosneft, a major Russian commodities producer, has issued RMB-denominated bonds, indicating a shift towards RBM, the Chinese currency, and a move away from Western currencies due to sanctions.
This global shift away from predominant reserve currencies is not limited to countries affected by Western sanctions. Aiming to increase the Rupee’s international use, India has secured agreements for oil purchases in Indian Rupee (INR) and trade with Malaysia in INR.
The country has also pursued creating a local currency settlement system with nine other central banks.
As more nations consider alternatives to the US dollar’s dominance, Bitcoin has emerged as a functional monetary tool that can serve as an alternative reserve asset.
Why Nations Are Turning to Bitcoin for Trade Independence
Interest in using cryptocurrency for purposes beyond international trade has also grown. In a notable development, China and Russia have reportedly settled some energy transactions using Bitcoin and other digital assets.
“Sovereign adoption of Bitcoin is accelerating this year as demand grows for neutral payments rails that can circumvent USD sanctions,” Matthew Sigel, Head of Digital Assets Research at VanEck, told BeInCrypto.
Two weeks ago, France’s Minister of Digital Affairs proposed using the surplus production of EDF, the country’s state-owned energy giant, to mine Bitcoin.
Last week, Pakistan announced similar plans to allocate part of its surplus electricity to Bitcoin mining and AI data centers.
Meanwhile, on April 10, New Hampshire’s House passed HB302, a Bitcoin reserve bill, by a 192-179 vote, sending it to the Senate. This development makes New Hampshire the fourth state, after Arizona, Texas, and Oklahoma, to have such a bill pass a legislative chamber.
If HB302 is approved by the Senate and signed into law, the state treasurer could invest up to 10% of the general fund and other authorized funds in precious metals and specific digital assets like Bitcoin.
According to industry experts, this is only the beginning.
VanEck Predicts Bitcoin to Become a Future Reserve Asset
Sigel predicts Bitcoin will become a key medium of exchange by 2025 and, ultimately, one of the world’s reserve currencies.
His forecasts suggest Bitcoin could settle 10% of global international trade and 5% of global domestic trade. This scenario would lead to central banks holding 2.5% of their assets in BTC.
According to him, China’s recent de-dollarization will prompt other nations to follow suit and lessen their reliance on the US dollar.
“China’s de-dollarization efforts are already having second- and third-order effects that create opportunities for alternative assets like Bitcoin. When the world’s second-largest economy actively reduces its exposure to US Treasuries and promotes cross-border trade in yuan or through mechanisms like the mBridge project, it signals to other nations—especially those with strained ties to the West—that the dollar is no longer the only game in town,” Sigel said.
For Zhong Yang Chan, Head of Research at CoinGecko, these efforts could prove catastrophic for the United States’ dominance.
“Broader de-dollarization efforts by China, or other major economies, will threaten the status of the dollar’s global reserve currency status. This could have [a] profound impact on the US and its economy, as this would lead to nations reducing their holdings of US treasuries, which the US relies on to finance its national debt,” he told BeInCrypto.
However, the strength of the US dollar and other dominant currencies has already shown signs of weakening.
A General Wave of Currency Decline
Sigel’s research shows that the four strongest global currencies—the US dollar, Japanese yen, British pound, and European euro—have lost value over time, particularly in cross-border payments.
The decline of these currencies creates a void where Bitcoin can gain traction as a key alternative for international trade settlements.
“This shift isn’t purely about promoting the yuan. It’s also about minimizing vulnerability to US sanctions and the politicization of payment rails like SWIFT. That opens the door for neutral, non-sovereign assets—especially those that are digitally native, decentralized, and liquid,” Sigel added.
This lack of national allegiance also sets Bitcoin apart from traditional currencies.
Bitcoin’s Appeal: A Non-Sovereign Alternative
Unlike fiat money or central bank digital currencies (CBDCs), Bitcoin doesn’t respond to any one nation, which makes it appealing to some countries.
For Terence Kwok, CEO and Founder of Humanity Protocol, recent geopolitical tensions have heightened this belief.
For these same reasons, experts don’t expect Bitcoin to replace fiat currencies fully but rather provide a vital alternative for certain cases.
A Replacement or an Alternative?
While Bitcoin offers several advantages over traditional currencies, Gate.io’s Kevin Lee doesn’t foresee its eventual adoption causing a complete overhaul of the currency reserve system.
Recent data confirms this. The number of Bitcoin transactions has fallen significantly since the last quarter of 2024. Bitcoin registered over 610,684 transactions in November, but that number dropped to 376,369 in April, according to Glassnode data.
The number of Bitcoin active addresses paints a similar picture. In December, the network had nearly 891,623 addresses. Today, that number stands at 609,614.
Bitcoin number of active addresses. Source: Glassnode.
This decline suggests reduced demand for its blockchain in terms of transactions, usage, and adoption, meaning fewer people are actively using it for transfers, business, or Bitcoin-based applications.
Meanwhile, the Bitcoin network must also ensure its infrastructure is efficient enough to meet global demand.
Can Bitcoin Scale for Global Use?
In 2018, Lightning Labs launched the Lightning Network to reduce the cost and time required for cryptocurrency transactions. Currently, the Bitcoin network can only handle around seven transactions per second, while Visa, for example, handles around 65,000.
“If expansion solutions (such as the Lightning Network) fail to become popular, Bitcoin’s ability to process only about 7 transactions per second will be difficult to support global demand. At the same time, as Bitcoin block rewards are gradually halved, the decline in miners’ income may threaten the long-term security of the network,” Guo, Director of HashKey Research explained.
While the confluence of geopolitical shifts and Bitcoin’s inherent characteristics undeniably create a space for its increased adoption as an alternative to the US dollar and even a potential reserve asset, significant hurdles remain.
Achieving mainstream Bitcoin adoption hinges on overcoming scalability, volatility, regulatory hurdles, stablecoin competition, and ensuring network security.
The unfolding panorama suggests Bitcoin will carve out an important role in the global financial system, though a complete overhaul of established norms seems unlikely in the immediate future.
The Solana community and crypto market are watching closely as the world’s first spot Solana ETFs prepare to launch in Canada tomorrow, April 16, 2025. With this key launch, the speculation has also grown about whether this milestone could push SOL’s price toward the $200 mark.
The Ontario Securities Commission (OSC) has approved multiple ETF issuers, including Purpose, Evolve, CI, and 3iQ, to list their products. This could potentially open Solana to a new class of institutional investors.
Comparing Past ETF Launches To Solana ETF
Bloomberg ETF analyst Eric Balchunas offers a measured perspective on expectations for the Solana ETFs. He noted that “Canada is readying spot Solana ETFs to launch this week after regulator gave green light to multiple issuers, including Purpose, Evolve, CI, and 3iQ. ETFs will include staking via TD.”
Canada is readying spot Solana ETFs to launch this week after regulator gave green light to multiple issuers incl Purpose, Evolve, CI and 3iQ. ETFs will include staking via TD pic.twitter.com/FSw149Xkm4
However, Balchunas cautions against expecting too dramatic a market reaction based on previous altcoin ETF launches. He points out that “the 2 Solana ETFs in US (which track futures so not a perfect ginnea pig) haven’t done much. Very little in aum. The 2x XRP already has more aum than both the Solana ETFs and it came out after.”
This is supported by Volatility Shares Solana ETF (SOLZ) statistics, which launched in March as the first financial derivative-based ETF tracking Solana. SOLZ has accumulated only approximately $5 million in net assets as of April 14. This reflects relatively weak investor interest in Solana ETF products to date.
The reception by Canadian investors may vary from U.S. futures-based products. However, experience has shown that investors must have realistic expectations towards short-term pricing effects.
Analyst SOL Price Forecasts Provide Divergent Outlook
Market analysts are offering varying estimates of SOL price prospects following the listing of the ETF. Some are predicting gains, while others are more cautious in their estimates, according to current market trends.
CoinGape has also published a detailed Solana prediction for April 2025. Analyst MANDO CT expressed optimism about the development, tweeting: “Bullish for the SOL community! ‘The world’s first spot Solana ETF is expected to launch on April 16th!’.
This positive sentiment was shared as SOL touched its “HIGHEST $SOL/ ETH WEEKLY CLOSE IN HISTORY” on April 14.
Analyst Momin suggests conditional upside. He noted: “Solana usually front-runs the market. If we see $SOL close above $120 on weekly, expecting it to visit $180 in [the] coming weeks!” However, Momin also cautions that “macro is uncertain due to random decisions.”
Solana usually front-runs the market
If we see $SOL close above $120 on weekly, expecting it to visit $180 in coming weeks!
Onchain activity seems back in action, expect some good plays & action for the next few weeks!
One of the more bullish perspectives comes from analyst BitBull, who draws parallels to Ethereum’s 2021 performance: “SOL 2025 = $ETH 2021. Just like Ethereum’s run in 2021, Solana is setting up for a massive move in 2025.” BitBull identifies an “Accumulation Zone: $120–$130” with a target of $300+, based on pattern congruity in chart behavior between SOL and ETH’s historical performance.
With all these points kept in mind, it is extremely unlikely that the Canada Solana ETF launch can propel the SOL price towards $200 in the short term. Assuming that the overall market is bullish and with continued fund inflows through the ETFs, Solana can witness a price surge in the short term.
OpenAI, the parent company of ChatGPT, is building a new social media platform to compete with Elon Musk’s X. Sources close to the firm disclosed that the platform will focus on sharing ChatGPT-generated images. This move could spark fresh competition in the social media space.
The OpenAI Social Media App
As reported by The Verge, OpenAI has begun testing an early version of a social app. The prototype is built around a feed that allows users to share images created using ChatGPT’s image generation tool.
Per the update, the platform is still under development. However, insiders revealed that it is already functional to some degree. The company’s CEO, Sam Altman, has been discreetly gathering feedback from people outside the company.
Known to take on competitors, the firm has introduced different products this year. As reported by CoinGape, in response to DeepSeek, the AI firm launched ChatGPT Gov, a move designed to drive security and efficiency. The company hopes to build on this momentum.
While it remains unclear whether this new social platform will be a part of the ChatGPT app or a completely separate product, the aim is clear: to give people a space to share visually striking content powered by OpenAI’s technology.
The platform’s design supports easy sharing of creative posts, focusing on making content stand out. There is no official release date for now, and OpenAI has yet to comment on the development.
However, this direction fits a growing trend among tech companies using social platforms to collect fresh data that improves their systems. By launching its app, OpenAI would gain direct access to content and user interactions, much like its competitors.
Can It Match The Elon Musk Everything App, X?
OpenAI’s new project will likely find itself going head-to-head with Elon Musk’s X, formerly known as Twitter. Musk’s platform has grown into a space for real-time discussions, news, and user opinions. It also plays a key role in feeding data to Musk’s AI assistant, Grok.
Earlier this year, Musk made headlines with a $97.4 billion offer to buy OpenAI. At the time, Sam Altman declined the offer with a light jab, saying he could buy X for less.
The rivalry between the two tech leaders is no secret, and this social media move could intensify it. OpenAI now faces the task of creating a platform that captures users’ interest without mirroring X’s established format.
OpenAI Sees Confidence Boost With Ghibli Trend
It is important to say that OpenAI’s recent breakthrough with the Ghibli trend may be fueling confidence in this new direction.
After the release, social media was flooded with anime-style images made using ChatGPT. The buzz grew stronger when Elon Musk shared a Ghibli-themed post; igniting takes of a possible $2 retest for Dogecoin.
Interestingly, the product’s rise in popularity pushed ChatGPT to become the most downloaded app last month. This level of attention suggests that OpenAI already has what it takes to drive interest in its new platform.
A recent security breach has led to a significant drop in the ZK price, as hackers managed to drain $5 million worth of tokens from a compromised admin account.
The attack, which targeted the ZKsync protocol, triggered a sharp decline in the value of the ZK token, which had been experiencing positive momentum since its launch in June 2024.
Details of the ZKsync Security Breach
On April 15, the ZKsync security team confirmed that an attacker had gained control of an admin account managing the airdrop contract. The hack involved the creation of roughly 111 million unclaimed ZK tokens, which were then embezzled. The attacker successfully utilized this vulnerability by invoking the sweepUnclaimed() function to create and transfer the unclaimed tokens.
The admin account exploited and controlled the airdrop contract, a counter that distributed ZK tokens to users.
The minting transaction added approximately 0.45% of the total ZK token supply to the circulating supply of the tokens. The lost tokens were pegged at about $5 million. The attack only affected the airdrop distribution smart contracts; other contracts within the ZKsync protocol were not impacted.
User Funds Remain Safe
The ZKsync team reassured users that no user funds were at risk during the attack. The protocol and the ZK token contract remained secure. In a post on X, the security team stated, “All user funds are safe and were never at risk,” adding that “necessary security measures” were being taken. They also emphasized that the incident was isolated and confined to the airdrop contract.
According to the team investigation, the compromised admin account’s address was identified, and the ZKsync team will work with organizations to recover the stolen funds.
They also encourage the attacker to contact them for negotiations regarding the return of the stolen tokens. “We are coordinating the recovery efforts with @_seal_org and exchanges,” the team mentioned.
ZK Price Decline Following the Breach
Following the crypto hack, ZK’s price dropped significantly, which is the second of the major crypto crashes witnessed this week. After the announcement, ZK’s price fell by around 20%, likely due to the hacker selling the stolen tokens on the market. By the time of the report, the price had recovered slightly but was still down about 12% from the intra-day high.
This price drop directly responds to the increased circulation of tokens due to the hack. The influx of additional tokens into the market raised concerns among investors, contributing to the decline.
However, the ZKsync team’s assurance that no further vulnerabilities exist has calmed some fears, although the price has not fully recovered.
Ongoing Investigation and Recovery Efforts
ZKsync has stated that the investigation into the incident is ongoing. According to Zksync inventor Alexzk, a more detailed update will be shared once the team has completed its findings.
In addition, the ZKsync team is actively working with exchanges to help recover the stolen funds. They have also contacted the attacker to facilitate the return of the stolen tokens, warning that legal consequences could follow if the situation is not resolved.
While the attack’s immediate impact has temporarily dropped the price of ZK tokens, the team remains confident in the overall security of the ZKsync protocol.
Ethereum price is witnessing different predictions about its next move, with some forecasting a “most hated rally” while others point to bearish signals. The multiple analyses come as ETH’s market share approaches all-time lows.
Analyst Says Ethereum Price Will Melt Faces
Analyst Crypto Caesar expresses a bullish outlook. In a recent tweet, he stated that Ethereum will melt faces soon. He also added that the most hated rally is coming.
$ETH – #Ethereum will melt faces soon. The most hated rally is coming.
One of the key factors that Caesar points to is “oversold bullish divergence” that “looks bottomish.” This optimistic view is shared by Merlijn The Trader, who claims that the Ethereum double top is completed. He also mentioned in his tweet that now comes the face-melting rally no one expects.
However, not all analysts share this positive sentiment. Gordon highlights Ethereum’s declining market share. He noted that it has neared all-time lows and mentioned that it points to a potential ETH price drop to $1,100.
Ethereum market share nears all-time lows as bearish chart signals potential $ETH price drop to $1,100 pic.twitter.com/NKr45vB4V5
Multiple technical analysts have identified different chart patterns for Ethereum. Analyst BOBO notes that ETH is currently forming a descending triangle pattern. This is a formation that traditionally has bearish implications but could resolve in either direction depending on market conditions.
BOBO explained that if the market aims to shake out weak hands, another dip could occur before any potential recovery. However, the analyst leans toward a scenario where ETH breaks directly above the $1,700 resistance level.
$ETH is currently in a descending triangle pattern . If the market wants to shake out weak hands, we could see another dip before a potential recovery.
However, I’m leaning toward a direct breakout above the $1,700 resistance level.
Taking a more specific approach, analyst Ted stated in a tweet that ETH is approaching a breakout point. Ted connected Ethereum’s price action to broader market movements. He noted that global markets are gaining strength, which could help ETH maintain support between $1,550 and $1,600. For a bullish outcome, Ted is watching for a breakout and close above $1,670, which could help in a rally toward $2,000.
Analyst Caesar used the term “will melt faces soon” to describe the potential upcoming ETH price movement. This is his analysis that the rally would catch many traders off guard and force those who had taken bearish positions to chase the market higher.
Such rallies can be particularly powerful as they force short-sellers to cover their positions (buy back ETH they had borrowed and sold). This also creates additional buying pressure.
The analysis comes at the backdrop of the US SEC’s decision to delay the Grayscale Ethereum Spot ETF Staking Proposal.
Crypto analyst Titan of Crypto has predicted that the Bitcoin price will hit $137,000 soon. The analyst highlighted a bullish pattern that showed the flagship crypto could hit this ambitious target.
Expert Predicts Bitcoin Price To Hit $137,000
In an X post, crypto expert Titan of Crypto predicted that the Bitcoin price could rally to $137,000. The analyst revealed that BTC had formed a bull pennant on the daily chart. He stated that the flagship crypto can reach a new all-time high (ATH) if this pattern plays out.
The accompanying chart showed that Bitcoin could rally to this $137,000 price level, which could happen between July and August. This provides an ultra bullish outlook for the flagship crypto, which continues to trade sideways.
In a more recent post, he stated that a Bitcoin bullish crossover was already happening. The expert revealed that the MACD just made a bullish cross on the 3-day chart, which suggests that a momentum shift may be underway.
The Bitcoin price had surged past the $86,000 mark following Bank of America’s prediction that there will be four Fed rate cuts this year. However, the flagship crypto sharply dropped below $85,000 following reports that the EU will likely move forward with its tariffs on US goods.
Titan of Crypto raised the possibility of BTC still rallying to $87,000. He remarked that a daily close above $85,700 would significantly increase the probability of a move to $87,000 right after.
BTC’s Bottom Almost In
In an X post, crypto analytics platform CryptoQuant suggested that the bottom might almost be in for the Bitcoin price. The platform alluded to the VIX has spiked this week, noting that this is usually when the best setups start to appear.
CryptoQuant noted that historically, elevated VIX levels often mark local bottoms in equities and crypto. However, the platform warned that can take some time to play out.
Interestingly, CryptoQuant’s CEO Ki Young Ju recently asserted that Bitcoin’s bull market is over. He explained that BTC is witnessing signifcant selling pressure at the moment, which is why large purchases like MicroStrategy’s is unable to send its price higher. Based on his theory, Ki Young Ju expects six to twelve months of bearish or sideways price action from Bitcoin.
Oversold
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