DeFi Development Corp follows a similar approach to SOL Strategy to issue debt securities to purchase more SOL coins.
SOL price has hinted at a potential parabolic rally in the coming months bolstered by institutional tailwind.
DeFi Development Corp. (NASDAQ: DEFI), a Florida-based blockchain and DeFi-focused company, filed a Form S-3 registration statement with the United States Securities and Exchange Commission (SEC) on April 25, to offer up to $1 billion in securities. According to the SEC filing, DeFi Development Corp intends to register up to 1,244,471 shares of common stock for potential resale by existing stockholders.
“We may sell any combination of these securities in one or more offerings, at prices and on terms to be determined prior to the time of the offering, with an aggregate offering price of up to $1,000,000,000,” the filing noted.
The company noted that the proceeds from the intended offering will be used for general corporate purposes, including the acquisition of Solana (SOL).
Market Impact of DeFi Development Corp’s Move
The strategic move by DeFi Development Corp to raise $1 billion, under the Donald Trump administration, will have a far-reaching influence on the wider crypto market. Furthermore, the validation of the crypto market by institutional investors has helped increase liquidity and enabled ongoing mainstream adoption of digital assets and web3 technology.
The Solana network stands to benefit most from the DeFi Development Corp’s deal. As Coinpedia reported, SOL Strategies intends to raise up to $500 million to purchase more Solana coins in the near term.
Consequently, SOL price will likely continue with bullish sentiment in the coming months, especially if the highly anticipated altseason kickstarts. Moreover, the Solana network has recorded a sharp uptick in cash inflows in the past few months, led by stablecoins such as Circle’s USDC.
Ethereum price dived below $2,000 on March 9, mirroring the broader market downtrend. Institutional investors are offloading ETH, increasing downside risks.
Ethereum Price Dives Below $2,000 as US NFP Tilts Markets Bearish
Ethereum (ETH) experienced significant losses over the weekend as the highly anticipated White House Summit failed to lift market sentiment. Instead, the latest US Non-Farm Payroll (NFP) report dominated investor outlook, highlighting rising unemployment and increasing inflation pressures.
As a result, ETH price tumbled below the psychological $2,000 level, trading as low as $1,998 on Binance on March 9, marking an 8% daily decline. The drop exceeded Bitcoin’s 4% losses within the same timeframe, signaling stronger bearish momentum within ETH spot markets.
Ethereum Price Action
The selling pressure has been exacerbated by mounting fears of further Federal Reserve tightening in response to rising inflation metrics. With investors now eyeing the next Consumer Price Index (CPI) report, ETH price could struggle to gain meaningful traction unless macroeconomic conditions shift favorably.
BlackRock ETF Led Outflows with $11 Million Sell-off After US NFP Data
Amid rising unemployment and inflation triggers, institutional investors are reallocating capital away from crypto markets toward fixed-income securities, driving bond yields higher across global markets. This shift in investor sentiment has translated into substantial outflows from Ethereum ETFs.
According to on-chain analytics provider SosoValue, Ethereum ETFs recorded $23 million in outflows on Friday, the same day the US NFP report was released. Among the largest liquidations, BlackRock’s iShares Ethereum ETF saw an $11 million capital flight, the highest single-day outflow among Ethereum-focused funds.
The rapid outflows in Ethereum ETFs suggest that institutional investors are repositioning their portfolios in anticipation of further downside in crypto markets. If Ethereum ETF outflows continue into the coming week, ETH price could struggle to mount a sustained recovery.
Ethereum price forecast signals have taken a decisive bearish turn, with ETH plunging 8.3% on March 9 to test support near $2,000. The daily chart reveals a concerning technical setup, as ETH struggles below key moving averages, with a confirmed Death Cross between short-term EMAs signaling prolonged downside risks.
If Ethereum closes below the critical $2,000 level, selling pressure could accelerate, targeting the next major support at $1,850, where historical demand has previously stabilized declines.
Ethereum Price Forecast | ETHUSD
The Bollinger Bands show ETH trading at the lower band, suggesting it is in oversold territory. However, the absence of a significant bullish reaction underscores weak buying momentum. The MACD histogram remains in deep negative territory, with its signal line widening against the MACD line—affirming that bearish momentum is strengthening rather than reversing. While a relief bounce cannot be ruled out, any recovery toward $2,250 or $2,433 would likely face intense resistance as sidelined sellers look to re-enter.
The heightened leverage in derivatives markets could amplify price swings. If ETH loses $2,000 decisively, long liquidations may accelerate a cascade effect, making $1,850 the next crucial test for bulls. Conversely, a close above $2,200 could shift sentiment toward a bullish retracement.
Ethereum Price Outlook: Key Levels to Watch This Week
For Ethereum to break its bearish grip, ETF inflows must show signs of stabilization, particularly from major asset managers like BlackRock. If institutional demand returns, ETH could attempt to reclaim the $2,100 level and challenge the $2,250 resistance zone.
On the flip side, if macroeconomic headwinds persist and ETF outflows accelerate, Ethereum risks dropping below $1,950, potentially testing lower support at $1,850. With US CPI data and Federal Reserve commentary on the horizon, traders should remain cautious, as Ethereum’s price action could see heightened volatility in response to broader market shifts.
Overall, Ethereum remains vulnerable to further downside unless it reclaims key resistance levels and sees a resurgence in institutional demand.
XRP is holding steady around $2.19, showing resilience despite a minor 0.3% weekly dip. This stability might be the calm before a major price surge. On lower timeframes, XRP continues to form bullish price structures with higher highs and higher lows, keeping traders on alert. While a decisive breakout hasn’t occurred yet, several key signals suggest growing upside momentum.
Technical Levels to Watch
Crypto analyst Fabio Zuccara has identified a symmetrical triangle pattern on the XRP chart—often a precursor to sharp price moves. The token currently trades just above its 20-day Simple Moving Average (SMA) at $2.167, while facing resistance at the 50-day Exponential Moving Average (EMA) near $2.208.
A breakout above the EMA resistance could push XRP toward $2.27, $2.33, and possibly beyond $2.50. However, failure to break out might lead to a retest of support at $2.068 or even $1.993.
Whale Accumulation Suggests Confidence
On-chain data indicates strong institutional interest. Over 200 million XRP were added last week to wallets holding between 10 million and 100 million tokens. A notable whale transaction involved 29.5 million XRP (worth over $64 million) moved to Coinbase.
Sasha Varela, senior analyst at ChainWave Metrics, stated,
“This volume is not retail-driven. It reflects informed buyers anticipating a significant price movement.”
XRP ETF Speculation Fuels Market Optimism
Speculation around a potential ProShares XRP spot ETF is intensifying. Analysts currently estimate an 80% probability of approval.
Linda Moh, ETF strategist at WaveX Funds said :
“ETF anticipation alone can drive FOMO-led rallies,” especially when combined with technical strength and whale accumulation.
An ETF approval would mark a significant regulatory milestone for Ripple and the broader altcoin market.
Crypto analyst Dark Defender believes XRP is in the final phase of a fifth wave Elliott structure, expecting a move toward $3, followed by potential targets at $4.40 and $6.30, as long as XRP stays above $2.00. Immediate key support lies at $1.88.With bullish technical patterns, rising institutional interest, and ETF optimism aligning, all eyes are now on whether XRP can break above the $2.208 resistance. The next move could define XRP’s momentum for the weeks ahead.
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The post Is XRP Price Gearing Up for a Major Rally? appeared first on Coinpedia Fintech News
XRP is holding steady around $2.19, showing resilience despite a minor 0.3% weekly dip. This stability might be the calm before a major price surge. On lower timeframes, XRP continues to form bullish price structures with higher highs and higher lows, keeping traders on alert. While a decisive breakout hasn’t occurred yet, several key signals …
