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Pi Network (PI) is trading in the green today, July 3, amid a recovery across the broader crypto market. At press time, Pi Network price stood at $0.50 with a modest 1.63% increase in 24 hours. Despite these gains, bearish pressure is still facing this altcoin after it formed a bear flag pattern ahead of
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This Ethereum price forecast is a top-down analysis to determine key ETH levels ahead of President Donald Trump’s first Crypto Summit in the US. Let’s take a look at the Ethereum’s Time Price Opportunity (TPO) chart to determine two key levels where ETH could gravitate ahead of the first US Crypto Summit today.
In Thursday’s late New York trading session, Trump signed an executive order to establish a Strategic Bitcoin Reserve and National Digital Asset Stockpile. Bitcoin (BTC) briefly hit $90K before this announcement but BTC price crashed as Trump signed the executive order. This caused the ETH price to drop down to $2,000. What’s next for Ethereum?
Ethereum (ETH) price is down 1.40% today and currently trades at $2.173, continuing yesterday’s 1.75% drop. The last five days for ETH have been extremely choppy, with prices rallying as much as 13% in a day and then dropping 15% the next day.
Choppy market conditions are when the price fails to establish a trend and consolidates with above-average volatility.
According to TradingView, the Time Price Opportunity (TPO) is a “Market Profile” and is used to “analyze market activity by price level as it develops over time.” A TPO chart provides a different perspective on “market dynamics and the distribution of prices by visualizing the blocks of time spent at each of the profile’s price levels and the sequence of level traversals within the profile’s period.”
Ethereum’s TPO chart shows two naked Points of control (nPOC) at $2,292 and $2,087. A POC is where the price spent the most time, and a naked POC shows that this level is untested after the day ended. Tagging this level leads to a strong reaction and can serve as support and resistance levels.
Therefore, the $2,292 and $2,087 are two Ethereum price levels that investors need to keep an eye on ahead of the Crypto Summit today.
The Ethereum price chart with multiple time frame data lets us get a bird’s-eye view of what investors can expect next from ETH. The first three charts from the top left are the 1-month, 1-week and TPO charts. Following this are the 1-day and 4-hour charts.
The monthly & weekly Ethereum price charts show three key levels.
The TPO and daily chart further highlight the aforementioned nPOCs. The $2,292 and $2,349, serve as key short-term resistance levels. The nPOC at $2,087 serve as a stable support level.
Finally, the four-hour chart clearly shows Ethereum price holding the $2,086 support level, which is key to establishing the next trend. If the Crypto Summit announces more positive developments surrounding the cryptocurrency ecosystem, ETH price could bounce from $2,086 and tag $2,808, which closely coincides with the HTF levels noted on the monthly and weekly timeframe.
Ethereum price is experiencing volatility ahead of the White House Crypto Summit, with key levels to watch at $2,292 and $2,087. A bullish Ethereum price forecast driven by an announcement at the summit could propel the ETH price higher to $3,000, while a lack of clarity might trigger a retreat below $2,000.
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The crypto market will receive a boost next week when the Securities and Exchange Commission (SEC) hosts a roundtable on tokenization. This meeting, which BlackRock will participate in, marks a major shift in how the agency regulates the industry. This article looks at the top 5 altcoins that will explode ahead of the SEC meeting with BlackRock and other firms.
Top altcoins in the Real World Asset Tokenization industry will surge ahead of the inaugural SEC roundtable on tokenization. This event will take place on May 12 and will have representatives from companies like BlackRock, Franklin Templeton, Apollo Management, Invesco, and Robinhood. Collectively, all these firms have over $15.6 trillion in AUM.
The roundtable will also have representatives from top companies in the crypto market like Securitize, DTCC, Blockchain Capital, and Maple Finance. It will happen at the agency’s headquarters, and according to SEC’s Hester Pierce, it will generate ideas on how the SEC should approach the industry.
Some of the top altcoins to buy ahead of the SEC meeting with BlackRock are Ondo Finance (ONDO), Ethereum (ETH), Ethena (ENA), Chainlink (LINK), and Stellar (XLM).
Ondo is one of the top RWA altcoins to buy before the SEC roundtable. It is a top player that offers yield-bearing stablecoins like US Dollar Yield (USDY) and US Treasuries Yield (OUSG).
It will likely do well because it partners with BlackRock and Securitize. The OUSG token is backed by BlackRock’s BUIDL, which was launched in partnership with Securitize.
ONDO price has formed a falling wedge chart pattern on the daily chart, and it is above the ascending trendline that links the lowest level since March 24. As such, it will likely retest this trendline and then surge towards the meeting.
Ethereum is another top altcoin to buy. Its main relationship with BlackRock is that the company runs ETHA, the biggest spot Ethereum ETF in the industry. It will also be a major player in the tokenization industry.
ETH price has formed a small bullish flag pattern on the daily chart, pointing to an eventual rebound to $2,135, the lowest level in August last year. A move above that level will point to more gains, possibly to $2,500.
Ethena runs USDe, the fourth-biggest stablecoin with over $4.6 billion. Its main catalyst is that it has a partnership with Securitize, which will participate in the SEC meeting with BlackRock and other companies. They are building the Convergence Blockchain and are collaborating on USDtb, a stablecoin backed by BlackRock’s BUIDL.
Ethena price has formed a double-bottom pattern at $0.2690, pointing to an eventual rebound in the coming weeks. If this happens, the value of ENA will likely rise to the resistance at $0.3791.
Chainlink is one of the top RWA altcoins that may explode ahead of the SEC meeting with BlackRock. It will benefit because its Cross-Chain Interoperable Protocol (CCIP) feature is the backbone of many tokenization projects.
LINK price has formed a giant megaphone pattern on the weekly chart, pointing to more gains in the coming weeks. The target will be $30, up by 135% above the current level.
Stellar is one of the top crypto tokens that may surge ahead of the meeting. That’s because Franklin Templeton will also participate in the roundtable. Franklin’s $450 million tokenized fund runs on the Stellar’s network.
The most likely Stellar price forecast is bullish because it has formed a falling wedge pattern. It has also retested the support at $0.25, and could rebound soon.
This article has identified some of the top altcoins to buy ahead of the SEC meeting with BlackRock and other firms. Most of these crypto tokens have a relationship with BlackRock and are large players in the RWA industry.
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The post Tether Targets U.S. Stablecoin Launch, Awaits Regulatory Clarity appeared first on Coinpedia Fintech News
Tether announced plans to launch a new stablecoin product in the United States as early as the end of 2025 or early 2026. The timeline depends on how quickly the U.S. Congress moves forward with stablecoin legislation. Tether emphasized that regulatory clarity will be key to the rollout. CEO Paolo Ardoino also highlighted that USDT, Tether’s existing stablecoin, has become one of the most successful financial products globally and a strong export from the United States.
The post Tether Targets U.S. Stablecoin Launch, Awaits Regulatory Clarity appeared first on Coinpedia Fintech News
Tether announced plans to launch a new stablecoin product in the United States as early as the end of 2025 or early 2026. The timeline depends on how quickly the U.S. Congress moves forward with stablecoin legislation. Tether emphasized that regulatory clarity will be key to the rollout. CEO Paolo Ardoino also highlighted that USDT, …