Ethereum (ETH) price may soon surge to $3,500, in a rally driven by Solana’s underperformance. One crypto analyst observed that capital is flowing back to Ethereum amid a surge in net flows and stablecoin supply. Another noted that Ethereum price is about to make a bullish breakout from consolidation. As the market sentiment flips bullish and Solana underperforms, is the $3,500 price in sight? ETH value today trades at $2,675 with a 1.4% decline in 24 hours. Trading volumes stood at $18 billion, down 14% in 24 hours. 2 Bullish Signals Support Ethereum Price Rally to $3,500 Analysts on X forecast that despite Ethereum price being stuck within a consolidation range between $2,400 and $2,700 in the last seven days, bullish signs are aligning that may ignite the next bullish leg to $3,500. These signals include: Surging netflows from Solana to Ethereum Incoming triangle breakout Surging Netflows from Solana to… Read More at Coingape.com
Brandt believes that Bitcoin price is not yet out of the woods unless it consistently closes above $88k.
The bullish sentiment from the United States has coincided with increased whale accumulation amid anticipated diplomatic solutions for the ongoing tariff trade wars.
Bitcoin (BTC) price teased above $86k for the first time, on Tuesday during the mid-New York session, since President Donald Trump announced the reciprocal tariffs earlier this month. The flagship coin reached a daily high of about $86,429 before retracing SFP around $85.6 at the time of this writing.
The meeting of U.S. President Donald Trump and El Salvador’s President Nayib Bukele sparked bullish sentiment for the wider crypto market. Moreover, the Trump administration is actively seeking ways to fund its strategic Bitcoin reserves, with some speculating funding from tariffs.
Bitcoin Price Regains Whale’s Confidence
As Gold price continues to signal market strength amid declining Volatility S&P 500 Index (VIX), the Bitcoin adoption by whale investors has gained more traction. According to market data from Glassnode, the number of Bitcoin addresses holding between 1K–10K coins has risen from 1,944 on March 5 to 2,014 at the time of this writing.
The last time Bitcoin whales accumulated to this level was in April 2024, which resulted in a major bullish uproar in the subsequent weeks.
Expert’s Insights and Analysis
For the first time since January 2025, Bitcoin price, against the U.S. dollar, invalidated the daily logarithmic falling trend. As a result, the wider crypto market has experienced bullish sentiment, led by Solana (SOL) and Ripple Labs XRP.
However, Peter Brandt, a veteran trader, has dismissed Bitcoin price reversal yet.
“A trendline violation does NOT signify a transition of trend $BTC. Sorry,” Brandt noted.
According to Brandt, Bitcoin price has to consistently close above $88k to confirm a successful reversal of the year-to-date market correction.
Meanwhile, Brandt remains a proponent of combining bullish reversal patterns – including double bottom, inverse head and shoulders – with trendlines to predict the market.
The post Peter Brandt Dismisses Bitcoin Price Reversal Yet: Here is What to Watch Out for Ahead appeared first on Coinpedia Fintech News
Brandt believes that Bitcoin price is not yet out of the woods unless it consistently closes above $88k. The bullish sentiment from the United States has coincided with increased whale accumulation amid anticipated diplomatic solutions for the ongoing tariff trade wars. Bitcoin (BTC) price teased above $86k for the first time, on Tuesday during the …
Solana (SOL) is up 28.4% over the past month, but its momentum has slowed. After briefly touching $184, it has gained just 0.78% in the last seven days. Despite this, Solana continues to dominate DEX metrics, leading all chains with $27.9 billion in weekly volume.
The broader ecosystem remains active, with multiple Solana-based apps among the top fee generators. However, technical indicators such as RSI, Ichimoku Cloud, and EMA lines suggest the rally may be losing steam, signaling a potential period of consolidation or correction ahead.
Solana Leads DEX Market With $27.9 Billion Weekly Volume and Surging App Activity
The weekly DEX volume for Solana surged by 45.78%, signaling a strong resurgence in on-chain activity after decreasing activity between March and April.
This rise is a spike and part of a broader trend, with volumes consistently staying above the $20 billion mark over the past month.
Top Apps and Chains by Fees and Revenue. Source: DeFiLlama.
Adding to its momentum, Solana is home to four of the past week’s ten highest fee-generating apps and chains. This includes familiar platforms and newcomers, showing a healthy diversity in the ecosystem.
Believe App, a newly launched Solana-based launchpad, stands out in the recent surge. In the last 24 hours alone, it generated $3.68 million in fees—surpassing well-established platforms like PancakeSwap, Uniswap, and Tron.
Momentum Cools for SOL as Indicators Turn Neutral
Solana’s Relative Strength Index (RSI) has dropped to 51.99, down from 66.5 just three days ago, signaling a clear loss of bullish momentum.
Over the past few days, the RSI has hovered between 44 and 50, reflecting a more neutral market sentiment after previously nearing overbought conditions.
The RSI is a momentum indicator that ranges from 0 to 100, with values above 70 indicating overbought conditions and below 30 signaling oversold territory. At 51.99, Solana sits in the neutral zone, which typically suggests a period of consolidation or indecision.
If the RSI rises above 60 again, it could point to renewed bullish strength; if it dips below 45, further downside pressure may follow.
The price is hovering near the Kijun-sen (red line) and Tenkan-sen (blue line), both of which have started to flatten—indicating a slowdown in momentum.
The Chikou Span (green lagging line) remains above the candles, suggesting that the broader trend still has a bullish bias. However, the lack of distance between it and the current price action reflects weakening strength.
The Kumo Cloud (green and red shaded area) ahead is still bullish, with the leading span lines spread apart, providing support beneath the current price.
However, with candles now closely interacting with the Kijun-sen and failing to strongly break above the Tenkan-sen, the short-term sentiment appears cautious.
If the price can push decisively above the blue line, momentum may return, but any drift into the cloud could signal the start of a more prolonged consolidation phase or potential trend reversal.
Solana’s Bullish EMA Structure Faces Momentum Slowdown
Solana’s EMA lines remain bullish, with the short-term moving averages positioned above the longer-term ones. However, the gap between these lines is narrowing, suggesting that upward momentum is weakening.
Solana price recently failed to break past a key resistance level, and although a retest could open the path toward reclaiming the $200 zone, the lack of strong follow-through raises questions about the trend’s strength.
Complementing this cautious outlook, the Ichimoku Cloud and RSI indicators point to a potential cooldown. Solana recently held above an important support level but remains vulnerable—if that support breaks, further downside could follow.
The broader structure still leans bullish, but the market appears to be at a crossroads. The next move likely depends on whether buyers can reclaim initiative or sellers push through key lower levels.
The crypto market is showing signs of recovery, but Pi Coin continues to struggle. Over the past month, the price of PI has dropped by 26%, currently trading around $0.5786, down 6% in the last 24 hours. Its weak performance has shaken the investor’s confidence as it shows fewer signs of a rebound.
Pi Network’s -0.11 correlation with Bitcoin is adding to the concerns, as it tends to decline when Bitcoin rises. Even with Bitcoin approaching $100,000 and the broader market rallying, Pi Coin may continue to face further setbacks.
10 Million Tokens Unlocked Today
Today, Pi Network unlocked 10.1 million PI tokens. 11.22 million tokens are scheduled to be unlocked tomorrow, April 30, marking the largest release this month. In total, over 100 million tokens were unlocked in April, contributing to an 80% price drop from its February high of $2.98.
Unlocks are set to nearly double in May, with 197 million tokens expected to be released. This surge in supply could intensify selling pressure on Pi Network’s price.
1.56 billion PI tokens will be unlocked over the next year, around 134 million each month. The largest unlock will be in December 2027 with 432.3 million tokens. This could affect PI’s price by increasing supply, especially if demand goes down. Pi Network needs a long-term solution to manage this pressure.
Analysts Bullish Despite Price Drop
Despite ongoing token unlocks and recent price drops, analysts think Pi Network (PI) could reach $5, driven by growth in its ecosystem and better market conditions.
Some analysts suggest that Pi Network could reach $3 by June if market conditions remain favorable. This depends on key developments, including rumors of possible token burns to reduce its supply. However, its supply concerns and especially the upcoming token unlocks could limit its potential.
Analyst Dr. Altcoin thinks Pi Network’s price could start rising in mid-May, particularly during the Consensus Summit from May 14-16, 2025.
The post Pi Coin Prediction: Price Drops 6% After 10 Million Token Unlock Today appeared first on Coinpedia Fintech News
The crypto market is showing signs of recovery, but Pi Coin continues to struggle. Over the past month, the price of PI has dropped by 26%, currently trading around $0.5786, down 6% in the last 24 hours. Its weak performance has shaken the investor’s confidence as it shows fewer signs of a rebound. Pi Network’s …
