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
The Office of the Comptroller of the Currency (OCC) has clarified that Federal Banks are now permitted to carry out “certain cryptocurrency activities.” Industry leaders have described this as the biggest news of the week, and the OCC now confirms that the war on crypto is officially over.
The OCC, Federal Banks, and Crypto
On March 7, the OCC published Interpretive Letter 1183, which clarified banks’ participation in crypto-asset custody. Federal Banks can also participate in certain stablecoin activities to reaffirm their role in the payment sector.
In addition to these two, the OCC said banks may engage in some Decentralized Finance (DeFi) activities. These include taking up an independent role in node verification for blockchain protocols.
In addition to these allowances, the Currency Comptroller also rolled back the need for licenses by banks before participating in these DeFi activities. Ultimately, the OCC clarified that banks may also pursue these crypto activities without proof that they have “adequate controls in place before they can engage in these cryptocurrency activities.”
As part of its broad pivot in digital asset regulation, the OCC said it has withdrawn “its participation in the joint statement on crypto-asset risks to banking organizations and the joint statement on liquidity risks to banking organizations resulting from crypto-asset market vulnerabilities.”
End To Operation Chokepoint 2.0
Unlike the Federal Deposit Insurance Commission (FDIC), Coinbase was involved in Operation Chokepoint 2.0, while the OCC was more conservative. The current Interpretive Letter confirms that Operation Chokepoint 2.0 has ended.
During the Presidential Campaign last year, President Donald Trump promised to end all war on crypto. With banks now free to engage in core crypto activities, the doors to more mainstream adoption are opened.
The White House Crypto Summit, held on March 7, also underscores the urgency of digital asset regulation. During the Summit, President Trump promised to have key crypto bills signed by August this year.
Federal Banks and Crypto Competition
While allowances for banks are welcome in the industry, some leaders disagree on the grand governmental involvement. With billions in Assets Under Management (AUM), critics believe mainstream banks may bring unhealthy competition in the market.
Already, top banks are buying Bitcoin through ETF products, which they may now do directly through the OCC directive. Solana Founder Anatoly Yakovenko believes government involvement can alter the decentralization tenet of the broader crypto industry.
The OCC Crypto Summit update has not changed the sentiment in the broader market. Following the summit, Bitcoin dropped 4.06% to $86,600, dragging altcoins along.
Dogecoin price may be on the verge of another price rally, according to a market analysis comparing its current trend to the 2017 cycle. A detailed chart analysis suggests a similarity between DOGE price movements in 2017 and its trajectory in 2024.
The data shows that in 2017, the meme coin experienced a surge followed by a consolidation period lasting 115 days before another upward movement. The present cycle has now extended to 119 days, indicating a potential repeat of past trends. If the pattern holds, analysts predict DOGE price could reach the $1 mark by June 2024.
Analyst Predicts Dogecoin Price Could Hit $1 by June
Analyst Master Kenobi took to the X platform, formerly known as Twitter, to highlight a potential repetition of Dogecoin’s historical price cycle. According to his analysis, Dogecoin had a 115-day consolidation period between major price surges in 2017. The current market structure shows a similar pause, now lasting 119 days. This resemblance to past movements suggests that Dogecoin price could be approaching another breakout phase.
The analysis also points to technical indicators supporting this prediction. The Relative Strength Index (RSI) displayed a sharp increase during the initial rally in both cases, followed by a downward correction during the consolidation phase.
Once RSI stabilized in 2017, the price experienced another surge. A similar pattern appears to be forming in 2024, reinforcing the expectation of a possible upward movement.
Source: X
Historical price cycles further strengthen the argument for a potential rally. The 2017 surge followed a prolonged accumulation phase, which appears to be repeating in the current cycle. If the top meme coin follows the same trend, analysts believe the meme coin rally could push DOGE toward the $1 mark in the coming months.
Technical Indicators Suggest a Meme Coin Rally
The analysis of Dogecoin price trends incorporates several technical indicators that align with the 2017 price cycle. Moving averages, RSI, and price action suggest that the current consolidation phase may be setting up for another strong rally.
More so, the Moving Average Convergence Divergence (MACD) indicator is signaling a potential bullish crossover as the blue MACD line is rising and appears to be crossing above the orange signal line. This crossover is a classic technical indicator of increasing bullish momentum, often interpreted as a buy signal by traders.
Additionally, the histogram bars have transitioned to blue, reinforcing the likelihood of an upward trend. As the histogram expands positively, it suggests growing buying pressure, which could push Dogecoin’s price higher in the coming sessions. This development indicates that momentum is shifting in favor of the bulls, potentially setting up a price recovery.
Source: TradingView
Furthermore, the Awesome Oscillator (AO) is reflecting a similar sentiment, as the histogram bars are beginning to lighten in color, transitioning from deep red towards green. This shift in momentum suggests that bearish pressure is weakening, and a potential reversal may be forming. If the AO continues to print green bars, it would confirm a bullish divergence, adding weight to the bullish case
At press time, the top meme coin is trading at $0.1743, reflecting a 5.34% surge in the past 24 hours. Additionally, the 24-hour trading volume has increased by 11.81%, reaching $1.16 billion, while its market cap stands at $25.89 billion, indicating strong bullish momentum.
Bitcoin has once again made a strong comeback, reclaiming the $80,000 level after dipping to a four-month low. This recovery has brought fresh optimism among investors, but uncertainty still lingers as key U.S. CPI data is expected to come on March 12.
Bitcoin’s Recent Price Swing
Bitcoin slipped to around $76,800 just days ago, triggering concerns about a deeper sell-off. However, the cryptocurrency quickly rebounded and now holds steady above $82,000. Despite this, Bitcoin is still down 14% in 2025 and remains 26% below its all-time high.
One of the key reasons behind Bitcoin’s recent dip was the reaction to former U.S. President Donald Trump’s proposal for a national Bitcoin reserve. Initially, the announcement created excitement, but when no actual government purchases followed, investors felt let down.
Alongside this, broader economic concerns, including inflation fears, rising interest rates, and trade tensions, have also weighed on Bitcoin’s price. While the recent recovery shows strength, experts warn that volatility is far from over.
Strong RSI Seeing a Recovery
From a technical perspective, Bitcoin’s derivatives market is showing signs of stability. The annualized premium on Bitcoin futures remains at 4.5%, even after the sharp decline between March 2 and March 11.
This is a positive sign, as, during previous major crashes, this premium dropped to zero or even negative levels, signaling extreme panic.
Additionally, the Relative Strength Index (RSI), which measures price momentum, has risen from 30 to 40, suggesting that selling pressure is easing. However, for Bitcoin to confirm a strong recovery, the RSI must move above 50.
What’s Next for Bitcoin?
If Bitcoin continues its upward trend, analysts predict it could quickly move toward $90,000. However, the coming days will be crucial in determining whether this recovery is sustainable or if another dip is on the horizon.
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Bitcoin has once again made a strong comeback, reclaiming the $80,000 level after dipping to a four-month low. This recovery has brought fresh optimism among investors, but uncertainty still lingers as key U.S. CPI data is expected to come on March 12. Bitcoin’s Recent Price Swing Bitcoin slipped to around $76,800 just days ago, triggering …
