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Stablecoins have become the new focus of attention by the Federal Reserve, major U.S. banks, and China. It indicates that they have gained substantial popularity in the global finance discussions. Fed Recognizes the Efficiency of Stablecoins and Impact of GENIUS Act The minutes of the Federal Open Market Committee’s (FOMC) latest meeting of the Federal
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The post Ethereum Prepares for Potential Pullback as Whales Exit: Is a Deeper Correction Ahead for ETH? appeared first on Coinpedia Fintech News
In the past few days, the crypto market has seen strong gains, with Bitcoin’s price creating a new all-time high. But this rise triggered a profit-taking sentiment, which caused the market to temporarily peak. Ethereum, in particular, struggled to stay above its recent high as large investors started pulling back their money. As a result, there might be a short-term correction for ETH price ahead.
A market-wide rebound, driven by Bitcoin hitting new all-time highs and better overall economic conditions, helped push Ethereum’s price up to an eight-week high of $2,731. However, it’s now having trouble attracting strong buying interest, as many short-term investors have already sold to lock in profits.
According to Coinglass, over the past 24 hours, more than $40.66 million in Ethereum positions were liquidated. Of this, 15.12 million from buyers and $25.54 million from sellers. Meanwhile, data from IntoTheBlock shows a sharp drop in large transaction volume, falling from $12.24 billion to $3.28 billion in just three days.
This suggests that big investors are stepping back, which is weakening the upward momentum in ETH’s price. With whales pulling back, sellers might gain the upper hand in the short term, possibly leading to a price correction.
Despite some recent price struggles, Ethereum’s defi activity continues to grow. The total value locked in Ethereum rose from $50.63 billion on April 26 to $62.7 billion by May 26, a jump of over 25% in just under a month.
Also read: What’s Next for Ethereum Price? Will the ETH Price Mark A New ATH in June 2025?
Some of the biggest gains came from platforms like Pendle, where deposits increased by over 50%, and Ether.fi and EigenLayer, both of which saw 48% growth. Ethereum still leads all blockchains in TVL, holding 54% of the market. For comparison, Solana holds 8%, and BNB Chain has 5% among Layer-1 networks.
This strong DeFi growth could help support ETH’s price and reduce the chances of a major drop, as many investors remain bullish about a rebound.
Ether recently faced resistance around $2,731, resulting in a drop below the immediate Fib levels. As bears strengthen their dominance, buyers struggle in triggering a recovery rally. As of writing, ETH price trades at $2,535, declining over 0.6% in the last 24 hours.
The ETH/USDT pair might fall to the 100-day EMA (around $2,456), which is an important support level to watch. If the price bounces back strongly from that point, buyers may make another attempt to push past $2,750. If they succeed, the price could rise toward $3,000. There is some resistance around $2,870, but it likely won’t hold for long.
However, if the price drops below the 100-day EMA, this bullish outlook could change. In that case, the pair might fall further toward the descending trend line at $2,329. As the hovers below the midline, the chances of a bearish correction rise for ETH price.
The post Ethereum Prepares for Potential Pullback as Whales Exit: Is a Deeper Correction Ahead for ETH? appeared first on Coinpedia Fintech News
In the past few days, the crypto market has seen strong gains, with Bitcoin’s price creating a new all-time high. But this rise triggered a profit-taking sentiment, which caused the market to temporarily peak. Ethereum, in particular, struggled to stay above its recent high as large investors started pulling back their money. As a result, …
PI is poised to unlock over 250 million tokens in June, a move that could significantly intensify the selling pressure already weighing on the altcoin.
With technical indicators showing dwindling investor interest, PI could slide to its all-time low of $0.40 or even breach that threshold.
According to data from PiScan, Pi Network is scheduled to unlock 276 million PI tokens in June. At market prices, these tokens are currently valued at approximately $176 million.
With market participants already cautious due to ongoing price weakness and low trading volume, the timing of this unlock could be particularly disruptive. Generally, an influx of tokens leads to heightened selling pressure, especially when investor sentiment is already bearish and there is no adequate demand to absorb the new supply.
This is the case with PI, as readings from its daily chart show signs of a continued decline in capital inflows. For example, the token’s Relative Strength Index (RSI) is in a downward trend and below the 50-neutral line at 40.49.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
PI’s RSI readings indicate a preference among market participants for distribution over accumulation. If this trend continues, its price could continue to slip.
Furthermore, the token’s Aroon Down Line is at 86%, confirming the strength of the decline. The Aroon indicator is used to identify trend direction and strength. When the Aroon Down line is close to 100%, it suggests that recent price action has consistently hit new lows, indicating strong bearish momentum.
At 86%, Pi’s Aroon Down level signals that the asset has been making lows with high frequency, with little to no correction recorded recently.
At press time, PI trades at $0.63. With strengthening selling pressure, PI bears could push its price toward its all-time low of $0.40.
If this support floor fails to hold, the altcoin could fall to new lows.
However, a resurgence in new demand for the token would invalidate this bearish outlook. In that scenario, PI could rebound and rally toward $0.86.
The post Why Pi Network’s 275 Million Token Unlock Could Trigger Decline to All-Time Low appeared first on BeInCrypto.
The post Whales Dump XRP and SOL—What It Means for Price Action in the Second Half of 2025 appeared first on Coinpedia Fintech News
Whales have recently intensified their offloading of XRP and Solana, coinciding with mounting pressure from newly imposed U.S. tariffs that are shaking broader crypto market sentiment. These macroeconomic headwinds have accelerated profit-taking among large holders. disrupting the ongoing accumulation trend for both assets. XRP price is struggling to maintain support above $2.92, while Solana faces instability near the $165 zone. With whale dominance fading and external risks escalating, will XRP reclaim $3.5? Can SOL break above $220 in Q3 2025, or is a deeper correction ahead?
Solana has seen major price volatility in the past couple of days, resulting in a drop below $160. Presently, the price has recovered above the range, but the fear of a pullback continues to haunt the SOL price rally. One of the main reasons could be whales booking profits, which diminishes the buying pressure retail traders have been trying to build. The data from Cryptoquant suggests the whales remain passive without placing any trades, as big whale orders have been recorded. On the other hand, XRP also faced a similar action, where the whales offloaded 710 million tokens.
As per the data shared by a popular analyst, ALI, the XRP wallets holding tokens between 100M and 1B have been reducing consistently since the price dropped from the recent highs at $3.6. Although the price attempted to recover, the whale accumulation does not appear to have resumed. A similar event occurred with Solana; as reported by Lookonchain, a whale has deposited 108,016 SOL worth nearly $17.75 million into Okx and Binance.
When a whale stops accumulating or deposits tokens in CEXs, it signals that they could be preparing to sell the tokens or swap them.
The XRP price is undergoing a steep correction as the broader market sentiment has turned bearish, with the BTC price plunging below $114K. The token has broken the support at $3 and is trying hard to defend the next support at $2.9. The RSI is plunging heavily, while the MACD shows a gradual increase in the selling pressure. Bollinger bands are preparing for a squeeze, suggesting a strong price action could follow, but after a brief consolidation. Therefore, the XRP price is believed to experience a strong upward pressure throughout the weekend, testing lows at $2.88.
On the other hand, Solana price plunged hard and entered the support zone between $162.95 and $163.5. It is attempting a strong rebound, but the drop in the buying volume has been preventing it from doing so. On the other hand, the 50-200 day MAs are heading for a bullish crossover, while the RSI has displayed a bullish divergence. This suggests this could be a short-term pullback for the SOL price rally as the bulls continue to hold a tight grip over the rally and eventually reclaim the lost levels above $175 during the weekend.
The crypto markets are on a bullish track, which usually includes a couple of pullbacks, one of which is occurring at the moment. As the markets digest the ongoing pressure led by the U.S. tariffs, the bulls are expected to get stronger and revive a sustained rally towards highs. Therefore, the XRP and Solana price rallies could closely follow the Bitcoin price rally, which is primed to rise over the current highs in the second half of 2025.
The post Whales Dump XRP and SOL—What It Means for Price Action in the Second Half of 2025 appeared first on Coinpedia Fintech News
Whales have recently intensified their offloading of XRP and Solana, coinciding with mounting pressure from newly imposed U.S. tariffs that are shaking broader crypto market sentiment. These macroeconomic headwinds have accelerated profit-taking among large holders. disrupting the ongoing accumulation trend for both assets. XRP price is struggling to maintain support above $2.92, while Solana faces …