Swiss National Bank (SNB) President Martin Schlegel announced at the 2025 General Assembly that the bank has rejected adding Bitcoin to its reserves. He pointed to concerns over liquidity and volatility risks as the main reasons for the decision. However, the SNB still has indirect Bitcoin exposure through its investments in companies like Tesla, MARA Holdings, and CleanSpark, as of the end of 2024. The bank remains cautious about direct Bitcoin holdings. Contine Read
Ethereum price has rebounded above $1,800 on Wednesday, April 30, as fresh crypto adoption headlines from Trump Media fuel market-wide interest.
Ethereum bulls hold $1,800 support amid market rotation
Ethereum (ETH) is showing signs increased investor interest on Wednesday, as it floats near $1,803, up 0.4% in the last 24 hours. The mild uptick, comes after dipping to a weekly low of $1,784 on Tuesday.
According to Coingecko data, the second-largest cryptocurrency by market cap rose to a new monthly timeframe peak of $1,837.
Ethereum price action, April 30 | Coingecko
Zooming out, Ethereum’s seven-day price action reflects a 2.1% gain. ETH Market cap currently sits near $217 billion, holding Ethereum’s position as the second-largest crypto asset.
Meanwhile, trading volume has declined modestly but remains consistent with previous consolidation phases, suggesting a patient accumulation by market participants rather than outright sell-offs.
The ETH/BTC pair is also steady at 0.01905 BTC, up 0.4% over the last 24 hours. This stability relative to Bitcoin shows ETH is holding its own in the broader rotation out of BTC towards altcoins.
Trump Media token launch revives sentiment as ETH tests support range
A shareholder letter from Trump Media & Technology Group (TMTG) this week introduced plans for a new utility token and native Truth wallet, sparking speculative interest in political and media-linked blockchain assets. The news has had a subtle spillover effect on Ethereum, which often benefits from increased media attention around crypto infrastructure.
The token from TMTG is not launching on Ethereum, but the broader theme of media-token integration may renew investor focus on ETH’s role in hosting enterprise-grade apps, NFTs, and tokenized communities.
The broader altcoin market has moved cautiously amid ETF decision delays from the SEC, but Ethereum has managed to avoid deeper losses. With institutional attention now split between meme tokens and serious Layer-1s, ETH’s consistent liquidity continues to act as a stabilizer.
Looking at the 3-month window, Ethereum remains up over 12.9%, reflecting strength from its March rally above $2,100. Still, investor sentiment remains mixed as long as ETH stays below the psychologically important $2,000 level. Short-term volatility may continue, particularly as Bitcoin dominance edges higher and regulatory clarity remains elusive.
Looking ahead: What’s ahead for ETH traders?
While the Trump Media token launch has limited impact on Ethereum’s fundamentals, it emphasises a growing trend of mainstream entities, sovereign governments entering the cryptocurrencies sector.
If this adoption wave gains momentum, ETH price is well-positioned to benefit as the leading network decentralized finance applications.
As of now, traders are watching whether Ethereum can reclaim $1,850–$1,880 in the coming days, with $1,735 remaining the key support to hold.
Ethereum price forecast today: Elliot Wave pattern points to $1,857 target before possible retracement
The Ethereum price forecast chart below displays a clean 5-wave Elliott structure, and price has now reclaimed territory above the mid-range baseline of the Donchian Channel, suggesting bullish control.
Ethereum price forecast
The current uptrend from the April 13 swing low formed a base near $1,681, which aligns with the 0.5 Fibonacci retracement of Wave (1). This level now acts as strong support.
More so, the ETH Volume Delta has cooled significantly, printing –9.58K, signaling reduced bearish pressure rather than decisive profit-taking.
However, ETH candles continue to close above the 20-day moving average line within the Donchian Channel.
The upper band of $1,857 marks the likely target for this impulse wave’s completion. If broken, a rally towards $2,000 becomes plausible.
Still, the breakout prospect is not confirmed without a decisive break above $1,857. A pullback from here could trigger instant retracement toward the 0.382 Fibonacci at $1,735, aligning with Wave (4) corrective targets.
In summary, ETH bullish thesis remains intact if prices stay above $1,681, but a close below this level would challenge the Elliott bullish count, possibly breaking below the $1,500 terittory.
The push for Real-World Asset (RWA) tokenization on the Solana blockchain is growing as Ondo Finance has expanded to the network. As announced on X, the institutional-grade RWA outfit said it is expanding its bridging solution to Solana. Based on historical precedent, this Bridge integration has a massive positive upside for SOL and ONDO, the native assets of both protocols.
The Ondo Finance and Solana RWA Alliance
According to the announcement, Ondo Decentralized Verifier Network (DVN) has expanded to Solana. With it, the Proof-of-Stake chain can link to other EVM-compatible chains like Ethereum, Arbitrum, and Mantle.
As it noted, through the bridge deployment, USDY holders can move assets across the largest crypto platforms to drive a new value system. With more than $170 million worth of USDY on Solana per Total Value Locked on the tokenization platform, users can now do more with this integration.
“This new bridge unlocks frictionless RWA mobility, empowering users to move USDY fluidly without introducing extra counterparty risks or requiring inefficient capital reserves,” the announcement reads, noting that “Each USDY transfer between chains is maximally capital efficient, requiring no additional external capital to fill transfers, as would be required via third-party bridge environments.”
Over the past few months, Ondo Finance has collaborated with World Liberty Financial in a bid to drive its tokenization agenda. For its strides, it has managed to place its token ONDO in the spotlight.
Implications for Solana and ONDO Price
With an active product in high demand by institutional investors, the ONDO price may gain an additional boost over time. Solana is an established blockchain protocol with millions of users. The access to liquidity, all of which may eventually flow into USDY and Ondo Finance-backed solutions, can fuel a big rally.
At the time of writing, the price of ONDO has rebounded, up 1.05% in the past 24 hours to $0.9215. Just like ONDO, Solana has also staged a breakout, up 2.20% in 24 hours to $150.55.
ONDO has other primary growth triggers, like the recent Binance listing, that can also help boost its price outlook. With growing adoption and exchange listings, the token’s accessibility is growing, setting the underlying coin up for a possible breakout.
Meanwhile, there is a growing quest for RWA tokenization in both the Decentralized and Traditional Finance ecosystems. With its recent technology, Ondo Finance may soon be positioned to take a significant market share.
