Top Reasons Ethereum (ETH) Price Gained Today

Monicah W

The post Top Reasons Ethereum (ETH) Price Gained Today appeared first on Coinpedia Fintech News

  • The Ethereum ecosystem has been buzzing with remarkable developments in the recent past amid rising altseason reckoning.
  • Ether price is well positioned to rally towards its ATH in the coming weeks.

Ethereum (ETH) price rallied over 8 percent in the past 24 hours to reach a daily and local high of about $2,702. The large-cap altcoin, with a fully diluted valuation of about $322 billion and a 24-hour average traded volume of around $31 billion, established a bullish sentiment following last week’s 40 percent uproar.

Major Forces Behind Ethereum Price Pump Today

Bullish Catalyst from Pectra Upgrade

The recent mainnet launch of the Pectra upgrade has helped the Ethereum network become more competitive to other layer one (L1) chains, led by Solana (SOL). Moreover, the Pectra upgrade enhanced Ethereum scalability and efficiency, which is a key consideration by most institutional investors seeking to build and invest in the web3 space.

Lower U.S. Inflation Amid Geo-economic Slowdown 

Earlier on Tuesday, the U.S. Bureau of Labor Statistics announced the country’s inflation dropped by 2.3 percent YoY in April. Amid the ongoing global trade negotiations led by the United States, the cryptocurrency market, led by Bitcoin, has emerged as an alternative investment to more institutional investors.

Organic Spot Market Demand from Institutional Investors 

As the altcoins gradually gain ground over Bitcoin dominance, the overall demand for Ether by institutional investors has significantly surged. Notably, Ethereum’s Futures Open Interest (OI) surged by over 12 percent in the last 24 hours to hover about $32 billion on Tuesday, during the late North American trading session.

Short Squeeze Impact

Following the sudden Ethereum rebound in the past few days, a significant surge in short liquidation was recorded. In the past 24 hours, Ether’s leveraged market recorded more than $145 million in forced liquidations, with over $107 million involving short liquidations.

As a result, the odds of a short squeeze have significantly surged in the past few days.

What Next for Ether

As Bitcoin price attempts to rally beyond $105k, the wider altcoin market has experienced a significant surge in bullish sentiment. Moreover, the Ethereum fear and greed index surged to over 75 percent on Tuesday, signaling more bullish investors.

From a technical analysis standpoint, Ether’s price is well-positioned to retest its all-time high in the near future. In the weekly timeframe, the MACD line has crossed the signal line for the first time YTD. Most importantly, Ether price has regained the macro support level above $2,360 after a notable correction in the first quarter.

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Why Pi Network Listing on Coinbase Matters More Than Binance

What is Pi Network Ventures_ Exploring the $100M Fund and Its Impact on Pi Coin

The post Why Pi Network Listing on Coinbase Matters More Than Binance appeared first on Coinpedia Fintech News

Many people in the Pi Network community are waiting for the big moment—when Pi finally gets listed on a major exchange like Binance. But for some, it’s not just about any exchange. It’s about Coinbase, the most trusted crypto platform in the U.S. 

According to crypto analyst Mr. Spock 𝛑, a listing on Coinbase could unlock Pi’s true value and bring it closer to real-world use.

Coinbase Isn’t Just an Exchange—It’s a Gateway to Utility

Coinbase isn’t just another platform, it’s a fully regulated U.S.-based exchange, trusted by millions and deeply rooted in the American financial system. And when a coin gets listed on Coinbase, it doesn’t just become tradable, it becomes usable.

Coinbase offers real-world tools, like the Coinbase Visa card, which lets users spend their crypto like cash. 

Mr. Spock explains his personal experience of how he uses this card to pay for food, shop at stores like Walmart, and even withdraw cash from ATMs, all while earning Bitcoin rewards on every purchase.

He imagines a world where Pi Coin pays for meals, gas, and groceries, and rewards users with crypto benefits, not in theory, but in practice.

Why Coinbase Is Better Than Binance for Pi

Further, Mr. Spock also makes a strong case for why Coinbase matters more than Binance, especially in the U.S. He notes that Binance.com and Binance.US are completely separate, with the U.S. version offering fewer coins and features.

Binance.com is unavailable to American users due to regulatory restrictions, while Binance.US operates under a different company with limited reach. 

On the other hand, Coinbase has regulatory clarity and deeper market integration, something Pi would benefit from if it wants to grow in the U.S.

Pi’s Real Goal

To Mr. Spock and many Pi supporters, this isn’t just about price—it’s about purpose. If Pi becomes spendable through Coinbase tools like the Visa card, it could finally blend crypto with daily life. That’s when the real impact begins, not just building wealth, but changing how we use money altogether.

So while many are waiting for any exchange, some believe that waiting for Coinbase is worth it. 

The post Why Pi Network Listing on Coinbase Matters More Than Binance appeared first on Coinpedia Fintech News
Many people in the Pi Network community are waiting for the big moment—when Pi finally gets listed on a major exchange like Binance. But for some, it’s not just about any exchange. It’s about Coinbase, the most trusted crypto platform in the U.S.  According to crypto analyst Mr. Spock 𝛑, a listing on Coinbase could …

Mantra Crypto Crash : Why OM Coin Price Crashed Heavily?

Mantra

The post Mantra Crypto Crash : Why OM Coin Price Crashed Heavily? appeared first on Coinpedia Fintech News

The crypto world was shaken as OM, the token of the MANTRA project, nosedived by over 90% in less than an hour, wiping out more than $6 billion in value. Crypto analysts Sjuul from AltCryptoGems and StarPlatinum have detailed the events revealing how red flags, team control, and behind-the-scenes deals contributed to what some call “LUNA 2.0.” Is it an inside job? Let’s unpack the details. 

However, in an official statement, the firm clarified that the sell-off was not an insider job, and they are working to resolve the matter soon. MANTRA’s co-founder, John Patrick Mullin, also said that there is no need to panic and that they are investigating the matter. 

Sjuul’s Breakdown: Manipulation and OTC Deals Led to Collapse

According to Sjuul, the crash was triggered when a wallet linked to the MANTRA team suddenly deposited 3.9 million OM tokens onto OKX. This raised immediate concerns, as the team is known to control nearly 90% of the token’s total supply. With such control, any sell-off could crash the market, and that’s exactly what happened.

Sjuul highlighted that trust had already been broken in the OM community over the past year. The team allegedly manipulated the market using market makers, secretly altered tokenomics, and repeatedly delayed a promised community airdrop. These actions had already put the community on edge.

But the real shock came with rumors of OTC deals, mainly private sales, where tokens were reportedly offered at massive discounts, some up to 50% off. When the token’s price began to slide, even these investors rushed to exit, causing a chain reaction. Stop-losses were triggered, leveraged positions liquidated, and within an hour, the price plummeted 90%, burning countless investors.

StarPlatinum’s Analysis: Airdrop Scandal and Vanishing Act

Another crypto analyst StarPlatinum, echoed the alarm, calling it a disaster on the scale of LUNA. He pointed to the team’s controversial airdrop incident just a month ago, where over 50% of eligible wallets were suddenly blacklisted without explanation. This move alienated the community and created deep suspicion.

He also highlighted the team’s quiet changes to tokenomics, founder inactivity, and rumors of price control through market makers. When the wallet transfer to OKX happened, it triggered widespread fear. As news of the OTC deals spread, panic selling began. In one hour, OM crashed from $7 to just $0.50.

What made things worse, according to StarPlatinum, was the OM Telegram group getting deleted right after the crash. The final message before deletion likened the event to “LUNA 2.0.” Since then, the team has gone silent, adding to the chaos.

Don’t Ignore Red Flags

Both analysts agreed on one thing that when a token is overly centralized, lacks transparency, and constantly shifts its rules, danger is never far behind. The OM crash serves as a brutal reminder to always research before investing.

The post Mantra Crypto Crash : Why OM Coin Price Crashed Heavily? appeared first on Coinpedia Fintech News
The crypto world was shaken as OM, the token of the MANTRA project, nosedived by over 90% in less than an hour, wiping out more than $6 billion in value. Crypto analysts Sjuul from AltCryptoGems and StarPlatinum have detailed the events revealing how red flags, team control, and behind-the-scenes deals contributed to what some call …