On May 2, 2025, at 9:25 AM PST, the TRON DAO X account was compromised following a social engineering attack on a team member. The attacker posted a contract address, sent direct messages, and followed various accounts. This breach emphasizes the dangers of social engineering, as it allowed the unauthorized party to manipulate the account. TRON DAO X is currently investigating the incident and working on measures to enhance security moving forward.
Cardano (ADA) price risks a decline amid the upcoming Ethereum Pectra upgrade as historical patterns indicate that network improvements on ETH have not always boded well for ADA. Pectra is going live today, May 7, and Cardano is defying the odds with an intraday gain of 2% at press time. However, will history rhyme and force ADA to plunge and possibly lose crucial support at $0.66? Let’s explore.
Why Cardano Price Faces Pressure from Ethereum’s Pectra
The Cardano vs. Ethereum battle for dominance has been ongoing for years, considering that the two are some of the oldest layer one networks in the crypto industry. This battle has often led to ADA facing bearish pressure whenever there are improvements on the Ethereum network to improve its scalability and usage.
For instance, Cardano price recorded its steepest correction in 2021 that began after the London upgrade that introduced a mechanism to burn part of transaction fees to make ETH more deflationary. In 2022, ADA also declined after the Ethereum Merge that transitioned the network from proof-of-work to proof-of-stake.
Cardano Price Chart
The most recent ETH upgrade happened early last year when Cardano faced a 65% decline after Dencun. If history rhymes and the upcoming Pectra upgrade fuels a decline for this ETH rival, the ADA price is at risk of a steep downtrend.
Looming Long Liquidations Put ADA at Risk
If Cardano will crash and lose critical support as history rhymes, the cluster of long liquidations that are around $0.66 will fuel an even steeper downtrend. The liquidation map shows that more than $5.4 million in long ADA positions will be closed if the price falls to this level, and this will trigger a spike in selling pressure.
ADA Liquidation Map
Analyst Kamil reacted to this situation, stating that “ADA traders are playing with fire” as the high leverage on this altcoin will cause Cardano volatility as millions of positions are closed. Besides the high long leverage, another analyst also noted that a decline in whale activity and transactions will have a bearish effect on the Cardano price prediction. He said,
“Whales are stepping back and transaction has been down up to 83%. Still watching out for its momentum to get stable otherwise we will embrace weakening confidence from big players.”
These market conditions indicate that it is likely for the price of Cardano to face downward pressure in the coming weeks, and this will match the historical patterns whereby the altcoin dropped when the Pectra upgrade went live.
However, a spike in network activity may invalidate this bearish outlook towards the altcoin, as data from DeFiLlama reveals that the stablecoin market cap on the blockchain has reached an all-time high. This points to increased network usage that may bolster ADA’s utility.
Cardano Technical Analysis
The four-hour Cardano chart shows a mixed ADA technical outlook. The RSI has been rejected in its attempt to cross above 50, showing that the recent surge in buying pressure is waning, and this may cause a resumption of the downward trend depicted in the descending parallel channel.
However, Cardano price is teasing to break out from this channel, and the MACD has formed a buy signal after crossing above the signal line. A strong breakout from the bearish pattern will only occur if it makes a strong close above the resistance trendline, and the RSI also makes a higher high above 50.
ADA/USDT: 4-Hour Chart
To sum up, Cardano may be on the verge of a downward correction if history rhymes and the upcoming Pectra upgrade on Ethereum stirs a price decline. This bearish thesis will be invalid if ADA can make a decisive close from a descending trendline, as this will confirm that the trend is about to shift from a negative one to a sustained uptrend.
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism. Historical trends, on-chain data, whale accumulation behavior, and upcoming technological upgrades form a strong foundation for a potential price rebound.
Here are four key reasons why analysts believe ETH could recover strongly in May.
Why Ethereum Might Recover in May 2025
The first reason stems from ETH’s historical price performance. Data from CoinGlass shows that May is typically the best-performing month for ETH.
Over the years, ETH has posted an average return of 27.36% in May, the highest among all months.
While not every May ends with gains, historical trends suggest this month usually brings positive sentiment and upward momentum for ETH. Given the current conditions, Cyclop expects ETH to maintain its growth this month and reach the $2,500 target.
“May is historically the best month for ETH. $2,500 by the month’s end,” analyst Cyclop predicted.
Another critical factor supporting a bullish outlook is on-chain data, particularly the MVRV (Market Value to Realized Value) ratio. According to analyst Michaël van de Poppe, ETH’s MVRV ratio is currently at its lowest since March 2020, when the COVID-19 pandemic heavily impacted the crypto market.
A low MVRV ratio suggests ETH is undervalued compared to its on-chain value. This signal has only appeared six times in the past ten years, often preceding major recoveries. The chart also indicates that ETH could experience significant growth within the next 3 to 12 months.
The third bullish sign is recent whale accumulation behavior. According to CryptoQuant, these investors didn’t abandon their strategy even though ETH’s price dropped, and many accumulation addresses remain at unrealized losses.
Instead, they increased their ETH holdings.
On March 10, accumulation addresses held 15.5356 million ETH. By May 3, this number had climbed to 19.0378 million ETH — a 22.54% increase.
ETH: Balance on Accumulation Address. Source: CryptoQuant.
“ETH investors demonstrate strong belief in the asset, project, and ecosystem. Their on-chain behavior reflects structural conviction and clear expectations of short-term appreciation — aligned with Ethereum’s broader evolution,” analyst Carmelo_Alemán said.
Finally, Ethereum’s upcoming Pectra upgrade, scheduled for May 7, 2025, contributes to market optimism. The upgrade aims to improve wallet usability and user experience. It could boost dApp adoption and long-term ETH demand.
Meanwhile, May 7 is also the date of the FOMC meeting, where the Fed will announce its interest rate decision. If macroeconomic news is favorable, it could amplify ETH’s short-term gains alongside the other factors.
However, if the news is negative, it could complicate ETH’s price action in May.
As Pi Coin continues to hover near the $0.6 mark, speculations are high over a major Pi Network listing’s impact on the crypto’s price ahead. The community has called for major updates from the Pi Core team or significant listing updates to help recover the asset’s price. Amid this, a top crypto exchange has shared a cryptic post, indicating a potential listing ahead and sparking market optimism.
Top Crypto Exchange Sparks Pi Network Listing Speculations
A recent X post from HTX Exchange fueled speculations over a potential Pi Network listing. The exchange posted an image featuring the Pi Coin logo alongside other crypto projects. Though no direct announcement was made, the visual cue was enough to trigger optimism among Pi supporters.
Shortly after, Pi-dedicated media outlet The Times of PiNetwork commented on the image. They suggested that HTX might be preparing to list Pi Coin through a verified onboarding process. “HTX tagged the Pi logo in its latest X post. Could this mean a spot listing is on the way via KYB?” the platform posted, raising eyebrows across the crypto space.
Source: The Times of PiNetwork, X
Is KYB Verification Complete?
Validator group PiNewsZone also responded to the buzz. They hinted that the Know Your Business (KYB) verification process could already be complete. “Seems they have passed KYB. lets hope they update it.” they remarked.
While no formal listing confirmation has surfaced, this activity signals growing institutional interest in Pi Network. Besides, a renowned figure from the Pi Community has lauded the Network’s slow growth as a “strategic” move recently.
Pi Network Price: What Lies Ahead?
Pi value today recorded marginal gains and exchanged hands at $0.6137 and its one-day volume fell 29% to $119.09 million. Notably, the crypto has hovered between the $0.63 and $0.60 levels over the last 24 hours due to the absence of any major catalysts.
Community Calls For Transparency & Efforts
Meanwhile, the Pi Network community has called on the core team to act decisively for weeks. Now, the holders and community want more transparency and stronger efforts to push for exchange listings.
Considering that, a potential listing on a leading platform like HTX could be a game-changer. It may boost liquidity, open up global access, and restore momentum. However, without any major catalysts, a Pi Price prediction hints that the crypto might hover near its current level over the next few months.
