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ONDO Price Prediction Suggests 500% Upside if $0.60 Resistance Breaks

By | Edited By Ammar Raza,,

Real-world asset tokens returned to focus this weekend after crypto market watcher Crypto Patel highlighted a major development involving Ondo Finance.

The latest ONDO price prediction discussions intensified after reports claimed a pilot involving JPMorgan, Mastercard, and Ripple completed tokenized US Treasury settlements across banks and borders in less than five seconds.

The announcement triggered a flurry of discussions about ONDO, which is the native coin of the Ondo Finance ecosystem.

According to Crypto Patel, ONDO was up by 118% from its initial price of $0.22, and the ecosystem can become one of the best bridges between traditional finance and blockchain technology. The growing institutional interest has also put the spotlight on ONDO’s price prediction in the crypto world.

The trend is pointing towards more RWAs (bonds, Treasuries, stocks), which are tokenized through blockchain technology. Faster settlements, reduced costs, and increased accessibility have been attracting many institutions to this sector.

The pilot project has raised interest in using blockchain in the traditional financial world. The demand for projects related to RWA is increasing.

Also Read: Shiba Inu (SHIB) Price Analysis: Falling Wedge Pattern Signals Potential Breakout 

ONDO Price Prediction Signals Recovery Phase

Ondo finds itself at a very important turning point, having been in an extended downtrend. After a rally towards the year 2024, the price fell due to the appearance of bearish divergence, resulting in a massive price correction of approximately 90%.

Since then, Ondo has retraced back to its range of support between $0.17-$0.25, while resistance is seen in $0.90-$1.00.

ONDO price analysis

Source: X

It appears that accumulation may be resuming from the latest price action. ONDO is generating higher lows without leaving its familiar range of demand.

Current ONDO price prediction shows that once the resistance between $0.50 and $0.60 is broken, higher targets will become possible.

Tokenized Stocks Push ONDO Into Spotlight

According to crypto researcher Niels, ONDO is potentially targeting a future trillion-dollar market. Tokenized stocks were cited by him as among the fastest-growing subcategories within the Real World Asset (RWA) space.

He believes that on-chain equities-related ventures stand a good chance if assets continue flowing to the blockchain in the coming years. The project is also already being discussed along with Robinhood and Superstate regarding tokenized finance.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: NEAR Price Prediction: Technicals and Derivative Data Point to Bullish Reversal

Bitcoin Price Prediction Strengthens As $14 Billion Long Positions Build Pressure

By | Edited By Ammar Raza,,

Bitcoin markets are showing renewed volatility as leveraged positions build sharply on both sides, strengthening attention toward the broader Bitcoin price prediction.

Liquidation heatmaps reveal nearly $14 billion in long positions compared to $4 billion in shorts, creating an uneven setup where even a small price swing could trigger large cascading liquidations across derivatives markets.

BTC $14 billion in long positions compared to $4 billion in shorts

Source: X

However, the discrepancy between positionings has put even more focus on the current Bitcoin price prediction because traders anticipate sharp market movements following any liquidity snares. Any shift in prices by $10,000 may be enough to break past the resistance and support levels.

But things have changed for Bitcoin price prediction. Bitcoin formed its weekly candlestick above the level of $82,000 for the first time since early January. The coin is trading near $82,200 following a breakout from a descending wedge formation.

Technical signals are strong from the get-go. The momentum indicator is increasing, the weekly MACD has shown a bullish crossover, and the RSI stands at 52, signaling a neutral-to-bullish environment. Bitcoin has risen above its 20-period weekly moving average for the first time since 2026.

The levels of $74,000 and $73,600 remain significant supports, whereas resistance seems to be forming around $98,000. Any further breakthrough will cause the price of Bitcoin to move upwards towards the $120,000-$126,000 level, where the previous high was reached in the last cycle.

Bitcoin price analysis

Source: X

Also Read: Shiba Inu (SHIB) Price Analysis: Falling Wedge Pattern Signals Potential Breakout

Macro Conditions Shaping Bitcoin Price Prediction Outlook

Current Bitcoin price prediction takes into account both its technical formation and the wider economic environment. The key catalyst expected in the coming period is the Senate Banking Committee hearing on the Clarity Act on May 14, which may influence regulators’ perception of cryptocurrencies.

The stock market remains resilient, with six consecutive weekly gains boosting market sentiment. Conversely, larger macroeconomic data, such as ISM surveys above 52 and core inflation levels at their lowest in 60 months, have been contributing towards expectations of increased liquidity flowing into risky assets such as Bitcoin.

This has created a positive outlook for Bitcoin price prediction, provided that the macroeconomic environment remains unchanged and there is strong technical performance.

BTC Faces Critical Downside Risk Levels

Despite all the positive indications, risks remain. Should Bitcoin fail to find a solid base near the level of $73,600, the Bitcoin price prediction may turn out to be more pessimistic and may go back towards $58,500, a critical previous level of demand.

At present, the market remains highly reactive to changes in liquidity conditions and news from the policy front and closes higher for the week above crucial moving averages.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: HBAR Price Forecast: Liquidity Sweep Sparks Hope for a Rally to $0.108

Renegade Recovers 90% of Stolen Funds After On-chain Negotiation

By | Edited By Ammar Raza,,

Renegade recovers 90% of stolen funds after on-chain negotiation. The security of decentralized finance (DeFi) took a rare positive turn when Renegade disclosed that a white-hat hacker handed back 90% of the funds stolen from its Arbitrum-based dark pool.

This incident reflects the crypto ecosystem’s changing methods of exploit response that combine on-chain communication and ethical hacking incentives.

The Attack Pulled Out $209K Worth of ERC-20 Tokens

In the attack, the hacker targeted Renegade’s Arbitrum dark pool and managed to steal around $209,000 that was divided between 27 different ERC-20 tokens.

As Renegade recovers 90% of stolen funds, the incident highlights ongoing risks in DeFi. Dark pools are venues where large-volume private trades are made on blockchain networks.

Renegade recovers 90% of the stolen funds
Source: Intellectia AI

Despite the privacy-preserving architecture, dark pools are still vulnerable to smart contract exploits. This breach points out the continuing security problems that face DeFi protocols running on layer-2 scaling solutions like Arbitrum, even as Renegade recovers 90% of stolen funds following the incident.

Also Read: CLARITY Act Heads to Senate Vote as Crypto Industry Awaits Clear US Regulations

On-chain Message Secures Fund Recovery

Renegade’s action was to make an on-chain message to the hacker. The suggestion was that 90% of the funds should be given back, whereas the other 10% would be a white hat bounty to prevent the case from going to court.

This way of talking directly shows a new thing in blockchain security, where projects use transparency and make interested to get the assets back without going to court for a long time.

Also Read: Crypto Prediction Markets’ Growth Accelerates As Regulators and Institutions Enter the Sector

Hacker Returns $190K to Protect Users

Pretty soon after getting that message, the hacker sent back about $190,000. Then, in another on-chain message, they said that the reason for the return was to protect DeFi users as Renegade recovers 90% of stolen funds.

Getting back a part of the money is a way to keep user trust, and at the same time, the white hat is rewarded; this is one of the benefits of ethical hacking in decentralized ecosystems. The approach sets a precedent for collaborative exploit resolution across layer-2 protocols.

Also Read: Bithumb Crypto Partnership Expands Into Vietnam’s Digital Asset Market

XRP Price Prediction 2026-2032: Could XRP Surge Toward $10.32 Breakout?

By | Edited By Ammar Raza,,

XRP price is showing steady market activity with mixed sentiment across broader trading conditions. The short-term forecast shows sideways price movements with a slight downward pressure due to a lack of catalysts.

XRP is trading near $1.45 with a 24-hour trading volume of $4.75 billion, an $89.61 billion market capitalization, and 3.33% market dominance, reflecting stable market activity. The token recorded a 2.29% daily increase amid mixed sentiment across the broader cryptocurrency market and continued consolidation within its current trading range.

XRP price chart
Source: CoinGecko

In a post on X, analyst Gustavo Maldonado shared a long-term XRP outlook for 2026–2032, highlighting potential price growth driven by increasing adoption, expanding ecosystem utility, and broader integration of blockchain-based payment solutions across global financial markets.

Also Read | Injective Price Prediction: INJ Bullish Breakout Targets $5.50 Resistance

XRP Projected Toward $2.48 By 2026

According to CoinCodex, the XRP price may trade around $1.43 by June 10, 2026. The projection indicates relatively neutral sentiment with slight bearish movements and low probabilities of reaching higher levels amid unfavorable short-term conditions and weak investor sentiment. Current market sentiment remains weak.

XRP price analysis
Source: CoinCodex

XRP is projected to reach approximately $2.48 by the end of 2026, reflecting moderate growth from current levels. Increasing utility of the XRP Ledger in cross-border payments and institutional adoption is expected to support gradual upward momentum, despite ongoing volatility and mixed sentiment across digital asset markets. Conditions remain fluid.

XRP Price Long-Term Forecast Around $10.32

Gustavo Maldonado highlighted that the XRP price could average $4.82 during 2027 and 2028, with a possible peak reaching $5.23 in 2028. This scenario requires sustaining high ecosystem development, efficient transactions, and wider implementation of XRP payment solutions into the financial system.

From 2029 through 2030, the asset’s price may be traded in the range of $14.20 and $23.00. Positive dynamics are forecasted to prevail during that period due to increasing adoption, regulatory clarity, and rising transaction efficiency with XRP on the blockchain network.

Overall, the XRP price may show movements in the range of $9.91 to $10.74 by 2032, with an expected average of $10.32 per CoinCodex. It should take into account the continued adoption of blockchain payment networks and improved scalability conditions for digital assets’ market players.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | SUI Price Analysis: Bulls Target $1.30 as Rally Gains Momentum

Ripple Prime Secures $200 Million From Neuberger to Expand Margin Trading

By | Edited By Ammar Raza,,

Ripple Prime has secured a $200 million Neuberger Berman facility to expand margin lending across equities, fixed income, and digital assets. The funding scales with institutional demand and is collateral-backed, improving trading liquidity. It supports Ripple’s unified financing model across traditional and crypto markets amid rising institutional adoption.

Ripple Prime Financing Expansion Deal

Ripple Prime secured a $200 million financing facility from Neuberger Berman through its specialty finance group. The structure gives the firm access to as much as $200 million, depending on institutional borrowing demand across trading desks.

The capital supports margin lending for equities, fixed income, and digital assets under a single credit framework. Executives said the model aligns financing with collateralized positions, improving liquidity efficiency and reducing fragmented risk exposure.

The asset-based structure functions similarly to receivable-backed credit facilities, allowing scalable deployment as market activity rises.

Ripple aims to strengthen cross-asset trading support using blockchain infrastructure while maintaining flexible credit access for institutional investors operating in multiple markets.

Also Read: LAZIO Price Analysis Signals Accumulation as Analyst Eyes Bullish Continuation

Prime Brokerage Expansion Strategy

The Ripple Prime is now offering increased brokerage services to help provide more margins to its institutional customers who trade within the global markets.

According to the President of Ripple Prime, Noel Kimmel, this involves the creation of a holistic credit platform that connects various asset classes without the usual barriers between equity, fixed income, and crypto.

Margin borrowing is facilitated through the use of collateral from clients, allowing for more leverage and trading opportunities. This will help ensure the availability of liquidity while at the same time managing risks based on the real-time performance of portfolios.

Institutional Growth and Market Expansion

Institutional investors are investing more in digital assets due to the increased investment in crypto by the world’s financial companies. This has been made possible by regulatory policy changes that support cryptocurrency.

For instance, the Trump administration supported pro-cryptocurrency policies. Some of the firms include State Street Corporation and Standard Chartered Plc, which are establishing platforms and providing prime brokerage services for digital asset trading.

Ripple has been expanding its services via acquisitions. It acquired Hidden Road, worth $1.25 billion, and GTreasury, worth $1 billion.

The firm has raised additional capital worth $500 million to bring its valuation to $40 billion. With this, it is well-positioned to provide broader custodial, stablecoin, and prime brokerage services around the globe.

Also Read: Solv Protocol Migrates $700M BTC Assets to Chainlink CCIP

Galaxy Digital & SharpLink to Launch $125M Onchain Yield Fund

By | Edited By Ammar Raza,,

Galaxy Digital and Sharplink plan to launch an institutional onchain yield fund backed by Sharplink’s Ethereum treasury. The fund has $125 million in initial commitments and will deploy capital across DeFi liquidity protocols and other yield-generating strategies in coming weeks.

According to the announcement, the Galaxy Sharplink Onchain Yield Fund will be structured as a limited partnership. Galaxy will serve as the investment manager and apply its research, exposure sizing, and risk management framework to the strategy.

Also Read: Ethereum Price Analysis Shows ETH Testing $2,450 Breakout Zone

SharpLink ETH Treasury Backs Onchain Yield Fund

Sharplink is putting up $100 million of its staked Ethereum treasury. Galaxy will also invest an additional $25 million. The companies said that the arrangement is based on a non-binding memorandum of understanding and is still subject to final documentation.

Sharplink on Monday released its first-quarter 2026 earnings alongside news of the planned $10 million onchain yield fund. The company said it now has 872,984 ETH in its treasury. That figure grew from 864,597 ETH when it peaked in late 2025.

Source: Sharplink

As of 4 May 2026, Sharplink had recorded a total amount of staking rewards since inception equal to 18,800 ETH. Galaxy: The plan is to deploy part of their staked Ethereum treasury into Galaxy’s institutional onchain yield strategies as per the Galaxy partnership.

Sharplink is the second-largest public corporate holder of Ethereum. Bitmine Immersion Technologies holds more than 4.5 million ETH. As Sharplink ramps up its public market ETH-focused treasury strategy, it describes itself as the “MicroStrategy of Ethereum.”

Around $3.2 billion has been accumulated through capital markets to make these acquisitions for Ethereum. Its performance is tracked via ETH per share, which currently stands at 4.01. That initiative continues to be a key part of its market strategy, which is oriented toward treasury.

SharpLink Targets ETH Yield Despite 2025 Loss

Sharplink announced a net loss of $734.6 million for 2025. This result was predominantly due to $616.2 million in unrealized losses on ETH-owned under fair-value accounting rules. However, institutional ownership increased from 6% to 46% during this time period.

Chief Executive Officer Joseph Chalom stated that Sharplink aims to deploy its ETH into higher yield-generating strategies while still keeping an emphasis on risk management. The partnership will allow Galaxy to deploy some of the company’s staked Ethereum treasury into an institutional onchain yield strategy.

Chief Investment Officer Matthew Sheffield said this structure was designed to maintain the staked Ethereum exposure core to SharpLink. He said the strategy is meant to produce excess returns that flow back into the hands of shareholders.

This puts Sharplink one step closer to actively engaging in the world of DeFi with the Galaxy partnership. The onchain yield fund will deploy capital into liquidity protocols and yield-generating applications, retaining Ethereum as the backbone treasury asset of the company.

This structure provides Sharplink with access to additional returns further above the passive staking. Additionally, during setup, the onchain yield fund embeds Galaxy’s back-office asset management process within a DeFi-backed strategy by treasury to provide managed exposure for institutional investors.

Also Read: Crypto.com Becomes UAE’s First Fully Licensed Crypto Payments Provider

Bitmine Holds 5.2M Ethereum Worth $12.08B in May 2026

By | Edited By Ammar Raza,,

Bitmine has expanded its Ethereum holdings to more than 5.2 million ETH, valued at approximately $12.08 billion, according to recent on-chain data shared by Lookonchain. The accumulation highlights growing institutional participation in Ethereum and reflects continued interest in staking-based treasury strategies during 2026.

Bitmine Adds 26,659 ETH in Latest Weekly Purchase

The data released by Lookonchain revealed that Bitmine bought another 26,659 ETH with a value of about $61.88 million in the previous week. This purchase increased their total holdings of Ethereum tokens to 5,206,790 ETH. The continuous buying trend is a result of the firm buying ETH for many months now in the year 2026.

Bitmine adds 26,659 Ethereum in latest weekly purchase
Source: Lookonchain

These buys have been attributed to the investment practices associated with Tom Lee, whose market views on the ETH network have always projected its potential. The weekly buys data revealed that Bitmine was buying significant quantities of ETH each week from January to May. At times, the buys went over 100,000 ETH per week.

Also Read: Ethereum Price Analysis Shows ETH Testing $2,450 Breakout Zone

More Than 90% of Ethereum Holdings Are Staked

Bitmine has invested a substantial share of its ETH holdings into staking. As per the statistics, Bitmine has staked 4,712,917 ETH, amounting to roughly 90.51 percent of their total holdings. At today’s market prices, the stakes hold a value of close to $10.94 billion.

By staking, Ethereum owners can make money from network rewards while helping with the blockchain validation process. Staking has been increasingly adopted as an investment management technique by institutional investors to yield returns from their cryptocurrency investments. The high staking ratio implies that Bitmine has positioned its ETH holdings for long-term exposure.

Institutional Ethereum Demand Continues to Grow

The size of Bitmine’s portfolio speaks volumes about how institutions have been interested in Ethereum throughout 2026.

With more organizations adding to their portfolios through ETH, it becomes clear that there is increasing activity surrounding decentralized finance, tokenization, and staking solutions. Ethereum continues to be the leading blockchain network for smart contracts.

Analysts have pointed out that institutional staking may also affect the liquidity of the tokens in the marketplace since if a substantial proportion of the tokens is locked up in staking agreements, there will be less liquidity in the market since fewer tokens will be available for immediate trading.

Ethereum Treasury Strategies Gain Momentum in 2026

Corporate treasuries that involve digital currencies have moved past merely storing cryptocurrencies on their books. Firms are adopting methods such as staking and yield farming through decentralized finance networks as part of their asset management process. The proof-of-stake concept utilized by Ethereum has made it especially appealing to corporate treasuries.

Yet, one must consider the fact that such a strategy is fraught with some risks associated with market instability, protocol changes, and liquidity issues.

Major ETH stakeholders will experience difficulties when quick access to liquidity is required at moments of high volatility. Nevertheless, the company’s bold approach can be viewed as a reflection of its confidence in the future of Ethereum.

Also Read: Ethereum Price Analysis Shows ETH Testing $2,450 Breakout Zone

MoonPay Expands AI Trading Push With Dawn Labs Deal

By | Edited By Messam Raza,,

MoonPay has acquired Dawn Labs to expand its AI trading work in crypto infrastructure. The company announced the deal Monday with Dawn CLI, a tool that lets users create and run strategies through plain-language commands instead of code or software.

Dawn Labs is a research startup focused on AI tools for trading. MoonPay said the acquisition supports its plan to build financial products for AI agents and users.

When announcing the acquisition, the company also introduced Dawn CLI. It has a platform that can convert users’ written strategy into code driving the trades.

Also Read: MoonPay Acquires Solana Trading Platform DFlow in $100 Million Stock Deal

AI Trading Tool Targets Prediction Market Users

As per the announcement, users can describe a strategy in plain English. Dawn CLI builds the code and will run tests on the strategy and then execute trades automatically.

Neeraj Prasad, Chief Engineer of MoonPay Labs, told users that they can describe what they want in plain language. After this step, the system takes care of executing and coding.

According to Dawn Labs, the aim is to make deep technical knowledge less necessary. It also seeks to provide easier access for end users to AI trading tools.

The first version of Dawn CLI is focused on prediction markets. These markets allow users to speculate on real-world events, like elections, sporting outcomes, economic data, and international news.

Source: DAWN

Prediction markets were chosen on account of the fast growth in the segment, said Prasad. This has drawn attention to event-based trading via platforms like Polymarket and Kalshi.

The system starts with an idea by the user. From then on, it queries market data, improves the forecast, writes trading code, runs simulations, and implements the strategy.

Dawn CLI to Launch First on Polymarket

The first platform for which Dawn CLI will be available is Polymarket. MoonPay said this tool could later be extended to other markets and types of assets.

The purchase arrives as crypto and tech firms increasingly test AI trading and agent-based finance. Projects like Coinbase, Alchemy Pay, Google, and OKX have built tools that integrate AI agents with payments, trading systems, and crypto infrastructure.

MoonPay said the acquisition of Dawn Labs is aligned to its broader strategy of adopting AI in trading finance. The firm has previously stated what its business centers on funding, tokenizing, trading, and spending.

Prasad said MoonPay’s agentic products put that same stack in the hands of AI agents. According to him, each product is meant to move value from humans and agents more easily.

MoonPay did not share the financial details of the acquisition. The acquisition represents one more step in AI trading dealing for the organization as crypto firms play with robotization, market instruments, and installment frameworks assigned for AI specialists.

Also Read: AAVE Price Gains Attention As Aave v4 Deposits Cross $50 Millio

Australia Plans Capital Gains Tax Shift for Crypto Investors: Report

By | Edited By Ammar Raza,,

Australia is preparing to detail proposed capital gains tax changes affecting crypto investors and other asset holders. The Australian Financial Review reported the plan may replace the current discount system and give investors a transition period before the new rules begin soon.

Treasurer Jim Chalmers is expected to outline the proposal on Tuesday during budget night. The Australian Financial Review reported that the government plans a one-year grace period before the changes take effect.

Also Read: Canton Network Developer Digital Asset Seeks $300 Million Funding at $2B Valuation

Crypto Investors Face Capital Gains Tax Rule Change

The proposed plan is to replace the CGT discount of 50% for assets kept for more than a year. It would shift to an inflation-indexed system. The change could raise tax bills for some long-term investors.

According to a report from the Sydney Morning Herald, cryptocurrencies would be part of the list of affected assets. This could include crypto assets, stocks, real estate, and other investments.

Assets purchased after budget night would still qualify for the current 50% discount at transition. Reports said that treatment would last until mid-2027. The new system would then apply after the grace period ends.

The capital gains tax shift could have an impact on high-income people who have significant investment income. It can also impact assets with low post-inflation returns. Investors would have to make a calculation to determine the impact of the new formula on the resulting tax bills.

The announced plan would provide partial protection for assets acquired prior to May 10. The final discount would reflect the period of assets’ holding under the old and new systems.

The modifications should go into effect in July 2027. The transition would be for assets purchased after May 10. The discount of 50% would remain in effect during this time.

Investors Weigh Impact of Australia’s CGT Proposal

Chris Joye, a portfolio manager at Coolabah Capital Investments and an AFR columnist, criticized the proposal on X. He said the budget could double the capital gains tax burden on productive businesses and assets from about 23.5% to 46-47%.

Joye said investors may move more money into owner-occupied homes because of their tax treatment. He described tax-free housing as the biggest likely winner from the budget proposal.

Source: Chris Joye

Scott Phillips, chief investment officer at The Motley Fool, had a different perspective. He said investors could end up paying higher taxes under the changes. But he said founders and growth investors would still have a compelling reason to invest.

Phillips said those groups would still seek major returns. He said that profits, even increased tax pressures, would continue to be the primary motivation.

The capital gains tax proposal remains to be formally detailed in the budget. Its final impact on crypto investors will depend on the exact rules, transition terms, and how inflation indexation is applied.

Also Read: Strategy Boosts Bitcoin Buying, Saylor Leads Treasury 2026

Ethereum Price Analysis Shows ETH Testing $2,450 Breakout Zone

By | Edited By Ammar Raza,,

Ethereum price analysis shows traders are watching a narrow breakout zone as leverage cools across derivatives markets, as of May 11, 2026. ETH remains near key resistance after weeks of range-bound action, while funding data signals a shift in positioning before the next market move.

As of writing, Ethereum (ETH) is trading at $2,337.88, showing a 0.54% uptick in the past day. The trading volume is showing a strong bullish surge up 95.86% and is currently standing at $21.54 billion. Over the last week, the coin price has decreased by 0.17%, as per CoinMarketCap.

Source: CoinMarketCap

Also Read: BlackRock Expands Tokenized Treasury Fund Initiative on Ethereum in 2026

Ethereum Price Analysis Shows Derivatives Cooling

Analyst Darkfost pointed out that the derivatives activity of Ethereum has waned ahead of a potential breakthrough. The analyst noted that ETH has moved between $2,250 and $2,450 for nearly one month. This consolidation occurred after a rally of approximately 33% above the February low.

Additionally, the Ethereum price analysis reveals that open interest grew during this rebound. Darkfost stated that during the move, Ethereum’s open interest rose by approximately $4.5 billion. The increase reflected a robust rebound in derivatives trading as traders took on new exposures.

The leverage build-up was clear on Binance. The highest estimated leverage ratio seen by ETH on Binance was 0.76 on March 16. That was the level that exhibited quicker leveraging activity throughout the rally.

The funding rates remained largely negative over the same period. This showed that many investors remained positioned bearishly. The market condition was mixed as recovery was seen for ETH while traders remained heavy on the move.

Source: Darkfost

ETH Tests $2,450 as Leverage Ratio Declines

Ethereum price analysis now points to a change in that setup. The leverage ratio of ETH on Binance has fallen significantly to 0.57. The decline came as the token again tested the $2,450 resistance level.

Funding rates have also turned mostly positive. This indicates that long positions are back in control. Darkfost attributed that leverage reduction to position liquidation on both sides of the market.

There were some long closures as ETH reversed back to $2,350. During the rally, short positions were also closed or liquidated. The analyst said this does not need to be viewed as a bearish signal.

Source: Darkfost

Reducing leverage is one way to decrease unexpected market stress. It could also help to build a more solid base as ETH attempts to surpass its range. However, there might be a need for some spot demand to create a breakout.

Volume and Open Interest Rise

CoinGlass data has added more details to the Ethereum price analysis. The future volume jumped 117.72% to $47.09 billion. Open interest rose by 0.64% to $33.29 billion, while the ETH OI-weighted funding rate was 0.0045%.

Source: CoinGlass

In the past 24 hours, total liquidations added up to $91.64 million. Long liquidations amounted to $35.60 million, and short liquidations totaled $56.05 million. Ethereum price analysis suggests the next major move depends on resistance and spot demand.

Source: CoinGlass

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: SUI Price Analysis: Bulls Target $1.30 as Rally Gains Momentum