Ethereum Faces a Pullback After New Highs

Following its rally, Ethereum retraced to around $4,200 amid selling pressure. Well-known crypto analyst Ali Martinez suggested that this correction may be setting the stage for a significant breakout in ETH’s price action.

Bollinger Bands Signal Potential Major Move

According to Martinez’s analysis shared on X, Ethereum’s Bollinger Bands have narrowed sharply, signaling a move into a “squeeze zone.”

In technical terms, a squeeze reflects declining volatility, often preceding a strong directional move. While such setups can break either way, Martinez emphasized that heavy institutional accumulation makes an upside breakout more likely.

Institutions Step Up ETH Accumulation

On-chain data supports this bullish narrative. Blockchain analytics platform Lookonchain reported that in the past 24 hours, four newly created wallets withdrew 78,229 ETH—valued at roughly $342 million—from the crypto exchange Kraken.

Such large-scale withdrawals are widely interpreted as institutional buying, underscoring rising confidence in Ethereum’s long-term outlook.

Trend Research Returns to the Market

Another noteworthy development came from Trend Research, which has resumed buying ETH after previously selling at lower levels.

• Just two months ago, the firm sold 79,470 ETH (worth about $250 million) at an average price of $3,145.

• Recently, it acquired 9,377 ETH (around $41.37 million) from Binance.

Blockchain data reveals that Trend Research first borrowed 88 million USDT from Aave, deposited it into Binance, purchased ETH, and then moved the assets into its own wallets.

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Bearish Signals Strengthen for XRP 

On the daily chart, XRP is forming a bearish symmetrical triangle pattern. This suggests a potential 40% drop to $1.25. Additionally, transaction volume on the network is declining. 

Volatility Ahead of Fed Meeting 

Ahead of the Fed’s interest rate decisions, XRP faces a $55 million liquidation risk. Open interest has decreased by $500 million, falling to $3.8 billion, indicating shaken investor confidence. The XRP/BTC ratio is also at a three-week low, showing weakness against Bitcoin. 

Foreign Analysts’ Predictions 

Bank of America predicts XRP could reach $15 by 2030. However, in the short term, Bybit data reveals that $8 million in long position liquidations is fueling selling pressure. CryptoQuant notes that the MACD indicator has turned negative, but the 45% RSI level offers a slight chance of recovery. 

• Kraken analyst James points out that the MACD has turned negative, but the Bollinger Bands are narrowing. This suggests potential increased volatility. 
• A break below a support level (e.g., closing below $2.00 USD) could trigger a move toward the next support levels ($1.96 or $1.77 USD). 
• A breakout above resistance levels (e.g., $2.20 or $2.48 USD) could initiate a new uptrend. A breakout supported by volume increases the reliability of the move. 

Analysts predict that, thanks to Ripple’s technological infrastructure and institutional adoption, Ripple could test the $3.00–$4.00 USD range by the end of 2025. While XRP faces short-term pressure, it holds long-term potential. Closely monitoring the market is crucial. 

***NOT INVESTMENT ADVICE ***

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Technical Analysis: Key Levels for Pnut

On the hourly timeframe, indicators show a positive outlook. The narrowing of the Bollinger Bands (BB) suggests that a volatile move may be imminent. Additionally, the price has reached support, and indicators are currently emitting bullish signals. However, from a broader perspective, there are some risk factors to consider.

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A significant liquidity pool has accumulated at the $0.58 level in the lower region. This increases the likelihood of the price being drawn toward this level. If liquidity is targeted, a short-term pullback may occur. Moreover, the potential for the price to fill gaps in the lower regions is another critical factor that investors should watch closely. For this reason, entering a position at the current levels carries notable risk.

Target Levels and Position Management

In the target region, it’s important to consider the upward potential of the price. Position management, including profit-taking strategies, should account for the market’s dynamic nature. Additionally, the possibility of prices reaching higher levels shouldn’t be overlooked.

In summary, while the current support level offers a short-term positive outlook, it also carries risks. The $0.58 level holds critical importance, and waiting for a pullback to this level may provide a more secure strategy. Tracking price movements in the target region is essential for effectively managing positions.

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His remarks fall amid a period of notable volatility for the cryptocurrency industry.

The price of bitcoin has seen significant swings during the last few weeks. Before abruptly declining more than 4%, it quoted roughly $70,000 and caused great market liquidation and trading panic. This decline came after a period of price consolidation during which Bitcoin seemed set for a fresh high.

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Bollinger addressed the market’s conviction that long stretches of consolidation might produce notable price increases. Drawing on an old market idea, “the bigger the base, the higher in space.” he implied that a strong base phase could result in notable upside. Given the trend of the crypto market toward swings between fear and greed, this concept is very pertinent.

“I wish I could remember the maxim: The bigger the basis, the higher… anyone?”

His most recent remarks fit his earlier forecasts. One month ago, when Bitcoin was trading close to $70,000, Bollinger made hints of a likely price retreat. That forecast proved accurate when the price dropped to $67,000, where it is presently trading. The main concern currently is whether BTC will maintain this degree or experience more adjustments.Coin Market Cap converts BTC to USD.

The post Bollinger: Bitcoin’s Consolidation and Future Moves appeared first on Coin Engineer.

Currently, WLD is experiencing an upward trend with its sights set on breaking above the $6.2 resistance level. A successful breakout could signal a new bullish phase for the altcoin.

If the price falls below the crucial $4.3 support level, a head and shoulders pattern could emerge, potentially leading to a further price decline and a retest of the rising trend line support.

According to IntoTheBlock’s data, 2.98 million WLD are nearing a profit zone (bought between $4.87 and $4.88). With the current price hovering around $4.84, these investors may soon be incentivized to sell.

On-Chain Analysis

İnvestors are moving their WLD off exchanges, potentially indicating a bullish sentiment. The price is currently between the lower and middle bands, suggesting low volatility and a potential recovery from oversold conditions. A neutral reading of -0.01 indicates investor indecision.

The post Worldcoin (WLD) Consolidates Between $4.3 and $6.2, Aiming for a Breakout appeared first on Coin Engineer.