Ethereum Price Rejected Near $2,400 Again, Sellers Defend Key Barrier

XRP price started a downside correction from the $1.5050 zone. The price is now consolidating and might aim for another increase if it stays above the $1.4450 zone. XRP price started a downside correction after it failed to stay above the $1.50 zone. The price is now trading above $1.4450 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $1.4450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it settles above $1.480. XRP Price Holds Key Support XRP price started a decent upward move above $1.4350 and $1.4550, outperforming Bitcoin and Ethereum. The price gained pace for a clear move above the $1.480 resistance. A high was formed at $1.5074, and the price started a downside correction. There was a move below $1.4750 and $1.4650. The price dipped below the 38.2% Fib retracement level of the upward move from the $1.3785 swing low to the $1.5074 high. The price is now trading above $1.

Bitcoin price started a downside correction from the $82,000 zone. BTC is consolidating and might aim for a fresh increase if it clears $82,000. Bitcoin failed to stay above $81,500 and extended losses. The price is trading above $80,500 and the 100 hourly simple moving average. There is a key contracting triangle forming with support at $80,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $81,800 and $82,000 levels. Bitcoin Price Dips Again Bitcoin price failed to clear the $82,000 resistance zone. BTC started a downside correction below the $81,500 and $81,200 levels to enter a short-term bearish zone. There was a move below the 50% Fib retracement level of the upward move from the $80,421 swing low to the $82,100 high. However, the bulls were active above $80,500. There is also a key contracting triangle forming with support at $80,800 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $80,500

The altcoin market is gaining strength as a growing number of assets beyond the major names have begun pushing higher, drawing attention back to the broader ecosystem after months of Bitcoin-dominated price action. GugaOnchain has identified a specific signal in the volume data that suggests the shift may be more structural than it first appears. Related Reading: Ethereum Is Going Up While Shorts Are Piling In: Find Out What Usually Follows A closer examination of the CEX Volume Ratio — which tracks trading volume across all altcoins excluding the top five assets: Bitcoin, Ethereum, Solana, XRP, and Binance Coin — reveals what the analyst describes as an Altcoin Volume Increasing Trend. The signal is generated when the 30-day moving average of altcoin trading volume crosses above its 365-day moving average — a condition that filters out short-term noise and identifies sustained, trend-level increases in altcoin participation rather than isolated spikes driven by a single asset or event

Tom Lee has slowed Bitmine ETH purchases after the firm amassed over 5.2 million tokens and 4.3% of Ethereum’s supply. Bitmine Immersion Technologies (BMNR) bought 26,659 ETH last week worth roughly $63 million, sharply down from the more than 100,000…

The post If metrics favor Solana, why does institutional capital choose Ethereum? appeared on BitcoinEthereumNews.com. What compels an institutional heavyweight to launch a product on a particular blockchain? At a fundamental level, institutions tend to evaluate core infrastructure metrics such as transaction speed, execution costs, and settlement finality when choosing a Layer-1 network. The logic is simple: Faster confirmation times and lower fees allow a blockchain to handle higher transaction throughput, which directly supports a smoother user experience. Viewed through this lens, Solana [SOL] stands out. As the chart below shows, Solana processed 696 million transactions over the past week. Every other chain combined processed about 593 million. One network alone generated more activity than the rest of crypto, accounting for 54% of total on-chain transactions. Source: Token Terminal As discussed earlier, high transaction volume is often a direct reflection of a chain’s underlying

The post Ethereum Treasury Firm Sharplink Releases Q1 Earnings, Holds Over $2B In ETH appeared on BitcoinEthereumNews.com. Sharplink, an Ethereum treasury company, announced its Q1 earnings results for FY26 on Monday, May 11. It revealed holding over $2 billion worth of ETH despite the massive unrealized losses. Overview of Sharplink’s Q1 Earnings Report For the quarter that ended March 31, 2026, SharpLink posted a net loss of $685.6 million. It represents a huge increase than the net loss of $1 million in the same period last year. The company attributed the drop to mainly the non-cash crypto-related charges related to its Ethereum treasury business. The ETH price decline in the first quarter led to a humongous loss of $506.7 million. In addition, a loss of $191.7 million was recorded for the LsETH holdings. However, the ETH treasury losses are unrealized as the company sticks to its HODL strategy. Part of these losses were offset by $12 million in realized gains from ETH-to-LsETH con

The post SOL Price Prediction: $108 Target Within 14 Days as Bulls Push Through Key Resistance appeared on BitcoinEthereumNews.com. Timothy Morano May 11, 2026 07:40 Solana breaks above $95 resistance with technical momentum building toward $108 within two weeks. Current price action at $95.37 suggests 70% probability of hitting target, though failure to hold $… SOL’s Bullish Momentum Builds Solana has broken through a critical resistance level at $95.10, now trading at $95.37 and showing the kind of price action that typically precedes major moves. The breakthrough comes with healthy volume backing of $291 million in 24-hour Binance spot trading, suggesting institutional participation without the frothy speculation that marks market tops. Technical momentum is building as SOL trades above its key moving averages, with the 7-day at $91.55 and 20-day at $87.21 now serving as support levels. The RSI reading of 68.94 indicates room for further upside before reaching over

The post Anchorage Steps Back From Robinhood and Kraken-Backed USDG Stablecoin Consortium appeared on BitcoinEthereumNews.com. JUST News Anchorage Digital, the first federally chartered crypto bank in the United States, is dialing back its prominent role inside the Global Dollar (USDG) stablecoin consortium that counts Robinhood, Kraken, Galaxy Digital, OKX, Visa, Worldpay and Bullish among its members. Chief executive Nathan McCauley said the firm will adopt a posture of “increased neutrality” rather than actively promoting a single token. USDG, issued by Paxos Digital Singapore under Monetary Authority of Singapore supervision, carries a circulating supply of roughly $3 billion. Anchorage remains a consortium participant, but with as many as 20 banks and tech firms exploring white-label stablecoin issuance through its rails, the custodian is recalibrating incentives to avoid favoring any one issuer. Macro investor and former hedge fund manager Jordi Visser disclosed a fresh Ether pos