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18 May 2026, 06:58
Ethereum Price Tumbles Hard, Bears Tighten Grip On Market Momentum
Ethereum price started a fresh decline and traded below $2,050. ETH is now consolidating below $2,150 and might struggle to recover. Ethereum started a downside extension below the $2,150 zone. The price is trading below $2,150 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with support at $2,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,150 zone. Ethereum Price Extends Losses Ethereum price failed to remain stable above $2,220 and started a downside correction, like Bitcoin . ETH price dipped below the $2,200 and $2,150 levels. The price even traded below $2,050. A low was formed at $1,914 on Kraken, and the price is now consolidating losses. There was a recovery wave above the 50% Fib retracement level of the downward move from the $2,197 swing high to the $1,914 low. Ethereum price is now trading below $2,150 and the 100-hourly Simple Moving Average . Besides, there is a connecting trend line forming with support at $2,050 on the hourly chart of ETH/USD. If the bulls remain in action above $2,050, the price could attempt another increase. Immediate resistance is seen near the $2,130 level. The first key resistance is near the $2,150 level or the 76.4% Fib retracement level of the downward move from the $2,197 swing high to the $1,914 low. The next major resistance is near the $2,200 level. A clear move above the $2,200 resistance might send the price toward the $2,250 resistance. An upside break above the $2,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,300 resistance zone or even $2,320 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,150 resistance, it could start a fresh decline. Initial support on the downside is near the $2,085 level. The first major support sits near the $2,050 zone. A clear move below the $2,050 support might push the price toward the $2,000 support. Any more losses might send the price toward the $1,920 region. The main support could be $1,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,050 Major Resistance Level – $2,150
18 May 2026, 06:55
Bitcoin Depot, North America's largest bitcoin ATM operator, files for bankruptcy
Bitcoin Depot, the largest bitcoin ATM operator in North America and publicly listed on Nasdaq, has filed for Chapter 11 bankruptcy.
18 May 2026, 06:53
Reports suggest Iran is mulling Hormuz ‘insurance’ scheme, paid in Bitcoin
Screenshots of a website called “Hormuz Safe” have been circulating on social media, which offers “digital insurance” for ships passing through the Strait of Hormuz.
18 May 2026, 06:49
BTC exchange supply falls to 6-year low as sell pressure fades
🚨 The liquid supply of $BTC on exchanges just hit a 6-year low. Long-term holders continue to sit tight despite recent ETF approvals. Continue Reading: BTC exchange supply falls to 6-year low as sell pressure fades The post BTC exchange supply falls to 6-year low as sell pressure fades appeared first on COINTURK NEWS .
18 May 2026, 06:47
Iran may be turning the Strait of Hormuz into a bitcoin-based insurance market, local reports say
State-linked Fars News reported that Iran’s economy ministry has been working on a plan to manage shipping through the Strait with payments in bitcoin.
18 May 2026, 06:46
Pi Network’s PI Plunges to New 3-Month Low Despite Hype Around ‘Game-Changing’ Update
Pi Network’s native token is on the move again, but in the opposite direction of what the project’s multi-million fan base expects and hopes. The latest leg down comes amid community expectations regarding the new protocol updates and some team announcements. PI Dumps Yet Again It’s safe to say that the popular altcoin has seen better days, which weren’t all that long ago. Recall that it exploded to $0.30 two months ago during the mounting hype about the upcoming listing on the veteran US exchange, Kraken. The actual development, though, became a classic sell-the-news moment as PI plummeted shortly after it went live for trading, going down to its starting position at $0.18. The subsequent breakout attempts were not as impressive, and PI was halted at $0.20 during each of them. The last one was at the end of April, when the bears took complete control and have been dominating ever since. PI managed to find some support at $0.17 and spent a few weeks trading sideways between that lower boundary and $0.18. However, the rejection during the weekend brought the token down to $0.155, which was a three-month low. Another such local setback arrived in the past 12 hours as the entire market crashed . However, PI’s nosedive was more painful than almost all other altcoins, dumping by another 6% to under $0.15. Its market capitalization has plunged below $1.6 billion, pushing the asset well outside the top 50 alts by that metric. Pi Network (PI) Price on CoinGecko Update Still Awaited Aside from issuing an urgent warning about the safety of its user base and an important KYC announcement , the team behind the project recently outlined the deadline by which the protocol upgrade v23 had to be successfully migrated. Following the completion of previous updates, such as v19.6, v19.9, v20.2, and v22, the team set May 15 as the date for the latest one. Although that date passed on Friday, there hasn’t been an official statement from the Core Team about its successful completion. There are some contradicting comments on X, with some users claiming that the update has been deployed, while others believe it might take a few more days. Nevertheless, they all seem convinced that v23 will be a game-changer for the broader Pi Network ecosystem, as it’s expected to pave the way for native smart contracts, dApps, and a Pi Dex. The post Pi Network’s PI Plunges to New 3-Month Low Despite Hype Around ‘Game-Changing’ Update appeared first on CryptoPotato .
