Invest ideasNews
29 Apr 2026, 03:18
Ethereum Price Pulls Back To $2,250, Traders Watch For Reaction
Ethereum price started a fresh decline and traded below $2,300. ETH is now consolidating above $2,250 and might struggle to recover. Ethereum started a downside correction below the $2,320 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,250 zone. Ethereum Price Extends Losses Ethereum price failed to remain stable above $2,330 and started a downside correction, like Bitcoin . ETH price dipped below the $2,320 and $2,300 levels. The price even spiked below $2,265. A low was formed at $2,256, and the price is now consolidating losses. There was a minor upward move above the 23.6% Fib retracement level of the downward move from the $2,404 swing high to the $2,256 low. Ethereum price is now trading below $2,300 and the 100-hourly Simple Moving Average . If the bulls remain in action above $2,250, the price could attempt another increase. Immediate resistance is seen near the $2,300 level. There is also a bearish trend line forming with resistance at $2,300 on the hourly chart of ETH/USD. The first key resistance is near the $2,330 level and the 50% Fib retracement level of the downward move from the $2,404 swing high to the $2,256 low. The next major resistance is near the $2,370 level. A clear move above the $2,370 resistance might send the price toward the $2,400 resistance. An upside break above the $2,400 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,300 resistance, it could start a fresh decline. Initial support on the downside is near the $2,250 level. The first major support sits near the $2,220 zone. A clear move below the $2,220 support might push the price toward the $2,180 support. Any more losses might send the price toward the $2,155 region. The main support could be $2,120. 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 – $2,250 Major Resistance Level – $2,330
29 Apr 2026, 03:00
Bitcoin Coinbase Premium Breaks Green Streak: US Selling Pressure Back?
American Bitcoin sellers may be making a return as data shows the Coinbase Premium Gap has turned negative for the first time in 20 days. Bitcoin Coinbase Premium Gap Has Broken Its Positive Streak In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Coinbase Premium Gap for Bitcoin. This metric keeps track of the difference between the BTC spot price listed on Coinbase (USD pair) and that on Binance (USDT pair). The indicator basically tells us about how buying or selling behaviors differ between the userbases of Coinbase and Binance. The two platforms naturally see some overlap in traders, but their demographics tend to still be different enough overall to produce unique behaviors. Coinbase is the main destination of the US-based investors, especially the large institutional entities , while Binance hosts a global traffic. As such, the value of the Coinbase Premium Gap reflects whether the American whales are applying a higher or lower buying/selling pressure as compared to Binance’s global whales. Now, here is the chart shared by Maartunn that shows the trend in the Bitcoin Coinbase Premium Gap over the last several weeks: As displayed in the above graph, the Bitcoin Coinbase Premium Gap has been positive for most of April, implying that the cryptocurrency has traded at a higher rate on Coinbase than on Binance. This trend would suggest that American investors have generally applied a higher buying pressure than global traders during this month. From the chart, it’s visible, however, that the past day has seen a shift in the market. The metric, which had been on a 20-day green streak, has plummeted into the negative zone. This reversal in the indicator has come alongside a pullback in the BTC price below the $77,000 mark. Last month, the Coinbase Premium Gap had witnessed an extended stay inside the red region, and while it had this phase, the BTC price had struggled. The surge into positive values this month, on the other hand, led to the asset’s recovery . The indicator having some correlation with the spot price in this manner is a pattern that has often been witnessed since the start of 2024 due to US institutional entities becoming more involved in the sector. As these massive investors have seemingly taken to selling again, it’s possible that Bitcoin could see a negative effect. It only remains to be seen, though, how the Coinbase Premium Gap will develop in the near future and whether the switch to negative values is going to sustain. BTC Price At the time of writing, Bitcoin is floating around $76,500, down 1.7% in the last 24 hours.
29 Apr 2026, 02:44
Bitcoin Price Dips Under $76,500, Sellers Push For Deeper Pullback
Bitcoin price started a fresh decline below the $78,500 zone. BTC is consolidating and might struggle to stay above the $75,500 support. Bitcoin failed to stay above $77,500 and corrected gains. The price is trading below $77,000 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance at $76,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $76,000 and $75,500 levels. Bitcoin Price Dips Further Bitcoin price failed to stay above the $77,500 support zone . BTC remained in a bearish zone and extended losses below the $77,000 level. There was a move below the $76,500 level. The price even dipped below $76,000. A low was formed at $75,652 and the price is now consolidating losses. There was a minor increase toward the 23.6% Fib retracement level of the downward move from the $79,480 swing high to the $75,652 low. Bitcoin is now trading below $77,000 and the 100 hourly simple moving average . If the price remains stable above $75,500, it could attempt a fresh increase. Immediate resistance is near the $76,500 level. There is also a connecting bearish trend line forming with resistance at $76,500 on the hourly chart of the BTC/USD pair. The first key resistance is near the $77,150 level. A close above the $77,150 resistance might send the price further higher. In the stated case, the price could rise and test the $77,500 resistance and the 50% Fib retracement level of the downward move from the $79,480 swing high to the $75,652 low. Any more gains might send the price toward the $78,000 level. The next barrier for the bulls could be $78,500. Downside Continuation In BTC? If Bitcoin fails to rise above the $77,000 resistance zone, it could start another decline. Immediate support is near the $76,000 level. The first major support is near the $75,800 level. The next support is now near the $75,500 zone. Any more losses might send the price toward the $74,200 support in the near term. The main support now sits at $73,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $75,500, followed by $75,000. Major Resistance Levels – $76,500 and $77,150.
29 Apr 2026, 02:00
LayerZero-linked wallet deposits 1mln ZRO – But THIS is the real risk!
ZRO faces sell pressure as whale deposits clash with broader exchange outflows.
29 Apr 2026, 02:00
XRP Traders Scale Back Leverage As Ratio Drops On Binance – What This Means
After a broader market recovery, XRP’s price is showing strength as the altcoin moves toward key resistance levels. XRP’s price may be gradually trending upward, but a recent signal shows that investors are not fully confident about the renewed uptrend as high-risk positions drop on exchanges. Reduced Leverage Activity Hits XRP on Binance While the XRP price is gaining bullish traction, something crucial is happening on cryptocurrency exchanges, particularly Binance, the world’s largest trading platform. A shift in derivatives positioning is currently emerging for XRP on this leading trading platform. As reported by Xaif Crypto, a market expert and trader, on the X platform, the Estimated Leverage Ratio on Binance has shifted to the downside. The chart shared by the expert shows that the leveraged ratio is now sitting g at the 0.15 level, indicating a reduction in exposure to high-risk positions. What this implies is that traders are either closing contracts or scaling back leverage in the face of uncertainty across the broader crypto market. When the ratio drops to these kinds of levels, it often points to a cooling phase, in which the market resets after periods of increased activity, and speculative intensity diminishes. After examining the chart, Xaif Crypto stated that traders are barely leveraged right now. While this pattern may be considered bearish, the expert claims that this is the precise setup that leads to explosive moves in the near term . This is because when there is less leverage, less fuel is being burned, which creates an atmosphere for major price moves. Xaif Crypto added that the next ignition could catch everyone off guard, reflecting his conviction in an impending notable bullish move for the XRP’s price once new momentum emerges. In another X post , Xaif Crypto has highlighted a compelling divergence in the XRP market. While there are signs of increasing scarcity, the price continues to stay low. The XRP Scarcity Index on Binance is exhibiting a subtle, steady growth, indicating a tightening of the available supply, either as a result of rising long-term holding behavior or decreased exchange balances . Each time the index has bottomed out, the expert highlighted that prices have followed higher, making this a crucial moment for the altcoin. With scarcity rising and prices remaining low, this setup has created a key gap. However, this kind of gap does not stay open for long, especially once demand begins to rise again. Another Weekly Inflows For The Leading Altcoin Bullish sentiment in the market is gradually building as huge capital continues to flow into major cryptocurrency assets in the ever-dynamic sector. CoinShares data shows that digital asset investment products recorded a whopping $1.2 billion in weekly inflows. Even though this renewed wave of capital was majorly seen across Bitcoin and Ethereum , XRP still managed to attract some of these funds, snatching up $25 million in weekly inflows. With this capital, the altcoin’s weekly YTD is now valued at $148 million in addition to its $2.57 billion in Asset Under Management (AUM). “While others chase headlines, XRP just keeps stacking,” Xaif Crypto added.
29 Apr 2026, 01:00
Chainlink Exchange Outflows Hit 970,430 LINK, Largest Of 2026
On-chain data shows Chainlink traders have made their largest amount of exchange withdrawals since December, a potential sign of accumulation. Chainlink Exchange Netflow Has Seen A Sharp Negative Spike As highlighted by on-chain analytics firm Santiment in an X post, a significant amount of Chainlink supply has left exchanges recently. The indicator of interest here is the “Exchange Flow Balance,” which measures, as its name suggests, the net amount of LINK flowing into or out of wallets connected to centralized exchanges. Related Reading: Solana Nears Triangle Apex: Is A 10% Breakout Move Coming? When the value of this metric is positive, it means exchange inflows are outweighing the outflows and a net amount of the asset is entering these platforms. As one of the main reasons why traders deposit to exchanges is for selling-related purposes, this kind of trend can have a bearish impact on the LINK price. On the other hand, the indicator being under the zero mark suggests outflows dominate the market. Such a trend can be a sign that investors are accumulating, which can naturally be bullish for the cryptocurrency. Now, here is a chart that shows how the daily Exchange Flow Balance has changed for Chainlink over the last few weeks: As displayed in the above graph, the Chainlink Exchange Flow Balance has been at negative levels for nearly all of April, suggesting that investors have been on a constant withdrawal spree. Recently, traders made a particularly high amount of outflows, with the Exchange Flow Balance observing a daily peak of 970,430 tokens (worth nearly $9 million), which is the highest value for the metric since December 2nd. What initially followed this spike in exchange withdrawals was a surge in the LINK price to the $9.58 mark, but soon, the trend interestingly reversed as the cryptocurrency saw a retrace. From the chart, it’s visible that the Chainlink Exchange Flow Balance has remained negative amid this drawdown, indicating that the bearish price action hasn’t caused enough panic selling to tip the market balance toward inflows. That said, that’s only the story so far. The metric could be monitored in the coming days to watch whether the net outflows continue or if deposits will make a return. Related Reading: Bitcoin Fear & Greed Turns Neutral For First Time Since January LINK isn’t the only altcoin that has seen a wave of exchange withdrawals recently. As Santiment has pointed out in another X post, XRP also observed one of its largest daily outflow spikes of 2026 last week. This massive withdrawal spree saw 34.94 million XRP (about $48.6 million) exit exchange-connected wallets. LINK Price Following its pullback since the weekend, Chainlink is returned to the $9.23 level. Featured image from Dall-E, chart from TradingView.com
