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6 May 2026, 21:46

Ethereum Price Prediction: ETH Eyes $3K Move While Resistance Holds

Ethereum is stuck below the same $2,400 resistance that has blocked its recent recovery, while charts from TedPillows and Sky show a tighter setup forming near that level. A clean breakout could open the way toward $3,000 and higher, but another rejection may send ETH back toward lower support zones. Ethereum Price Stalls Below $2,400 as Downside Risk Builds Ethereum traded near $2,369 on the 2 day ETH/USDT chart shared by TedPillows. The chart shows ETH failing again near the $2,400 resistance zone, even as Bitcoin has shown stronger price action. TedPillows said Ethereum remains weak until it breaks above $2,400. The chart supports that view because ETH has tested the same red resistance area several times without a confirmed breakout. Ethereum $2,400 Resistance Chart. Source: TedPillows on X The nearest resistance sits around $2,400 to $2,470. A stronger breakout would need ETH to clear this zone and hold above it. After that, the next marked level appears near $2,624, followed by the larger resistance band around $2,800. However, the chart also shows downside risk if Ethereum fails again. The nearest support sits around $2,140 to $2,180, marked by the green zone. If ETH drops below that area, the next major support appears near $1,780, with a lower level marked around $1,693. The white arrows on the chart show several possible paths. One path shows ETH breaking above $2,400 and moving toward $2,624, then possibly $2,800. Another path shows ETH rejecting from the current zone and retesting support near $2,140. For now, Ethereum has not confirmed strength. The price remains trapped between support near $2,140 and resistance near $2,400. A clean break above $2,400 would improve the short-term structure. However, another rejection could increase pressure toward the lower support zone. Ethereum Triangle Pattern Puts $2,400 Breakout in Focus Ethereum traded near $2,378 on the weekly ETH/USD chart shared by Sky. The chart shows ETH pressing against a horizontal resistance line near $2,400, while a rising trendline supports the price from below. Sky said a “legendary pattern” is forming for Ethereum. The chart shows a triangle setup, where price keeps moving into a tighter space between rising support and flat resistance. Ethereum Triangle Breakout Chart. Source: Sky on X The key level remains $2,400. ETH has tested this area but has not confirmed a weekly breakout yet. A clean move above that line would shift the chart structure and could open the way toward higher targets. The chart marks the next major zone between $3,328 and $3,965, based on the Fibonacci levels shown. A separate level near $2,943 also appears on the chart, close to the $3,000 area mentioned in the post. Sky said ETH could move above $3,000 within weeks if it breaks through the triangle. However, the chart still needs confirmation first. Until then, the pattern remains a setup, not a completed breakout. The moving averages also show resistance above price. The red moving average sits near $3,080, while the current price stays below it. That means ETH may face pressure even after a short-term breakout. For now, Ethereum remains trapped below $2,400. A weekly close above that level could support a move toward $2,943 and then the $3,328 to $3,965 zone. However, another rejection could send ETH back toward the rising trendline support.

6 May 2026, 21:43

Bitcoin Price Prediction: BTC Eyes $90K While Altcoins Continue to Struggle

Bitcoin traded near $81,359 on the 4 hour BTC/USD chart shared by Man of Bitcoin. The chart shows BTC moving inside a rising channel, while the short-term wave structure remains unclear. Man of Bitcoin said the key levels are well defined, even though the micro structure has not confirmed a clear path. The main support level sits at $74,917. As long as Bitcoin holds above that level, continuation without a deep pullback remains possible. Bitcoin Channel Breakout Chart. Source: Man of Bitcoin on X The chart also marks a highlighted support zone between $76,103 and $77,709, based on Fibonacci retracement levels. These levels include the 0.5 level near $77,709, the 0.618 level near $77,042, and the 0.786 level near $76,103. However, Man of Bitcoin still expects a possible retrace into that support zone before stronger continuation. A pullback into this area would keep BTC above the wider invalidation level, as long as price does not lose $74,917. The upside level also remains clear. A decisive breakout above the rising channel would suggest that wave 2 has already bottomed. In that case, BTC could continue toward higher targets marked near $87,000 and $90,000. For now, Bitcoin remains above key support but below the upper breakout zone. A clean channel breakout would strengthen the bullish structure. However, a drop below $74,917 would weaken the setup and raise the risk of a deeper correction. Bitcoin Dominance Rises as Altcoin Pairs Stay Under Pressure Bitcoin dominance traded near 61.21% on the 3 day BTC.D chart shared by Daan Crypto Trades. The chart shows BTC dominance rising from the yearly open near 59.55%, while Bitcoin has bounced and many altcoin pairs have weakened against BTC. Daan Crypto Trades said BTC.D has been rising over the past few weeks because Bitcoin has held stronger than altcoins. That means Bitcoin is taking a larger share of the total crypto market while ALT/BTC pairs continue to lose ground. Bitcoin Dominance Chart. Source: Daan Crypto Trades on X The chart shows the next marked resistance near 62.24%. Bitcoin dominance previously reacted around that zone, so a move into this area could decide whether BTC keeps gaining market share or pauses. Ethereum is also part of the pressure on altcoins. Daan noted that ETH/BTC is sitting near its February lows, which weighs on the broader Bitcoin dominance chart because Ethereum remains one of the largest non-Bitcoin assets. For now, BTC dominance remains above the yearly open and continues to move higher. A break above 62.24% could extend Bitcoin’s market share lead, while rejection from that level could give altcoin pairs room to recover.

6 May 2026, 21:40

GBP/JPY Price Forecast: Pair Breaks Below 213.00, Sets Sights on 212.00 Support

BitcoinWorld GBP/JPY Price Forecast: Pair Breaks Below 213.00, Sets Sights on 212.00 Support The British pound weakened sharply against the Japanese yen during Wednesday’s trading session, with the GBP/JPY cross breaking below the key 213.00 psychological level and now setting its sights on the next support zone near 212.00. The move reflects growing risk aversion in global markets and renewed strength in the yen as a safe-haven currency. Technical Breakdown: Key Levels in Focus The break below 213.00 marks a significant technical development for the pair, which had been trading in a relatively tight range above that level for the past several sessions. The 213.00 zone had previously acted as support, and its failure now opens the door for a test of the 212.00 handle, which represents the next major support level based on recent price action. Traders are closely watching the 212.00 level, as a break below that could accelerate selling pressure toward the 211.00 region. On the upside, the 213.00 level now becomes immediate resistance, with further resistance at 213.50 and 214.00. The Relative Strength Index (RSI) on the daily chart has dipped below 50, indicating that bearish momentum is building. Market Drivers Behind the Move The yen’s strength is being driven by a combination of factors, including safe-haven flows amid renewed geopolitical uncertainties and expectations that the Bank of Japan may continue to normalize its monetary policy. Meanwhile, the pound is under pressure from disappointing UK economic data and growing expectations that the Bank of England may need to cut interest rates sooner than previously anticipated. Recent UK inflation figures came in softer than expected, fueling speculation that the BoE could ease policy as early as the next meeting. This divergence in monetary policy expectations between the BoJ and the BoE is a key factor weighing on GBP/JPY. What This Means for Traders For short-term traders, the breakdown below 213.00 signals a shift in momentum and suggests that selling rallies may be the preferred strategy until the pair can reclaim that level. The 212.00 zone will be critical to watch for potential buying interest or a further acceleration lower. A daily close below 212.00 would be a bearish signal, potentially targeting the 210.00 area in the coming weeks. Longer-term investors should note that the broader trend for GBP/JPY remains mixed, with the pair having traded in a wide range over the past year. However, the current technical breakdown, combined with the fundamental backdrop, suggests that downside risks are increasing. Conclusion The GBP/JPY pair’s break below 213.00 is a notable technical event that shifts the near-term bias to bearish. With the yen benefiting from safe-haven demand and the pound struggling under weak economic data and dovish BoE expectations, the path of least resistance appears lower. Traders should monitor the 212.00 level closely for the next directional cue, while also keeping an eye on any comments from BoJ or BoE officials that could alter the current trajectory. FAQs Q1: What is the next key support level for GBP/JPY after breaking below 213.00? The next major support level is at 212.00, followed by 211.00 if selling pressure continues. Q2: Why is the Japanese yen strengthening against the British pound? The yen is benefiting from safe-haven demand amid geopolitical uncertainties and expectations that the Bank of Japan may continue tightening monetary policy, while the pound is under pressure from weak UK economic data and dovish Bank of England expectations. Q3: What should traders watch for in the coming sessions? Traders should monitor the 212.00 support level for a potential bounce or breakdown, as well as any comments from Bank of Japan or Bank of England officials regarding monetary policy. A daily close below 212.00 would be a strong bearish signal. This post GBP/JPY Price Forecast: Pair Breaks Below 213.00, Sets Sights on 212.00 Support first appeared on BitcoinWorld .

6 May 2026, 21:35

Coinbase Q1 2026 Earnings Preview

More on Coinbase Coinbase: Bitcoin's Rising Tide Masks A Retail Moat In Structural Decline Coinbase: The 16x EV/Adjusted Ebitda Valuation Remains Attractive Coinbase: Don't Enter Just Yet Coinbase Q1 pre-earnings setup: QoQ pressure, AI push, layoffs, soft price Coinbase Global cuts headcount by ~14%; stock climbs 4%

6 May 2026, 21:31

Euro Climbs to Two-Week High as US-Iran Peace Hopes Fuel Risk-On Mood

BitcoinWorld Euro Climbs to Two-Week High as US-Iran Peace Hopes Fuel Risk-On Mood The euro surged to a two-week high against the U.S. dollar on Tuesday, as renewed diplomatic efforts between the United States and Iran sparked a broad shift toward riskier assets. The common currency rose above the $1.09 mark for the first time since late March, driven by growing optimism that a potential de-escalation in Middle East tensions could ease pressure on global energy markets and trade flows. Market Reaction to Geopolitical Shift Currency traders reacted swiftly to reports that Washington and Tehran had resumed indirect talks mediated by European and Gulf officials. The euro, which had been under pressure for much of March due to safe-haven dollar demand, rebounded sharply as investors rotated out of defensive positions. The single currency gained roughly 0.6% against the greenback during European trading hours, with the EUR/USD pair touching 1.0915 before settling near 1.0890. Analysts noted that the move was amplified by thin liquidity conditions following the Easter holiday period. However, the underlying catalyst remained clear: any reduction in geopolitical risk tends to weaken the dollar’s safe-haven appeal and boost currencies tied to global trade, such as the euro. Broader Risk Appetite Returns The rally in the euro was accompanied by gains in other risk-sensitive currencies, including the Australian and New Zealand dollars. European equity markets also rose, with the Stoxx 600 index adding 0.8%, while U.S. futures pointed to a positive open on Wall Street. Bond yields edged higher as demand for safe-haven government debt eased. Oil prices, which had spiked earlier this month on fears of supply disruptions from the Strait of Hormuz, retreated modestly. Brent crude fell below $87 per barrel, reflecting market expectations that a diplomatic breakthrough could reduce the risk of a broader regional conflict. What This Means for Forex Traders For currency markets, the key question is whether the euro’s gains are sustainable. The EUR/USD pair has been range-bound between $1.07 and $1.10 for most of 2025, with the dollar supported by relatively strong U.S. economic data and the Federal Reserve’s cautious stance on rate cuts. A sustained rally above $1.10 would require not only continued progress on the Iran front but also a shift in the interest rate outlook. Market participants are now watching for any official statements from Washington or Tehran that could confirm the talks are moving toward a tangible agreement. The next few days are critical, as any setback in negotiations could quickly reverse the risk-on flows. Conclusion The euro’s climb to a two-week high reflects a market eager for positive geopolitical news. While the US-Iran peace hopes have provided a clear short-term boost to risk appetite, the durability of this move depends on concrete diplomatic outcomes. For now, traders are cautiously optimistic, but the underlying volatility in the Middle East means the situation remains fluid. FAQs Q1: Why did the euro rise against the dollar? The euro rose because renewed US-Iran peace talks reduced demand for the dollar as a safe-haven currency, encouraging investors to move into riskier assets like the euro. Q2: What is the significance of the two-week high? A two-week high indicates the euro has regained ground lost during a period of heightened geopolitical tension, signaling a shift in market sentiment toward optimism. Q3: Could the euro continue to rise? Further gains depend on sustained progress in US-Iran negotiations and other factors such as central bank policy. If talks stall, the euro could give back its recent gains quickly. This post Euro Climbs to Two-Week High as US-Iran Peace Hopes Fuel Risk-On Mood first appeared on BitcoinWorld .

6 May 2026, 21:30

XRP Price Is Replicating The 2017 Trend And The Implications Are Parabolic

Analysts are predicting an explosive surge in XRP’s price this year, comparing the current cycle to the 2017 bull market. According to a recent forecast, XRP’s chart structure is replicating the bullish patterns that preceded its historic 2017 rally. Experts believe that if this historical trend plays out perfectly, the XRP price, which has been trending downward for months now, could go parabolic. XRP Price Mirrors Bull Setup From 2017 Rally @Cryptocupra, a market analyst on X, is sounding the alarm about a major bullish move he believes could soon take place in XRP’s price. In a video analysis shared on May 4, the expert forecast that XRP could soon go parabolic, citing historical chart patterns from the 2017 cycle. Related Reading: Here’s How High The XRP Price Will Be If It Repeats The 2017 Surge The analyst drew comparisons between XRP’s price action in 2026 and its movements in 2017. According to @Cryptocupra, XRP is currently displaying the exact structure and setup that had led to its parabolic rally in 2017. At the time, the cryptocurrency was trading around $0.006. However, it broke out of lower levels and rallied, extending its bullish run until it hit an all-time high above $3.84 in 2018. @Cryptocupra’s video chart further shows that in 2017, XRP broke out of a descending triangle pattern before launching into a rally. The chart shows that XRP had been trending downward for months inside this narrow triangle before breaking out to the upside. @Cryptocupra reveals that this same triangle pattern has appeared in the 2026 cycle, reinforcing his bullish outlook for XRP this year. The chart shows that after the cryptocurrency surged above $3.5 in 2025, it began to trend downward and eventually formed a descending triangle. Since then, XRP has been trading in the red, steadily declining even as other cryptocurrencies surged. Notably, if XRP can break out as it did in 2017, @Cryptocupra believes its price could surge, turning many holders into millionaires. He predicted that all that’s left is a final shakeout before a trend reversal to the upside begins, triggering the projected price explosion. Analyst Says XRP At $10-$20 Still On The Table In a separate analysis, market expert Crypto Patel forecasted that XRP’s potential rally toward the $10 to $20 range was “absolutely” still on the table. Despite the cryptocurrency currently trading around $1.4 after months of decline and muted price action, the analyst maintains a solid bullish outlook, citing past price performance and achievements. Related Reading: Analyst Shares ‘Realistic Stance’ For XRP, But Is It The End Of The Road? He noted that despite market participants calling XRP a dead coin in 2023, the cryptocurrency jumped from $0.006 in 2017 to over $3 in 2018. He said that XRP also skyrocketed from $0.50 in November 2024 to over $2.60 in just 30 days. As a result, Crypto Patel believes that a surge to $10 is closer than ever, highlighting a critical accumulation zone between $0.70 and $1.10 for XRP. He believes that this parabolic rally will likely be fueled by the cryptocurrency’s underlying network, which he says is 1,000x faster than Bitcoin, 99% cheaper than Ethereum, and already being used by global banks. Featured image from iStock, chart from Tradingview.com