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Reading time: 5 minutes |
News | Crypto Converter | Crypto Calculators |
Ethereum's market strength vs. bearish breakdown |
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Key points: |
ETH fell 20% in a week, breaking a bullish trendline that held since the 2022 Terra crash. Historical drawdowns show Ethereum's ability to recover, often rebounding after steep corrections. Rising trading volume and ETF inflows could drive ETH back toward $3,000-$4,164, but failure to hold $2,100 may lead to a drop toward $1,500.
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News - Ethereum has seen a sharp 20% drop over the past week, marking its largest weekly percentage decline since November 2022. This sell-off shattered a three-year-long bullish trendline, raising concerns about further downside. |
Despite this, ETH has historically demonstrated resilience in the face of market downturns. Past drawdowns—70% in 2018 and 80% in 2022—were followed by significant recoveries, driven by whale accumulation, network activity, and major protocol upgrades. |
Key indicators to watch - Ethereum's trading volume surged from 50K to 450K in recent weeks, signaling strong market participation. Meanwhile, its percentage drawdown from ATH stabilized at -53.11%, with ETH currently trading near $2,300. |
However, ETH's 20% plunge broke critical support levels, shifting trader sentiment. A break below $2,100 could send ETH toward $1,500, while a recovery past $2,523 may signal a trend reversal. |
Ethereum's next move: Rebound or more downside? |
Bullish Case: Institutional ETF inflows and L2 adoption could support a move toward $3,000-$4,164. |
Bearish Case: Breaking the $2,100 level could lead to further declines, testing $1,500 support. |
With macro factors, whale activity, and regulatory shifts influencing ETH's path, the coming weeks will be critical in determining whether Ethereum rebounds or faces deeper losses. |
Bitcoin Reserve plans face roadblocks as market responds to economic uncertainty |
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Key points: |
Bitcoin fell 4% to $80,123 following Trump's Bitcoin Reserve order and new trade tariffs. The U.S. won't be buying Bitcoin, only seizing it through forfeiture cases, dampening market optimism. Utah removes Bitcoin reserve provision from its blockchain bill, while other states push forward with BTC-backed reserve proposals.
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News - Bitcoin's market rally took a hit as investors reassessed Trump's Executive Order establishing a Strategic Bitcoin Reserve. Initially viewed as bullish, the fine print reveals that the reserve will only consist of BTC seized in criminal and civil forfeiture cases, with no government purchases planned. |
This dampened expectations of institutional-level demand, contributing to Bitcoin's 4% decline, with Ethereum, Solana, and XRP also posting losses. Further exacerbating market stress, Trump's administration introduced new tariffs, 25% on Canada and Mexico and 20% on Chinese imports, raising concerns about inflation and financial market volatility. |
State-level Bitcoin reserve proposals: Some move forward, others stall - While the federal government's approach to Bitcoin remains mixed, individual U.S. states are advancing their own BTC reserve plans. |
Texas passed a Bitcoin Reserve bill, emphasizing BTC's role as a hedge against inflation. |
Arizona is considering investing 10% of public funds in Bitcoin. |
Oklahoma advanced its Strategic Bitcoin Reserve Act with a strong House committee vote. |
However, some states remain hesitant. Utah removed a Bitcoin reserve provision from its blockchain bill before passing it, while South Dakota voted to kill its reserve proposal, citing volatility concerns. |
What's next? - With 18 state-level proposals still pending, the U.S. is at a crossroads on Bitcoin's role in public finance. Will more states follow Texas and Arizona's lead, or will regulatory concerns slow adoption? Meanwhile, Trump's trade policies and DOJ Bitcoin liquidations continue to inject uncertainty into the market. |
Bitcoin's next move will depend on how investors interpret government actions—whether as signs of adoption or as risks to long-term stability. |
Solana's price struggles despite liquidity surge and Trump-endorsed crypto boom |
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Key points: |
SOL has dropped 29% YTD, even as $10B in liquidity entered the market. USDC inflows diverted to memecoins, failing to boost SOL's price. $485M in Solana outflows in February highlight a shift to Ethereum, Arbitrum, and BNB Chain.
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News - Despite being one of three altcoins included in President Trump's Digital Asset Stockpile, Solana has continued to slide in 2025, falling 29% year-to-date. This comes despite $10 billion in new liquidity entering the ecosystem and growing mainstream recognition. |
The downturn has been amplified by a 49% drop in SOL's value since January 18, when the TRUMP token launched, fueling a market frenzy. Instead of benefiting from renewed attention, Solana has seen liquidity drain into memecoins, leaving its price action sluggish. |
Why investors are moving away from Solana - Solana's struggles are further reflected in February's $485 million capital outflows, with Ethereum, Arbitrum, and BNB Chain attracting the lost funds. |
According to a Binance Research report, Bitcoin dominance also climbed to 59.6%, signaling that investors are seeking safer assets amid market uncertainty. |
Adding to the sentiment shift, disappointing Solana-based memecoin launches—including the Libra token rug pull that wiped out $4 billion in investor capital—have curbed speculative appetite for SOL. |
Can Solana reverse course? - With liquidity migrating to other networks, Solana faces a trust deficit among investors. Rebuilding confidence may require a resurgence in ecosystem development and institutional interest, but for now, SOL's ability to reclaim momentum remains uncertain. |
Canadian watchdogs warn of crypto scam exploiting trade war fears |
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Key points: |
Scammers used AI-generated news articles featuring Justin Trudeau and Susan Holt to promote fraudulent crypto investments. The scammers framed their scheme as a response to Trump's tariffs on Canada to lure victims. Global losses from scams and hacks hit $1.53 billion in February, driven by a massive $1.4B Bybit hack.
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News: Canadian regulators have issued a warning about a crypto investment scam called CanCap, which falsely claimed endorsements from then-Prime Minister Justin Trudeau and New Brunswick Premier Susan Holt. |
According to the Alberta Securities Commission, scammers faked a CBC news article, making it appear as though Trudeau was urging Canadians to invest in digital assets in response to Trump's tariffs on Canadian goods. |
A similar scheme surfaced in New Brunswick, where a doctored Telegraph-Journal article falsely portrayed Holt endorsing CanCap as part of a "provincial investment program." |
Scammers reportedly used AI-generated transcripts and manipulated images to make the fraudulent promotions seem legitimate. |
How scammers exploit market uncertainty - With Trump's 25% tariffs on Canada creating economic anxiety, scammers are capitalizing on public fears by pushing fraudulent crypto investment opportunities. |
The Financial and Consumer Services Commission of New Brunswick noted that economic instability often drives individuals toward alternative investments, making them prime targets for deception. |
Regulators also warned that crypto scammers are evolving, frequently changing platform names and launching new fraudulent websites under different domains. CanCap has already rebranded as "CanCentra" and "Immediate Flectinium." |
The growing cost of crypto scams - The warning comes amid a surge in crypto-related fraud, with February losses totaling $1.53 billion—driven largely by a $1.4 billion Bybit hack. Even without Bybit, crypto scams accounted for over $126 million, a 28.5% jump from January. |
With AI-powered fraud increasing, regulators stress the importance of due diligence before engaging with any crypto investment opportunities. |
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More stories from the crypto ecosystem |
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Did you know? |
The first Digital Asset Summit at the White House in March 2025 brought together policymakers and industry leaders to discuss crypto regulation and innovation. The event underscored the growing role of digital assets in U.S. policy and finance. By late 2024, one in eight Britons owned cryptocurrency, signaling its growing mainstream adoption. The rise reflects increasing public trust, broader institutional interest, and shifting attitudes toward digital assets in the UK. CME Group will launch Solana futures on March 17, 2025, marking a significant step in expanding institutional crypto offerings. The move highlights a growing demand for diversified digital asset investments beyond Bitcoin and Ethereum.
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Top 3 coins of the day |
Dogecoin (DOGE) |
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Key points: |
At press time, DOGE was trading at $0.17285, up 2.89% in the last 24 hours. The price remains in a downtrend, trading below key moving averages.
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What you should know: |
DOGE continues to trade under bearish pressure, staying below the 50-day and 200-day MAs, signaling sustained weakness. The sentiment indicator remains negative, reflecting a cautious investor outlook. However, a minor uptick in price suggests possible relief. Immediate resistance lies at $0.22, aligning with the 50-day MA, while support is seen near $0.16. A break above resistance could lead to recovery toward $0.25, but failure to hold current levels might extend losses. Traders should monitor sentiment shifts and volume trends for a clearer direction. |
Ethena (ENA) |
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Key points: |
At press time, ENA was trading at $0.4571, up 8.52% in the last 24 hours. The price remains in a downtrend but shows signs of accumulation.
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What you should know: |
ENA continues to trade below the 50-day and 200-day MAs, indicating bearish dominance. However, the Accumulation/Distribution (A/D) Line suggests renewed buying interest. Immediate resistance lies at $0.50, aligning with a recent price ceiling, while support is seen near $0.42. A breakout above $0.50 could trigger a push toward $0.60, while failure to sustain momentum may lead to further consolidation. Traders should monitor volume spikes and price action near resistance to confirm trend strength. |
Kaspa (KAS) |
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Key points: |
At press time, KAS was trading at $0.06264, up 3.23% in the last 24 hours. The price remains in a broader downtrend but shows early signs of stability.
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What you should know: |
KAS continues to trade below the 50-day and 200-day MAs, signaling sustained bearish momentum. However, the Bulls and Bears indicator suggests a possible shift, with bulls attempting to regain control. Immediate resistance is at $0.075, aligning with the 50-day MA, while support is seen near $0.060. A breakout above $0.075 could lead to further recovery, while failure to hold support may trigger another decline. Traders should monitor volume and bullish confirmation to assess the strength of a potential trend reversal. |
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