Latest news with #TedPillows
Yahoo
3 days ago
- Business
- Yahoo
Eric Trump Takes Victory Lap Over Memed Ethereum Call As ETH Eyes $4K
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Eric Trump is having a field day dunking on his detractors. Trump has been ridiculed in cryptocurrency circles in the past few months for a February post advising followers to buy an Ethereum price dip that ended up being followed by an additional 40% decline. But his fortunes have changed with the recent market rally and he is relishing the opportunity to gloat. 'How am I doing now?' he asked prominent cryptocurrency influencer Ted Pillows on Tuesday on X. At the beginning of April, Pillows had been one of many to highlight that ETH was down 40% since Trump's post. 'Embrace volatility,' Trump told another. 'If you were smart you would have also bought the dips (as I said to do).' Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Trump also quoted his infamous February post with a minion mic drop GIF from 'Despicable Me.' Trump's victory lap comes as ETH has rebounded nearly 180% from its April lows of $1,400 to trade within touching distance of $3,900. Investors who bought ETH and held it when Trump said to buy should be up a respectable 39% in five months, as the asset was trading around $2800 at the time. The gains will likely be even more impressive for investors who employed a dollar cost-averaging strategy. But the recent market rally is hardly any proof of superior market insight or genius from Trump, despite his best efforts to frame it that way. If anything, it merely highlights the volatile nature of the cryptocurrency market. ETH's rally, in particular, follows a significant vibe shift in the Ethereum community with the rise of the tokenization narrative on Wall Street. Trending: New to crypto? on Coinbase. ETH proponents believe that the multi-trillion-dollar global markets would eventually be tokenized, and stablecoins would become a mainstay in payments. These are sectors dominated by Ethereum, which could mean demand for the asset is set to surge and price along with it. Beyond the tokenization narrative, the emergence of corporate ETH treasuries such as Sharplink Gaming (NASDAQ:SBET) and Bitmine Immersion Technologies (NYSE:BMNR) with more aggressive accumulation strategies and culturally relevant leaders in Ethereum co-founder Joseph Lubin and Fundstrat investment chief Tom Lee has helped stoke excitement. All Eyes On $4K Following ETH's recent rally, all eyes are on the $4,000 price point, which has proven to be a significant hurdle in the past. The last time the asset hit that price was in December; a 66% retreat followed. Before that was May 2024, the surge was followed by a 48% correction. And before May 2024, the asset surged to $4,000 in March 2024, only to be followed by a 30% ETH stalls around this level again, analysts are split on what comes next. 'Probably we'll have some consolidation here, and there's still a violent correction to come,' MN Fund founder Michael van de Poppe said on Tuesday. Meanwhile, prominent trader 'IncomeSharks' said they expect ETH to 'snap back higher' in a move above $4,000. 'Highly advise against shorting unless you want to be part of the round of liquidation tweets,' they said, setting a short-term target of $4,800 for the asset. In the long term, most analysts agree that ETH has the potential to go much higher in the current market cycle, with most calls converging between $10,000 and $15,000. Read Next: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— Image: Shutterstock This article Eric Trump Takes Victory Lap Over Memed Ethereum Call As ETH Eyes $4K originally appeared on
Yahoo
21-07-2025
- Business
- Yahoo
Avalanche's AVAX ‘Breakout Finally Happened' After 30% Monthly Price Jump
Avalanche's AVAX token rallied 30% in the past month, showing strong momentum and outperforming bitcoin (BTC), which rose around 13.4% over the same period. In the last 24-hour period, AVAX's price dipped around 0.5% to $23.63, but moving the timeline to 30 days shows a major 30.3% rise, slightly outperforming the wider crypto market as measured by the CoinDesk 20 (CD20) index, which rose 30.1%. During the rise, AVAX's volatility was accompanied by above-average volume, according to CoinDesk Research's technical analysis model. This kind of price action, where buyers step in quickly at key levels, suggests a growing confidence among traders. The token has recently exited a multi-month descending channel, a technical pattern many traders interpret as a bullish reversal. Some market analysts, including OKX-partnered trader Ted Pillows, have floated $32 to $35 as a possible short-term target, citing improved sentiment and chart structure. Per Pillows, the 'AVAX breakout has finally happened.' AVAX's steady climb also comes amid a broader rebound in decentralized finance (DeFi) activity. Total value locked on its protocols, measured in AVAX, has risen from 37 million tokens in early 2025 to around 76.4 million, according to DeFiLlama data. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Business Mayor
26-05-2025
- Business
- Business Mayor
Ethereum Bullish Pattern Points To Immediate $3,000 Target
The Ethereum market price rose by a net 3.16% in what proved to be another historic week for the crypto market as Bitcoin registered a new all-time high price. Notably, the prominent altcoin has largely benefited from the general market resurgence in the past month, resulting in a 44.69% price increase over this period. Interestingly, popular crypto analyst Ted Pillows has tipped Ethereum to maintain this positive performance based on a bullish chart pattern. Related Reading: Ethereum Net Flows Turn Negative As Bulls Push For $3,500 Potential ETH Breakout Pattern Hints At $3,000 Mark – Analyst In an X post on May 24, Ted Pillows shares that Ethereum's price movement is forming an inverse head-and-shoulders pattern on the 12-hour daily trading chart, suggesting the altcoin may be due for a price breakout in the coming days. The inverse head-and-shoulders pattern is one of the classic bullish reversal patterns, signaling a potential change from a downtrend to an uptrend. Based on the Tradingview chart presented by Pillows, the left shoulder of this bullish formation of this bullish inverse head-and-shoulders pattern formed in February, when ETH sharply declined to around $2,000 before rebounding and entering a range-bound phase that persisted through the month. In the following months, ETH would register deeper price falls to trade as low as $1,400 in early April to form the head of this pattern. Since then, altcoin has staged a strong recovery, climbing to around $2,700, before entering another consolidation phase that now forms the right shoulder of the pattern. According to Ted Pillows' analysis, the $2,700 price mark represents the neckline of this inverse head and shoulders pattern. ETH bulls must achieve a decisive close above this resistance level to confirm any potential break, a task that has proven tough following two successive rejections in the past few weeks. However, if Ethereum convincingly breaks out above $2,700, Pillows backs the altcoin to swiftly reach the $3,000 price mark, indicating a potential 17.4% on the current market price. Ethereum Market Overview At the time of writing, Ethereum is trading at $2,500 after a 0.34% gain in the past day. Meanwhile, the asset's daily trading volume is down by 58.22% and valued at $12.35 billion. According to on-chain analytics firm Sentora, the Ethereum blockchain also recorded a 23.9% decline in network fees over the past indicating a decline in transactions and general network use. Meanwhile, $74 million in ETH were deposited in exchanges, representing the first inflows in over four months. Nevertheless, Ethereum's price has shown much resilience with no significant decline in response. READ SOURCE
Yahoo
18-05-2025
- Business
- Yahoo
Bitcoin, Ethereum, Dogecoin Climb Ahead Of Weekend — XRP Lags Behind
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Major cryptocurrencies are trending higher early Friday, signaling renewed investor optimism heading into the Price Gains +/- Bitcoin (CRYPTO: BTC) $103,680.88 +1.3% Ethereum (CRYPTO: ETH) $2,627.97 +2.7% Solana (CRYPTO: SOL) $173.2 +1.2% XRP (CRYPTO: XRP) $2.43 -1.8% Dogecoin (CRYPTO: DOGE) $0.2278 +0.5% Shiba Inu (CRYPTO: SHIB) $0.00001507 +0.3% Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction volume increased 5.4% and 1.3%, respectively. While ETH's daily active addresses are up 1.6%, Bitcoin's daily active addresses are down 6.3%. Coinglass data shows 123,626 traders were liquidated in the past 24 hours for $340.61 million. Crypto chart analyst Ali Martinez noted that Bitcoin whales have booked profits by selling more than 30,000 BTC in the last 72 hours. Trader Notes: Crypto trader Ted Pillows believes Bitcoin is on the verge of a historic breakout, stating it's 'only one bullish candle away' from a new all-time high. His outlook remains — no wallets, just price speculation and free paper trading to practice different strategies. Meanwhile, trader Honey highlights a developing golden cross on BTC's 1-day charts historically bullish signal. The last time this pattern emerged, Bitcoin rocketed from $60,000 to $110,000 in just two months. On the altcoin front, Ali Martinez suggests Solana could break out of its long-forming cup-and-handle pattern if it decisively clears the $200 level, calling it an "instant buy" trigger. Ethereum is gaining traction too. According to Michael van de Poppe, ETH just completed its first major move higher, though he expects short-term consolidation as volatility increases. He sees sub-$2,400 dips as strong buying opportunities. Complementing that view, Captain Faibik notes ETH has broken out of a descending broadening wedge after a 5-month correction, historically a bullish setup. A clean move above $2,700 could fuel a rally toward $3,800–$4,000. XRP also shows early signs of life. Trader cryptoinsightuk believes a bullish continuation is on the table if momentum sustains. Lastly, Dogecoin is consolidating just below resistance. Trader Tardigrade expects this pause to continue for several days before a potential breakout toward $0.40, citing a bullish technical Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock Send To MSN: Send to MSN This article Bitcoin, Ethereum, Dogecoin Climb Ahead Of Weekend — XRP Lags Behind originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
10-05-2025
- Business
- Business Mayor
Here Are 5 Reasons Ethereum May Reach $12,000 In 2025
Ethereum prices have surged by over 19% in the past day, reaching almost $2,500 as a general crypto market resurgence continues. Amidst investors' euphoria, prominent crypto analyst and OKC Partner Ted Pillows has tipped the prominent altcoin to sustain its bullish form, reaching a market price of $12,000 in 2025. Institutional Adoption, DeFi Status To Drive Ethereum Market, Among Others In an X post on May 9, Ted Pillows provided some valuable insights into the bullish potential of the Ethereum market. The angel investor and KOL stated there are five reasons ETH investors should be expecting profits of about 600% before 2025 runs out. Firstly, Pillows has hinted that Ethereum is likely to experience the highest level of institutional adoption among altcoins. Amidst a pro-crypto US government and the growing chances of a digital asset regulatory framework, institutional investors are likely to start diversifying their capital to other cryptocurrencies aside from Bitcoin. As seen with the spot exchange-traded funds (ETFs), Ethereum ranks high ahead of other altcoins for portfolio additions, considering its position as the second-largest cryptocurrency with a 7.24% market share, and an extensive smart contract application. In particular, Ted Pillows emphasizes Ethereum's dominance in smart contract programmability as another reason for investors to be highly bullish. According to DefiLlama, the Ethereum blockchain currently holds 80.17% of RWA, 51.01% of circulating stablecoins, and 53.29% of total value locked (TVL) in DeFi, indicating much potential for network adoption and price growth amidst a crypto bull market. Another possible market trigger highlighted by Ted Pillows centers on the potential introduction of Ethereum ETF staking. Deadlines for the SEC's decision on the proposed staking option lie in late May & late August. However, Bloomberg analyst James Seyfart has indicated there is much potential for the Commission to wait till the final deadline in October, as seen with the ETH options trading. Read More XRP Price Crashes Over 20%, Why Breakdown Looks Real Deal The introduction of staking is likely to drive inflows into the Ethereum ETFs as it provides an additional means of income for investors. Staking would allow ETFs custodians to lock up ETH on the Ethereum network to serve as a validator for a defined period and earn a commission in return. Token Burn Post-Pectra Upgrade Signals Good Times Ahead Among other potential bullish drivers, Ted Pillows also points to the high level of ETH Burn following the launch of the Pectra network upgrade on May 7. A high burn rate indicates rising scarcity, which is always good for the market price appreciation. Finally, Ted Pillows hints at the growing potential of a risk-on environment later in 2025 as the US Federal Reserve is expected to cut interest rates and begin quantitative easing, which would encourage investments in volatile assets such as cryptocurrencies. At press time, Ethereum continues to trade at $2,334 following a slight market retracement in the last few hours. Notably, the asset's trading volume is up by 62.81% and valued at $49.85 billion. Related Reading: Sovereigns Are Buying Billions Of Bitcoin, Says Anthony Scaramucci READ SOURCE
