ETH Price Prediction: Technical Strength Faces Off Against Institutional Selling Pressure
Ethereum Technical Analysis: Bullish Signals Emerge Amid Consolidation
Ethereum (ETH) is currently trading at $2,633.17, showing resilience above its 20-day moving average of $2,567.85. The MACD indicator displays a bullish crossover with the histogram at +128.90, suggesting growing upward momentum. Bollinger Bands indicate a neutral-to-bullish bias as price hovers NEAR the upper band at $2,694.21.says BTCC analyst Mia.
Mixed Sentiment as Institutional Activity Weighs on Ethereum
While positive developments like Ethereum’s Women in Web3 event and Arbitrum’s $7B DeFi initiative surface, the market faces headwinds from Galaxy Digital and institutional ETH sell-offs.notes BTCC’s Mia.
ETHWomen Returns for 3rd Year: A Free, Female-Focused Web3 Event in Toronto
ETHWomen, a leading Web3 event promoting inclusivity and female participation, returns for its third year on May 13, 2025, in Toronto, Canada. As part of Blockchain Futurist Conference and Canada Crypto Week, it offers free access to educational panels, networking opportunities, and industry connections for women interested in blockchain and Web3. The event aims to empower women in the industry, which remains heavily male-dominated, by fostering a welcoming environment for developers, entrepreneurs, and curious individuals. It also serves as a hub for women already making an impact to connect and collaborate.
Galaxy Digital, Whales, Institutions Sell Off Ethereum: How Low Can ETH Go?
A growing number of investors, including Galaxy Digital, whales, and institutions, have been disposing of their ETH holdings. With its price already struggling at $1,600, the future of the second-largest cryptocurrency remains uncertain. Mike Novogratz’s Galaxy Digital, a major player in the ETH investment ecosystem, is likely selling some of its holdings after transferring significant amounts to exchanges like Binance and Coinbase.
U.S. Secret Service and Canadian Authorities Disrupt $4.3M Ethereum Phishing Scam
A phishing scam targeting Ethereum clients was shut down by the U.S. Secret Service and Canadian police in a coordinated sting called ’Operation Avalanche.’ The thieves stole over $4.3 million before apprehension. The operation aimed to trace the stolen money, freeze online wallets, and alert victims. The U.S. Secret Service cooperated with several Canadian stakeholders, including securities commissions and the Royal Canadian Mounted Police, to develop a harmonized response. Digital forensics experts, crypto exchanges, and blockchain experts supported the operation.
BASE Token Volatility Amid Controversy Over Content Coin
Base, an Ethereum Layer-2 network incubated by Coinbase, launched BASE, a token tied to on-chain content. The token initially surged to a $17 million market cap but crashed shortly after. It then rebounded 64% in the last 24 hours amid heated debate over its purpose and legitimacy. The launch was controversial as Lookonchain alleges that three wallets bought large quantities of BASE before the announcement. The token’s price action included a surge to $0.0091 per CoinMarketCap data, followed by a plunge to $0.00308 when Base coined a second token on the Zora creator protocol.
Coinbase Controls 8% of Staked ETH, Potential Staking ETF in Sight
Coinbase is one of the biggest holders of staked Ethereum (ETH), controlling up to 8% of staked ETH. This potentially signals its ability to offer staking ETFs. The centralized exchange has surpassed Binance, which holds around 2.2M staked ETH. Coinbase allows retail investors to gain yield without locking 32 ETH, offering up to 2.14% APY for using it as an intermediary. Currently, staking can bring back up to 3.95% in annualized earnings for those who deposit 32 ETH.
Ethereum Whales Offload 143,000 ETH in One Week
Ethereum is trading around the $1,600 level after several days of failed attempts to reclaim higher prices. The broader structure still reflects a clear downtrend. The crypto market remains uncertain due to ongoing tensions between the US and China. CryptoQuant data shows that Ethereum whales have offloaded approximately 143,000 ETH over the past week, reinforcing fears of further selling ahead.
Ethereum Fees Fall To 2019 Levels
Ethereum transaction costs have fallen to their lowest point in five years, standing at approximately $0.168. The drop comes as users pull back from the network amid economic concerns. According to Santiment, an on-chain analytics platform, the steep decline matches a pattern of reduced activity. Brian Quinlivan, marketing director at Santiment, noted that low network fees often appear before price rebounds, but traders are waiting for global economic questions to clear up before returning to normal trading.
Ethereum ETFs Total Net Assets Decline Over 60%; Justin Sun Won’t Sell ETH
Ethereum ETFs have seen over a 60% decline in total net assets. The price of Ethereum (ETH) today is $1,580. Tron founder Justin Sun stated that Tron will not sell its ETH holdings despite the sustained downtrend. Galaxy Digital has deposited $79.37 million worth of ETH to Binance and Coinbase over the past five days. ETH has maintained a downtrend since December amid oversold conditions in technical indicators. On Thursday, ETH traded just below $1,600 following a 60% plunge in the total net assets of US spot Ether ETFs.
CryptoPunks Skyrocket as Courtyard Leads NFT Market Surge
Courtyard and DMarket emerged as the top two weekly NFT sales platforms. CryptoPunks saw a significant increase in value by 43.99%. However, one rare CryptoPunk was sold at a $10 million loss due to the prevailing low ETH prices. Top collections like Bored Ape and Pudgy Penguins declined, while smaller projects like LilPudgys gained traction. Courtyard topped the NFT market with total sales of $18.36 million, a 16.18% increase from the previous week, recording 141,945 transactions and 8,712 buyers.
Ethereum Price Fights for Momentum
Ethereum price started a fresh decline below the $1,620 zone and is now consolidating. ETH might attempt to recover above the $1,620 resistance. The price is trading below $1,620 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $1,590. The pair could start a fresh increase if it clears the $1,615 resistance zone. However, Ethereum struggled to continue higher above $1,690 and declined below $1,600 and $1,580 support levels, even spiking below $1,550. A low was formed at $1,538, and the price is now attempting a recovery wave above $1,580.
Ethereum Layer 2 Arbitrum Launches Converge Blockchain for $7B Real-World Asset Push in DeFi
Ethereum Layer 2 network Arbitrum has launched Converge, a blockchain aimed at processing tokenized real-world assets (RWAs) and on-chain finance. Created by Ethena Labs and Securitize, Converge seeks to bring billions of dollars in stable assets into decentralized finance (DeFi). More than $7 billion in assets are being migrated to the Converge network, with Ethena handling $5 billion in general stable synthetic dollar (USDe) transfers and Securitize, a leader in tokenized assets, managing $2 billion in tokenized exchanges. Converge aims to enhance blockchain speed, fees, and flexibility for next-gen DeFi and RWA growth, settling transactions on Celestia and transferring stablecoins and NFTs on Layer 1.
