Cryptocurrency Market Outlook: Analyzing RAY, Ethereum, and Bitcoin Trends — Asia Market Update April 17

As the Asian trading session unfolds on April 17, market participants are closely monitoring the price action of key cryptocurrencies including RAY, Ethereum (ETH), and Bitcoin (BTC). Technical indicators suggest potential volatility ahead, with Ethereum testing critical support levels while Bitcoin consolidates near its recent highs. Analysts are evaluating on-chain data and macroeconomic factors to assess short-term directional bias. The RAY token, a rising DeFi asset, shows unusual volume patterns that may indicate accumulation by institutional players. Traders should watch for breakout opportunities while managing risk exposure amid evolving regulatory developments across Asian jurisdictions.

RAY sees double-digit gains as Raydium unveils new Pumpfun competitor

RAY surged 10% on Wednesday as Raydium revealed its new meme coin launchpad, LaunchLab, a potential competitor to Pump.fun — which also recently unveiled its decentralized exchange (DEX) PumpSwap.

Ethereum Price Forecast: ETH face value- accrual risks due to data availability roadmap

Ethereum (ETH) declined 1%, trading just below $1,600 in the early Asian session on Thursday, as Binance Research’s latest report suggests that the data availability roadmap has been hampering its value accrual.

Bitcoin held steady as US reveals China faces up to 245% tariffs

Bitcoin (BTC) witnessed little pressure on Wednesday despite the Chinese government selling off parts of its confiscated cryptocurrency holdings. The action follows a recent statement from the White House revealing that China could face up to 245% tariffs on exports to the US due to its retaliatory actions over the weekend.