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Ethereum price hits key support as funding rate falls

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Ethereum price

Ethereum price continued its strong downward trend this week, reaching its lowest level since May last year.

Summary

  • Ethereum price dropped to a crucial support level as the crypto market crash accelerated.
  • Its liquidations jumped to the highest level in months.
  • Ethereum’s weighted funding rate dropped to its October lows.

Ethereum (ETH) token dropped to a low of $1,768, down by 60% from its all-time high. This retreat coincided with the broader crypto market crash as retail and some institutional investors dumped the coin.

Data compiled by SoSoValue shows that American investors have sold Ethereum ETFs worth $149 million this year. January is the fourth consecutive month that these funds have shed assets.

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Additional data show that Ethereum bulls were heavily liquidated as the crash continued. Ethereum positions worth nearly $2 billion were liquidated since January 31, the highest figure since Oct. 10 when positions worth over $3.8 billion were wiped out. 

Most importantly, the weighted funding rate turned negative and fell to its lowest level since Oct. 10. A negative funding rate indicates that investors anticipate the coin will decline. It happens when shorts are paying long positions in the perpetual futures market. 

On the positive side, Ethereum’s network is doing well, with Nansen data showing a surge in transactions, fees, and active addresses. Ethereum handled 70 million transactions in the last 30 days, while the number of active addresses rose by 42% to over 15 million. 

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It also holds a leading market share across sectors in the crypto industry, including stablecoins, decentralized finance, and real-world asset tokenization. These fundamentals may help fuel its long-term recovery.

Ethereum price technical analysis

Ethereum price
ETH price chart | Source: crypto.news

The weekly chart shows that ETH price has pulled back in the past few months. It has dropped from a record high of $4,950 to a low of $1,7686 today. Its lowest point was notable because it coincided with the ascending trendline connecting the lowest levels in June 2022 and April last year.

The price was also important because it was near the left shoulder of the inverted head-and-shoulders pattern. This pattern is one of the most common bullish reversal signs in technical analysis. 

Therefore, a weekly close above $2,130 will point to a reversal, potentially to $3,000. On the other hand, a close below the support at $1,768 will invalidate the bullish outlook.

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Crypto World

New ChatGPT Predicts the Price of XRP, Ethereum and Pi Coin By the End of 2026

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chatgpt predicts xrp

ChatGPT draws on large-scale datasets and market patterns to generate forward-looking crypto analysis, and when prompted with a well-defined framework, the AI predicts head-turning 2026 price outlooks for XRP, Ethereum, and Pi Network.

According to ChatGPT’s assessment, a prolonged crypto bull market paired with more transparent and supportive regulation in the United States could accelerate price discovery for major digital assets, pushing them to new record highs sooner than many investors expect.

Below is ChatGPT’s projected trajectory for the three leading altcoins over the next eleven months.

XRP ($XRP): ChatGPT Predicts a Potential Move Toward $8 by 2027

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Ripple’s XRP ($XRP) currently changing hands near $1.36, but ChatGPT forecasts that broader XRP adoption and supportive legislation could drive XRP to $8 by the end of 2026, implying gains of nearly 500% from current prices.

chatgpt predicts xrp
Source: ChatGPT

Last July, it notched its first new all-time high (ATH) in seven years, surging to $3.65 after Ripple achieved a decisive courtroom victory against the U.S. Securities and Exchange Commission.

That ruling lifted a major regulatory overhang and helped ease broader market fears that the SEC planned to treat altcoins as unregistered securities.

From a technical perspective, XRP’s Relative Strength Index (RSI) is hovering near 27, placing it firmly in oversold territory. The fact that it’s uptrending again suggests that selling pressure may be losing steam, setting the stage for investors to buy back in over the weekend at a relative discount.

As XRP’s price gradually realigns with its 30-day moving average, positive industry or macro developments could spark a sudden surge in the weeks or months ahead.

When combined with anticipated ETF inflows from the newly launched US spot XRP ETFs and anticipation for the U.S. CLARITY bill, a proposed comprehensive crypto regulatory framework, ChatGPT’s ambitious price target appears increasingly plausible.

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Ethereum ($ETH): ChatGPT Anticipates a 5x Opportunity for Current Holders

Ethereum ($ETH), the dominant blockchain for smart contracts, decentralized applications, and decentralized finance, remains the backbone of much of the Web3 ecosystem.

With a market capitalization of roughly $233 billion and more than $59 billion in total value locked (TVL) across DeFi protocols, Ethereum continues to serve as the main hub of on-chain commercial activity.

Its long-standing security track record, reliable settlement layer, and early leadership in stablecoins and real-world asset tokenization position Ethereum well for expanding institutional participation.

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Momentum could intensify if U.S. lawmakers pass the CLARITY bill, offering the regulatory clarity institutions need to deploy capital through Ethereum-based infrastructure, either through stablecoins, crypto, or real world asset tokenization.

ETH is currently trading just below $2,000, with significant resistance expected near the $5,000 mark after peaking at an all-time high of $4,946.05 last August.

If ChatGPT’s bullish outlook plays out, a decisive breakout above $5,000 could open the door to multiple new highs in 2026, with upside potential going as high as $10,000 during a full-scale 2026 bull run.

Pi Network (PI): ChatGPT Sees a 2,700% Rally This Year

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Pi Network ($PI) is best known for its mobile mining model that rewards daily user participation. Simply open the app and tap when prompted to earn crypto.

According to ChatGPT’s analysis, a strong bullish phase could lift Pi Network from its current price of $0.1445 to as high as $5, representing potential gains of more than 2,668%.

The token recently outperformed several large-cap cryptocurrencies following Pi Network’s announcement of a partnership with AI firm OpenMind. The collaboration highlights how Pi node operators can provide decentralized computing resources to external organizations, reinforcing a tangible real-world use case.

Additional momentum stems from recent testnet upgrades, including decentralized exchange functionality, automated market makers, enhanced liquidity systems, and a revamped KYC framework, all of which significantly broaden the platform’s scope.

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Maxi Doge (MAXI): A New Meme Coin Challenger Enters the Spotlight

Although not part of ChatGPT’s primary forecasts, Maxi Doge ($MAXI) has rapidly become one of the most talked-about meme coin presales of 2026, raising approximately $4.6 million ahead of its public launch.

The project revolves around Maxi Doge, a high-octane gym bro parody (and distant cousin) of Dogecoin/ According to its tongue-in-cheek lore, Maxi Doge spent the last decade watching Dogecoin from the sidelines, while pumping weights and shitcoins, now he’s stepping into the limelight to take control of the meme coin scene.

Bold, chaotic, and deliberately over-the-top, Maxi Doge relishes in the degen energy that originally catapulted meme coins into a global phenomenon.

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MAXI is an ERC-20 token operating on Ethereum’s proof-of-stake network, giving it a substantially smaller environmental footprint compared with Dogecoin’s proof-of-work design.

During the presale, participants can stake MAXI tokens for yields of up to 68% APY, with rewards gradually declining as the staking pool grows.

The token is currently priced at $0.0002802 in the latest presale phase, with automatic price increases triggered at each funding milestone. Purchases are available via MetaMask and Best Wallet.

Dogecoin may be the progenitor, but Maxi Doge is the new alpha in Memesville!

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Stay updated through Maxi Doge’s official X and Telegram pages.

Visit the Official Website Here

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Ai.Com, Founded by Kris Marszalek, Announces Upcoming AI Agents

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AI

Proponents of AI agents say the new technology will simplify crypto trading and other financial activities for the average user.

AI platform ai.com, founded by Crypto.com co-founder and CEO Kris Marszalek, announced on Friday that it will be launching an autonomous AI agent for retail consumers.

The agentic AI will be able to execute functions including trading stocks, workflow automation and simple tasks like calendar updates and managing changes to online social profiles, according to an announcement from the company.

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The agents will feature segregated user data, secured by encryption keys unique to each user, and run according to user-set restrictions on what the agent is allowed to do, the announcement said. 

AI agents have garnered significant attention from users over the last year. About one quarter (23%) of respondents surveyed by investment research firm McKinsey indicated that their organizations were expanding the use of AI agents, according to a November report from the company.

AI
A survey tracking agentic AI usage in organizations. Source: McKinsey & Company

The growth of autonomous AI agents can automate crypto trading strategies and wallet management, removing the technical barrier-to-entry for new users unfamiliar with blockchain systems and onchain transaction execution, proponents of the technology say. 

Related: Crypto dev launches website for agentic AI to ‘rent a human’

How agentic AI can remove the barrier to entry for cryptocurrencies and Web3

These technical barriers include choosing the correct blockchain network and token protocols to send funds to, and complex user interfaces that are harder to navigate for new users, according to Jonathan Farnell, CEO of crypto exchange Freedx.

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