Prix de Areon NetworkAREA

$btc update. Lovely short last night. Both TPs hit and we also filled the cme gap. I expect a nice bounce soon. 82.8-83.8 is the area to long…

My only issue is that every Tom, Dick and Harry are longing this area, which makes me believe it will likely fail but let's see.

Ethereum (ETH) saw a sharp price drop, shaking investor confidence after a period of relative stability. The cryptocurrency currently trades around $1,917 , down over 5% in the past 24 hours according to CoinMarketCap data. This move suggests a potential breakdown from its previous sideways trading range, sparking fresh debate about Ethereum’s near-term direction. Ethereum’s price is now testing immediate support within the $1,900–$1,910 range. Early chart signs suggest this area might offer a temporary cushion against further selling pressure. If this level fails to hold convincingly, the next potential technical support zone lies between $1,875–$1,880, based on historical price action in that vicinity. A break below that could open the door to testing the significant psychological level around $1,800. For any potential recovery attempt, Ethereum faces immediate resistance near the $1,950–$1,960 zone. This area acted as support before the recent sell-off, making it a likely hurdle on the way up. Related: Is Ethereum Losing Its Deflationary Edge as ETH Burns Vanish? Above that, the $2,000 mark stands out as both a key psychological barrier and a level involved in the previous consolidation phase. Further resistance lies around $2,025–$2,030, marking a recent significant intraday high that bullish traders would need to overcome to signal stronger momentum. Current technical indicators on the daily chart suggest a cautious short-term outlook for ETH. The Relative Strength Index (RSI) currently reads around 38.68, remaining below the neutral 50 mark. This reading generally indicates prevailing bearish momentum. While not yet in classically “oversold” territory (typically below 30), it suggests sellers currently maintain control. The Moving Average Convergence Divergence (MACD) indicator recently flashed a bullish crossover signal; however, the price action has failed to respond positively thus far. Such a divergence often points to underlying weak buying pressure despite the indicator’s signal. Activity in Ethereum’s derivatives market reflects somewhat mixed sentiment, according to data from Coinglass . While total ETH futures trading volume saw an increase (up 9.63% to $39.06 billion), overall open interest in futures actually fell (down 3.26% to $22.47 billion). This decline in open interest suggests some leveraged positions were likely closed out during the price drop. Related: Ethereum Foundation’s ETH Sales: Not the Price Movers You Thought? Interestingly, ETH options markets saw increased activity simultaneously. Options trading volume jumped nearly 30% (to $666 million), and options open interest also rose modestly (up 2.60% to $6.14 billion). These divergent trends could indicate increased hedging activity or speculative plays using options amid the spot market’s decline. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Ripple’s XRP has drawn renewed community interest recently, even as its price faces downward pressure. Despite a major regulatory win with the SEC lawsuit dismissal, XRP hasn’t seen the sharp price surge many anticipated, currently trading around $2.23 after a ~5.8% daily decline. This price action tests critical support levels, prompting analysts to weigh near-term risks against longer-term bullish projections, some targeting as high as $15. Analyst “Egrag” highlighted the importance of the $2.22 level for XRP. His chart analysis identifies this price point as crucial immediate support, an area tested multiple times previously. According to Egrag, if buyers successfully defend this level, a bounce back towards the major resistance area around $3 could be likely. However, a sustained break below $2.22 could increase short-term bearish pressure, potentially leading XRP to retest lower support zones. Offering a significantly more bullish long-term perspective, analyst “CryptoElite” recently reaffirmed a bold $15 price target for XRP. Notably, this analyst reportedly first shared this outlook when XRP traded near $0.50. They cite XRP’s decisive break above multi-year resistance (formerly $1.95-$2.10) and the potential formation of a large cup and handle pattern as key technical confirmations. CryptoElite’s analysis, based on Fibonacci extensions, points to potential targets near $8.34 and eventually $13.55–$15 if strong bullish momentum continues, drawing parallels to previous market cycles. Related: Anatomy of a 600% Call: Analyst Explains Why XRP’s $15 Target Stands Underpinning these bullish technical outlooks are significant positive shifts in the US regulatory landscape for XRP. Researcher “Anders,” among others, points to the SEC case dismissal as removing major legal uncertainty for Ripple. He also notes the repeal of the SEC’s Staff Accounting Bulletin 122 (SAB 122), which now allows regulated US banks to offer crypto custody services – a development that could benefit Ripple’s secure custody offerings and foster institutional adoption. Related: “You Have No Idea”: Analyst’s XRP Chart Hints at a Truly Massive Price Surge Also, speculation surrounding a potential US spot XRP ETF continues to grow. Nate Geraci, a noted ETF expert, has called such an ETF “inevitable.” Prediction market data also reflects high community expectations, recently showing an 82% perceived probability of approval possibly occurring this year. An ETF approval is widely seen as a potential game-changer capable of attracting significant institutional capital into XRP. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Solana (SOL) sees a significant surge in positive social media sentiment, reportedly driven by growing institutional adoption and a vibrant ecosystem hype cycle. With factors like BlackRock’s tokenized BUIDL fund utilizing the network and GameStop-related discussions boosting engagement, Solana’s position as a leading blockchain grows stronger. It currently ranks as the second-largest blockchain by Total Value Locked (TVL), holding approximately $6.8 billion. On-chain analytics platform Santiment reports Solana currently sees an unusually high 18-to-1 ratio of positive versus negative comments across major social media platforms. This strong enthusiasm, Santiment suggests, arises from tangible developments like BlackRock’s fund integration and high community engagement, partly linked to ongoing GameStop meme stock discussions that often spill into crypto circles. Related: Solana’s “Breakout” Moment? Hackathon & BlackRock Signal Growing Ecosystem Santiment data shows sentiment around SOL has spiked sharply, with social platforms reflecting widespread optimism about its role as institutions increasingly adopt blockchain solutions. Historically, Santiment notes, such sharp sentiment peaks often correlate with bullish price action for an asset. At press time (March 27, 2025), SOL trades around $137.96, sitting just above its 20-day Exponential Moving Average (EMA) near $136.57. However, following a 4.45% dip in the past 24 hours, SOL is actively testing this EMA level as immediate support. The price is also consolidating near the middle Bollinger Band (BB) around $130.94, with near-term resistance marked by the upper band close to $143.71. A decisive breakout above the $143.71 upper BB could potentially trigger a rally toward the $160 level, with further chart resistance possible near $180. Significant underlying support is seen near the $118.16 mark. The Relative Strength Index (RSI) currently hovers near 48.62, indicating neutral momentum; a cross above the 50 level might suggest renewed bullish strength favored by buyers. Related: Arthur Hayes’ Hot Take: Ethereum to $5,000 Before Solana Even Nears $300 If the extremely positive sentiment translates into sustained buying pressure, SOL could attempt to reclaim the $150 psychological level soon. Conversely, a drop below the $130-$131 mid-BB area could weaken the immediate bullish case, potentially leading to a retest of the $118 support. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.