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The post Ethereum (ETH) Poised for 15% Rally, Eyes on $2,200 appeared first on Coinpedia Fintech News Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has been gaining significant attention from crypto enthusiasts. Today, blockchain analytics platform Lookonchain made several posts on X (formerly Twitter), revealing that a whale has liquidated 160,234 ETH worth $306.85 million. This whale just got liquidated for 160,234 $ETH ($306.85M)! https://t.co/6LXpmU9hCq pic.twitter.com/yFobkbE68K — Lookonchain (@lookonchain) March 12, 2025 Crypto Insider Have Liquidated $306 Million Worth ETH However, the buying level for this substantial ETH holding was around $1,900, with a liquidation level of $1,805. As the price fell below the liquidation level, the whale’s $306.85 million position was liquidated. At press time, ETH is trading near $1,908, having registered a price surge of over 0.50% in the past 24 hours. However, during the same period, its trading volume dropped by 35%, indicating lower participation from traders and investors, potentially due to ongoing market uncertainty and significant price fluctuations. Ethereum (ETH) Technical Analysis and Upcoming Levels According to expert technical analysis, ETH appears bullish as it has regained momentum above the $1,900 level. Historically, this level has acted as a strong price reversal zone and a key area where assets experience buying pressure. Based on recent price action and historical patterns, if ETH holds above the $1,800 level, it could surge by 15% to reach $2,200 in the coming days or even higher. At press time, the asset’s Relative Strength Index (RSI) signals a potential price reversal, as it has formed a higher high while ETH was making a lower low. Source: Trading View Major liquidation Level At press time, the major liquidation levels are near $1,835 on the lower side and $1,970 on the upper side, with traders being over-leveraged at these levels, as reported by the on-chain analytics firm Coinglass. Source: Trading View Data further reveals that traders hold $585 million worth of long positions, while at the $1,970 level, they hold $410 million worth of short positions, indicating that bulls are strongly dominating the asset and could help it maintain itself above the crucial $1,800 support level.
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XRP Poised For Meteoric Moonshot As This Fund Giant Files SEC Paperwork To Launch Spot XRP ETF
Franklin Templeton, a financial services company with $1.6 trillion of assets under management, has officially filed a registration statement with the U.S. Securities and Exchange Commission for a spot XRP exchange-traded fund (ETF). Franklin Templeton has become the latest in a string of issuers vying to front run anticipated policy shifts to crypto under the new Trump government. Franklin Templeton Files For Spot XRP ETF After registering a trust in Delaware tied to a proposed spot XRP ETF in February, Franklin Templeton has moved forward with its plans to introduce a spot XRP ETF for US customers. The investment giant filed a form S-1 with the Securities and Exchange Commission. If approved, Franklin Templeton’s proposed fund would legitimize XRP as a mainstream investment vehicle offering a regulated option for exposure to the native token of Ripple’s XRP Ledger blockchain network. According to the Tuesday filing, the XRP ETF would trade on the CBOE BZX Exchange. Should approval be granted, Coinbase Custody would serve as the custodian for the fund’s XRP holdings, and CSC Delaware Trust Company would act as the trustee. Meanwhile, the agency has already formally accepted a handful of XRP ETF filings for review in the past few weeks — marking a key development for the world’s fourth largest crypto asset by market cap under acting chair Mark Uyeda. Approval of these XRP ETF filings could unlock massive institutional capital, amplifying demand for the cross-border payments token and pushing its price higher. At press time, XRP was trading at $2.20, reflecting a 6% jump in the last 24 hours. Flurry Of Filings Amid SEC Suit The filing follows similar moves by other asset managers, including Bitwise , WisdomTree , Canary Capital , 21Shares , Grayscale , all submitting XRP ETF proposals — injecting optimism into the market. Last year, Ripple Labs CEO Brad Garlinghouse described the approval of U.S.-listed XRP ETFs as “inevitable,” citing unprecedented demand from institutional and retail investors. Spectators say that President Trump’s reelection was a huge boon for XRP. Under former SEC boss Gary Gensler, the cryptocurrency’s regulatory status was challenged as the securities watchdog pushed forward with a lawsuit against Ripple over XRP sales. The civil lawsuit verdict, currently facing an appeal from the SEC and a cross-appeal from Ripple, included a court decision that the XRP cryptocurrency was not a security when sold to retail investors via exchanges. The SEC has yet to withdraw its Ripple suit despite recently abandoning similar, high-profile actions against companies like Coinbase, Robinhood, and Kraken. coinpedia
Solana’s SIMD-228 Proposal May Influence Inflation and Market Sentiment Amid Declining Network Activity
Solana’s recently introduced SIMD-228 proposal aims to substantially reduce SOL token inflation, sparking discussions about its potential deflationary impact. This strategic move comes amid a bear market where SOL has coinpedia
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Ripple v. SEC case update: March 12, 2025
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