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In line with major losses across the crypto market, Ethereum (ETH) declined by 17.08% in the past week reaching as low as $2,104. While the prominent altcoin has shown some minor gains in the past 12 hours, the general market sentiment remains bearish. Related Reading: Ethereum Retraces To Critical Monthly Demand Level – Can ETH Hold Selling Pressure? ETH Correction Likely Headed To $1,890 – Here’s Why The ETH market is currently navigating a strong market correction with several analysts now spotlighting potential key support levels. According to prominent on-chain analytics firm Glassnode, data from the Cost Basis Distribution (CBD) metric indicates Ethereum is poised for a decline to $1,890 which represents its next major accumulation zone. For context, CBD is used to identify significant levels of an asset’s accumulation or distribution. These identified zones often act as support or resistance and are influential on price actions. Analysts at Glassnodes state that the major ETH accumulation zone below its current price is $1,890 at which investors acquired approximately 1.82 million ETH in August 2023. Interestingly, a two-year analysis of Ethereum’s CBD shows that some of these investors who accumulated ETH in August 2023 remain active. Notably, a significant number of them increased their cost basis during the crypto market in November 2024 while executing no distribution at range highs – a behavior that signals a strong confidence in long-term price appreciation. However, it is worth stating that $1,890 is not the immediate support zone for the ETH market. Glassnode states that CBD data also highlights $2,100 as the next support zone if Ethereum’s correction continues. This support level only holds around 500,000 ETH i.e. significantly lower than the accumulation seen at $1890. Albeit, investors can expect $2,100 to offer some short-term support before ETH experiences a deeper correction to $,1890. Related Reading: Is The Worst Yet To Come For XRP? Analyst Issues Dire Warning Is ETH Accumulation On Amid Price Dip? In a further analysis of the Ethereum market, Glassnode also reveals that a six-month perspective on the cost basis trend shows strong investor activity with at cost basis levels far higher than the current market price, particularly around $3,500. Notably, this cost basis has shown a gradual decline while increasing in concentration. This development indicates that rather than initiating a sell-off, investors are actively absorbing market supply as prices decline in anticipation of long-term gains. At the time of writing, Ethereum trades at $2,250 following a 3.84% gain in the past day. Meanwhile, its heavy decline over the past week moves its monthly losses to around 30.48%. However, its market activity has increased by 7.74% and is now valued at $29.91 billion. Featured image from iStock, chart from Tradingview
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
MSTR Oversold Right Now? These Metrics Say Yes
CryptoQuant CEO Ki Young Ju showcases why MSTR stock price looks undervalued to him based on BTC metrics NewsBTC
PEPE & Dogecoin Struggles As Rollblock Gains More Investors By The Day, Causing Presale Surge
The post PEPE & Dogecoin Struggles As Rollblock Gains More Investors By The Day, Causing Presale Surge appeared first on Coinpedia Fintech News Pepe and Dogecoin are struggling to recover as market uncertainty keeps their prices in the red. Meanwhile, Rollblock (RBLK) is attracting thousands of new investors, driving its presale to new heights with over $10.7 million generated in ICO funding. With its innovative blockchain gaming ecosystem and impressive revenue-sharing system, Rollblock is quickly becoming a standout choice in GameFi. Having already rallied 500%, investors are rushing in to secure positions before its price climbs higher in the coming weeks. Rollblock (RBLK): The Next Big Player in Blockchain Gaming Rollblock is rapidly emerging as a gaming powerhouse, leading the evolution of iGaming with its cutting-edge play-to-earn ecosystem. With over 50,000 active members and over $10.7 million raised in its presale, the platform is on a trajectory for massive expansion. The platform offers an extensive collection of over 7,000 games, appealing to traditional gamers and blockchain enthusiasts. The recent introduction of sports bidding has expanded its reach, transforming Rollblock into a comprehensive decentralized entertainment hub. Through its sportsbook users can bid on major events such as the Premier League and UFC, which increases the platform’s overall appeal. The platform prioritizes security and gives users a transparent and unbiased gaming experience. Regulatory approval from SolidProof and an Anjouan Gaming license reinforce Rollblock’s credibility, setting it apart in an industry often plagued by trust issues. Furthermore, Rollblock’s deflationary tokenomics model strengthens its long-term value, making RBLK a highly attractive investment. Each week up to thirty percent of the platform’s revenue is allocated to token buybacks, with 60% of repurchased tokens permanently burned to reduce supply. The remaining 40% is distributed as staking rewards, providing up to 30% APY for investors and players. With major exchange listings on the horizon, investment demand is accelerating. Stage 10 tokens are selling fast at $0.06, and investors can still take advantage of a 50% limited-time bonus on all RBLK purchases heading into March. Dogecoin Struggles With Bearish Momentum Dogecoin has experienced prolonged selling pressure, causing it to lose 11% of its value before re-establishing above $0.20. Market expert Ali Martinez warned that losing its $0.19 support line would likely lead to a sharp price drop to $0.06. Traders continue to track this vital pricing point because market volatility shows no sign of fading. Despite price challenges, Dogecoin remains the number one meme coin in the market. Many believe Dogecoin’s outlook could change with Elon Musk’s possible incorporation of DOGE as a payment option on X and the potential payment partnerships with PayPal and similar processors. Institutional interest is also growing, with Bitwise filing for a Dogecoin ETF. If approved, this could attract significant capital inflows and reinforce Dogecoin’s standing in the market. Pepe Crashes by Over 34% in 30 Days Pepe is currently trading at $0.00000793, consolidating after a prolonged decline. The meme coin remains below the 50 EMA, 100 EMA, and 200 EMA, signaling persistent bearish pressure. Over the past month, Pepe has dropped 34.50% in value, struggling to regain momentum. In the last 24 hours, it has seen a 3.9% drop in price, leaving investors unsure about its future. Source: TradingView Pepe’s volatility stems from its holder distribution and market activity. A staggering 47.9% of its supply is controlled by whales , while 68.3% belongs to cruisers. This imbalance suggests that many traders are capitalizing on its price swings rather than holding for the long term. The high concentration of whale holdings puts Pepe at risk of sudden sell-offs, leading to sharp price fluctuations. According to X analyst UnknowTraderAi , Pepe’s trend remains neutral-to-bearish unless it reclaims $0.00001006. A breakout above this level could trigger an upward move, while a drop below $0.00000700 could signal further losses. If the price fails to hold current levels, a decline toward $0.00000600 becomes increasingly likely. Pepe & Dogecoin Investors Rush Rollblock Presale With the market downturn causing Pepe and Dogecoin to dip in value, many PEPE and DOGE investors are diversifying to Rollblock (RBLK) . RBLK has already increased by 500% during its presale and another 300% surge is expected before the presale is complete. Upon listing on major exchanges, experts forecast a 50x surge, making Rollblock one of the most promising investments in 2025. Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today! Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino NewsBTC
