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Ethereum is grappling with a decisive support range between the 100-day MA ($3.2K) and the 200-day MA ($3K), a critical region serving as the buyers’ last line of defense. The outcome at this level is expected to shape Ethereum’s mid-term trajectory. Technical Analysis By Shayan The Daily Chart ETH recently encountered heightened volatility as it approached the significant $3.2K-$3K price range, reflecting an intense battle between buyers and sellers. The price action highlights sellers’ attempts to push the asset below these key moving averages, signaling a potential bearish breakdown. Currently, Ethereum is finding temporary support within this range, with the price confined between the $3.2K level and the bullish flag’s upper boundary. A decisive breakout in either direction is likely to determine the next major trend for Ethereum. The 4-Hour Chart On the 4-hour chart, Ethereum consolidated near the 0.5 ($3.2K) and 0.618 ($3K) Fibonacci retracement levels before briefly breaking below this critical support zone. However, strong buying interest quickly drove the asset back above the $3.2K mark. This region remains pivotal as it represents the final primary support zone for buyers. A sustained hold above the $3.2K level could reignite bullish momentum, targeting a recovery toward higher resistance lines. Conversely, a breakdown below this range could trigger liquidations, potentially driving the price toward the $2.5K support zone. For now, Ethereum is consolidating near this critical region, with a battle between buyers and sellers dictating the market’s next move. Onchain Analysis By Shayan The Binance liquidation heatmap provides insights into key levels where significant liquidation events are likely. Based on the clustering of liquidation levels for long and short positions, these levels often act as magnets, driving price action toward them as market participants aim to capture liquidity. During the recent shake-off, Ethereum grabbed liquidity at the $3K mark, resulting in a sharp price recovery. A notable cluster of wrecked levels still exists just below the critical $3K support, representing long-position liquidations. This makes the $3K area highly attractive to bears and institutional sellers, increasing the probability of a bearish breakout toward these levels in the mid-term. However, a significant liquidity pool also rests at the $4K threshold, marking a potential ultimate target for buyers. However, it is likely that the price may grab liquidity below $3K first, creating a shakeout phase before resuming a bullish trajectory toward $4K. While Ethereum’s current price action reflects consolidation, the $3K level remains pivotal. A bearish breakout to capture liquidity below $3K is plausible in the short-to-mid term. The post Ethereum Price Analysis: This Support Is Crucial for Ethereum to Reach $4K appeared first on CryptoPotato .
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California Councilman Appoints Proof of Workforce to Propel Bitcoin Initiatives
Phillip Chen appointed Proof of Workforce to drive Bitcoin initiatives in California. Proof of Workforce aims to enhance community engagement and education on Bitcoin. Continue Reading: California Councilman Appoints Proof of Workforce to Propel Bitcoin Initiatives The post California Councilman Appoints Proof of Workforce to Propel Bitcoin Initiatives appeared first on COINTURK NEWS . Crypto Potato
Solana Price Hits $200, Arbitrum Gains Traction, but Web3Bay’s $0.00456 Token Could Be 2025’s Biggest Winner
The crypto market is buzzing with activity as Solana price surges past $200, signaling renewed investor confidence. Meanwhile, Arbitrum price shows modest gains, reflecting its steady role in Ethereum scaling. However, a lesser-known contender, Web3Bay (3BAY), is quietly stealing the spotlight with a practical approach that transcends speculation. While Solana benefits from ETF optimism and Arbitrum refines layer-2 scaling, Web3Bay focuses on reshaping e-commerce with blockchain-powered solutions. In a market crowded with speculative tokens, Web3Bay(3BAY) delivers a tangible use case: transforming global e-commerce. It’s not just another blockchain project; it’s a solution for businesses and consumers alike, bridging traditional finance and cryptocurrency. Investors searching for meaningful growth opportunities in 2025 might find Web3Bay more compelling than both Solana and Arbitrum. Web3Bay: Transforming E-Commerce with Blockchain Web3Bay is making headlines as the next big disruptor in the e-commerce industry. By integrating blockchain technology into its core operations, Web3Bay is eliminating the inefficiencies of traditional platforms, including high fees and lack of transparency. Instead, it offers users a decentralized, secure, and cost-effective way to engage in online shopping. Central to its ecosystem is the 3BAY token, which enables crypto payments and grants users perks like a 5% discount on purchases and community-driven governance. The presale for Web3Bay has already garnered immense attention, raising over $830,000 and selling more than 220 million tokens. Currently priced at just $0.0045626, the token’s affordability and projected launch price of $0.1959 make it a lucrative opportunity for early investors. With plans to expand into decentralized storage, multi-chain compatibility, and Layer-2 scaling for fast transactions, Web3Bay is well on its way to reshaping global commerce. As Web3Bay expands and adoption increases, the demand for 3BAY is set to skyrocket. By acting now, investors can lock in tokens at their lowest price, well ahead of the next price jump and the growing attention of the broader market. Solana Price Crosses $200 Mark Again As of January 17, 2025, Solana (SOL) is trading at $213.40, reflecting a 5.10% increase from the previous close. The intraday high reached $216.36, with a low of $198.74. The Solana price has been positively influenced by the anticipation of regulatory approval for Solana-based exchange-traded funds (ETFs). Industry experts suggest that the pro-crypto stance of the current U.S. administration may facilitate the approval of these ETFs, potentially attracting significant institutional investments. Analysts project that, upon approval, Solana ETFs could draw substantial investments, further boosting the Solana price.This development underscores the growing confidence in Solana’s ecosystem and its potential for mainstream adoption. Arbitrum Price Sees Modest Uptick Amid Market Fluctuations Arbitrum, an Ethereum layer-two scaling solution, utilizes optimistic rollups to enhance transaction speed and reduce costs. Arbitrum’s native token, ARB, is trading at approximately $0.7820, reflecting a 1.31% increase from the previous close. The token’s intraday performance has seen highs of $0.7871 and lows of $0.7499, indicating moderate volatility. Over the past week, ARB has experienced a 9.32% decline, aligning with broader market trends. Despite this downturn, the 24-hour trading volume has reached $235.32 million, suggesting sustained investor interest. The current market capitalization stands at approximately $3.11 billion, with a circulating supply of 4.21 billion ARB tokens. Takeaway While Solana price climbs on ETF optimism and Arbitrum price steadies amid market fluctuations, Web3Bay (3BAY) is building a foundation for lasting impact. Solana benefits from its thriving ecosystem, and Arbitrum enhances Ethereum’s scalability, but Web3Bay addresses everyday challenges in global commerce—fees, speed, and transparency. This focus on utility positions Web3Bay as more than just an investment; it’s a bridge between blockchain and real-world applications. The platform’s presale performance speaks volumes, with $830,000 raised , over 220 million tokens sold , and an attractive price of $0.004562625 . A projected launch price of $0.1959 signals significant upside for early investors. Features like NFT integration, decentralized governance, and seamless multi-chain functionality make Web3Bay a standout. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ The post Solana Price Hits $200, Arbitrum Gains Traction, but Web3Bay’s $0.00456 Token Could Be 2025’s Biggest Winner appeared first on TheCoinrise.com . Crypto Potato
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