Solana failed to settle above $90 and trimmed some gains. SOL price is now 
facing hurdles near $88 and might decline again below $82. SOL price started a 
decent recovery wave above $78 and $82 against the US Dollar. The price is now 
trading below $85 and the 100-hourly simple moving average. There is a key 
bearish trend line forming with resistance at $85 on the hourly chart of the 
SOL/USD pair (data source from Kraken). The price could continue to move up if 
it clears $85 and $90. Solana Price Faces Resistance Solana price remained 
stable and started a decent recovery wave above $72, like Bitcoin and 
Ethereum. SOL was able to climb above the $80 level. There was a move above 
the 50% Fib retracement level of the downward move from the $106 swing high to 
the $68 low. However, the bears are active near $90. The price is now moving 
lower below $88. There is also a key bearish trend line forming with 
resistance at $85 on the hourly chart of the SOL/USD pair. Solana is now 
trading below $85 and the 100-hourly simple moving average. On the upside, 
immediate resistance is near the $85 level and the trend line. The next major 
resistance is near the $92 level and the 61.8% Fib retracement level of the 
downward move from the $106 swing high to the $68 low. The main resistance 
could be $96. A successful close above the $96 resistance zone could set the 
pace for another steady increase. The next key resistance is $105. Any more 
gains might send the price toward the $112 level. Downside Continuation In 
SOL? If SOL fails to rise above the $85 resistance, it could continue to move 
down. Initial support on the downside is near the $82 zone. The first major 
support is near the $80 level. A break below the $80 level might send the 
price toward the $75 support zone. If there is a close below the $75 support, 
the price could decline toward the $70 zone in the near term. Technical 
Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish 
zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is 
below the 50 level. Major Support Levels – $82 and $75. Major Resistance 
Levels – $85 and $92.

Solana (SOL) Under Pressure As Downtrend Looks Ready To Resume

Ethereum is struggling to hold the $2,000 level as persistent selling pressure 
continues to weigh on the broader crypto market. Price action remains fragile, 
with volatility elevated and investor sentiment cautious following weeks of 
downside momentum across major digital assets. While the macro backdrop 
remains uncertain, recent on-chain data suggests that market positioning may 
be evolving beneath the surface rather than simply deteriorating. Related 
Reading: Ethereum Supply on Exchanges Mirrors 2016 Levels: What Happens Next? 
A recent CryptoQuant report highlights a notable shift in Ethereum exchange 
flows. Netflow data over the past several days shows a clear acceleration in 
withdrawals from centralized exchanges. This trend typically indicates that 
investors are moving assets into private wallets, staking platforms, or long- 
term storage solutions. Reducing the immediately available supply for spot 
selling. Such behavior can reflect either defensive positioning during 
volatility or early signs of accumulation. However, interpreting these flows 
requires caution. Exchange withdrawals alone do not automatically imply 
bullish conviction. As funds may also be repositioned within DeFi or 
collateralized for leveraged strategies. Still, the current pattern suggests 
that a portion of market participants is opting to reduce liquid exposure 
while Ethereum tests a critical psychological support zone, leaving the market 
at an important inflection point. Exchange Outflows Suggest Positioning Shift 
Across all major exchanges, net Ethereum outflows have surpassed 220,000 ETH, 
marking the largest wave of withdrawals since last October. This magnitude of 
movement typically reflects a meaningful shift in positioning, with investors 
transferring assets away from trading venues toward private wallets, custody 
solutions, or long-term storage protocols. Historically, such behavior has 
been associated either with accumulation phases or with precautionary risk 
reduction during periods of heightened volatility. Binance accounted for a 
significant portion of this activity. On February 5 alone, daily net outflows 
reached roughly -158,000 ETH. This is the largest withdrawal event on the 
platform since last August. Given Binance’s role as the deepest liquidity hub 
in the market, the concentration of withdrawals there suggests that 
institutional and high-volume participants may be actively adjusting exposure 
rather than retail-driven flows alone. These outflows occurred while Ethereum 
traded within the $1,800–$2,000 range, a zone many market participants appear 
to view as a potential repositioning area after the recent correction. Reduced 
exchange balances generally translate into lower immediately available sell- 
side supply, which can provide short-term structural support. However, 
sustained price stabilization will likely require confirmation through 
improving momentum, renewed capital inflows, and broader risk appetite across 
the crypto market. Related Reading: Ethereum Crash Below $2,000 Triggers 
Record Token Movement: Hinting At Capitulation Ethereum Tests Critical Support 
After Sharp Breakdown Ethereum is currently trading near the $2,000 level 
after a decisive breakdown from the $2,800–$3,000 consolidation range, 
confirming a shift toward a bearish market structure. The chart shows a clear 
rejection from the declining short-term moving average, followed by an 
accelerated sell-off that pushed price toward a major psychological support 
zone. This level has historically acted as both resistance and support, making 
its defense crucial for short-term stability. Volume expansion during the 
latest drop suggests forced selling rather than gradual distribution. This 
type of spike often reflects liquidation cascades, risk reduction from 
leveraged positions, or systematic portfolio rebalancing. However, elevated 
volume alone does not confirm a bottom; it only signals heightened market 
stress. Related Reading: Bitcoin At $65K: Market Cycle Indicator Points To 
Possible Bottom Zone From a trend perspective, Ethereum remains below all key 
moving averages, which are now sloping downward. This configuration typically 
indicates continuation risk unless price quickly reclaims the $2,400–$2,600 
region. Failure to do so increases the probability of a deeper retracement 
toward the $1,600–$1,800 range, where previous accumulation occurred. Ethereum 
appears to be transitioning from corrective weakness into a structurally 
fragile phase, with market participants closely watching whether the $2,000 
level holds or becomes resistance. Featured image from ChatGPT, chart from 
TradingView.com

Ethereum Holders Shift To Self-Custody As Market Consolidates Near $2K

Uniswap has won a patent infringement lawsuit filed by organizations connected 
to Bancor, marking a major legal victory for the decentralized exchange and 
the wider decentralized finance sector. On Feb. 11, Uniswap founder Hayden 
Adams said on X that his…

Uniswap wins CPAMM patent infringement lawsuit against Bancor

Ripple is rapidly strengthening its custody platform as regulated institutions 
push deeper into crypto, rolling out new security, compliance, and staking 
capabilities designed to accelerate forthcoming deployment and unlock broader 
digital asset exposure. Ripple Expands Custody With Security, Compliance, and 
Staking Partnerships Institutional demand for compliant digital asset 
infrastructure continues to accelerate as custody platforms […]

Ripple Integrates Staking, Compliance Tools as Institutional Crypto Momentum Builds

Robinhood&#8217;s testnet launch could revolutionize financial markets by enabling 
24/7 trading and seamless integration of traditional and crypto assets.
The post Robinhood activates testnet for Ethereum layer 2 blockchain appeared 
first on Crypto Briefing.

Cryptocurrency price in ARS