Ethereum is showing early signs of a rising wedge formation, a pattern often 
associated with potential reversals. With key support under pressure, a 
breakdown from this structure could push the price lower, putting the $1,500 
level firmly in focus as the next major target. A Rejection At Key High- 
Timeframe Support Luca, in a recent update, highlighted that Ethereum’s price 
has been rejected at the lost high-timeframe support range he referenced in 
previous PAT updates. This level also aligns with the 2D Bull Market Support 
Band at $2,180, making it a critical zone for assessing market direction. The 
rejection suggests that buyers are struggling to reclaim key support, keeping 
the market under pressure. Related Reading: Ethereum Price Support Intact, but 
Market Signals Waning Bullish Momentum Examining the mid-term picture, Luca 
noted that since early February, Ethereum has been forming a rising wedge 
pattern. Rising wedges are often considered cautionary signals because they 
can precede corrective moves, indicating that the current upward attempts may 
lack the strength needed to sustain a rally. Until there is clear evidence of 
a durable breakout above both the lost high-timeframe support range and the 2D 
Bull Market Support Band, Luca advises that traders should remain hedged and 
avoid overly aggressive positions. This strategy helps limit exposure while 
waiting for a more definitive market trend to emerge. For the time being, Luca 
plans to remain hedged to mitigate mid-term downside risk. The most probable 
scenario, according to his analysis, is continued consolidation within the 
lost high-timeframe range. If bearish pressure persists, Ethereum may continue 
the high-timeframe downtrend observed over the past few weeks. The next key 
high-timeframe support to monitor aligns with the early April 2025 lows near 
$1,500. Ethereum Shows Potential For End-Of-Week Trades Ethereum could present 
some interesting end-of-week trading opportunities. Lennaert Snyder revealed 
that price action around key levels may offer both short-term and mid-term 
setups for active traders. Related Reading: The $2,000 Fault Line: Why 
Ethereum’s Record Volatility Signals An Imminent Explosion According to the 
analyst, Ethereum is currently holding at the $2,036 low, which indicates a 
correlation with the Smart Money Theory (SMT) and Bitcoin. This alignment 
suggests that price movements in ETH may follow broader market trends seen in 
BTC, providing potential clues for trading decisions. Snyder plans to enter 
shorts if Ethereum sweeps and rejects the buy-side liquidity above $2,099, 
using a bearish MSB as his trigger. Conversely, if price breaks above $2,099, 
he’ll target longs toward $2,163, relying on SMT with BTC and previously 
captured sell-side liquidity. He also cautioned traders to be mindful of 
today’s Non-Farm Payroll (NFP) release, which can create volatility across 
crypto markets. Sudden market reactions could impact ETH’s price action, 
making careful risk management essential around the news event. Featured image 
from Pexels, chart from Tradingview.com

Ethereum Rising Wedge Warning: Breakdown Could Send Price Toward $1,500

Artificial intelligence (AI) agents are quietly becoming the newest traders, 
analysts, and operators in crypto—and dozens of exchanges, data firms, and 
infrastructure projects are rushing to give them the tools to run wild. Crypto 
Industry Races to Equip AI Agents With Trading and Wallet Tools The rapid rise 
of autonomous AI agents has fueled a […]

AI Agents Enter Crypto Markets With Support From Exchanges, Wallets, Data Firms and More

Excluding stablecoins from corporate crypto investments in South Korea may 
limit market growth and innovation, affecting global crypto dynamics.
The post South Korea moves to exclude USDT, USDC from corporate crypto 
investment rules appeared first on Crypto Briefing.

South Korea moves to exclude USDT, USDC from corporate crypto investment rules

Crypto exchange-traded funds (ETFs) ended the week under pressure as bitcoin 
funds recorded a second consecutive day of heavy outflows. Ether, XRP, and 
solana ETFs also posted losses, marking another broad selloff across the 
sector. Bitcoin, Ether ETFs Post Second Straight Day of Heavy Outflows The 
crypto ETF market closed the week on a cautious […]

Crypto ETFs Stay Red: Bitcoin Loses $349 Million in Friday Pullback

Crypto analyst Luke has drawn attention to an XRP bull flag breakout, which 
could send the price to $11, which would mark a new all-time high (ATH) for 
the altcoin. This comes as the altcoin faces further downside amid the 
U.S.-Iran war, which threatens to drag on for a long time. XRP Eyes Rally To 
$11 Amid Bull Flag Breakout In an X post, Luke stated that a bull flag 
breakout is forming on the XRP weekly chart, with the target being $11. The 
analyst noted that this is a textbook bull flag after the 8-month 
consolidation. A pole height measured move points to a rally to exactly $11 
while the altcoin could reach $11.20 based on the 1.618 Fib extension. Related 
Reading: XRP Price Ladder Shows What Conditions Are Needed For $18, $100, And 
$500 An XRP rally to $11 from the current price represents an upside of almost 
700%. Luke indicated that such a rally is possible, with institutions also 
accumulating, a development that shows a “parabolic leg” is incoming. However, 
it is worth noting that the XRP ETFs have seen daily net outflows in the last 
two days as tensions between the U.S. and Iran intensify. SoSoValue data shows 
that the funds recorded outflows of $6.15 million and $16.62 million on March 
5 and 6, respectively. As a result, the net assets of these XRP ETFs have 
dropped below $1 billion. The altcoin, alongside the broader crypto market, is 
currently facing downside pressure, with the U.S.-Iran tensions pushing oil 
prices to multi-year highs. Crypto analyst CasiTrades predicted that XRP could 
drop to as low as $0.87, as it remains below the $1.67 resistance level. 
Crypto analyst Egrag Crypto also stated that XRP could drop to as low as $0.85 
after facing rejection at the $1.55 level. Insight Into the Current Price 
Action In an X post, crypto analyst JB stated that all previous wicks, 
including the one on October 10, have been filled down into the demand zone. 
The analyst opined that there isn’t much additional downside fuel left if XRP 
is still in a higher timeframe (HTF) bullish environment. JB also mentioned 
that the first attempt to reclaim $1.61 failed, so a retest of the $1.25 and 
$1 level are now back on the table. Related Reading: Analyst Predicts 1,500% 
XRP Price Increase To $15 If This Is A Wave 2 For an invalidation of this 
bearish structure, XRP needs to reclaim $1.61 and break the diagonal 
resistance. JB noted that this would significantly increase the odds of 
resuming the broader uptrend after about 15 months of correction. “The current 
area offers one of the strongest R:R setups for HTF spot longs, with 
invalidation below the gray demand zone,” the analyst added. At the time of 
writing, the XRP price is trading at around $1.36, down over 2% in the last 24 
hours, according to data from CoinMarketCap. Featured image from Freepik, 
chart from Tradingview.com

Cryptocurrency price in LKR